Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

7895 Opal Station Dr Reno, NV 89506

4 Beds 2 Baths 1,933 sqft Built 2006

INVESTimate

$445,000

List Price

$2,020

$1,818 - $2,222

Rent Est.

$482,603  ( +8.45%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2006
  • Price/Sqft : $230.21
  • 9 Days on Market
  • MLS # : 200011424
  • Updated Date : 08/25/2020 at 19:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,933 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Group One Inc.

Listing Agent's Description

Gardeners delight! This beautiful single-story home has so many upgrades it will amaze you! As you enter this Lennar home you see and feel the love this home has to offer. Open concept with a semi separate formal dining room for all those entertaining dinners. Step out into the backyard with stunning views of the sunset and mountains, surrounded by a beautiful backyard with lots of mature flowers, trees and shrubs that show the love the owners have had for this home.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Northstar Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019160k180k200k220k240k260k280k300k320k340k360k380kPrice in $142k395k

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

Neighborhood: Northstar Ranch

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q212001300140015001600170018001900200021002200Rent in $11082237

* 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
Smithridge Stem Academy Primary Regular 731 42 3
O'brien Stem Academy Middle Regular 684 32 NA
North Valleys High School High Regular 2,061 96 3

Smithridge Stem Academy

  • Education Level: Primary
  • # of students: 731
  • # of teachers: 42
3
GreatSchools Rating

O'brien Stem Academy

  • Education Level: Middle
  • # of students: 684
  • # of teachers: 32
NA
GreatSchools Rating

North Valleys High School

  • Education Level: High
  • # of students: 2,061
  • # of teachers: 96
3
GreatSchools Rating
 

$400,500$489,500$445,000

PURCHASE PRICE

$1,818$2,222$2,020

RENT

DOWN PAYMENT
FINANCING

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-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,020
EXPENSES Loan Payment -$1,642
Property Tax -$333
Property Insurance -$68
HOA -$68
Property Management Fees -$119
CASH FLOW
-$210

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.

$445,000

PROJECTED PRICE

$2,020

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.70%
Appreciation Year (1-5) 8.45%
Maintenance Year (1-5) 8.00%
Vacancy 4.04%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$123,675

INVESTMENT

$123,675

Down Payment
$111,250
Rehab Estimate
$5,750
Closing Costs
$6,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,642

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $111,250
Loan Amount $333,750
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$14,138

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
  • $2,049

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,800
$1,800
RENT COMPS ANALYSIS
  • 7895 Opal Station Dr Reno, 1
    • 3 beds 2 baths ∙ 1,933 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,933 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7915 Opal Station Reno, 2
    • 3 beds 2 baths ∙ 1,697 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,697 Sqft ∙ Built 2005
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.06
    •  
PROPERTY LISTING DETAILS
Alexander Barajas
Keller Williams Group One Inc.
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200011424
Last Updated: 08/25/2020
BESbswy