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9445 Flying Horse Rd #homesite 119 #Homesite 119 Reno, NV 89521

4 Beds 4 Baths 3,069 sqft Built 2020

$744,995

List Price

$2,780

$2.5K - $3K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $242.75
  • 3 Days on Market
  • MLS # : 200016481
  • Updated Date : 12/04/2020 at 23:48
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,069 sqft
  • Baths : 3 full , 1 half
Listing Agent

Re/max Professionals

Listing Agent's Description

Check out this beautifully crafted home with well-appointed interior finishes. Premium finishes in the kitchen white cabinets, and upgraded floors. Guests will enjoy the serenity and seclusion offered by the first-floor bedroom suite. The second-floor loft offers endless opportunities for a flexible space. 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.

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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
 

$670,496$819,495$744,995

PURCHASE PRICE

$2,502$3,058$2,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,780
EXPENSES Loan Payment -$2,749
Property Tax -$350
Property Insurance -$92
HOA -$84
Property Management Fees -$119
CASH FLOW
-$614

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.

$744,995

PROJECTED PRICE

$2,780

PROJECTED RENT

0.37%

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-$10k-$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$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$199,424

INVESTMENT

$199,424

Down Payment
$186,249
Rehab Estimate
$2,000
Closing Costs
$11,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,749

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $186,249
Loan Amount $558,746
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$11,284

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,780

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $3,591

    COMP ESTIMATED VALUE
  • $1.17

    COMP AVG. RENT PER SQFT
Comps Range
$2,780
1$2,7802$2,9503$3,7004$3,800
$3,800
RENT COMPS ANALYSIS
  • 9445 Flying Horse Rd #homesite 119 Reno, NV 1
    • 4 beds 4 baths ∙ 3,069 Sqft ∙ Built 2020 4 beds 4 baths ∙ 3,069 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,780
    • $0.91
    •  
  • 1985 Angel Ridge Drive Reno, NV 2
    • 4 beds 4 baths ∙ 2,938 Sqft ∙ Built 2014 4 beds 4 baths ∙ 2,938 Sqft ∙ Built 2014
    property image
    LEASED 07/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.00
    •  
  • 9885 Kerrydale Ct. Reno, NV 3
    • 4 beds 4 baths ∙ 2,876 Sqft ∙ Built 2014 4 beds 4 baths ∙ 2,876 Sqft ∙ Built 2014
    property image
    LEASED 09/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.29
    •  
  • 9460 Baldacci Reno, NV 4
    • 4 beds 4 baths ∙ 3,115 Sqft ∙ Built 2018 4 beds 4 baths ∙ 3,115 Sqft ∙ Built 2018
    property image
    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 #: 200016481
Last Updated: 12/04/2020
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