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1439 Exeter Way Reno, NV 89503

3 Beds 2 Baths 1,176 sqft Built 1965

$349,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1965
  • Price/Sqft : $296.77
  • 6 Days on Market
  • MLS # : 210000380
  • Updated Date : 01/13/2021 at 22:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,176 sqft
  • Baths : 2 full
Listing Agent

George Hatjakes Realty & Inv.

Listing Agent's Description

Adorable home alert! This home features original hardwood floors, mature trees, and an open kitchen/living area. Close to UNR and downtown. This listing will sell quickly, schedule your showing today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sierra Heights

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $117k347k

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

Neighborhood: Sierra Heights

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q2110012001300140015001600170018001900Rent in $10251912

* 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
 

$314,100$383,900$349,000

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 -$1,212
Property Tax -$283
Property Insurance -$52
Property Management Fees -$119
CASH FLOW
-$7

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.

$349,000

PROJECTED PRICE

$1,660

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.70%
Appreciation Year (1-5) 14.6%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$98,235

INVESTMENT

$98,235

Down Payment
$87,250
Rehab Estimate
$5,750
Closing Costs
$5,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,212

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,250
Loan Amount $261,750
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$20,120

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
  • $1,505

    COMP ESTIMATED VALUE
  • $1.28

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6003$1,700
$1,700
RENT COMPS ANALYSIS
  • 1439 Exeter Way Reno, NV 1
    • 3 beds 2 baths ∙ 1,176 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,176 Sqft ∙ Built 1965
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1442 Surf Way Reno, NV 2
    • 3 beds 2 baths ∙ 1,176 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,176 Sqft ∙ Built 1965
    LEASED 05/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.36
    •  
  • 1785 W 6th St Reno, NV 3
    • 3 beds 2 baths ∙ 1,414 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,414 Sqft ∙ Built 1960
    LEASED 08/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.20
    •  
PROPERTY LISTING DETAILS
Zac Hatjakes
George Hatjakes Realty & Inv.
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 210000380
Last Updated: 01/13/2021
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