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1525 Geary Street Reno, NV 89503

4 Beds 2 Baths 1,594 sqft Built 1965

$410,000

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1965
  • Price/Sqft : $257.21
  • 3 Days on Market
  • MLS # : 200016694
  • Updated Date : 12/11/2020 at 21:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,594 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Group One Inc.

Listing Agent's Description

LOCATION!LOCATION!Highly desirable Old NW neighborhood 5 minutes to UNR,Schools,Shopping,Freeway,Parks,Trails. Established mature trees and landscaping. New Roof last year, New interior paint,New Carpet,New cooktop, newer Water Heater & A/C. Paver Driveway and side yard plus patio in back. Additional parking for trailer, boat or toys, and NO HOA! LOW TAXES!! Tuff Shed stays and Hot Tub has new filter and Cover. Washer, Dryer and Refrigerator all included with no warranty express or implied.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Monte Vista Estates

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $136k347k

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

Neighborhood: Monte Vista Estates

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
Peavine Elementary School Primary Regular 388 20 7
Peavine Elementary School Middle Regular 388 20 7
Reno High School High Regular 1,668 71 10

Peavine Elementary School

  • Education Level: Primary
  • # of students: 388
  • # of teachers: 20
7
GreatSchools Rating

Peavine Elementary School

  • Education Level: Middle
  • # of students: 388
  • # of teachers: 20
7
GreatSchools Rating

Reno High School

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

$369,000$451,000$410,000

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$1,513
Property Tax -$325
Property Insurance -$61
Property Management Fees -$119
CASH FLOW
-$158

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.

$410,000

PROJECTED PRICE

$1,860

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.70%
Appreciation Year (1-5) 13.0%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$114,400

INVESTMENT

$114,400

Down Payment
$102,500
Rehab Estimate
$5,750
Closing Costs
$6,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,513

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $102,500
Loan Amount $307,500
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$16,075

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
  • $1,745

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5953$1,850
$1,850
RENT COMPS ANALYSIS
  • 1525 Geary Street Reno, NV 1
    • 4 beds 2 baths ∙ 1,594 Sqft ∙ Built 1965 4 beds 2 baths ∙ 1,594 Sqft ∙ Built 1965
    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
    •  
PROPERTY LISTING DETAILS
Diane Heaton
Keller Williams Group One Inc.
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200016694
Last Updated: 12/11/2020
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