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9317 Mayfair Way #homesite 61 #Homesite 61 Reno, NV 89521

4 Beds 3 Baths 2,889 sqft Built 2020

$693,995

List Price

$3,050

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
December 01, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $240.22
  • 7 Days on Market
  • MLS # : 200016307
  • Updated Date : 12/05/2020 at 06:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,889 sqft
  • Baths : 3 full
Listing Agent

Re/max Professionals

Listing Agent's Description

Love everything about this home! This Bryce floorplan at Mason Ridge has a gourmet kitchen that truly makes a statement with its premium finishes, upgraded gray cabinets, white quartz countertops and stainless steel appliances. The primary bedroom features dual walk-in closets and a spa-like primary bath. The second floor offers a versatile loft space that can be suited to your needs. Upgraded hardwood flooring flows throughout the first floor. Photo is rendering only not actual home or homesite.

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PRICE & RENT TRENDS

Neighborhood: Virginia Footills

NeighborhoodNIR Market*CityMarket2010Year20002019160k180k200k220k240k260k280k300k320k340k360k380k400k420k440kPrice in $153k447k

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

Neighborhood: Virginia Footills

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q212001300140015001600170018001900200021002200Rent in $11802212

* 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
Double Diamond Elementary School Primary Regular 849 40 7
Depoali Middle School Middle Unknown 1,135 53 NA
Damonte Ranch High School High Regular 1,617 70 8

Double Diamond Elementary School

  • Education Level: Primary
  • # of students: 849
  • # of teachers: 40
7
GreatSchools Rating

Depoali Middle School

  • Education Level: Middle
  • # of students: 1,135
  • # of teachers: 53
NA
GreatSchools Rating

Damonte Ranch High School

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

$624,596$763,395$693,995

PURCHASE PRICE

$2,745$3,355$3,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,050
EXPENSES Loan Payment -$2,561
Property Tax -$248
Property Insurance -$88
HOA -$84
Property Management Fees -$119
CASH FLOW
-$50

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 8% of earned rent to cover both maintenance and periods of vacancy.

$693,995

PROJECTED PRICE

$3,050

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.04%
Appreciation Year (1-5) 10.3%
Maintenance Year (1-5) 3.00%
Vacancy 4.52%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$185,909

INVESTMENT

$185,909

Down Payment
$173,499
Rehab Estimate
$2,000
Closing Costs
$10,410

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,561

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $173,499
Loan Amount $520,496
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$51,179

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
  • $3,019

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,5003$2,6954$2,9505$3,800
$3,800
RENT COMPS ANALYSIS
  • 9317 Mayfair Way #homesite 61 Reno, NV 1
    • 4 beds 3 baths ∙ 2,889 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,889 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9808 Bridgeview Drive Reno, NV 2
    • 3 beds 3 baths ∙ 2,608 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,608 Sqft ∙ Built 2002
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.96
    •  
  • 2176 Gazala Lane Reno, NV 3
    • 3 beds 3 baths ∙ 2,687 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,687 Sqft ∙ Built 2018
    LEASED 09/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $1.00
    •  
  • 1985 Angel Ridge Drive Reno, NV 4
    • 4 beds 4 baths ∙ 2,938 Sqft ∙ Built 2014 4 beds 4 baths ∙ 2,938 Sqft ∙ Built 2014
    LEASED 07/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.00
    •  
  • 9460 Baldacci Reno, NV 5
    • 4 beds 4 baths ∙ 3,115 Sqft ∙ Built 2018 4 beds 4 baths ∙ 3,115 Sqft ∙ Built 2018
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.22
    •  
PROPERTY LISTING DETAILS
Michael Wood
Re/max Professionals
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200016307
Last Updated: 12/05/2020
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