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1315 Crown Drive Reno, NV 89503

4 Beds 2 Baths 1,809 sqft Built 1976

$399,900

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

December 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1976
  • Price/Sqft : $221.06
  • 5 Days on Market
  • MLS # : 200017144
  • Updated Date : 12/23/2020 at 22:24
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,809 sqft
  • Baths : 2 full
Listing Agent

Sierra Nevada Properties-mdtwn

Listing Agent's Description

Northwest Reno location, great for first time home buyers and college students, less than 10 mins from the University. RV parking, 2 car oversized garage with ample storage, plus an additional covered parking space on the side yard. Shed in backyard stays for added storage on this large lot. Exterior and interior recently painted, half of the windows have been upgraded to vinyl double pane, newer plank flooring downstairs with newer carpet in bedrooms. Kitchen boasts double oven with newer dishwasher. Cozy

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Royal Heights

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $131k347k

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

Neighborhood: Royal Heights

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q212001300140015001600170018001900Rent in $11081912

* 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
Towles Elementary School Primary Regular 353 21 7
Towles Elementary School Middle Regular 353 21 7
Mcqueen High School High Regular 1,828 83 10

Towles Elementary School

  • Education Level: Primary
  • # of students: 353
  • # of teachers: 21
7
GreatSchools Rating

Towles Elementary School

  • Education Level: Middle
  • # of students: 353
  • # of teachers: 21
7
GreatSchools Rating

Mcqueen High School

  • Education Level: High
  • # of students: 1,828
  • # of teachers: 83
10
GreatSchools Rating
 

$359,910$439,890$399,900

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,475
Property Tax -$345
Property Insurance -$66
Property Management Fees -$119
CASH FLOW
-$105

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.

$399,900

PROJECTED PRICE

$1,900

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.70%
Appreciation Year (1-5) 11.7%
Maintenance Year (1-5) 8.00%
Vacancy 4.04%
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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,724

INVESTMENT

$111,724

Down Payment
$99,975
Rehab Estimate
$5,750
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,475

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,975
Loan Amount $299,925
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$19,188

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
  • $2,031

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5953$1,8504$1,8955$2,100
$2,100
RENT COMPS ANALYSIS
  • 1315 Crown Drive Reno, NV 1
    • 4 beds 2 baths ∙ 1,809 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,809 Sqft ∙ Built 1976
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3949 Kings Row Reno, NV 2
    • 3 beds 3 baths ∙ 1,471 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,471 Sqft ∙ Built 1984
    property image
    LEASED 11/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.08
    •  
  • 3675 Pomo Drive Reno, NV 3
    • 3 beds 3 baths ∙ 1,668 Sqft ∙ Built 1972 3 beds 3 baths ∙ 1,668 Sqft ∙ Built 1972
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.11
    •  
  • 4438 Highplains Reno, NV 4
    • 3 beds 3 baths ∙ 1,743 Sqft ∙ Built 1993 3 beds 3 baths ∙ 1,743 Sqft ∙ Built 1993
    property image
    LEASED 09/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.09
    •  
  • 2470 Keystone Ave Reno, NV 5
    • 3 beds 3 baths ∙ 1,740 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,740 Sqft ∙ Built 1987
    property image
    LEASED 09/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.21
    •  
PROPERTY LISTING DETAILS
Samantha Saquella
Sierra Nevada Properties-mdtwn
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200017144
Last Updated: 12/23/2020
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