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3015 Everett Reno, NV 89503

3 Beds 3 Baths 1,712 sqft Built 1973

$429,000

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $250.58
  • 4 Days on Market
  • MLS # : 210001917
  • Updated Date : 02/18/2021 at 06:52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,712 sqft
  • Baths : 2 full , 1 half
Listing Agent

Chase International-damonte

Listing Agent's Description

Don't miss this lovely home in NW Reno with traditional charm and modern upgrades. Conveniently located near shopping, restaurants, schools and freeway access, with views of mountains and less than 10 minutes to UNR. This home has a fantastic deck for outside dining and entertaining. Large workshop and extra storage space in the back with electricity. Main floor has an open great room which includes the kitchen, dining area and living room with deck access.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Nancy Heights

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $102k347k

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

Neighborhood: Nancy Heights

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q21000110012001300140015001600170018001900Rent in $9911912

* 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
Archie Clayton Pre-ap Academy Middle Magnet 727 33 NA
Mcqueen High School High Regular 1,828 83 10
Archie Clayton Pre-ap Academy Middle Unknown NA

Archie Clayton Pre-ap Academy

  • Education Level: Middle
  • # of students: 727
  • # of teachers: 33
NA
GreatSchools Rating

Mcqueen High School

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

Archie Clayton Pre-ap Academy

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

$386,100$471,900$429,000

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,490
Property Tax -$343
Property Insurance -$64
Property Management Fees -$119
CASH FLOW
-$195

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.

$429,000

PROJECTED PRICE

$1,820

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.73%
Appreciation Year (1-5) 13.0%
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$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$15k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,435

INVESTMENT

$119,435

Down Payment
$107,250
Rehab Estimate
$5,750
Closing Costs
$6,435

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,490

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $107,250
Loan Amount $321,750
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$11,249

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
  • $1,973

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7003$1,8504$1,8955$2,020
$2,020
RENT COMPS ANALYSIS
  • 3015 Everett Reno, NV 1
    • 3 beds 3 baths ∙ 1,712 Sqft ∙ Built 1973 3 beds 3 baths ∙ 1,712 Sqft ∙ Built 1973
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1785 W 6th St Reno, NV 2
    • 3 beds 2 baths ∙ 1,414 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,414 Sqft ∙ Built 1960
    property image
    LEASED 08/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.20
    •  
  • 3675 Pomo Drive Reno, NV 3
    • 3 beds 3 baths ∙ 1,668 Sqft ∙ Built 1972 3 beds 3 baths ∙ 1,668 Sqft ∙ Built 1972
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.11
    •  
  • 4438 Highplains Reno, NV 4
    • 3 beds 3 baths ∙ 1,743 Sqft ∙ Built 1993 3 beds 3 baths ∙ 1,743 Sqft ∙ Built 1993
    property image
    LEASED 09/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.09
    •  
  • 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
    property image
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $1.21
    •  
PROPERTY LISTING DETAILS
Eric Schott
Chase International-damonte
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 210001917
Last Updated: 02/18/2021
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