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PROPERTY INFO
FACTS
- Single Family
- Built In 1938
- Price/Sqft : $376.66
- 9 Days on Market
- MLS # : 210000328
- Updated Date : 01/14/2021 at 17:26
CONSTRUCTION
- Beds : 2
- Floor Size : 1,354 sqft
- Baths : 2 full
Listing Agent
Re/max Professionals-sparks
Listing Agent's Description
PLEASE DO NOT TRESPASS ON THE PROPERTY OR DISTURB THE TENANTS. Nestled in the heart of Old Southwest Reno, this is a charming, vintage brick home on a corner lot in one of the most beautiful neighborhoods in Reno. With hardwood floors, crown molding, a fireplace and a large attic for expansion, its unique character and comfortable layout will make home your favorite place to spend time. The square footage doesn't include the 378 sq. ft. basement. A large attic makes room for additional expansion.
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PRICE & RENT TRENDS
Neighborhood: Western
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Western
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,780 |
| EXPENSES | Loan Payment | -$1,771 |
| Property Tax | -$388 | |
| Property Insurance | -$56 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$554
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.
$510,000
PROJECTED PRICE
$1,780
PROJECTED RENT
0.35%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.04% |
| Appreciation Year (1-5) | 10.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 4.52% |
| 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
$140,900
LOAN DETAILS
$1,771
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $127,500 |
| Loan Amount | $382,500 |
0.75
YEARS SAVED
$1,595
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,750
COMP ESTIMATED VALUE -
$1.29
COMP AVG. RENT PER SQFT
Comps Range
-
701 W Pueblo Reno, NV 1
- 2 beds 2 baths ∙ 1,354 Sqft ∙ Built 1938 2 beds 2 baths ∙ 1,354 Sqft ∙ Built 1938
- Rent
- Rent Per SQFT
- $0
- $0.00
-
506 Modoc Avenue Reno, NV 2
- 2 beds 1 baths ∙ 1,100 Sqft ∙ Built 1937 2 beds 1 baths ∙ 1,100 Sqft ∙ Built 1937
LEASED 01/06/21- Rent
- Rent Per SQFT
- $1,373
- $1.25
-
619 Gordon Ave Reno, NV 3
- 2 beds 1 baths ∙ 1,170 Sqft ∙ Built 1919 2 beds 1 baths ∙ 1,170 Sqft ∙ Built 1919
LEASED 08/28/20- Rent
- Rent Per SQFT
- $1,550
- $1.32
-
326 St. Lawrence Ave. Reno, NV 4
- 2 beds 1 baths ∙ 1,170 Sqft ∙ Built 1935 2 beds 1 baths ∙ 1,170 Sqft ∙ Built 1935
LEASED 11/24/20- Rent
- Rent Per SQFT
- $1,600
- $1.37
-
339 Roberts Reno, NV 5
- 2 beds 2 baths ∙ 1,379 Sqft ∙ Built 1921 2 beds 2 baths ∙ 1,379 Sqft ∙ Built 1921
LEASED 04/11/20- Rent
- Rent Per SQFT
- $1,700
- $1.23
PROPERTY LISTING DETAILS
Re/max Professionals-sparks
1.866.250.5610
Mynd Property Management
1453579
MLS #: 210000328
Last Updated: 01/14/2021
