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2450 Lymbery #125 Reno, NV 89509

1 Beds 1 Baths 586 sqft Built 1978

$150,000

List Price

$1,330

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $255.97
  • 4 Days on Market
  • MLS # : 210000750
  • Updated Date : 01/23/2021 at 19:15
CONSTRUCTION
  • Beds : 1
  • Floor Size : 586 sqft
  • Baths : 1 full
Listing Agent

Blue Sierra Realty

Listing Agent's Description

Check out this centrally located condo in the heart of Reno! You'll love cooking in the brand new kitchen, eating bar style on the new granite counter tops or chilling on your own private patio. This super convenient ground floor end unit allows you to park in the back parking lot, enter the back door and be just a few steps from home. Don't forget the HOA pool in the summertime! When time to leave, you are just minutes to everything, including MidTown, The new RED District, and airport.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Reno Condominiums

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $42k347k

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

Neighborhood: Reno Condominiums

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q21000110012001300140015001600170018001900Rent in $9591912

* 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
 

$135,000$165,000$150,000

PURCHASE PRICE

$1,197$1,463$1,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,330
EXPENSES Loan Payment -$521
Property Tax -$5
Property Insurance -$40
HOA -$175
Property Management Fees -$119
CASH FLOW
$471

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.

$150,000

PROJECTED PRICE

$1,330

PROJECTED RENT

0.89%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.73%
Appreciation Year (1-5) 10.6%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$45,500

INVESTMENT

$45,500

Down Payment
$37,500
Rehab Estimate
$5,750
Closing Costs
$2,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$521

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $37,500
Loan Amount $112,500
See What Happens When You Reinvest Cash Flow

17.25

YEARS SAVED

$43,673

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
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$0
1$0
$0
RENT COMPS ANALYSIS
  • 2450 Lymbery #125 #125 Reno, NV
    • 1 beds 1 baths ∙ 586 Sqft ∙ Built 1978 1 beds 1 baths ∙ 586 Sqft ∙ Built 1978
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
PROPERTY LISTING DETAILS
Chris Demay
Blue Sierra Realty
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 210000750
Last Updated: 01/23/2021
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