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9900 Wilbur May Pkwy #4803 Reno, NV 89521

3 Beds 2 Baths 2,428 sqft Built 2004

$599,000

List Price

$2,290

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $246.71
  • 2 Days on Market
  • MLS # : 210003226
  • Updated Date : 03/14/2021 at 02:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,428 sqft
  • Baths : 2 full
Listing Agent

Trans-action Realty 500

Listing Agent's Description

A true gem would perfectly describe this second floor unit in the one and only Fleur De Lis. Lots of natural light throughout, the kitchen is very open and flows perfectly into the spacious hard wood floors in the living area that are grandfathered in. There is a spectacular wine cellar off of the hallway, this unit is truly one of a kind. Beautiful granite counter tops in the kitchen, custom closets in the master and spare, and a deck that overlooks two ponds w/ fountains, don't miss out on this one!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Fleur de Lis

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450kPrice in $153k468k

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

Neighborhood: Fleur de Lis

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q2110012001300140015001600170018001900200021002200Rent in $10292208

* 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 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:
  • # of teachers:
NA
GreatSchools Rating

Damonte Ranch High School

  • Education Level: High
  • # of students: 1,617
  • # of teachers: 70
8
GreatSchools Rating
 

$539,100$658,900$599,000

PURCHASE PRICE

$2,061$2,519$2,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,290
EXPENSES Loan Payment -$2,081
Property Tax -$18
Property Insurance -$79
HOA -$631
Property Management Fees -$119
CASH FLOW
-$637

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$599,000

PROJECTED PRICE

$2,290

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.04%
Appreciation Year (1-5) 7.4%
Maintenance Year (1-5) 8.00%
Vacancy 4.52%
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$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,485

INVESTMENT

$164,485

Down Payment
$149,750
Rehab Estimate
$5,750
Closing Costs
$8,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,081

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $149,750
Loan Amount $449,250
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,533

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
  • $2,525

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,3003$2,3954$2,500
$2,500
RENT COMPS ANALYSIS
  • 9900 Wilbur May Pkwy #4803 Reno, NV 1
    • 3 beds 2 baths ∙ 2,428 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,428 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10131 Mesa Cortona Drive Reno, NV 2
    • 4 beds 3 baths ∙ 2,178 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,178 Sqft ∙ Built 2015
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.06
    •  
  • 9717 Belville Drive Reno, NV 3
    • 3 beds 3 baths ∙ 2,170 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,170 Sqft ∙ Built 2019
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.10
    •  
  • 9808 Bridgeview Drive Reno, NV 4
    • 3 beds 3 baths ∙ 2,608 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,608 Sqft ∙ Built 2002
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.96
    •  
PROPERTY LISTING DETAILS
Randy Brus
Trans-action Realty 500
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 210003226
Last Updated: 03/14/2021
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