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762 Diogenes Dr Reno, NV 89512

3 Beds 2 Baths 1,548 sqft Built 1986

$425,000

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $274.55
  • 4 Days on Market
  • MLS # : 210002239
  • Updated Date : 02/26/2021 at 17:59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,548 sqft
  • Baths : 2 full
Listing Agent

Dickson Realty - Caughlin

Listing Agent's Description

Unobstructed city and valley views! A great value for University Ridge! This property features 3 spacious bedrooms, 2 full bathrooms, single-story living with open concept floorplan. Perfect for outdoor entertaining with concrete patio to take in the wonderful mountain and city views. Walking distance to the UNR campus and just minutes from downtown. No Common Interest Community (HOA). Lots of charm and character. Price reflects some needed improvements and deferred maintenance.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: University Heights North

NeighborhoodNIR Market*CityMarket2010Year20002019160k180k200k220k240k260k280k300k320k340k360k380kPrice in $142k389k

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

Neighborhood: University Heights North

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q212001300140015001600170018001900Rent in $11081976

* 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
Peavine Elementary School Primary Regular 388 20 7
Archie Clayton Pre-ap Academy Middle Magnet 727 33 NA
Hug High School High Regular 1,395 69 2

Peavine Elementary School

  • Education Level: Primary
  • # of students: 388
  • # of teachers: 20
7
GreatSchools Rating

Archie Clayton Pre-ap Academy

  • Education Level: Middle
  • # of students: 727
  • # of teachers: 33
NA
GreatSchools Rating

Hug High School

  • Education Level: High
  • # of students: 1,395
  • # of teachers: 69
2
GreatSchools Rating
 

$382,500$467,500$425,000

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$1,476
Property Tax -$570
Property Insurance -$60
Property Management Fees -$119
CASH FLOW
-$425

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.

$425,000

PROJECTED PRICE

$1,800

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.70%
Appreciation Year (1-5) 11.9%
Maintenance Year (1-5) 8.00%
Vacancy 4.04%
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

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,161

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
  • $1,927

    COMP ESTIMATED VALUE
  • $1.25

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6953$2,100
$2,100
RENT COMPS ANALYSIS
  • 762 Diogenes Dr Reno, NV 1
    • 3 beds 2 baths ∙ 1,548 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,548 Sqft ∙ Built 1986
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3545 Willow Hills Circle Reno, NV 2
    • 4 beds 3 baths ∙ 1,326 Sqft ∙ Built 1971 4 beds 3 baths ∙ 1,326 Sqft ∙ Built 1971
    property image
    LEASED 12/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.28
    •  
  • 2470 Keystone Ave Reno, NV 3
    • 3 beds 3 baths ∙ 1,740 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,740 Sqft ∙ Built 1987
    property image
    LEASED 09/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.21
    •  
PROPERTY LISTING DETAILS
Claudia Byrne
Dickson Realty - Caughlin
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 210002239
Last Updated: 02/26/2021
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