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1470 Rayburn Drive Reno, NV 89503

3 Beds 2 Baths 1,296 sqft Built 1966

$353,000

List Price

$1,640

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 16, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1966
  • Price/Sqft : $272.38
  • 7 Days on Market
  • MLS # : 200015904
  • Updated Date : 11/21/2020 at 00:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,296 sqft
  • Baths : 2 full
Listing Agent

Dickson Realty - Damonte Ranch

Listing Agent's Description

Cozy home in N.W. Reno with Sage xeriscape front yard creating a native habitat. Original hardwood floors under carpeting. New one year old roof and newer vinyl windows throughout. Private backyard with patio, rock retaining wall, native plants, perennials, two large ash trees and 2 storage sheds. This well maintained home is a must see.

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
 

$317,700$388,300$353,000

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$1,302
Property Tax -$290
Property Insurance -$55
Property Management Fees -$119
CASH FLOW
-$126

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.

$353,000

PROJECTED PRICE

$1,640

PROJECTED RENT

0.46%

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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$99,295

INVESTMENT

$99,295

Down Payment
$88,250
Rehab Estimate
$5,750
Closing Costs
$5,295

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,302

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $88,250
Loan Amount $264,750
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$14,629

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
  • $1,737

    COMP ESTIMATED VALUE
  • $1.34

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6003$1,7004$1,900
$1,900
RENT COMPS ANALYSIS
  • 1470 Rayburn Drive Reno, NV 1
    • 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 1966 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 1966
    • 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
    •  
  • 5340 Andorra Ct. Reno, NV 4
    • 3 beds 2 baths ∙ 1,304 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,304 Sqft ∙ Built 1986
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.46
    •  
PROPERTY LISTING DETAILS
Linda Moore
Dickson Realty - Damonte Ranch
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200015904
Last Updated: 11/21/2020
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