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1115 Jessica Lane Fernley, NV 89408

3 Beds 2 Baths 1,668 sqft Built 1987

$449,500

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $269.48
  • 3 Days on Market
  • MLS # : 210000797
  • Updated Date : 01/22/2021 at 18:51
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,668 sqft
  • Baths : 2 full
Listing Agent

Sierra Nevada Properties-frnly

Listing Agent's Description

A MUST SEE!! Newly updated/remodeled home with 4.78 acres of usable land looking for new owner(s)! Amenities include new flooring throughout, new granite countertops in kitchen, master bath and guest bathroom, new hot water heater, new stainless steel appliances, new toilets, new paint on garage, new paint on exterior of home (except for patio side wall). Contact your favorite agent today to set up a showing!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 89408

ZipNIR Market*CityMarket2010Year20022019100k120k140k160k180k200k220k240kPrice in $91k245k

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

Zip Code: 89408

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
East Valley Elementary School Primary Regular 436 13 8
Fernley Intermediate School Middle Regular 535 10 NA
Fernley High School High Regular 951 21 6

East Valley Elementary School

  • Education Level: Primary
  • # of students: 436
  • # of teachers: 13
8
GreatSchools Rating

Fernley Intermediate School

  • Education Level: Middle
  • # of students: 535
  • # of teachers: 10
NA
GreatSchools Rating

Fernley High School

  • Education Level: High
  • # of students: 951
  • # of teachers: 21
6
GreatSchools Rating
 

$404,550$494,450$449,500

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$1,561
Property Tax -$232
Property Insurance -$61
Property Management Fees -$119
CASH FLOW
-$144

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.

$449,500

PROJECTED PRICE

$1,830

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 14.4%
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$124,868

INVESTMENT

$124,868

Down Payment
$112,375
Rehab Estimate
$5,750
Closing Costs
$6,743

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,561

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,375
Loan Amount $337,125
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$13,484

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
  • $1,860

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5503$1,750
$1,750
RENT COMPS ANALYSIS
  • 1115 Jessica Lane Fernley, NV 1
    • 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1342 Winnie's Ln Fernley, NV 2
    • 3 beds 2 baths ∙ 1,402 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,402 Sqft ∙ Built 2005
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.11
    •  
  • 845 Jenny's Lane Fernley, NV 3
    • 3 beds 2 baths ∙ 1,566 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,566 Sqft ∙ Built 2000
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.12
    •  
PROPERTY LISTING DETAILS
Robert Herrera
Sierra Nevada Properties-frnly
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 210000797
Last Updated: 01/22/2021
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