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430 Lenwood Dr. Reno, NV 89431

3 Beds 2 Baths 1,208 sqft Built 1963

$339,500

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $281.04
  • 5 Days on Market
  • MLS # : 210001080
  • Updated Date : 01/30/2021 at 19:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,208 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Select Reno

Listing Agent's Description

Well located east Sparks single story family home with separate formal living room and family room with wood burning fireplace. The entire home has beautifully restored hardwood floors throughout. Freshly painted interior and recently painted exterior make this home move-in ready for you. The kitchen is dated. Your finishing touches will truly make this cozy home your showplace. The oversized 2 car garage garage is insulated and has plenty of shelving for all your storage or workshop needs. Washer and dryer

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Vista del Oro

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $102k344k

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

Neighborhood: Vista del Oro

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q2900100011001200130014001500160017001800Rent in $8751873

* 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
Juniper Elementary School Primary Regular 464 25 5
Mendive Middle School Middle Magnet 1,089 43 NA
Reed High School High Regular 1,992 65 6

Juniper Elementary School

  • Education Level: Primary
  • # of students: 464
  • # of teachers: 25
5
GreatSchools Rating

Mendive Middle School

  • Education Level: Middle
  • # of students: 1,089
  • # of teachers: 43
NA
GreatSchools Rating

Reed High School

  • Education Level: High
  • # of students: 1,992
  • # of teachers: 65
6
GreatSchools Rating
 

$305,550$373,450$339,500

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$1,179
Property Tax -$266
Property Insurance -$53
Property Management Fees -$119
CASH FLOW
-$37

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.

$339,500

PROJECTED PRICE

$1,580

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.73%
Appreciation Year (1-5) 11.4%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,718

INVESTMENT

$95,718

Down Payment
$84,875
Rehab Estimate
$5,750
Closing Costs
$5,093

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,179

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $84,875
Loan Amount $254,625
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$17,315

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
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$0
1$0
$0
RENT COMPS ANALYSIS
  • 430 Lenwood Dr. Reno, NV
    • 3 beds 2 baths ∙ 1,208 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,208 Sqft ∙ Built 1963
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
PROPERTY LISTING DETAILS
James Perry
Coldwell Banker Select Reno
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 210001080
Last Updated: 01/30/2021
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