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7505 Berryhill Dr. Reno, NV 89511

3 Beds 3 Baths 1,753 sqft Built 1982

$389,500

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $222.19
  • 3 Days on Market
  • MLS # : 210000516
  • Updated Date : 01/16/2021 at 22:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,753 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Group One Inc.

Listing Agent's Description

Spectacular Huffaker Hills home featuring 3 bedrooms, 2.5 bathrooms with a total of 1753 square feet on a beautiful corner lot with mature landscaping including fruit trees, deck, and dog run. Upon entering the home there is a welcoming kitchen with a breakfast bar leading into a bright dining room. The refrigerator in the kitchen is included with the sale of this home, along with the washer and dryer. Large deck off the upstairs master bedroom to enjoy the beautiful sunsets that Reno has to offer. Come see

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
 

$350,550$428,450$389,500

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$1,353
Property Tax -$454
Property Insurance -$64
Property Management Fees -$119
CASH FLOW
-$300

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.

$389,500

PROJECTED PRICE

$1,690

PROJECTED RENT

0.43%

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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$108,968

INVESTMENT

$108,968

Down Payment
$97,375
Rehab Estimate
$5,750
Closing Costs
$5,843

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,353

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $97,375
Loan Amount $292,125
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$3,554

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
  • $1,867

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8003$1,8954$2,2505$2,250
$2,250
RENT COMPS ANALYSIS
  • 7505 Berryhill Dr. Reno, NV 1
    • 3 beds 3 baths ∙ 1,753 Sqft ∙ Built 1982 3 beds 3 baths ∙ 1,753 Sqft ∙ Built 1982
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7531 Whimbleton Reno, NV 2
    • 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
    •  
  • 3930 Amador Way Reno, NV 3
    • 4 beds 2 baths ∙ 1,672 Sqft ∙ Built 1975 4 beds 2 baths ∙ 1,672 Sqft ∙ Built 1975
    LEASED 12/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.13
    •  
  • 10315 Coyote Creek Drive Reno, NV 4
    • 4 beds 3 baths ∙ 1,969 Sqft ∙ Built 2000 4 beds 3 baths ∙ 1,969 Sqft ∙ Built 2000
    LEASED 10/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.14
    •  
  • 1190 Broadview Reno, NV 5
    • 4 beds 2 baths ∙ 2,068 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,068 Sqft ∙ Built 2001
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.09
    •  
PROPERTY LISTING DETAILS
Hope Lewis
Keller Williams Group One Inc.
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 210000516
Last Updated: 01/16/2021
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