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6479 Meadow Hill Drive Reno, NV 89519

5 Beds 3 Baths 3,290 sqft Built 1978

$675,000

List Price

$3,530

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

January 19, 2021 RECENTLY ADDED
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

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450kPrice in $153k488k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Meadowridge

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q212001300140015001600170018001900200021002200Rent in $11802277

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Huffaker Elementary School Primary Regular 481 25 7
Huffaker Elementary School Middle Regular 481 25 7
Reno High School High Regular 1,668 71 10

Huffaker Elementary School

  • Education Level: Primary
  • # of students: 481
  • # of teachers: 25
7
GreatSchools Rating

Huffaker Elementary School

  • Education Level: Middle
  • # of students: 481
  • # of teachers: 25
7
GreatSchools Rating

Reno High School

  • Education Level: High
  • # of students: 1,668
  • # of teachers: 71
10
GreatSchools Rating
 

$607,500$742,500$675,000

PURCHASE PRICE

$3,177$3,883$3,530

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$184,625

INVESTMENT

$184,625

Down Payment
$168,750
Rehab Estimate
$5,750
Closing Costs
$10,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$2,345

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $168,750
Loan Amount $506,250
See What Happens When You Reinvest Cash Flow

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
$0
1$02$3,700
$3,700
RENT COMPS ANALYSIS
  • 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
Jeannette Harpole
Keller Williams Group One Inc.
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 210000632
Last Updated: 01/22/2021
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