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1695 Stewart Street Reno, NV 89502

3 Beds 2 Baths 1,453 sqft Built 1953

$336,000

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1953
  • Price/Sqft : $231.25
  • 7 Days on Market
  • MLS # : 210001802
  • Updated Date : 02/15/2021 at 22:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,453 sqft
  • Baths : 1 full , 1 half
Listing Agent

Sierra Nevada Properties-reno

Listing Agent's Description

This home was built in 1953 by a quality craftsman builder for his family. Timeless features highlight the character of this home: Wood shuttered window treatment, retro-style ceramic title counters, original wood paneling with mirrored accents, beautiful oak flooring, and outdoor paved walkways & brick planters. A spacious eat-in kitchen offers abundant cabinet space and large greenhouse window overlooking the backyard patio.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Mill Street

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $88k347k

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

Neighborhood: Mill Street

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q21000110012001300140015001600170018001900Rent in $9911912

* 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
Vaughn Middle School Middle Regular 650 37 NA
Wooster High School High Magnet 1,734 84 6
Vaughn Middle School Middle Unknown NA

Vaughn Middle School

  • Education Level: Middle
  • # of students: 650
  • # of teachers: 37
NA
GreatSchools Rating

Wooster High School

  • Education Level: High
  • # of students: 1,734
  • # of teachers: 84
6
GreatSchools Rating

Vaughn Middle School

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

$302,400$369,600$336,000

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$1,167
Property Tax -$273
Property Insurance -$58
Property Management Fees -$119
CASH FLOW
-$48

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.

$336,000

PROJECTED PRICE

$1,570

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.73%
Appreciation Year (1-5) 13.0%
Maintenance Year (1-5) 8.00%
Vacancy 4.08%
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

PROJECTED ANNUAL CASH FLOW

11530-$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$94,790

INVESTMENT

$94,790

Down Payment
$84,000
Rehab Estimate
$5,750
Closing Costs
$5,040

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,167

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $84,000
Loan Amount $252,000
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$16,081

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
  • $1,649

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6003$1,750
$1,750
RENT COMPS ANALYSIS
  • 1695 Stewart Street Reno, NV 1
    • 3 beds 2 baths ∙ 1,453 Sqft ∙ Built 1953 3 beds 2 baths ∙ 1,453 Sqft ∙ Built 1953
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2245 Mannington St. Reno, NV 2
    • 4 beds 2 baths ∙ 1,709 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,709 Sqft ∙ Built 1963
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.94
    •  
  • 865 Cordone Reno, NV 3
    • 3 beds 2 baths ∙ 1,314 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,314 Sqft ∙ Built 1964
    LEASED 01/13/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.33
    •  
PROPERTY LISTING DETAILS
Jodi Kruse
Sierra Nevada Properties-reno
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 210001802
Last Updated: 02/15/2021
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