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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $178.04
- 4 Days on Market
- MLS # : 210001111
- Updated Date : 01/30/2021 at 21:54
CONSTRUCTION
- Beds : 3
- Floor Size : 2,190 sqft
- Baths : 2 full , 1 half
Listing Agent
Ferrari-lund Real Estate Reno
Listing Agent's Description
Well maintained Stead property for under 400k! 3 large bedrooms and a nice loft provide plenty of room to grow and play. Fully landscaped with sprinklers and drip system, large extended driveway for RV's, and a greenbelt on two sides of the house for added privacy! Don't miss this opportunity.
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PRICE & RENT TRENDS
Neighborhood: Sky Vista Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sky Vista Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,940 |
| EXPENSES | Loan Payment | -$1,354 |
| Property Tax | -$671 | |
| Property Insurance | -$74 | |
| HOA | -$90 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$368
|
||
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.
$389,900
PROJECTED PRICE
$1,940
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$109,074
LOAN DETAILS
$1,354
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $97,475 |
| Loan Amount | $292,425 |
0.67
YEARS SAVED
$926
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$2,161
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 07/08/20- Rent
- Rent Per SQFT
- $1,950
- $0.93
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9617 Nautical Mile Reno, NV 3
- 4 beds 3 baths ∙ 1,895 Sqft ∙ Built 2020 4 beds 3 baths ∙ 1,895 Sqft ∙ Built 2020
![property image]()
LEASED 01/07/21- Rent
- Rent Per SQFT
- $2,095
- $1.11
-
14341 Durham Dr Reno, NV 4
- 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
Ferrari-lund Real Estate Reno
1.866.250.5610
Mynd Property Management
1453579
MLS #: 210001111
Last Updated: 01/30/2021
