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8200 Osage Road Reno, NV 89508

3 Beds 2 Baths 1,767 sqft Built 1994

$416,700

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $235.82
  • 24 Days on Market
  • MLS # : 200016960
  • Updated Date : 01/07/2021 at 23:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,767 sqft
  • Baths : 2 full
Listing Agent

Realty One Group Eminence

Listing Agent's Description

This Quality, fully renovated, 3 bedroom, 2 bath, 3 car garage home sits on about an acre lot ready for new family to bring their horses and toys. Enjoy the secluded & peaceful area of Silver Knolls yet near enough to freeways for quick city access and surrounding areas.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Silver Knolls - Red Rock

NeighborhoodNIR Market*CityMarket2010Year20002019160k180k200k220k240k260k280k300k320k340k360kPrice in $142k366k

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

Neighborhood: Silver Knolls - Red Rock

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q212001300140015001600170018001900Rent in $11081956

* 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
 

$375,030$458,370$416,700

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$1,447
Property Tax -$584
Property Insurance -$65
Property Management Fees -$119
CASH FLOW
-$525

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.

$416,700

PROJECTED PRICE

$1,690

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.70%
Appreciation Year (1-5) 13.5%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$116,176

INVESTMENT

$116,176

Down Payment
$104,175
Rehab Estimate
$5,750
Closing Costs
$6,251

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,447

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $104,175
Loan Amount $312,525
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$149

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
  • $1,879

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6003$1,6954$2,100
$2,100
RENT COMPS ANALYSIS
  • 8200 Osage Road Reno, NV 1
    • 3 beds 2 baths ∙ 1,767 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,767 Sqft ∙ Built 1994
    property image
    • 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
    property image
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.05
    •  
  • 10585 Trailmaster Reno, NV 3
    • 3 beds 2 baths ∙ 1,782 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,782 Sqft ∙ Built 1985
    property image
    LEASED 01/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.95
    •  
  • 10570 Trailmaster Reno, NV 4
    • 3 beds 2 baths ∙ 1,772 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,772 Sqft ∙ Built 1989
    property image
    LEASED 09/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.19
    •  
PROPERTY LISTING DETAILS
Ryan Borden
Realty One Group Eminence
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200016960
Last Updated: 01/07/2021
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