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844 Whitaker Reno, NV 89503

5 Beds 2 Baths 1,762 sqft Built 1946

$520,000

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1946
  • Price/Sqft : $295.12
  • 5 Days on Market
  • MLS # : 200015502
  • Updated Date : 11/06/2020 at 22:19
CONSTRUCTION
  • Beds : 5
  • Floor Size : 1,762 sqft
  • Baths : 2 full
Listing Agent

Sierra Nevada Properties-reno

Listing Agent's Description

Coming Soon! Rare find in established university neighborhood in northwest reno! This cute brick-fronted cottage is just waiting for the right buyer to renovate. Will require some remodel but offers so much potential! Featuring a large 2-car detached garage, extended driveway, mature shade trees, yard, quiet street, great location and more…

SEE MORE

PRICE & RENT TRENDS

Neighborhood: New Sunnyside

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $102k347k

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

Neighborhood: New Sunnyside

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
Peavine Elementary School Primary Regular 388 20 7
Peavine Elementary School Middle Regular 388 20 7
Reno High School High Regular 1,668 71 10

Peavine Elementary School

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

Peavine Elementary School

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

Reno High School

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

$468,000$572,000$520,000

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 -$1,919
Property Tax -$386
Property Insurance -$65
Property Management Fees -$119
CASH FLOW
-$708

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.

$520,000

PROJECTED PRICE

$1,780

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.73%
Appreciation Year (1-5) 13.0%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$143,550

INVESTMENT

$143,550

Down Payment
$130,000
Rehab Estimate
$5,750
Closing Costs
$7,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,919

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $130,000
Loan Amount $390,000
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$405

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
  • $1,771

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7003$1,895
$1,895
RENT COMPS ANALYSIS
  • 844 Whitaker Reno, NV 1
    • 5 beds 2 baths ∙ 1,762 Sqft ∙ Built 1946 5 beds 2 baths ∙ 1,762 Sqft ∙ Built 1946
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1213 Gordon Reno, NV 2
    • 4 beds 2 baths ∙ 1,780 Sqft ∙ Built 1950 4 beds 2 baths ∙ 1,780 Sqft ∙ Built 1950
    property image
    LEASED 07/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.96
    •  
  • 3565 Buckhorn Way Reno, NV 3
    • 4 beds 2 baths ∙ 1,808 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,808 Sqft ∙ Built 1964
    property image
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.05
    •  
PROPERTY LISTING DETAILS
Veronica Segovia-cortez
Sierra Nevada Properties-reno
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200015502
Last Updated: 11/06/2020
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