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1336 Victoria Drive Gardnerville, NV 89460

3 Beds 2 Baths 1,460 sqft Built 1987

INVESTimate

$351,527

List Price

$1,590

$1,431 - $1,749

Rent Est.

$389,070  ( +10.68%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1987
  • Price/Sqft : $240.77
  • 10 Days on Market
  • MLS # : 200011250
  • Updated Date : 08/18/2020 at 22:45
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,460 sqft
  • Baths : 2 full
Listing Agent

Re/max Realty Affiliates

Listing Agent's Description

Gardnerville Ranchos Home in Beautiful Carson Valley. Close to Historic Minden/Gardnerville. Quiet Friendly Neighborhood. Meticulous & Serine Landscaping. Very Warm & Welcoming Floor Plan. Lots of Storage. Nice Large Relaxing Deck. World Class Boating, Hiking, Skiing, Champion Golfing, Fishing and Night Time Entertainment. With only 30 minutes to Majestic Lake Tahoe.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 89460

ZipNIR Market*CityMarket2010Year20002019180k200k220k240k260k280k300k320k340k360k380k400kPrice in $163k400k

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

Zip Code: 89460

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
Scarselli Elementary School Primary Regular 539 30 6
Scarselli Elementary School Middle Regular 539 30 6
Douglas County High School High Regular 1,265 64 9

Scarselli Elementary School

  • Education Level: Primary
  • # of students: 539
  • # of teachers: 30
6
GreatSchools Rating

Scarselli Elementary School

  • Education Level: Middle
  • # of students: 539
  • # of teachers: 30
6
GreatSchools Rating

Douglas County High School

  • Education Level: High
  • # of students: 1,265
  • # of teachers: 64
9
GreatSchools Rating
 

$316,374$386,680$351,527

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$1,297
Property Tax -$161
Property Insurance -$57
Property Management Fees -$119
CASH FLOW
-$44

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.

$351,527

PROJECTED PRICE

$1,590

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 10.68%
Maintenance Year (1-5) 8.00%
Vacancy 6.00%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,905

INVESTMENT

$98,905

Down Payment
$87,882
Rehab Estimate
$5,750
Closing Costs
$5,273

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,297

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,882
Loan Amount $263,645
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$19,041

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
  • $1,555

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4003$1,600
$1,600
RENT COMPS ANALYSIS
  • 1336 Victoria Drive Gardnerville, 1
    • 3 beds 2 baths ∙ 1,460 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,460 Sqft ∙ Built 1987
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1283 Dora #b Gardnerville, 2
    • 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1993
    property image
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.06
    •  
  • 1336 Mary Jo Drive Gardnerville, 3
    • 4 beds 2 baths ∙ 1,500 Sqft ∙ Built 1990 4 beds 2 baths ∙ 1,500 Sqft ∙ Built 1990
    property image
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.07
    •  
PROPERTY LISTING DETAILS
Dick Mccole
Re/max Realty Affiliates
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200011250
Last Updated: 08/18/2020
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