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9521 Black Bear Drive Reno, NV 89506

4 Beds 3 Baths 2,122 sqft Built 2001

$439,000

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $206.88
  • 39 Days on Market
  • MLS # : 200015129
  • Updated Date : 12/06/2020 at 06:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,122 sqft
  • Baths : 2 full , 1 half
Listing Agent

Alder Properties

Listing Agent's Description

You'll love this four bedroom, two and a half bathroom, 2,122 sq. ft. floorplan complete with a nice backyard. The sizable kitchen boasts plenty of cabinet and counter space plus a great island and a perfect view of the backyard. You're only a few minutes from conveniences including Walmart, Smiths, CVS, Qdoba and so much more. This lovely home could be yours, just give Linda a call today for more details and a viewing.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sky Vista Village

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $102k347k

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

Neighborhood: Sky Vista Village

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q21000110012001300140015001600170018001900Rent in $9911912

* 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
Stead Elementary School Primary Regular 701 42 4
Stead Elementary School Middle Regular 701 42 4
North Valleys High School High Regular 2,061 96 3

Stead Elementary School

  • Education Level: Primary
  • # of students: 701
  • # of teachers: 42
4
GreatSchools Rating

Stead Elementary School

  • Education Level: Middle
  • # of students: 701
  • # of teachers: 42
4
GreatSchools Rating

North Valleys High School

  • Education Level: High
  • # of students: 2,061
  • # of teachers: 96
3
GreatSchools Rating
 

$395,100$482,900$439,000

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,620
Property Tax -$683
Property Insurance -$72
Property Management Fees -$119
CASH FLOW
-$494

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$439,000

PROJECTED PRICE

$2,000

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.73%
Appreciation Year (1-5) 11.1%
Maintenance Year (1-5) 8.00%
Vacancy 4.08%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$122,085

INVESTMENT

$122,085

Down Payment
$109,750
Rehab Estimate
$5,750
Closing Costs
$6,585

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,620

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $109,750
Loan Amount $329,250
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$925

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $2,069

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,9503$1,9954$2,0005$2,195
$2,195
RENT COMPS ANALYSIS
  • 9521 Black Bear Drive Reno, NV 4
    • 4 beds 3 baths ∙ 2,122 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,122 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.94
    •  
  • 11585 Desert Bloom Reno, NV 1
    • 3 beds 2 baths ∙ 1,804 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,804 Sqft ∙ Built 2001
    property image
    LEASED 05/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.94
    •  
  • 7744 Tulear Street Reno, NV 2
    • 3 beds 3 baths ∙ 2,108 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,108 Sqft ∙ Built 2005
    property image
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.93
    •  
  • 9416 Long River Reno, NV 3
    • 3 beds 2 baths ∙ 1,803 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,803 Sqft ∙ Built 2002
    property image
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.11
    •  
  • 14341 Durham Dr Reno, NV 5
    • 4 beds 3 baths ∙ 2,376 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,376 Sqft ∙ Built 2018
    property image
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.92
    •  
PROPERTY LISTING DETAILS
Linda Church
Alder Properties
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200015129
Last Updated: 12/06/2020
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