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PROPERTY INFO
FACTS
- Single Family
- Built In 1993
- Price/Sqft : $215.56
- 3 Days on Market
- MLS # : 210002034
- Updated Date : 02/20/2021 at 01:38
CONSTRUCTION
- Beds : 4
- Floor Size : 1,902 sqft
- Baths : 2 full , 1 half
Listing Agent
Ferrari-lund Real Estate Reno
Listing Agent's Description
This Darling 4BD/2.5BA two level home w/3 car Garage home has been meticulously cared for. Fabulous Remodeled Kitchen w/Custom Cabinets, Quartz Counters & Stainless Appliances. Wood-look Laminate floors in Kitchen & Dining area, & many updates throughout including remodeled bathrooms. Peek-a-Boo Mt. views from upper-level bedrooms. Covered paver patio with lovingly manicured front and back yards.
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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 | $1,820 |
| EXPENSES | Loan Payment | -$1,424 |
| Property Tax | -$557 | |
| Property Insurance | -$68 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$348
|
||
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.
$410,000
PROJECTED PRICE
$1,820
PROJECTED RENT
0.44%
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
$114,400
LOAN DETAILS
$1,424
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $102,500 |
| Loan Amount | $307,500 |
1.25
YEARS SAVED
$2,467
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
-
$1,864
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
-
8651 Silver Shores Dr. Reno, NV 1
- 4 beds 3 baths ∙ 1,902 Sqft ∙ Built 1993 4 beds 3 baths ∙ 1,902 Sqft ∙ Built 1993
- Rent
- Rent Per SQFT
- $0
- $0.00
-
9225 Moonset Court Reno, NV 2
- 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
-
9245 Red Baron Reno, NV 3
- 4 beds 3 baths ∙ 2,130 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,130 Sqft ∙ Built 2005
LEASED 10/08/19- Rent
- Rent Per SQFT
- $1,850
- $0.87
PROPERTY LISTING DETAILS
Ferrari-lund Real Estate Reno
1.866.250.5610
Mynd Property Management
1453579
MLS #: 210002034
Last Updated: 02/20/2021
