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7355 Gemstone Reno, NV 89511

4 Beds 2 Baths 1,926 sqft Built 1972

$379,000

List Price

$1,980

$1.8K - $2.2K

Rent Est.

$106,185

Investment Est.

AVAILABLE

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AVAILABLE

1 Year
(+14.1%)
1 YR. PROJ. APPRECIATION


Cap Rate	3.7%
Cash Flow	$300
Value Increase	$54,288

10 YEAR

Cash On Cash	-1.1%
Total Return	17.8%

PROPERTY INFO

December 19, 2020 RECENTLY ADDED

FACTS

Single Family
Built In 1972
Price/Sqft : $196.78
4 Days on Market
MLS # : 200016965
Updated Date : 12/18/2020 at 23:20

CONSTRUCTION

Beds : 4
Floor Size : 1,926 sqft
Baths : 2 full

Listing Agent

Dickson Realty - Damonte Ranch

7355 Gemstone Dr

Reno, Nevada

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Neighborhood: Huffaker Hills

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

Neighborhood: Huffaker Hills

* 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

GreatSchools Rating

Donner Springs Elementary School

Education Level: Middle
# of students: 685
# of teachers: 35

GreatSchools Rating

Damonte Ranch High School

Education Level: High
# of students: 1,617
# of teachers: 70

GreatSchools Rating

FINANCIALS

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$341,100$416,90000$379,000

PURCHASE PRICE

$1,782$2,17800$1,980

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

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PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

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FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$1,980
EXPENSES	Loan Payment	-$1,398
	Property Tax	-$369
	Property Insurance	-$68
	Property Management Fees	-$119




CASH FLOW $25

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.

$379,000

PROJECTED PRICE

$1,980

PROJECTED RENT

0.52%

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

PROJECTED ANNUAL CASH FLOW

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

TOTAL CASH OUT OF POCKET

INVESTMENT

$106,185

Down Payment	$94,750
Rehab Estimate	$5,750
Closing Costs	$5,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,398

MONTHLY LOAN PAYMENT

30 yr

4.25%

25.00%

Down Payment

Term	30 Years
Interest	4.25%
Down Payment	$94,750
Loan Amount	$284,250

See What Happens When You Reinvest Cash Flow

5.83

YEARS SAVED

$29,132

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

$1,980
LIST RENT
$1.03
LIST RENT PER SQFT

$2,099
COMP ESTIMATED VALUE
$1.09
COMP AVG. RENT PER SQFT

Comps Range

$1,800

1$1,8002$1,9803$1,9954$3,200

$3,200

RENT COMPS ANALYSIS

1,926
PROPERTY SQFT
$1.09
AVG RENT PER SQFT
$2,099
ESTIMATED VALUE
$1,980
LIST RENT

7355 Gemstone Reno, NV 5

4 beds 2 baths ∙ 1,926 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,926 Sqft ∙ Built 1972
Price

Price Per SQFT

$379,000

$196.78
690 E Huffaker Reno, NV 1

3 beds 2 baths ∙ 1,641 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,641 Sqft ∙ Built 1971
SOLD 07/30/20
Price

Price Per SQFT

$340,000

$207.19
7240 Bluestone Reno, NV 2

3 beds 3 baths ∙ 1,641 Sqft ∙ Built 1972 3 beds 3 baths ∙ 1,641 Sqft ∙ Built 1972
SOLD 07/13/20
Price

Price Per SQFT

$348,500

$212.37
7275 Offenhauser Drive Reno, NV 3

4 beds 3 baths ∙ 2,110 Sqft ∙ Built 1976 4 beds 3 baths ∙ 2,110 Sqft ∙ Built 1976
SOLD 07/17/20
Price

Price Per SQFT

$370,000

$175.36
7478 Limestone Reno, NV 4

3 beds 3 baths ∙ 1,641 Sqft ∙ Built 1971 3 beds 3 baths ∙ 1,641 Sqft ∙ Built 1971
SOLD 09/11/20
Price

Price Per SQFT

$376,000

$229.13

7355 Gemstone Reno, NV 2

4 beds 2 baths ∙ 1,926 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,926 Sqft ∙ Built 1972
Rent

Rent Per SQFT

$1,980

$1.03
7531 Whimbleton Reno, NV 1

3 beds 3 baths ∙ 2,000 Sqft ∙ Built 1987 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 1987
LEASED 06/07/20
Rent

Rent Per SQFT

$1,800

$0.90
3775 Vantage Way Reno, NV 3

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 4

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

Jeff Biegler
Dickson Realty - Damonte Ranch

Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579

Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200016965
Last Updated: 12/18/2020

7355 Gemstone Reno, NV 89511

$379,000

$1,980

$106,185

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

PRICE & RENT TRENDS

SCHOOLS

Donner Springs Elementary School

Donner Springs Elementary School

Damonte Ranch High School

FINANCIALS

$341,100$416,90000$379,000

$1,782$2,17800$1,980

Acquisition Concierge

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$379,000

$1,980

0.52%

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$1,398

5.83

$29,132

$379,000

$196.78

$396,780

$206.01

COMPS RANGE

PRICE COMPS ANALYSIS

$1,980

$1.03

$2,099

$1.09

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS