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PROPERTY INFO
FACTS
- Single Family
- Built In 1978
- Price/Sqft : $248.47
- 3 Days on Market
- MLS # : 210002841
- Updated Date : 03/07/2021 at 05:24
CONSTRUCTION
- Beds : 4
- Floor Size : 2,129 sqft
- Baths : 3 full
Listing Agent
Chase International-damonte
Listing Agent's Description
Great opportunity to acquire a home in the highly desired Meadowridge community. Live in a park-like environment with beautiful walking paths and serene common areas with a pond. Private front porch area with large large wood deck and storage shed. Four bedrooms with three full baths. One good size bedroom with ensuite full bath on the main level, perfect for guests. Vaulted ceilings in the living room and three bedrooms.
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PRICE & RENT TRENDS
Neighborhood: Meadowridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Meadowridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,230 |
| EXPENSES | Loan Payment | -$1,837 |
| Property Tax | -$613 | |
| Property Insurance | -$72 | |
| HOA | -$240 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$652
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.
$529,000
PROJECTED PRICE
$2,230
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.04% |
| Appreciation Year (1-5) | 8.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 4.52% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$145,935
LOAN DETAILS
$1,837
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $132,250 |
| Loan Amount | $396,750 |
0.25
YEARS SAVED
$201
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,969
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
-
6465 Meadow Hill Drive Reno, NV 1
- 4 beds 3 baths ∙ 2,129 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,129 Sqft ∙ Built 1978
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
975 Bejay Pl. Reno, NV 2
- 3 beds 2 baths ∙ 1,836 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,836 Sqft ∙ Built 1965
![property image]()
LEASED 10/09/20- Rent
- Rent Per SQFT
- $1,750
- $0.95
-
7531 Whimbleton Reno, NV 3
- 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 1987 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 1987
![property image]()
LEASED 06/07/20- Rent
- Rent Per SQFT
- $1,800
- $0.90
PROPERTY LISTING DETAILS
Chase International-damonte
1.866.250.5610
Mynd Property Management
1453579
MLS #: 210002841
Last Updated: 03/07/2021
