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9255 Copper Mountain Circle Reno, NV 89523

3 Beds 2 Baths 2,496 sqft Built 2008

INVESTimate

$625,000

List Price

$2,630

$2,380 - $2,880

Rent Est.

$677,750  ( +8.44%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2008
  • Price/Sqft : $250.40
  • 10 Days on Market
  • MLS # : 200011288
  • Updated Date : 08/24/2020 at 19:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,496 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Group One Inc.

Listing Agent's Description

This spacious 3 bedroom +office, 2 bath home located in Del Webb at Sierra Canyon has an inviting open floor plan with an extended outdoor patio making this a perfect home for entertaining. The large windows allow for beautiful mountain views with lots of natural light. Kitchen/nook and office built-ins provide lots of useful storage space. Freshly painted exterior in 2019 and new 50 gallon water heater installed 2016. Garage floor recently sealed and painted to allow for easy cleaning.

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
 

$562,500$687,500$625,000

PURCHASE PRICE

$2,367$2,893$2,630

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,630
EXPENSES Loan Payment -$2,306
Property Tax -$361
Property Insurance -$80
HOA -$110
Property Management Fees -$119
CASH FLOW
-$346

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.

$625,000

PROJECTED PRICE

$2,630

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$171,375

INVESTMENT

$171,375

Down Payment
$156,250
Rehab Estimate
$5,750
Closing Costs
$9,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,306

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $156,250
Loan Amount $468,750
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$18,576

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
  • $2,471

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,4953$2,8004$2,850
$2,850
RENT COMPS ANALYSIS
  • 9255 Copper Mountain Circle Reno, 1
    • 3 beds 2 baths ∙ 2,496 Sqft ∙ Built 2008 3 beds 2 baths ∙ 2,496 Sqft ∙ Built 2008
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1579 Elk Run Trail Reno, 2
    • 3 beds 3 baths ∙ 2,582 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,582 Sqft ∙ Built 2017
    property image
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.97
    •  
  • 9040 Boomtown Garson Verdi, 3
    • 3 beds 3 baths ∙ 2,819 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,819 Sqft ∙ Built 2018
    property image
    LEASED 05/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.99
    •  
  • 1870 Scott Valley Reno, 4
    • 3 beds 3 baths ∙ 2,809 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,809 Sqft ∙ Built 2007
    property image
    LEASED 10/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.01
    •  
PROPERTY LISTING DETAILS
Annette Junell
Keller Williams Group One Inc.
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200011288
Last Updated: 08/24/2020
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