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1321 Plumas Reno, NV 89509

2 Beds 2 Baths 1,346 sqft Built 1940

$515,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1940
  • Price/Sqft : $382.62
  • 6 Days on Market
  • MLS # : 210003028
  • Updated Date : 03/10/2021 at 18:30
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,346 sqft
  • Baths : 2 full
Listing Agent

Nolan Realty And Investments

Listing Agent's Description

Tastefully Updated 1940’s Brick Bungalow located in prestigious “Old South West Reno Mid-Town district”. Walking distance to Dining, Shops, Parks. Main floor approx. 952 sf with gleaming Hardwood Floors. Finished basement with 2nd full bath approx. 394 plus approx.240 sf. unfinished laundry room & storage. Even the Garage is Paneled! Look No Further. You will Love living here.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Western

NeighborhoodNIR Market*CityMarket2010Year20002019160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $153k439k

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

Neighborhood: Western

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q212001300140015001600170018001900200021002200Rent in $11802208

* 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
Swope Middle School Middle Magnet 704 24 NA
Reno High School High Regular 1,668 71 10
Swope Middle School Middle Unknown NA

Swope Middle School

  • Education Level: Middle
  • # of students: 704
  • # of teachers: 24
NA
GreatSchools Rating

Reno High School

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

Swope Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$463,500$566,500$515,000

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$1,789
Property Tax -$362
Property Insurance -$56
Property Management Fees -$119
CASH FLOW
-$665

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.

$515,000

PROJECTED PRICE

$1,660

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.04%
Appreciation Year (1-5) 10.6%
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

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$142,225

INVESTMENT

$142,225

Down Payment
$128,750
Rehab Estimate
$5,750
Closing Costs
$7,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,789

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $128,750
Loan Amount $386,250
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$310

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
  • $1,669

    COMP ESTIMATED VALUE
  • $1.24

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3733$1,6504$1,7005$2,000
$2,000
RENT COMPS ANALYSIS
  • 1321 Plumas Reno, NV 1
    • 2 beds 2 baths ∙ 1,346 Sqft ∙ Built 1940 2 beds 2 baths ∙ 1,346 Sqft ∙ Built 1940
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 506 Modoc Avenue Reno, NV 2
    • 2 beds 1 baths ∙ 1,100 Sqft ∙ Built 1937 2 beds 1 baths ∙ 1,100 Sqft ∙ Built 1937
    LEASED 01/06/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,373
    • $1.25
    •  
  • 1214 Gordon Avenue Reno, NV 3
    • 2 beds 2 baths ∙ 1,288 Sqft ∙ Built 1950 2 beds 2 baths ∙ 1,288 Sqft ∙ Built 1950
    LEASED 02/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.28
    •  
  • 339 Roberts Reno, NV 4
    • 2 beds 2 baths ∙ 1,379 Sqft ∙ Built 1921 2 beds 2 baths ∙ 1,379 Sqft ∙ Built 1921
    LEASED 04/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.23
    •  
  • 1374 Lander Reno, NV 5
    • 2 beds 2 baths ∙ 1,671 Sqft ∙ Built 1939 2 beds 2 baths ∙ 1,671 Sqft ∙ Built 1939
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.20
    •  
PROPERTY LISTING DETAILS
Michael Nolan
Nolan Realty And Investments
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 210003028
Last Updated: 03/10/2021
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