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8400 Osage Rd Reno, NV 89508

3 Beds 2 Baths 1,495 sqft Built 1978

$375,000

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $250.84
  • 3 Days on Market
  • MLS # : 200016442
  • Updated Date : 12/05/2020 at 00:47
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,495 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Select Reno

Listing Agent's Description

Great views!! Over 1 full acre with lots of space for toys and a fenced in area for the horses. Beautiful home with many updates throughout to include flooring, kitchen, and new paint. Highly sought after Silver Knolls community. Rare opportunity to have large property, mature landscaping, great home with peace and quite, yet so close to town and all your shopping amenities. Don't wait to set up showing.

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
 

$337,500$412,500$375,000

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$1,384
Property Tax -$385
Property Insurance -$59
Property Management Fees -$119
CASH FLOW
-$326

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.

$375,000

PROJECTED PRICE

$1,620

PROJECTED RENT

0.43%

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

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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,384

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$3,869

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
  • $1,600

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6953$2,100
$2,100
RENT COMPS ANALYSIS
  • 8400 Osage Rd Reno, NV 1
    • 3 beds 2 baths ∙ 1,495 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,495 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10585 Trailmaster Reno, NV 2
    • 3 beds 2 baths ∙ 1,782 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,782 Sqft ∙ Built 1985
    LEASED 01/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.95
    •  
  • 10570 Trailmaster Reno, NV 3
    • 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
Chris Yochum
Coldwell Banker Select Reno
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200016442
Last Updated: 12/05/2020
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