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9050 Double R #225 Reno, NV 89521

2 Beds 2 Baths 1,477 sqft Built 2003

$369,900

List Price

$1,840

$1.7K - $2K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $250.44
  • 3 Days on Market
  • MLS # : 210000237
  • Updated Date : 01/10/2021 at 00:57
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,477 sqft
  • Baths : 2 full
Listing Agent

Ferrari-lund Real Estate South

Listing Agent's Description

This townhome is located in a quaint, gated community, Triana North, that offers easy access to freeways, shopping and great restaurants. This community has a pool, hot tub, playground, and community barbeque area. The 2/2 end unit townhome is in a wonderful, private location. Move-in ready home has an open and flowing floorplan with high ceilings, large loft area, gas fireplace, two separate patios and a spacious two-car garage with bonus storage area.

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PRICE & RENT TRENDS

Neighborhood: Palisades North Condominiums

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $127k439k

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

Neighborhood: Palisades North Condominiums

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q29001000110012001300140015001600170018001900200021002200Rent in $8892208

* 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
Donner Springs Elementary School Primary Regular 685 35 5
Donner Springs Elementary School Middle Regular 685 35 5
Damonte Ranch High School High Regular 1,617 70 8

Donner Springs Elementary School

  • Education Level: Primary
  • # of students: 685
  • # of teachers: 35
5
GreatSchools Rating

Donner Springs Elementary School

  • Education Level: Middle
  • # of students: 685
  • # of teachers: 35
5
GreatSchools Rating

Damonte Ranch High School

  • Education Level: High
  • # of students: 1,617
  • # of teachers: 70
8
GreatSchools Rating
 

$332,910$406,890$369,900

PURCHASE PRICE

$1,656$2,024$1,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,840
EXPENSES Loan Payment -$1,285
Property Tax -$11
Property Insurance -$59
HOA -$225
Property Management Fees -$119
CASH FLOW
$141

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.

$369,900

PROJECTED PRICE

$1,840

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.04%
Appreciation Year (1-5) 10.5%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,774

INVESTMENT

$103,774

Down Payment
$92,475
Rehab Estimate
$5,750
Closing Costs
$5,549

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,285

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $92,475
Loan Amount $277,425
See What Happens When You Reinvest Cash Flow

7.75

YEARS SAVED

$37,511

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
  • $1,876

    COMP ESTIMATED VALUE
  • $1.27

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6503$1,700
$1,700
RENT COMPS ANALYSIS
  • 9050 Double R #225 Reno, NV 1
    • 2 beds 2 baths ∙ 1,477 Sqft ∙ Built 2003 2 beds 2 baths ∙ 1,477 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1325 S Meadows #111 Reno, NV 2
    • 2 beds 2 baths ∙ 1,322 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,322 Sqft ∙ Built 2004
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.25
    •  
  • 9050 Double R Blvd #1412 Reno, NV 3
    • 2 beds 2 baths ∙ 1,322 Sqft ∙ Built 2003 2 beds 2 baths ∙ 1,322 Sqft ∙ Built 2003
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.29
    •  
PROPERTY LISTING DETAILS
Thuy Tran
Ferrari-lund Real Estate South
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 210000237
Last Updated: 01/10/2021
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