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2801 Rowland Rd Reno, NV 89509

3 Beds 2 Baths 1,761 sqft Built 1968

$535,000

List Price

$2,010

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1968
  • Price/Sqft : $303.80
  • 4 Days on Market
  • MLS # : 210003135
  • Updated Date : 03/12/2021 at 07:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,761 sqft
  • Baths : 2 full
Listing Agent

Krch Realty

Listing Agent's Description

This is not just a 3 BD/2 BA/2 Car! Owner has added expensive extras. OUTSIDE: Side RV Parking with 30 Amp Plug, 3rd Car/RV Parking Pad, Vinyl Siding, Prep for Hot Tub 120V Power, Sprinkler System, Storage Shed. INSIDE: $7000 Frigidaire Professional Appliances Included - Refrigerator, Microwave, 30” Gas/Stove, On-Demand Hot Water, Washer/Dryer, Fireplace, Recessed Lighting Throughout, Upgraded Hardware Baths & Kitchen, 2” Blinds. Live in Old Southwest, Reno, 2 blocks from Swope. Go & Show

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Glenwood Estates

NeighborhoodNIR Market*CityMarket2010Year20002019160k180k200k220k240k260k280k300k320k340k360k380k400k420k440kPrice in $153k448k

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

Neighborhood: Glenwood Estates

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
Swope Middle School Middle Magnet 704 24 NA
Reno High School High Regular 1,668 71 10
Swope Middle School Middle Unknown NA

Swope Middle School

  • Education Level: Middle
  • # of students: 704
  • # of teachers: 24
NA
GreatSchools Rating

Reno High School

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

Swope Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$481,500$588,500$535,000

PURCHASE PRICE

$1,809$2,211$2,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,010
EXPENSES Loan Payment -$1,858
Property Tax -$450
Property Insurance -$65
Property Management Fees -$119
CASH FLOW
-$482

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.

$535,000

PROJECTED PRICE

$2,010

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.04%
Appreciation Year (1-5) 10.6%
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$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$147,525

INVESTMENT

$147,525

Down Payment
$133,750
Rehab Estimate
$5,750
Closing Costs
$8,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,858

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $133,750
Loan Amount $401,250
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$3,856

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
  • $2,195

    COMP ESTIMATED VALUE
  • $1.25

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9953$2,0204$2,200
$2,200
RENT COMPS ANALYSIS
  • 2801 Rowland Rd Reno, NV 1
    • 3 beds 2 baths ∙ 1,761 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,761 Sqft ∙ Built 1968
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1690 Wilbur Place Reno, NV 2
    • 3 beds 2 baths ∙ 1,580 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,580 Sqft ∙ Built 1955
    property image
    LEASED 02/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.26
    •  
  • 1790 Terrace Heights Lane Reno, NV 3
    • 3 beds 3 baths ∙ 1,669 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,669 Sqft ∙ Built 1988
    property image
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $1.21
    •  
  • 1905 California Ave. Reno, NV 4
    • 3 beds 2 baths ∙ 1,726 Sqft ∙ Built 1967 3 beds 2 baths ∙ 1,726 Sqft ∙ Built 1967
    property image
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.27
    •  
PROPERTY LISTING DETAILS
Greg Cook
Krch Realty
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 210003135
Last Updated: 03/12/2021
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