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

9175 Andraste Reno, NV 89506

3 Beds 3 Baths 2,108 sqft Built 2009

$380,000

List Price

$1,850

$1.7K - $2K

Rent Est.

PROPERTY INFO

February 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $180.27
  • 2 Days on Market
  • MLS # : 210001456
  • Updated Date : 02/07/2021 at 05:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,108 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Group One Inc.

Listing Agent's Description

Designed with entertaining and functionality in mind, this stunning Lemon Valley, 2-Story, 3 bedroom, 2.5 bath is the perfect starter home. The masterfully designed kitchen has granite counters is open to the cozy family room for entertaining and enjoying company.

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
O'brien Stem Academy Middle Regular 684 32 NA
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

O'brien Stem Academy

  • Education Level: Middle
  • # of students: 684
  • # of teachers: 32
NA
GreatSchools Rating

North Valleys High School

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

$342,000$418,000$380,000

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$1,320
Property Tax -$759
Property Insurance -$72
HOA -$30
Property Management Fees -$119
CASH FLOW
-$450

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.

$380,000

PROJECTED PRICE

$1,850

PROJECTED RENT

0.49%

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$106,450

INVESTMENT

$106,450

Down Payment
$95,000
Rehab Estimate
$5,750
Closing Costs
$5,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,320

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $95,000
Loan Amount $285,000
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$123

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
  • $1,950

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9503$2,195
$2,195
RENT COMPS ANALYSIS
  • 9175 Andraste Reno, NV 1
    • 3 beds 3 baths ∙ 2,108 Sqft ∙ Built 2009 3 beds 3 baths ∙ 2,108 Sqft ∙ Built 2009
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7744 Tulear Street Reno, NV 2
    • 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 3
    • 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
Shaina King
Keller Williams Group One Inc.
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 210001456
Last Updated: 02/07/2021
BESbswy