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1411 Purple Sage Gardnerville, NV 89460

3 Beds 2 Baths 1,670 sqft Built 1992

INVESTimate

$399,999

List Price

$1,730

$1,557 - $1,903

Rent Est.

$442,719  ( +10.68%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1992
  • Price/Sqft : $239.52
  • 7 Days on Market
  • MLS # : 200011438
  • Updated Date : 08/22/2020 at 15:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,670 sqft
  • Baths : 2 full
Listing Agent

Rcm Realty Group Cv

Listing Agent's Description

Charming home on a great street. Mountain views from the covered back patio. Fully landscaped with sprinklers and drip. Updated kitchen and flooring throughout. There is RV parking beside the house. The property is a short trip to Tahoe, Carson, Reno, and especially to the conveniences of Gardnerville/Minden. This home will not last long.

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
 

$359,999$439,999$399,999

PURCHASE PRICE

$1,557$1,903$1,730

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-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$1,476
Property Tax -$191
Property Insurance -$62
Property Management Fees -$119
CASH FLOW
-$118

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.

$399,999

PROJECTED PRICE

$1,730

PROJECTED RENT

0.43%

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$111,750

INVESTMENT

$111,750

Down Payment
$100,000
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $100,000
Loan Amount $299,999
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$16,182

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
  • $1,787

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,600
$1,600
RENT COMPS ANALYSIS
  • 1411 Purple Sage Gardnerville, 1
    • 3 beds 2 baths ∙ 1,670 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,670 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1336 Mary Jo Drive Gardnerville, 2
    • 4 beds 2 baths ∙ 1,500 Sqft ∙ Built 1990 4 beds 2 baths ∙ 1,500 Sqft ∙ Built 1990
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.07
    •  
PROPERTY LISTING DETAILS
Devin Murphy
Rcm Realty Group Cv
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200011438
Last Updated: 08/22/2020
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