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8957 Wynne Reno, NV 89506

4 Beds 3 Baths 2,259 sqft Built 2006

$405,000

List Price

$1,960

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $179.28
  • 2 Days on Market
  • MLS # : 210000872
  • Updated Date : 01/23/2021 at 19:20
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,259 sqft
  • Baths : 3 full
Listing Agent

Ferrari-lund Real Estate Reno

Listing Agent's Description

Spacious and well-kept family home with plenty of room for everybody and a three car garage! This floor plan offers three full bathrooms with one bedroom plus a master on the main level and a master retreat for an office or private reading/relaxing. Upstairs includes another two bedrooms and a full bath with double sinks. Attractive wood flooring throughout and a large kitchen with plenty of counter space makes preparing meals a dream.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Stonefield

NeighborhoodNIR Market*CityMarket2010Year20002019160k180k200k220k240k260k280k300k320k340kPrice in $140k347k

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

Neighborhood: Stonefield

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q212001300140015001600170018001900Rent in $11081912

* 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
Lemmon Valley Elementary School Primary Regular 687 39 3
Lemmon Valley Elementary School Middle Regular 687 39 3
North Valleys High School High Regular 2,061 96 3

Lemmon Valley Elementary School

  • Education Level: Primary
  • # of students: 687
  • # of teachers: 39
3
GreatSchools Rating

Lemmon Valley Elementary School

  • Education Level: Middle
  • # of students: 687
  • # of teachers: 39
3
GreatSchools Rating

North Valleys High School

  • Education Level: High
  • # of students: 2,061
  • # of teachers: 96
3
GreatSchools Rating
 

$364,500$445,500$405,000

PURCHASE PRICE

$1,764$2,156$1,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,960
EXPENSES Loan Payment -$1,407
Property Tax -$822
Property Insurance -$75
HOA -$20
Property Management Fees -$119
CASH FLOW
-$483

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.

$405,000

PROJECTED PRICE

$1,960

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.70%
Appreciation Year (1-5) 14.1%
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$113,075

INVESTMENT

$113,075

Down Payment
$101,250
Rehab Estimate
$5,750
Closing Costs
$6,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,407

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $101,250
Loan Amount $303,750
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$115

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
  • $2,048

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8503$1,9504$2,195
$2,195
RENT COMPS ANALYSIS
  • 8957 Wynne Reno, NV 1
    • 4 beds 3 baths ∙ 2,259 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,259 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9245 Red Baron Reno, NV 2
    • 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
    •  
  • 7744 Tulear Street Reno, NV 3
    • 3 beds 3 baths ∙ 2,108 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,108 Sqft ∙ Built 2005
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.93
    •  
  • 14341 Durham Dr Reno, NV 4
    • 4 beds 3 baths ∙ 2,376 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,376 Sqft ∙ Built 2018
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.92
    •  
PROPERTY LISTING DETAILS
Regina Lockwood
Ferrari-lund Real Estate Reno
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 210000872
Last Updated: 01/23/2021
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