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9219 Sassafras Trail Reno, NV 89523

2 Beds 2 Baths 1,636 sqft Built 2015

INVESTimate

$479,000

List Price

$2,000

$1,800 - $2,200

Rent Est.

$519,428  ( +8.44%)   1 YR EST. FORECAST

PROPERTY INFO

August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 2015
  • Price/Sqft : $292.79
  • 8 Days on Market
  • MLS # : 200011406
  • Updated Date : 08/24/2020 at 06:16
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,636 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Select Reno

Listing Agent's Description

Stunning Northstar model in 55+ Del Webb community in NW Reno w/2BR+Den, 2BA, great room & separate laundry. Exterior upgrades incl courtyard, covered back patio, fully landscaped w/auto sprinklers, extra-wide drive, extended garage & full-wrap gutters. Interior upgrades incl hardwood floors, crown molding, cherry cabinets, granite slab, bay window & custom closet. Electrical upgrades incl under cabinet lighting, recessed LED lights & 4 ceiling fans. Chef’s kitchen w/SS appliances, breakfast bar & pantry.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sierra Canyon at Somersett Village

NeighborhoodNIR Market*CityMarket2010Year20002019160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $153k439k

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

Neighborhood: Sierra Canyon at Somersett Village

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q212001300140015001600170018001900200021002200Rent in $11802208

* 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
Westergard Elementary School Primary Regular 638 31 7
Billinghurst Middle School Middle Regular 931 44 NA
Mcqueen High School High Regular 1,828 83 10

Westergard Elementary School

  • Education Level: Primary
  • # of students: 638
  • # of teachers: 31
7
GreatSchools Rating

Billinghurst Middle School

  • Education Level: Middle
  • # of students: 931
  • # of teachers: 44
NA
GreatSchools Rating

Mcqueen High School

  • Education Level: High
  • # of students: 1,828
  • # of teachers: 83
10
GreatSchools Rating
 

$431,100$526,900$479,000

PURCHASE PRICE

$1,800$2,200$2,000

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-$5.0k$0.0$5.0k$10k

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,767
Property Tax -$318
Property Insurance -$62
HOA -$124
Property Management Fees -$119
CASH FLOW
-$390

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.

$479,000

PROJECTED PRICE

$2,000

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.04%
Appreciation Year (1-5) 8.44%
Maintenance Year (1-5) 8.00%
Vacancy 4.52%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$132,685

INVESTMENT

$132,685

Down Payment
$119,750
Rehab Estimate
$5,750
Closing Costs
$7,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,767

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $119,750
Loan Amount $359,250
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$6,885

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
  • $2,094

    COMP ESTIMATED VALUE
  • $1.28

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,0003$2,200
$2,200
RENT COMPS ANALYSIS
  • 9219 Sassafras Trail Reno, 1
    • 2 beds 2 baths ∙ 1,636 Sqft ∙ Built 2015 2 beds 2 baths ∙ 1,636 Sqft ∙ Built 2015
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1320 Wakefield Trail Reno, 2
    • 2 beds 2 baths ∙ 1,636 Sqft ∙ Built 2015 2 beds 2 baths ∙ 1,636 Sqft ∙ Built 2015
    property image
    LEASED 10/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.22
    •  
  • 1180 Cliff Park Way #reno Nv 89523 Reno, 3
    • 2 beds 2 baths ∙ 1,644 Sqft ∙ Built 2006 2 beds 2 baths ∙ 1,644 Sqft ∙ Built 2006
    property image
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.34
    •  
PROPERTY LISTING DETAILS
Ellen Smith
Coldwell Banker Select Reno
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200011406
Last Updated: 08/24/2020
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