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PROPERTY INFO
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.
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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 | $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
| 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
$98,103
LOAN DETAILS
$1,210
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $87,125 |
| Loan Amount | $261,375 |
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
-
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
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- $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
Berkshire Hathaway Homeservice
1.866.250.5610
Mynd Property Management
1453579
MLS #: 210000233
Last Updated: 01/09/2021
