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7265 Wallsend Drive Reno, NV 89511

5 Beds 3 Baths 2,110 sqft Built 1977

$400,000

List Price

$2,010

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $189.57
  • 3 Days on Market
  • MLS # : 200016097
  • Updated Date : 11/21/2020 at 02:37
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,110 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Group One Inc.

Listing Agent's Description

This amazing newly remodeled home in South Reno has an open floor plan downstairs. As soon as you enter the front door you are welcomed by a wrap-around great room that features a fireplace where you can cozy up during these cold winter months. The dining and kitchen area just around the corner is a great area for you and your guests to gather.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Huffaker Hills

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $102k347k

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

Neighborhood: Huffaker Hills

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q21000110012001300140015001600170018001900Rent in $9911912

* 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
Donner Springs Elementary School Primary Regular 685 35 5
Donner Springs Elementary School Middle Regular 685 35 5
Damonte Ranch High School High Regular 1,617 70 8

Donner Springs Elementary School

  • Education Level: Primary
  • # of students: 685
  • # of teachers: 35
5
GreatSchools Rating

Donner Springs Elementary School

  • Education Level: Middle
  • # of students: 685
  • # of teachers: 35
5
GreatSchools Rating

Damonte Ranch High School

  • Education Level: High
  • # of students: 1,617
  • # of teachers: 70
8
GreatSchools Rating
 

$360,000$440,000$400,000

PURCHASE PRICE

$1,809$2,211$2,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,010
EXPENSES Loan Payment -$1,476
Property Tax -$439
Property Insurance -$72
Property Management Fees -$119
CASH FLOW
-$95

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$400,000

PROJECTED PRICE

$2,010

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.73%
Appreciation Year (1-5) 14.1%
Maintenance Year (1-5) 8.00%
Vacancy 4.08%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,750

INVESTMENT

$111,750

Down Payment
$100,000
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $100,000
Loan Amount $300,000
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$18,883

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
  • $2,500

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9953$3,200
$3,200
RENT COMPS ANALYSIS
  • 7265 Wallsend Drive Reno, NV 1
    • 5 beds 3 baths ∙ 2,110 Sqft ∙ Built 1977 5 beds 3 baths ∙ 2,110 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3775 Vantage Way Reno, NV 2
    • 4 beds 3 baths ∙ 2,128 Sqft ∙ Built 1975 4 beds 3 baths ∙ 2,128 Sqft ∙ Built 1975
    LEASED 09/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.94
    •  
  • 7972 Rusty Rd Reno, NV 3
    • 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 1992
    LEASED 09/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.43
    •  
PROPERTY LISTING DETAILS
Brandon Goles
Keller Williams Group One Inc.
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200016097
Last Updated: 11/21/2020
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