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701 W Pueblo Reno, NV 89509

2 Beds 2 Baths 1,354 sqft Built 1938

$510,000

List Price

$1,780

$1.6K - $2K

Rent Est.

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.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Western

NeighborhoodNIR Market*CityMarket2010Year20002019160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $153k439k

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

Neighborhood: Western

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q212001300140015001600170018001900200021002200Rent in $11802208

* 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
Mount Rose Elementary School Primary Regular 433 21 7
Mount Rose Elementary School Middle Regular 433 21 7
Reno High School High Regular 1,668 71 10

Mount Rose Elementary School

  • Education Level: Primary
  • # of students: 433
  • # of teachers: 21
7
GreatSchools Rating

Mount Rose Elementary School

  • Education Level: Middle
  • # of students: 433
  • # of teachers: 21
7
GreatSchools Rating

Reno High School

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

$459,000$561,000$510,000

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$140,900

INVESTMENT

$140,900

Down Payment
$127,500
Rehab Estimate
$5,750
Closing Costs
$7,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,771

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $127,500
Loan Amount $382,500
See What Happens When You Reinvest Cash Flow

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.

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,750

    COMP ESTIMATED VALUE
  • $1.29

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3733$1,5504$1,6005$1,700
$1,700
RENT COMPS ANALYSIS
  • 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
Sandra Gabrielli
Re/max Professionals-sparks
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 210000328
Last Updated: 01/14/2021
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