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7933 Moss Creek Dr Reno, NV 89506

4 Beds 3 Baths 2,016 sqft Built 1995

$348,500

List Price

$2,050

$1.8K - $2.3K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $172.87
  • 3 Days on Market
  • MLS # : 210000233
  • Updated Date : 01/09/2021 at 23:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,016 sqft
  • Baths : 2 full , 1 half
Listing Agent

Berkshire Hathaway Homeservice

Listing Agent's Description

Large home in desirable neighborhood needs some loving care. This property has four bedrooms & a three car garage. Features include a formal dining room, breakfast nook in the kitchen next to the family room, lots of natural light, & central air. Good size backyard for buyer to create their own oasis. Great mountain views & easy access to freeway.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Silver Shores

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $102k347k

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

Neighborhood: Silver Shores

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
Silver Lake Elementary School Primary Regular 630 32 5
Cold Springs Middle Schools Middle Regular 717 28 NA
North Valleys High School High Regular 2,061 96 3

Silver Lake Elementary School

  • Education Level: Primary
  • # of students: 630
  • # of teachers: 32
5
GreatSchools Rating

Cold Springs Middle Schools

  • Education Level: Middle
  • # of students: 717
  • # of teachers: 28
NA
GreatSchools Rating

North Valleys High School

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

$313,650$383,350$348,500

PURCHASE PRICE

$1,845$2,255$2,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,050
EXPENSES Loan Payment -$1,210
Property Tax -$596
Property Insurance -$70
Property Management Fees -$119
CASH FLOW
$55

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.

$348,500

PROJECTED PRICE

$2,050

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$98,103

INVESTMENT

$98,103

Down Payment
$87,125
Rehab Estimate
$5,750
Closing Costs
$5,228

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,210

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,125
Loan Amount $261,375
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$21,189

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
  • $2,130

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8503$1,9954$2,100
$2,100
RENT COMPS ANALYSIS
  • 7933 Moss Creek Dr Reno, NV 1
    • 4 beds 3 baths ∙ 2,016 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,016 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9245 Red Baron Reno, NV 2
    • 4 beds 3 baths ∙ 2,130 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,130 Sqft ∙ Built 2005
    LEASED 10/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.87
    •  
  • 9416 Long River Reno, NV 3
    • 3 beds 2 baths ∙ 1,803 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,803 Sqft ∙ Built 2002
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.11
    •  
  • 10570 Trailmaster Reno, NV 4
    • 3 beds 2 baths ∙ 1,772 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,772 Sqft ∙ Built 1989
    LEASED 09/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.19
    •  
PROPERTY LISTING DETAILS
Crystal Barstad
Berkshire Hathaway Homeservice
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 210000233
Last Updated: 01/09/2021
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