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840 Rosewood Drive Reno, NV 89509

5 Beds 4 Baths 3,200 sqft Built 1991

$984,900

List Price

$3,360

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $307.78
  • 3 Days on Market
  • MLS # : 210002420
  • Updated Date : 02/27/2021 at 00:29
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,200 sqft
  • Baths : 3 full , 1 half
Listing Agent

Dickson Realty - Caughlin

Listing Agent's Description

Unique custom large family home nestled at the end of private driveway with remote controlled gate in the beautiful old southwest. Large secluded yard complete with Bocci Ball and horse shoe courts.plenty of add parking on new paver drive way. Extensive remodel included a chefs kitchen with gourmet range, double ovens and vent, 2 dishwashers, large kitchen island with integrated sink and on demand hot water dispenser. 2 Laundry rooms. New Lennox Furnace and Breeze Air cooling. Outdoor BBQ and Kitchen.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Skyline Boulevard

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500kPrice in $153k534k

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

Neighborhood: Skyline Boulevard

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q2120014001600180020002200240026002800Rent in $11802847

* 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
Swope Middle School Middle Magnet 704 24 NA
Reno High School High Regular 1,668 71 10
Swope Middle School Middle Unknown NA

Swope Middle School

  • Education Level: Middle
  • # of students: 704
  • # of teachers: 24
NA
GreatSchools Rating

Reno High School

  • Education Level: High
  • # of students: 1,668
  • # of teachers: 71
10
GreatSchools Rating

Swope Middle School

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

$886,410$1,083,390$984,900

PURCHASE PRICE

$3,024$3,696$3,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,360
EXPENSES Loan Payment -$3,421
Property Tax -$1,028
Property Insurance -$95
Property Management Fees -$119
CASH FLOW
-$1,303

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$984,900

PROJECTED PRICE

$3,360

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.04%
Appreciation Year (1-5) 11.1%
Maintenance Year (1-5) 8.00%
Vacancy 4.52%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$266,749

INVESTMENT

$266,749

Down Payment
$246,225
Rehab Estimate
$5,750
Closing Costs
$14,774

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,421

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $246,225
Loan Amount $738,675
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$205

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
  • $3,888

    COMP ESTIMATED VALUE
  • $1.21

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,9503$4,200
$4,200
RENT COMPS ANALYSIS
  • 840 Rosewood Drive Reno, NV 1
    • 5 beds 4 baths ∙ 3,200 Sqft ∙ Built 1991 5 beds 4 baths ∙ 3,200 Sqft ∙ Built 1991
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1735 Mcnevin Ct. Reno, NV 2
    • 4 beds 4 baths ∙ 3,468 Sqft ∙ Built 1977 4 beds 4 baths ∙ 3,468 Sqft ∙ Built 1977
    property image
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $1.14
    •  
  • 3433 Eagle Ridge Reno, NV 3
    • 5 beds 4 baths ∙ 3,250 Sqft ∙ Built 2004 5 beds 4 baths ∙ 3,250 Sqft ∙ Built 2004
    property image
    LEASED 12/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.29
    •  
PROPERTY LISTING DETAILS
Christopher Hieke
Dickson Realty - Caughlin
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 210002420
Last Updated: 02/27/2021
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