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8045 W Key Largo Ct Reno, NV 89506

3 Beds 2 Baths 1,261 sqft Built 2005

$334,900

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $265.58
  • 2 Days on Market
  • MLS # : 200017186
  • Updated Date : 12/26/2020 at 21:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,261 sqft
  • Baths : 2 full
Listing Agent

Krch Realty

Listing Agent's Description

Beautifully maintained 3 bedroom,2 bath,2 car garage. Exterior painted late 2020,exterior fresh paint, new water heater 2019. Feels like home the minute you walk in the door. All new flooring throughout. Kitchen table is built in with storage under benches. Barn door on pantry adds that country kitchen feeling. Double sinks in master bath, extra linen cabinet, custom towel rack , shower tub combo. No rear neighbors and absolutely breath taking views. This home is a must see.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Turtle Creek

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $103k347k

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

Neighborhood: Turtle Creek

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q2110012001300140015001600170018001900Rent in $10101912

* 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
 

$301,410$368,390$334,900

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$1,236
Property Tax -$548
Property Insurance -$54
Property Management Fees -$119
CASH FLOW
-$237

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.

$334,900

PROJECTED PRICE

$1,720

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.70%
Appreciation Year (1-5) 13.0%
Maintenance Year (1-5) 8.00%
Vacancy 4.04%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$94,499

INVESTMENT

$94,499

Down Payment
$83,725
Rehab Estimate
$5,750
Closing Costs
$5,024

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,236

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $83,725
Loan Amount $251,175
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$4,596

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
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$0
1$0
$0
RENT COMPS ANALYSIS
  • 8045 W Key Largo Ct Reno, NV
    • 3 beds 2 baths ∙ 1,261 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,261 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
PROPERTY LISTING DETAILS
Cindy Watkins
Krch Realty
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200017186
Last Updated: 12/26/2020
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