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1425 Gregg Carson City, NV 89701

3 Beds 3 Baths 1,556 sqft Built 1993

INVESTimate

$424,900

List Price

$1,850

$1,665 - $2,035

Rent Est.

$476,950  ( +12.25%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1993
  • Price/Sqft : $273.07
  • 6 Days on Market
  • MLS # : 200011552
  • Updated Date : 08/26/2020 at 06:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,556 sqft
  • Baths : 2 full , 1 half
Listing Agent

Chase International Carson Val

Listing Agent's Description

VIEWS VIEWS VIEWS! This home offers a rare opportunity to have golf course and mountain views with back yard gate access to beautiful walking trails along the river and the Empire Ranch golf course. This well cared for home has a large and private back yard, with a terraced garden area beyond the fence line. Featuring a 3 car garage, cedar shed, hot tub, new furnace, walk in master closet, and an oversized lot. Enjoy sunrises in the hot tub and afternoon shade overlooking the lush meadows and mountains.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 89701

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300kPrice in $134k312k

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

Zip Code: 89701

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
Empire Elementary School Primary Regular 566 39 2
Eagle Valley Middle School Middle Regular 659 35 NA
Carson High School High Regular 2,157 100 7

Empire Elementary School

  • Education Level: Primary
  • # of students: 566
  • # of teachers: 39
2
GreatSchools Rating

Eagle Valley Middle School

  • Education Level: Middle
  • # of students: 659
  • # of teachers: 35
NA
GreatSchools Rating

Carson High School

  • Education Level: High
  • # of students: 2,157
  • # of teachers: 100
7
GreatSchools Rating
 

$382,410$467,390$424,900

PURCHASE PRICE

$1,665$2,035$1,850

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$1.6M

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$1,568
Property Tax -$207
Property Insurance -$59
Property Management Fees -$119
CASH FLOW
-$103

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.

$424,900

PROJECTED PRICE

$1,850

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 12.25%
Maintenance Year (1-5) 8.00%
Vacancy 6.00%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,349

INVESTMENT

$118,349

Down Payment
$106,225
Rehab Estimate
$5,750
Closing Costs
$6,374

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,568

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $106,225
Loan Amount $318,675
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$18,902

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
  • $2,023

    COMP ESTIMATED VALUE
  • $1.3

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4503$1,850
$1,850
RENT COMPS ANALYSIS
  • 1425 Gregg Carson City, 1
    • 3 beds 3 baths ∙ 1,556 Sqft ∙ Built 1993 3 beds 3 baths ∙ 1,556 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2205 Mayflower Carson City, 2
    • 3 beds 2 baths ∙ 1,248 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,248 Sqft ∙ Built 1982
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.16
    •  
  • 2462 Havenwood Ct. Carson City, 3
    • 3 beds 2 baths ∙ 1,288 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,288 Sqft ∙ Built 2000
    LEASED 11/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.44
    •  
PROPERTY LISTING DETAILS
Elisha Mcintire
Chase International Carson Val
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200011552
Last Updated: 08/26/2020
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