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1104 Lahontan Carson City, NV 89701

4 Beds 2 Baths 1,776 sqft Built 2019

$479,950

List Price

$1,880

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $270.24
  • 5 Days on Market
  • MLS # : 210000397
  • Updated Date : 01/17/2021 at 02:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,776 sqft
  • Baths : 2 full
Listing Agent

Re/max Realty Affiliates

Listing Agent's Description

MUST SEE THIS beautiful home just built in 2019, originally purchased as a vacation home. Like new inside and move in ready! This spacious 4 bedroom 2 bath home has an open and split floorplan, granite slab countertops, beautiful dark wood cabinets, upgraded tile throughout the main living area, large 3 car garage, and much more. This home is low maintenance with a fully landscaped front and backyard all on a full automatic drip system.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 89701

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300kPrice in $134k312k

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

Zip Code: 89701

No Data Available.

* 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
Seeliger Elementary School Primary Regular 591 32 5
Eagle Valley Middle School Middle Regular 659 35 NA
Carson High School High Regular 2,157 100 7

Seeliger Elementary School

  • Education Level: Primary
  • # of students: 591
  • # of teachers: 32
5
GreatSchools Rating

Eagle Valley Middle School

  • Education Level: Middle
  • # of students: 659
  • # of teachers: 35
NA
GreatSchools Rating

Carson High School

  • Education Level: High
  • # of students: 2,157
  • # of teachers: 100
7
GreatSchools Rating
 

$431,955$527,945$479,950

PURCHASE PRICE

$1,692$2,068$1,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,880
EXPENSES Loan Payment -$1,667
Property Tax -$153
Property Insurance -$64
Property Management Fees -$119
CASH FLOW
-$122

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$479,950

PROJECTED PRICE

$1,880

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 12.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.00%
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-$5.0k$0.0$5.0k$10k$15k

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$132,937

INVESTMENT

$132,937

Down Payment
$119,988
Rehab Estimate
$5,750
Closing Costs
$7,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,667

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $119,988
Loan Amount $359,963
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$17,482

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
  • $2,025

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,200
$2,200
RENT COMPS ANALYSIS
  • 1104 Lahontan Carson City, NV 1
    • 4 beds 2 baths ∙ 1,776 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,776 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 886 Vista Park Carson City, NV 2
    • 4 beds 2 baths ∙ 1,923 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,923 Sqft ∙ Built 1999
    LEASED 12/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.14
    •  
PROPERTY LISTING DETAILS
Tamara Adamson
Re/max Realty Affiliates
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 210000397
Last Updated: 01/17/2021
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