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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!
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PRICE & RENT TRENDS
Neighborhood: Country Club Acres
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Country Club Acres
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$146,174
LOAN DETAILS
$1,841
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $132,475 |
| Loan Amount | $397,425 |
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
-
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
Chase International-damonte
1.866.250.5610
Mynd Property Management
1453579
MLS #: 200015156
Last Updated: 01/23/2021
