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2195 Arcane Reno, NV 89503

3 Beds 2 Baths 1,296 sqft Built 1960

$387,500

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $299.00
  • 6 Days on Market
  • MLS # : 210002162
  • Updated Date : 02/28/2021 at 06:14
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,296 sqft
  • Baths : 1 full , 1 half
Listing Agent

Chase International-damonte

Listing Agent's Description

A superb location in old northwest Reno near San Rafael Park.. 3 bed, 1 & 1/2 bath, 1269 square feet with a bonus sun room that is an additional 252 square feet. Beautifully maintained oak floors, large living room with huge windows facing the Sierra Mountains. The front windows also have electrical steel-remote panels if the tinting of the windows isn't enough and are wonderful for security. Roof is almost 3 years old! Refrigerator in kitchen, washer and dryer are all included in the sale.

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PRICE & RENT TRENDS

Neighborhood: Reno Highland

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $125k439k

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

Neighborhood: Reno Highland

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q212001300140015001600170018001900200021002200Rent in $11242208

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

Peavine Elementary School

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

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
 

$348,750$426,250$387,500

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$1,346
Property Tax -$297
Property Insurance -$55
Property Management Fees -$119
CASH FLOW
-$157

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$387,500

PROJECTED PRICE

$1,660

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.04%
Appreciation Year (1-5) 12.5%
Maintenance Year (1-5) 8.00%
Vacancy 4.52%
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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$108,438

INVESTMENT

$108,438

Down Payment
$96,875
Rehab Estimate
$5,750
Closing Costs
$5,813

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,346

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $96,875
Loan Amount $290,625
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$12,417

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
  • $1,866

    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
  • 2195 Arcane Reno, NV 1
    • 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 1960
    property image
    • 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
    property image
    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
    property image
    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
    property image
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.50
    •  
PROPERTY LISTING DETAILS
Edward Peters
Chase International-damonte
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 210002162
Last Updated: 02/28/2021
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