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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $198.91
- 4 Days on Market
- MLS # : 210001073
- Updated Date : 01/28/2021 at 23:28
CONSTRUCTION
- Beds : 3
- Floor Size : 1,835 sqft
- Baths : 2 full
Listing Agent
Ferrari-lund Real Estate Reno
Listing Agent's Description
Large, well-kept family home that is nearly new. This "Shasta" model in the highly desirable Silverland Estates shows like a dream. Three generous bedrooms, a formal living room, large family room, and even an extra room for a den or home office. The open-concept kitchen features dark cabinets, granite countertops, pantry, island with breakfast bar and plenty of storage space. Master bath has quartz counters, dual sinks, and garden tub, along with a glass enclosed shower.
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PRICE & RENT TRENDS
Zip Code: 89408
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 89408
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,980 |
| EXPENSES | Loan Payment | -$1,268 |
| Property Tax | -$332 | |
| Property Insurance | -$65 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$196
|
||
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.
$365,000
PROJECTED PRICE
$1,980
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$102,475
LOAN DETAILS
$1,268
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $91,250 |
| Loan Amount | $273,750 |
7.42
YEARS SAVED
$33,847
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,982
COMP ESTIMATED VALUE -
$1.08
COMP AVG. RENT PER SQFT
Comps Range
-
1264 Rainbow Fernley, NV 1
- 3 beds 2 baths ∙ 1,835 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,835 Sqft ∙ Built 2018
- Rent
- Rent Per SQFT
- $0
- $0.00
-
943 Atrium Road Fernley, NV 2
- 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 2000
LEASED 08/09/19- Rent
- Rent Per SQFT
- $1,495
- $0.90
-
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
-
2216 Windrow Dr Fernley, NV 4
- 3 beds 2 baths ∙ 1,514 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,514 Sqft ∙ Built 2019
LEASED 09/25/20- Rent
- Rent Per SQFT
- $1,845
- $1.22
PROPERTY LISTING DETAILS
Ferrari-lund Real Estate Reno
1.866.250.5610
Mynd Property Management
1453579
MLS #: 210001073
Last Updated: 01/28/2021
