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450 N Arlington Ave #812 Reno, NV 89503

1 Beds 1 Baths 544 sqft Built 1974

$199,900

List Price

$1,090

$981 - $1.2K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $367.46
  • 3 Days on Market
  • MLS # : 210000259
  • Updated Date : 01/09/2021 at 19:17
CONSTRUCTION
  • Beds : 1
  • Floor Size : 544 sqft
  • Baths : 1 full
Listing Agent

Re/max Gold

Listing Agent's Description

AMAZING VIEW!! Central downtown Reno location near the Truckee River, UNR, St. Mary's Medical Facilities, Starbuck & Casinos. Easy access to I80. Views from bedroom and living room. This beautiful west facing 1br 1ba condo offers a upgraded kitchen with nice appliances, granite slab counters & bamboo living room floors. Newer paint & carpet. HOA provides garbage, water, electricity, heat and cooling. HOA offers a community center, rooftop pool & spa, and fitness center. Why rent when you can own!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Downtown Reno

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $102k347k

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

Neighborhood: Downtown Reno

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
Elmcrest Elementary School Primary Regular 357 23 4
Elmcrest Elementary School Middle Regular 357 23 4
Reno High School High Regular 1,668 71 10

Elmcrest Elementary School

  • Education Level: Primary
  • # of students: 357
  • # of teachers: 23
4
GreatSchools Rating

Elmcrest Elementary School

  • Education Level: Middle
  • # of students: 357
  • # of teachers: 23
4
GreatSchools Rating

Reno High School

  • Education Level: High
  • # of students: 1,668
  • # of teachers: 71
10
GreatSchools Rating
 

$179,910$219,890$199,900

PURCHASE PRICE

$981$1,199$1,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,090
EXPENSES Loan Payment -$694
Property Tax -$6
Property Insurance -$39
HOA -$353
Property Management Fees -$119
CASH FLOW
-$121

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.

$199,900

PROJECTED PRICE

$1,090

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.73%
Appreciation Year (1-5) 10.4%
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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$58,724

INVESTMENT

$58,724

Down Payment
$49,975
Rehab Estimate
$5,750
Closing Costs
$2,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$694

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $49,975
Loan Amount $149,925
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$2,812

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
  • $658

    COMP ESTIMATED VALUE
  • $1.21

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$8753$875
$875
RENT COMPS ANALYSIS
  • 450 N Arlington Ave #812 Reno, NV 1
    • 1 beds 1 baths ∙ 544 Sqft ∙ Built 1974 1 beds 1 baths ∙ 544 Sqft ∙ Built 1974
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1365 Stardust St. #2 Reno, NV 2
    • 1 beds 1 baths ∙ 700 Sqft ∙ Built 1964 1 beds 1 baths ∙ 700 Sqft ∙ Built 1964
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $875
    • $1.25
    •  
  • 1365 Stardust St. Reno, NV 3
    • 1 beds 1 baths ∙ 750 Sqft ∙ Built 1964 1 beds 1 baths ∙ 750 Sqft ∙ Built 1964
    LEASED 11/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $875
    • $1.17
    •  
PROPERTY LISTING DETAILS
Christopher Patterson
Re/max Gold
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 210000259
Last Updated: 01/09/2021
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