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9580 Brightridge Dr Reno, NV 89506

4 Beds 3 Baths 1,783 sqft Built 2000

$400,000

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $224.34
  • 6 Days on Market
  • MLS # : 210002129
  • Updated Date : 02/25/2021 at 06:11
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,783 sqft
  • Baths : 2 full , 1 half
Listing Agent

Sierra Nevada Properties-reno

Listing Agent's Description

4 Bedroom, 2.5 bath in Sky Vista Community. Upgraded counters in kitchen and stainless steel appliances. Fridge in kitchen and washer/dryer included with property. Electric fireplace in master bedroom included as well. Awning over the patio is a recent addition, great for enjoying the backyard.

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
O'brien Stem Academy Middle Regular 684 32 NA
North Valleys High School High Regular 2,061 96 3
O'brien Stem Academy Middle Unknown NA

O'brien Stem Academy

  • Education Level: Middle
  • # of students: 684
  • # of teachers: 32
NA
GreatSchools Rating

North Valleys High School

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

O'brien Stem Academy

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$360,000$440,000$400,000

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$1,389
Property Tax -$610
Property Insurance -$65
HOA -$80
Property Management Fees -$119
CASH FLOW
-$433

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.

$400,000

PROJECTED PRICE

$1,830

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,750

INVESTMENT

$111,750

Down Payment
$100,000
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $100,000
Loan Amount $300,000
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$479

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
  • $1,935

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7953$1,8504$1,9955$2,095
$2,095
RENT COMPS ANALYSIS
  • 9580 Brightridge Dr Reno, NV 1
    • 4 beds 3 baths ∙ 1,783 Sqft ∙ Built 2000 4 beds 3 baths ∙ 1,783 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9225 Moonset Court Reno, NV 2
    • 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 2004
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.09
    •  
  • 11585 Desert Bloom Dr. Reno, NV 3
    • 4 beds 2 baths ∙ 1,804 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,804 Sqft ∙ Built 2001
    LEASED 10/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.03
    •  
  • 9416 Long River Reno, NV 4
    • 3 beds 2 baths ∙ 1,803 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,803 Sqft ∙ Built 2002
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.11
    •  
  • 9617 Nautical Mile Reno, NV 5
    • 4 beds 3 baths ∙ 1,895 Sqft ∙ Built 2020 4 beds 3 baths ∙ 1,895 Sqft ∙ Built 2020
    LEASED 01/07/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.11
    •  
PROPERTY LISTING DETAILS
Jessica Torres
Sierra Nevada Properties-reno
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 210002129
Last Updated: 02/25/2021
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