Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

2330 Sunrise Drive Reno, NV 89509

3 Beds 2 Baths 1,894 sqft Built 1946

$529,900

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1946
  • Price/Sqft : $279.78
  • 88 Days on Market
  • MLS # : 200015156
  • Updated Date : 01/23/2021 at 17:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,894 sqft
  • Baths : 2 full
Listing Agent

Chase International-damonte

Listing Agent's Description

Set in the heart of Reno close to restaurants/shopping in MidTown and just a few blocks from Virginia Lake, this charming home offers vintage character in an established neighborhood. Beautiful hardwood floors throughout accent the wood-burning fireplaces that provide warmth and ambience on cool winter nights. The private backyard provides space for a personal garden and features a covered deck (perfect for entertaining), plus a storage shed for yard tools and equipment. Definitely a must see home!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Country Club Acres

NeighborhoodNIR Market*CityMarket2010Year20002019160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $153k439k

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

Neighborhood: Country Club Acres

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q212001300140015001600170018001900200021002200Rent in $11802208

* 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
Beck Elementary School Primary Regular 570 27 7
Beck Elementary School Middle Regular 570 27 7
Reno High School High Regular 1,668 71 10

Beck Elementary School

  • Education Level: Primary
  • # of students: 570
  • # of teachers: 27
7
GreatSchools Rating

Beck Elementary School

  • Education Level: Middle
  • # of students: 570
  • # of teachers: 27
7
GreatSchools Rating

Reno High School

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

$476,910$582,890$529,900

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$1,841
Property Tax -$520
Property Insurance -$67
Property Management Fees -$119
CASH FLOW
-$747

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.

$529,900

PROJECTED PRICE

$1,800

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.04%
Appreciation Year (1-5) 11.7%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k

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$146,174

INVESTMENT

$146,174

Down Payment
$132,475
Rehab Estimate
$5,750
Closing Costs
$7,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,841

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $132,475
Loan Amount $397,425
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$82

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
  • $1,932

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7003$1,7504$1,9955$2,100
$2,100
RENT COMPS ANALYSIS
  • 2330 Sunrise Drive Reno, NV 1
    • 3 beds 2 baths ∙ 1,894 Sqft ∙ Built 1946 3 beds 2 baths ∙ 1,894 Sqft ∙ Built 1946
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1213 Gordon Reno, NV 2
    • 4 beds 2 baths ∙ 1,780 Sqft ∙ Built 1950 4 beds 2 baths ∙ 1,780 Sqft ∙ Built 1950
    LEASED 07/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.96
    •  
  • 975 Bejay Pl. Reno, NV 3
    • 3 beds 2 baths ∙ 1,836 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,836 Sqft ∙ Built 1965
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.95
    •  
  • 1785 Shangri-la Reno, NV 4
    • 3 beds 2 baths ∙ 1,692 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,692 Sqft ∙ Built 1959
    LEASED 05/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.18
    •  
  • 470 Games Reno, NV 5
    • 4 beds 3 baths ∙ 2,117 Sqft ∙ Built 1960 4 beds 3 baths ∙ 2,117 Sqft ∙ Built 1960
    LEASED 05/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.99
    •  
PROPERTY LISTING DETAILS
Jack Cote
Chase International-damonte
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200015156
Last Updated: 01/23/2021
BESbswy