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330 Kilborne Ave Reno, NV 89509

4 Beds 3 Baths 2,086 sqft Built 1992

$530,000

List Price

$2,150

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

November 17, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $254.07
  • 6 Days on Market
  • MLS # : 200015950
  • Updated Date : 11/22/2020 at 06:14
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,086 sqft
  • Baths : 2 full , 1 half
Listing Agent

Miner Realty Of Nevada Llc

Listing Agent's Description

This specious family home is conveniently located at the very heart of the city. It has a large master bedroom with a separate laundry room. New roof was installed in 2019. Stove in the kitchen will be replaced.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Redfield Estates

NeighborhoodNIR Market*CityMarket2010Year20002019160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $142k405k

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

Neighborhood: Redfield Estates

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q212001300140015001600170018001900Rent in $11081912

* 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
Huffaker Elementary School Primary Regular 481 25 7
Huffaker Elementary School Middle Regular 481 25 7
Galena High School High Regular 1,345 8

Huffaker Elementary School

  • Education Level: Primary
  • # of students: 481
  • # of teachers: 25
7
GreatSchools Rating

Huffaker Elementary School

  • Education Level: Middle
  • # of students: 481
  • # of teachers: 25
7
GreatSchools Rating

Galena High School

  • Education Level: High
  • # of students: 1,345
  • # of teachers:
8
GreatSchools Rating
 

$477,000$583,000$530,000

PURCHASE PRICE

$1,935$2,365$2,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,150
EXPENSES Loan Payment -$1,955
Property Tax -$666
Property Insurance -$71
Property Management Fees -$119
CASH FLOW
-$662

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.

$530,000

PROJECTED PRICE

$2,150

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.70%
Appreciation Year (1-5) 10.6%
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-$10k-$5.0k$0.0$5.0k

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$146,200

INVESTMENT

$146,200

Down Payment
$132,500
Rehab Estimate
$5,750
Closing Costs
$7,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,955

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $132,500
Loan Amount $397,500
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$577

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
  • $2,404

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9953$2,1404$2,2005$2,200
$2,200
RENT COMPS ANALYSIS
  • 330 Kilborne Ave Reno, NV 1
    • 4 beds 3 baths ∙ 2,086 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,086 Sqft ∙ Built 1992
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2280 Virginia Lake Way Reno, NV 2
    • 3 beds 3 baths ∙ 1,758 Sqft ∙ Built 2012 3 beds 3 baths ∙ 1,758 Sqft ∙ Built 2012
    property image
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.13
    •  
  • 1310 Waterloo Drive Reno, NV 3
    • 3 beds 4 baths ∙ 1,924 Sqft ∙ Built 2005 3 beds 4 baths ∙ 1,924 Sqft ∙ Built 2005
    property image
    LEASED 09/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,140
    • $1.11
    •  
  • 860 Meadow Springs Reno, NV 4
    • 3 beds 2 baths ∙ 1,904 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,904 Sqft ∙ Built 1975
    property image
    LEASED 09/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.16
    •  
  • 3075 Alpine Creek Reno, NV 5
    • 3 beds 3 baths ∙ 1,819 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,819 Sqft ∙ Built 1995
    property image
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.21
    •  
PROPERTY LISTING DETAILS
Enam Sarkar
Miner Realty Of Nevada Llc
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200015950
Last Updated: 11/22/2020
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