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

9425 Flying Horse Rd #homesite 121 #Homesite 121 Reno, NV 89521

3 Beds 4 Baths 2,350 sqft Built 2020

$697,995

List Price

$2,230

$2K - $2.5K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $297.02
  • 3 Days on Market
  • MLS # : 200016480
  • Updated Date : 12/04/2020 at 23:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,350 sqft
  • Baths : 3 full , 1 half
Listing Agent

Re/max Professionals

Listing Agent's Description

Your dream home is waiting. Prepping meals is a breeze with the large center island and ample counter space. The primary suite is in the back of the home for a more intimate, private setting. A versatile flex space offers unlimited possibilities. This home gives you easy access to major commuter routes. Don't miss this opportunity-call today to schedule an appointment! Photo is rendering only, not actual home or homesite. Taxes are based off land only. This home is estimated to be complete June 2021.

SEE MORE

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
 

$628,196$767,795$697,995

PURCHASE PRICE

$2,007$2,453$2,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,230
EXPENSES Loan Payment -$2,575
Property Tax -$350
Property Insurance -$77
HOA -$84
Property Management Fees -$119
CASH FLOW
-$975

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.

$697,995

PROJECTED PRICE

$2,230

PROJECTED RENT

0.32%

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-$15k-$10k-$5.0k$0.0$5.0k$10k

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$186,969

INVESTMENT

$186,969

Down Payment
$174,499
Rehab Estimate
$2,000
Closing Costs
$10,470

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,575

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $174,499
Loan Amount $523,496
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$390

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,230

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $2,499

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,2303$2,3004$2,395
$2,395
RENT COMPS ANALYSIS
  • 9425 Flying Horse Rd #homesite 121 Reno, NV 2
    • 3 beds 4 baths ∙ 2,350 Sqft ∙ Built 2020 3 beds 4 baths ∙ 2,350 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,230
    • $0.95
    •  
  • 1975 Dutch Draft Drive Reno, NV 1
    • 4 beds 3 baths ∙ 2,030 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,030 Sqft ∙ Built 2016
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.03
    •  
  • 10131 Mesa Cortona Drive Reno, NV 3
    • 4 beds 3 baths ∙ 2,178 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,178 Sqft ∙ Built 2015
    property image
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.06
    •  
  • 9717 Belville Drive Reno, NV 4
    • 3 beds 3 baths ∙ 2,170 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,170 Sqft ∙ Built 2019
    property image
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.10
    •  
PROPERTY LISTING DETAILS
Michael Wood
Re/max Professionals
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200016480
Last Updated: 12/04/2020
BESbswy