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PROPERTY INFO
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!
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PRICE & RENT TRENDS
Neighborhood: Downtown Reno
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Downtown Reno
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$58,724
LOAN DETAILS
$694
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $49,975 |
| Loan Amount | $149,925 |
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
-
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
Re/max Gold
1.866.250.5610
Mynd Property Management
1453579
MLS #: 210000259
Last Updated: 01/09/2021
