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1381 Rancho Gardnerville, NV 89460

3 Beds 2 Baths 1,288 sqft Built 1992

$365,000

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $283.39
  • 39 Days on Market
  • MLS # : 200016431
  • Updated Date : 12/13/2020 at 01:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,288 sqft
  • Baths : 2 full
Listing Agent

Re/max Realty Affiliates

Listing Agent's Description

Nice open floor plan on this home, Paint and carpet about two years ago, New furnace, Great backyard, Great location, Call Listing agent for a private showing. Pictures will be uploaded by wednesday.

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
 

$328,500$401,500$365,000

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$1,268
Property Tax -$428
Property Insurance -$54
Property Management Fees -$119
CASH FLOW
-$428

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

$1,440

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 10.7%
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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,268

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$128

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
  • $1,520

    COMP ESTIMATED VALUE
  • $1.18

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,700
$1,700
RENT COMPS ANALYSIS
  • 1381 Rancho Gardnerville, NV 1
    • 3 beds 2 baths ∙ 1,288 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,288 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 800 Hornet Gardnerville, NV 2
    • 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1990
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.18
    •  
PROPERTY LISTING DETAILS
Dale Armstrong
Re/max Realty Affiliates
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200016431
Last Updated: 12/13/2020
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