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2490 Manzanita Ln, Reno, NV 89509

4 beds • 8 baths • 19347 sqft

$13,950,000

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This property looks like a bad Long-Term investment with a projected -32.56% first-year return on $2930k initial cash invested.

-32.56%

Cash On Cash

-0.9%

Cap Rate

-0.15

DSCR

$6,800

Rent

-$79,475

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$13950k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$2930k

Downpayment

20%

$2790k

Closing costs

1%

$140k

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$6,800

Total Expenses

$86,275

Mortgage P&I

1011%

$68,714

Property Taxes

160%

$10,911

Home Insurance

72%

$4,882

HOA

0%

$0

Property Management

10%

$680

CapEx

5%

$340

Vacancy

6%

$408

Maintenance

5%

$340

Other

0%

$0

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Comparable Property

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SQFT

Distance

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0.5 mi

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1.3 mi

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2

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5

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0.6 mi

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2

1

2020

0.9 mi

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$2,850

5

4

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0.6 mi

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$1,100

2

1

2020

0.9 mi

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$2,850

5

4

3030

0.6 mi

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