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1970 Carlin Street Reno, NV 89503

3 Beds 2 Baths 1,244 sqft Built 1961

$399,900

List Price

$1,640

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1961
  • Price/Sqft : $321.46
  • 4 Days on Market
  • MLS # : 210003110
  • Updated Date : 03/13/2021 at 19:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,244 sqft
  • Baths : 2 full
Listing Agent

Re/max Professionals-dayton

Listing Agent's Description

Open, Bright and move in ready! Great location, walkable area, easy access to downtown and highways! Welcome home! Three bedrooms, 2 baths and 2 car garage. Beautifully remodeled. Open kitchen w/ white cabinets, granite counters, plenty of storage. The living area boast a wood burning fireplace + slider to the patio. The bathrooms have also been remodeled! Relax and enjoy the backyard patio w/ walk way to the side yard. Trees in front & back add just the right amount of shade in summer. Call today

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Northridge Heights

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $123k347k

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

Neighborhood: Northridge Heights

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q2110012001300140015001600170018001900Rent in $10721912

* 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
Archie Clayton Pre-ap Academy Middle Magnet 727 33 NA
Reno High School High Regular 1,668 71 10
Archie Clayton Pre-ap Academy Middle Unknown NA

Archie Clayton Pre-ap Academy

  • Education Level: Middle
  • # of students: 727
  • # of teachers: 33
NA
GreatSchools Rating

Reno High School

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

Archie Clayton Pre-ap Academy

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

$359,910$439,890$399,900

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 -$1,389
Property Tax -$304
Property Insurance -$54
Property Management Fees -$119
CASH FLOW
-$225

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.

$399,900

PROJECTED PRICE

$1,640

PROJECTED RENT

0.41%

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

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$111,724

INVESTMENT

$111,724

Down Payment
$99,975
Rehab Estimate
$5,750
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,975
Loan Amount $299,925
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$8,259

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
  • $1,791

    COMP ESTIMATED VALUE
  • $1.44

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6003$1,7004$1,800
$1,800
RENT COMPS ANALYSIS
  • 1970 Carlin Street Reno, NV 1
    • 3 beds 2 baths ∙ 1,244 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,244 Sqft ∙ Built 1961
    • 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
    •  
  • 930 Melba Drive Reno, NV 3
    • 3 beds 1 baths ∙ 1,166 Sqft ∙ Built 1942 3 beds 1 baths ∙ 1,166 Sqft ∙ Built 1942
    LEASED 09/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.46
    •  
  • 1980 Simpson Ave Reno, NV 4
    • 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1953 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1953
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.50
    •  
PROPERTY LISTING DETAILS
Jody Foley
Re/max Professionals-dayton
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 210003110
Last Updated: 03/13/2021
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