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1114 S Arlington Avenue Reno, NV 89509

3 Beds 2 Baths 1,928 sqft Built 1941

$529,000

List Price

$2,090

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1941
  • Price/Sqft : $274.38
  • 3 Days on Market
  • MLS # : 210000490
  • Updated Date : 01/15/2021 at 16:59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,928 sqft
  • Baths : 2 full
Listing Agent

Dickson Realty - Caughlin

Listing Agent's Description

Spacious and charming old SW brick cottage style home. So many special features as well as the charm of the past. Wood floors upstairs, wood burning fireplace, kitchen has been updated. Dining room & breakfast nook. There are two large bedrooms and bath on main floor. Basement included in SF has great natural light with good size windows, Large bedroom,full bath,office or den, & storage room. Charming yard & patio. Long driveway, over sized 1 car garage. Near all that downtown/Midtown Reno have to offer!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Reinmiller

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $102k382k

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

Neighborhood: Reinmiller

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
Mount Rose Elementary School Primary Regular 433 21 7
Mount Rose Elementary School Middle Regular 433 21 7
Reno High School High Regular 1,668 71 10

Mount Rose Elementary School

  • Education Level: Primary
  • # of students: 433
  • # of teachers: 21
7
GreatSchools Rating

Mount Rose Elementary School

  • Education Level: Middle
  • # of students: 433
  • # of teachers: 21
7
GreatSchools Rating

Reno High School

  • Education Level: High
  • # of students: 1,668
  • # of teachers: 71
10
GreatSchools Rating
 

$476,100$581,900$529,000

PURCHASE PRICE

$1,881$2,299$2,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,090
EXPENSES Loan Payment -$1,837
Property Tax -$394
Property Insurance -$68
Property Management Fees -$119
CASH FLOW
-$328

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.

$529,000

PROJECTED PRICE

$2,090

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.73%
Appreciation Year (1-5) 10.6%
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$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

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$145,935

INVESTMENT

$145,935

Down Payment
$132,250
Rehab Estimate
$5,750
Closing Costs
$7,935

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,837

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $132,250
Loan Amount $396,750
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$9,244

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
  • $2,185

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7003$1,9954$2,500
$2,500
RENT COMPS ANALYSIS
  • 1114 S Arlington Avenue Reno, NV 1
    • 3 beds 2 baths ∙ 1,928 Sqft ∙ Built 1941 3 beds 2 baths ∙ 1,928 Sqft ∙ Built 1941
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1213 Gordon Reno, NV 2
    • 4 beds 2 baths ∙ 1,780 Sqft ∙ Built 1950 4 beds 2 baths ∙ 1,780 Sqft ∙ Built 1950
    LEASED 07/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.96
    •  
  • 1690 Wilbur Place Reno, NV 3
    • 3 beds 2 baths ∙ 1,580 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,580 Sqft ∙ Built 1955
    LEASED 02/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.26
    •  
  • 609 Imperial Blvd Reno, NV 4
    • 3 beds 3 baths ∙ 2,120 Sqft ∙ Built 1934 3 beds 3 baths ∙ 2,120 Sqft ∙ Built 1934
    LEASED 09/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.18
    •  
PROPERTY LISTING DETAILS
Carol Bond
Dickson Realty - Caughlin
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 210000490
Last Updated: 01/15/2021
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