Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

8583 Piper Place Reno, NV 89506

3 Beds 3 Baths 1,950 sqft Built 1992

INVESTimate

$359,000

List Price

$1,720

$1,548 - $1,892

Rent Est.

$405,706  ( +13.01%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1992
  • Price/Sqft : $184.10
  • 7 Days on Market
  • MLS # : 200011500
  • Updated Date : 08/25/2020 at 06:24
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,950 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty Boulevard

Listing Agent's Description

Welcome home. This newly remodeled, highly versatile, tri level home is everything you’ve been searching for! All new everything! Fresh paint, new carpet, new Silverton Oak Laminate flooring, new hardware and fixtures, the list goes on... Need a home office or 4th bedroom? This super functional floor plan can accomodate both! Need RV parking? We’ve got you covered, there too! Wired for security. A highly efficient Nest system has been recently installed. Upgraded vinyl siding, So many upgrades!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Leareno Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $102k347k

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

Neighborhood: Leareno Estates

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q21000110012001300140015001600170018001900Rent in $9691912

* 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
 

$323,100$394,900$359,000

PURCHASE PRICE

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

RENT

DOWN PAYMENT
FINANCING

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$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$1,325
Property Tax -$198
Property Insurance -$69
Property Management Fees -$119
CASH FLOW
$10

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.

$359,000

PROJECTED PRICE

$1,720

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.73%
Appreciation Year (1-5) 13.01%
Maintenance Year (1-5) 8.00%
Vacancy 4.08%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$100,885

INVESTMENT

$100,885

Down Payment
$89,750
Rehab Estimate
$5,750
Closing Costs
$5,385

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,325

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $89,750
Loan Amount $269,250
See What Happens When You Reinvest Cash Flow

6

YEARS SAVED

$28,446

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
  • $1,828

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6953$1,7004$1,8505$1,950
$1,950
RENT COMPS ANALYSIS
  • 8583 Piper Place Reno, 1
    • 3 beds 3 baths ∙ 1,950 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,950 Sqft ∙ Built 1992
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9990 Brightridge Drive Reno, 2
    • 3 beds 3 baths ∙ 1,742 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,742 Sqft ∙ Built 2000
    property image
    LEASED 06/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.97
    •  
  • 11585 Desert Bloom Reno, 3
    • 3 beds 2 baths ∙ 1,804 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,804 Sqft ∙ Built 2001
    property image
    LEASED 05/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.94
    •  
  • 9245 Red Baron Reno, 4
    • 4 beds 3 baths ∙ 2,130 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,130 Sqft ∙ Built 2005
    property image
    LEASED 10/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.87
    •  
  • 8558 Turtle Creek Cir Reno, 5
    • 4 beds 3 baths ∙ 2,016 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,016 Sqft ∙ Built 1995
    property image
    LEASED 04/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.97
    •  
PROPERTY LISTING DETAILS
Jenna Rieli
Realty Boulevard
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200011500
Last Updated: 08/25/2020
BESbswy