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3334 Epic Ave Reno, NV 89512

3 Beds 2 Baths 1,447 sqft Built 1998

$375,000

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 30, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $259.16
  • 8 Days on Market
  • MLS # : 200016284
  • Updated Date : 12/03/2020 at 19:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,447 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Select Reno

Listing Agent's Description

A beautiful eastern view is yours at this fantastic single level home, which has a lovely open floor plan. Vaulted ceilings, an expertly maintained yard, new HVAC, and new floors are just some of the taking points of this north Reno gem. It’s proximal to the university, downtown, and a neighborhood park. This house is a great opportunity for a family, a first time buyer, or an investor. Don’t let it slip by! Agents, please see private remarks.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Century Estates

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $138k351k

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

Neighborhood: Century Estates

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q212001300140015001600170018001900Rent in $11081973

* 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
Mathews Elementary School Primary Regular 609 45 2
Mathews Elementary School Middle Regular 609 45 2
Hug High School High Regular 1,395 69 2

Mathews Elementary School

  • Education Level: Primary
  • # of students: 609
  • # of teachers: 45
2
GreatSchools Rating

Mathews Elementary School

  • Education Level: Middle
  • # of students: 609
  • # of teachers: 45
2
GreatSchools Rating

Hug High School

  • Education Level: High
  • # of students: 1,395
  • # of teachers: 69
2
GreatSchools Rating
 

$337,500$412,500$375,000

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$1,384
Property Tax -$607
Property Insurance -$58
Property Management Fees -$119
CASH FLOW
-$397

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.

$375,000

PROJECTED PRICE

$1,770

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.70%
Appreciation Year (1-5) 12.6%
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

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,384

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,113

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
  • $1,729

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3953$1,750
$1,750
RENT COMPS ANALYSIS
  • 3334 Epic Ave Reno, NV 1
    • 3 beds 2 baths ∙ 1,447 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,447 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2520 Tripp Dr Reno, NV 2
    • 3 beds 2 baths ∙ 1,165 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,165 Sqft ∙ Built 1983
    property image
    LEASED 08/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.20
    •  
  • 1410 E Ninth #3 #3 Reno, NV 3
    • 3 beds 3 baths ∙ 1,472 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,472 Sqft ∙ Built 1985
    property image
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.19
    •  
PROPERTY LISTING DETAILS
Cassandra Kishpaugh
Coldwell Banker Select Reno
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200016284
Last Updated: 12/03/2020
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