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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $216.79
- 2 Days on Market
- MLS # : 210003201
- Updated Date : 03/13/2021 at 16:56
CONSTRUCTION
- Beds : 3
- Floor Size : 1,822 sqft
- Baths : 2 full
Listing Agent
Dickson Realty - Sparks
Listing Agent's Description
Great single story home with 3 bedrooms plus an office/den, 2 baths, and a 3 car garage. Open floor plan with 2 living areas. Home is move in ready with newly painted kitchen cabinets & tile backsplash and newer dishwasher. Freshly cleaned carpet in the bedrooms and laminate in the high traffic areas. The refrigerator in the kitchen, washer and dryer are included in the sale as is with no warranty. There are ceiling fans in all the bedrooms & storage space in the attic with ample lighting & power outlets.
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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 | $1,850 |
| EXPENSES | Loan Payment | -$1,372 |
| Property Tax | -$611 | |
| Property Insurance | -$66 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$318
|
||
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.
$395,000
PROJECTED PRICE
$1,850
PROJECTED RENT
0.47%
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
$110,425
LOAN DETAILS
$1,372
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $98,750 |
| Loan Amount | $296,250 |
1.33
YEARS SAVED
$2,568
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
-
$1,950
COMP ESTIMATED VALUE -
$1.07
COMP AVG. RENT PER SQFT
Comps Range
-
8120 Monterey Shores Dr Reno, NV 1
- 3 beds 2 baths ∙ 1,822 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,822 Sqft ∙ Built 1999
- Rent
- Rent Per SQFT
- $0
- $0.00
-
8960 Red Baron Blvd Reno, NV 2
- 3 beds 3 baths ∙ 1,528 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,528 Sqft ∙ Built 2005
LEASED 05/29/20- Rent
- Rent Per SQFT
- $1,600
- $1.05
-
9225 Moonset Court Reno, NV 3
- 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 2004
LEASED 01/01/20- Rent
- Rent Per SQFT
- $1,795
- $1.09
PROPERTY LISTING DETAILS
Dickson Realty - Sparks
1.866.250.5610
Mynd Property Management
1453579
MLS #: 210003201
Last Updated: 03/13/2021
