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9450 Flying Horse Rd #homesite 109 #Homesite 109 Reno, NV 89521

3 Beds 3 Baths 2,368 sqft Built 2020

$676,995

List Price

$2,210

$2K - $2.4K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $285.89
  • 3 Days on Market
  • MLS # : 200016479
  • Updated Date : 12/04/2020 at 23:29
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,368 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Professionals

Listing Agent's Description

This home is single-level living at its finest. The oversized kitchen island provides a centerpiece for entertaining. The breakfast area is adjacent to the kitchen and provides a convenient and intimate setting. Sizable secondary bedrooms feature a shared en-suite bathroom. The community is situated just minutes away from shopping, dining, and entertainment. Don't miss this opportunity-call today to schedule an appointment! Photo is rendering only, not actual home or homesite. Taxes are base off land only.

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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
 

$609,296$744,695$676,995

PURCHASE PRICE

$1,989$2,431$2,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,210
EXPENSES Loan Payment -$2,498
Property Tax -$350
Property Insurance -$77
HOA -$84
Property Management Fees -$119
CASH FLOW
-$918

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.

$676,995

PROJECTED PRICE

$2,210

PROJECTED RENT

0.33%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$181,404

INVESTMENT

$181,404

Down Payment
$169,249
Rehab Estimate
$2,000
Closing Costs
$10,155

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,498

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $169,249
Loan Amount $507,746
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$526

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,210

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $2,518

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,2103$2,3004$2,395
$2,395
RENT COMPS ANALYSIS
  • 9450 Flying Horse Rd #homesite 109 Reno, NV 2
    • 3 beds 3 baths ∙ 2,368 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,368 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,210
    • $0.93
    •  
  • 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 #: 200016479
Last Updated: 12/04/2020
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