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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $230.38
- 4 Days on Market
- MLS # : 210000736
- Updated Date : 01/21/2021 at 20:16
CONSTRUCTION
- Beds : 3
- Floor Size : 1,389 sqft
- Baths : 2 full
Listing Agent
Homegate Realty Of Reno
Listing Agent's Description
Adorable Single Story home nestled in the quiet Silver Shores neighborhood! This home highlights an open floor plan starting with the spacious Great Room. Right off the Kitchen the slider glass doors lead out to the patio, perfect for family BBQ's. Low maintenance back yard boasts mature landscaping and privacy. Primary Bedroom features oversized stand up shower, walk-in closet and slider glass doors leading out to the back patio. Close to schools, parks, shopping and Highway access! Move in ready!
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PRICE & RENT TRENDS
Neighborhood: Silver Shores
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Silver Shores
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,530 |
| EXPENSES | Loan Payment | -$1,111 |
| Property Tax | -$531 | |
| Property Insurance | -$57 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$288
|
||
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.
$320,000
PROJECTED PRICE
$1,530
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.73% |
| Appreciation Year (1-5) | 14.4% |
| 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
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$90,550
LOAN DETAILS
$1,111
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $80,000 |
| Loan Amount | $240,000 |
1.08
YEARS SAVED
$1,378
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,530
LIST RENT -
$1.1
LIST RENT PER SQFT
-
$1,486
COMP ESTIMATED VALUE -
$1.07
COMP AVG. RENT PER SQFT
Comps Range
-
7455 Hinton Drive Reno, NV 1
- 3 beds 2 baths ∙ 1,389 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,389 Sqft ∙ Built 2003
- Rent
- Rent Per SQFT
- $1,530
- $1.10
-
8960 Red Baron Blvd Reno, NV 2
- 3 beds 3 baths ∙ 1,528 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,528 Sqft ∙ Built 2005
LEASED 05/29/20- Rent
- Rent Per SQFT
- $1,600
- $1.05
-
9225 Moonset Court Reno, NV 3
- 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 2004
LEASED 01/01/20- Rent
- Rent Per SQFT
- $1,795
- $1.09
PROPERTY LISTING DETAILS
Homegate Realty Of Reno
1.866.250.5610
Mynd Property Management
1453579
MLS #: 210000736
Last Updated: 01/21/2021
