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7635 Pebblestone Way Reno, NV 89523

3 Beds 3 Baths 2,034 sqft Built 2005

$414,000

List Price

$2,240

$2K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $203.54
  • 3 Days on Market
  • MLS # : 210002397
  • Updated Date : 02/26/2021 at 21:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,034 sqft
  • Baths : 3 full
Listing Agent

Sierra Nevada Properties-reno

Listing Agent's Description

Fantastic floorplan in the Village at Somersett. Easy and fast access to clubhouse and pool from the front door. This plan features an open kitchen that looks into the dining room and living room. Bedroom and full bath downstairs. Upstairs has a loft with high ceilings and lots of windows for excellent lighting, master bedroom and 3rd bedroom.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Somersett Town Center Residential

NeighborhoodNIR Market*CityMarket2010Year20002019160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $147k439k

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

Neighborhood: Somersett Town Center Residential

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q212001300140015001600170018001900200021002200Rent in $11802208

* 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
Westergard Elementary School Primary Regular 638 31 7
Billinghurst Middle School Middle Regular 931 44 NA
Mcqueen High School High Regular 1,828 83 10

Westergard Elementary School

  • Education Level: Primary
  • # of students: 638
  • # of teachers: 31
7
GreatSchools Rating

Billinghurst Middle School

  • Education Level: Middle
  • # of students: 931
  • # of teachers: 44
NA
GreatSchools Rating

Mcqueen High School

  • Education Level: High
  • # of students: 1,828
  • # of teachers: 83
10
GreatSchools Rating
 

$372,600$455,400$414,000

PURCHASE PRICE

$2,016$2,464$2,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,240
EXPENSES Loan Payment -$1,438
Property Tax -$785
Property Insurance -$70
HOA -$152
Property Management Fees -$119
CASH FLOW
-$325

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.

$414,000

PROJECTED PRICE

$2,240

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.04%
Appreciation Year (1-5) 8.7%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$115,460

INVESTMENT

$115,460

Down Payment
$103,500
Rehab Estimate
$5,750
Closing Costs
$6,210

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,438

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $103,500
Loan Amount $310,500
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$2,270

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
  • $2,415

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1003$2,1954$2,5955$2,895
$2,895
RENT COMPS ANALYSIS
  • 7635 Pebblestone Way Reno, NV 1
    • 3 beds 3 baths ∙ 2,034 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,034 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6541 Breckenridge Reno, NV 2
    • 4 beds 2 baths ∙ 1,841 Sqft ∙ Built 1994 4 beds 2 baths ∙ 1,841 Sqft ∙ Built 1994
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.14
    •  
  • 7883 Morgan Pointe Circle Reno, NV 3
    • 3 beds 2 baths ∙ 1,879 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,879 Sqft ∙ Built 2002
    LEASED 01/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.17
    •  
  • 1898 Star Bright Reno, NV 4
    • 4 beds 3 baths ∙ 2,134 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,134 Sqft ∙ Built 2015
    LEASED 10/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $1.22
    •  
  • 2205 Heavenly View Trail Reno, NV 5
    • 4 beds 3 baths ∙ 2,379 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,379 Sqft ∙ Built 2007
    LEASED 11/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $1.22
    •  
PROPERTY LISTING DETAILS
Theresa Thomson
Sierra Nevada Properties-reno
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 210002397
Last Updated: 02/26/2021
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