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1619 Knox Reno, NV 89509

2 Beds 1 Baths 1,372 sqft Built 1946

$455,000

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1946
  • Price/Sqft : $331.63
  • 6 Days on Market
  • MLS # : 210002126
  • Updated Date : 02/28/2021 at 06:14
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,372 sqft
  • Baths : 1 full
Listing Agent

Harcourts Nv1 Realty

Listing Agent's Description

Charming midtown vintage style home, just hit the market! This home has sustained that 1940's look, that you often can't find. From mosaic tile floors to the beautiful two-tone retro kitchen, it's undeniable you'll feel like you're in forties era. This home features a sizeable finished basement, single car garage and a spacious backyard, ready for your outdoor vision to come alive.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Southland Heights

NeighborhoodNIR Market*CityMarket2010Year20002019160k180k200k220k240k260k280k300k320k340kPrice in $142k347k

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

Neighborhood: Southland 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
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
 

$409,500$500,500$455,000

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$1,580
Property Tax -$351
Property Insurance -$56
Property Management Fees -$119
CASH FLOW
-$576

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.

$455,000

PROJECTED PRICE

$1,530

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.70%
Appreciation Year (1-5) 14.8%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$126,325

INVESTMENT

$126,325

Down Payment
$113,750
Rehab Estimate
$5,750
Closing Costs
$6,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,580

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $113,750
Loan Amount $341,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$350

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
  • $1,706

    COMP ESTIMATED VALUE
  • $1.24

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3733$1,6504$2,000
$2,000
RENT COMPS ANALYSIS
  • 1619 Knox Reno, NV 1
    • 2 beds 1 baths ∙ 1,372 Sqft ∙ Built 1946 2 beds 1 baths ∙ 1,372 Sqft ∙ Built 1946
    • 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
    •  
  • 1374 Lander Reno, NV 4
    • 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
Jessica Hodges
Harcourts Nv1 Realty
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 210002126
Last Updated: 02/28/2021
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