Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

3749 Pimlico St. Reno, NV 89512

4 Beds 3 Baths 1,568 sqft Built 2021

$399,900

List Price

$1,840

$1.7K - $2K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
February 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $255.04
  • 7 Days on Market
  • MLS # : 210001509
  • Updated Date : 02/08/2021 at 23:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,568 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group Eminence

Listing Agent's Description

Why rent when you can own a brand new home at these prices? This 1,568 SF 4BR home is within Northern Nevada Homes' first phase of Cottages at Comstock, which is contiguous to Mountain View Estates. Great mountain views, easy freeway access, close to UNR, TMCC, Downtown Reno, Rancho San Rafael Park & great shopping. Standard features include granite countertops, stainless steel appliances, dual zoned HVAC. Detached single family home on a low-maintenance footprint mapped lot.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 89512

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $86k347k

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

Zip Code: 89512

ZipNIR Market*CityMarket2015Year2009 Q42019 Q21000110012001300140015001600170018001900Rent in $9911912

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

SCHOOLS

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$359,910$439,890$399,900

PURCHASE PRICE

$1,656$2,024$1,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,840
EXPENSES Loan Payment -$1,389
Property Tax -$40
Property Insurance -$60
HOA -$75
Property Management Fees -$119
CASH FLOW
$157

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 7% of earned rent to cover both maintenance and periods of vacancy.

$399,900

PROJECTED PRICE

$1,840

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.73%
Appreciation Year (1-5) 12.6%
Maintenance Year (1-5) 3.00%
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$0.0$5.0k$10k$15k$20k

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$107,974

INVESTMENT

$107,974

Down Payment
$99,975
Rehab Estimate
$2,000
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,975
Loan Amount $299,925
See What Happens When You Reinvest Cash Flow

8.33

YEARS SAVED

$45,557

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
  • $1,811

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,0003$2,100
$2,100
RENT COMPS ANALYSIS
  • 3749 Pimlico St. Reno, NV 1
    • 4 beds 3 baths ∙ 1,568 Sqft ∙ Built 2021 4 beds 3 baths ∙ 1,568 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 387 Orrcrest Reno, NV 2
    • 4 beds 3 baths ∙ 1,688 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,688 Sqft ∙ Built 2006
    LEASED 10/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.18
    •  
  • 7205 Beacon Drive Reno, NV 3
    • 3 beds 2 baths ∙ 1,853 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,853 Sqft ∙ Built 2005
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.13
    •  
PROPERTY LISTING DETAILS
John Wolf
Realty One Group Eminence
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 210001509
Last Updated: 02/08/2021
BESbswy