Contract Assignment · 3BR/2.0BA in Reno, NV | $265,000

About this deal

Assignable purchase contract on a 3-bed, 2.0-bath single-family home located at 400 S Virginia St, Reno, NV. Contract price $265,000. Assignment fee is pre-negotiated and already priced in. Comps support solid post-rehab value — an equity play with minimal work required.

The numbers

Cap rate

5.8%

Net operating income

$33,336/yr

Cash flow

+$2,778/mo

Occupancy

3 of 4 units

Figures are provided by the seller and haven’t been verified by ListDeed. Do your own due diligence.