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1466 Angora Drive Gardnerville, NV 89410

3 Beds 2 Baths 1,232 sqft Built 1984

$355,000

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $288.15
  • 36 Days on Market
  • MLS # : 200016518
  • Updated Date : 12/07/2020 at 14:24
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,232 sqft
  • Baths : 2 full
Listing Agent

Intero Re Alpine Sierra Llc

Listing Agent's Description

Very nice home in the Gardnerville Ranchos, located within walking distance from the Elementary and Middle Schools. Beautiful views from the front and the back of the home, very big backyard with nice lawn, trees, storage shed and full fencing. Large areas on both sides of the home which would accommodate RV parking. The home has a newer roof (approximately 6 years old), new furnace, new exterior paint, new gas log freestanding stove and is well maintained throughout. Refrigerator is included.

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PRICE & RENT TRENDS

Zip Code: 89410

ZipNIR Market*CityMarket2010Year20002019180k200k220k240k260k280k300k320k340k360k380k400kPrice in $170k400k

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

Zip Code: 89410

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
 

$319,500$390,500$355,000

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,390
EXPENSES Loan Payment -$1,233
Property Tax -$373
Property Insurance -$53
Property Management Fees -$119
CASH FLOW
-$388

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.

$355,000

PROJECTED PRICE

$1,390

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 9.6%
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$99,825

INVESTMENT

$99,825

Down Payment
$88,750
Rehab Estimate
$5,750
Closing Costs
$5,325

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,233

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $88,750
Loan Amount $266,250
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$304

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
  • $1,454

    COMP ESTIMATED VALUE
  • $1.18

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,700
$1,700
RENT COMPS ANALYSIS
  • 1466 Angora Drive Gardnerville, NV 1
    • 3 beds 2 baths ∙ 1,232 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,232 Sqft ∙ Built 1984
    property image
    • 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
    property image
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.18
    •  
PROPERTY LISTING DETAILS
Teddy Mckone
Intero Re Alpine Sierra Llc
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200016518
Last Updated: 12/07/2020
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