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2755 Judith Lane Reno, NV 89503

3 Beds 3 Baths 1,854 sqft Built 1970

$425,000

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $229.23
  • 9 Days on Market
  • MLS # : 210000595
  • Updated Date : 01/21/2021 at 06:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,854 sqft
  • Baths : 3 full
Listing Agent

Assist-2-sell Buyers & Sellers

Listing Agent's Description

Don't miss this lovely home with all its upgrades in old northwest Reno conveniently located near shopping, restaurants and schools with views of mountains..(less than 10 minutes from the UNR). Property has been very well cared for over the years. Features include granite counter tops, upgraded bathrooms, with tile and marble, wood burning fireplace, sunroom, atrium, and separate mother-in-law quarters. Come see this beautiful fully landscaped property with great views through the trees.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sierra Heights

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $117k347k

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

Neighborhood: Sierra Heights

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q2110012001300140015001600170018001900Rent in $10251912

* 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
Warner Elementary School Primary Regular 410 22 6
Warner Elementary School Middle Regular 410 22 6
Mcqueen High School High Regular 1,828 83 10

Warner Elementary School

  • Education Level: Primary
  • # of students: 410
  • # of teachers: 22
6
GreatSchools Rating

Warner Elementary School

  • Education Level: Middle
  • # of students: 410
  • # of teachers: 22
6
GreatSchools Rating

Mcqueen High School

  • Education Level: High
  • # of students: 1,828
  • # of teachers: 83
10
GreatSchools Rating
 

$382,500$467,500$425,000

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$1,476
Property Tax -$370
Property Insurance -$67
Property Management Fees -$119
CASH FLOW
-$242

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.

$425,000

PROJECTED PRICE

$1,790

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.70%
Appreciation Year (1-5) 14.6%
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$1.8M

PROJECTED ANNUAL CASH FLOW

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

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$8,108

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
  • $1,965

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8253$1,8504$1,8505$2,020
$2,020
RENT COMPS ANALYSIS
  • 2755 Judith Lane Reno, NV 1
    • 3 beds 3 baths ∙ 1,854 Sqft ∙ Built 1970 3 beds 3 baths ∙ 1,854 Sqft ∙ Built 1970
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5247 Simons Drive Reno, NV 2
    • 3 beds 3 baths ∙ 1,920 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,920 Sqft ∙ Built 1990
    LEASED 10/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.95
    •  
  • 998 Edge Cliff Reno, NV 3
    • 3 beds 3 baths ∙ 1,917 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,917 Sqft ∙ Built 1990
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.97
    •  
  • 3675 Pomo Drive Reno, NV 4
    • 3 beds 3 baths ∙ 1,668 Sqft ∙ Built 1972 3 beds 3 baths ∙ 1,668 Sqft ∙ Built 1972
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.11
    •  
  • 1790 Terrace Heights Lane Reno, NV 5
    • 3 beds 3 baths ∙ 1,669 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,669 Sqft ∙ Built 1988
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $1.21
    •  
PROPERTY LISTING DETAILS
Trulie Mccabe
Assist-2-sell Buyers & Sellers
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 210000595
Last Updated: 01/21/2021
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