Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1978
- Price/Sqft : $205.17
- 6 Days on Market
- MLS # : 210000632
- Updated Date : 01/22/2021 at 06:12
CONSTRUCTION
- Beds : 5
- Floor Size : 3,290 sqft
- Baths : 3 full
Listing Agent
Keller Williams Group One Inc.
Listing Agent's Description
Incredibly remodeled southwest Reno home with access to amazing amenities of a Club House, snow removal, a community pool with tennis court and amazing walking trails. This is a 5 bedroom 3 bath home with a loft has plenty of living space with over 3200 sqft. Open floor plan with plenty of outdoor areas with mature landscaping for relaxing and entertaining. Every detail has been thoughtfully executed. This home is completely turnkey so bring you most discerning clients.
SEE MORE
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 | $3,530 |
| EXPENSES | Loan Payment | -$2,345 |
| Property Tax | -$697 | |
| Property Insurance | -$97 | |
| HOA | -$290 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$17
|
||
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.
$675,000
PROJECTED PRICE
$3,530
PROJECTED RENT
0.52%
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
$184,625
LOAN DETAILS
$2,345
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $168,750 |
| Loan Amount | $506,250 |
5.08
YEARS SAVED
$34,930
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
-
$4,080
COMP ESTIMATED VALUE -
$1.24
COMP AVG. RENT PER SQFT
Comps Range
-
6479 Meadow Hill Drive Reno, NV 1
- 5 beds 3 baths ∙ 3,290 Sqft ∙ Built 1978 5 beds 3 baths ∙ 3,290 Sqft ∙ Built 1978
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
7490 Lakeside Dr Reno, NV 2
- 4 beds 4 baths ∙ 2,994 Sqft ∙ Built 1965 4 beds 4 baths ∙ 2,994 Sqft ∙ Built 1965
![property image]()
LEASED 08/19/20- Rent
- Rent Per SQFT
- $3,700
- $1.24
PROPERTY LISTING DETAILS
Keller Williams Group One Inc.
1.866.250.5610
Mynd Property Management
1453579
MLS #: 210000632
Last Updated: 01/22/2021
