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PROPERTY INFO
FACTS
- Single Family
- Built In 1991
- Price/Sqft : $268.67
- 2 Days on Market
- MLS # : 210000557
- Updated Date : 01/16/2021 at 23:04
CONSTRUCTION
- Beds : 4
- Floor Size : 1,768 sqft
- Baths : 2 full , 1 half
Listing Agent
Coldwell Banker Select Reno
Listing Agent's Description
Incredible turn key home features artisanal and craftsmen updates throughout. Walk in with welcoming detail everywhere you look, hardwood flooring, wooden columns, smooth detextured walls, recessed lighting, fully upgraded kitchen with high end appliances, pass-through Carrera Marble breakfast counter, breathtaking floor-to-ceiling stone fireplace and beautiful floor plan. Master bath has dual sinks, luxurious heated flooring, and Bluetooth speakers. Highly sought after neighborhood and schools.
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PRICE & RENT TRENDS
Zip Code: 89701
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 89701
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,050 |
| EXPENSES | Loan Payment | -$1,650 |
| Property Tax | -$201 | |
| Property Insurance | -$64 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$17
|
||
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.
$475,000
PROJECTED PRICE
$2,050
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.50% |
| Appreciation Year (1-5) | 12.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.00% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$131,625
LOAN DETAILS
$1,650
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $118,750 |
| Loan Amount | $356,250 |
5.33
YEARS SAVED
$26,894
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$2,210
COMP ESTIMATED VALUE -
$1.25
COMP AVG. RENT PER SQFT
Comps Range
-
1775 Myles Way Carson City, NV 1
- 4 beds 3 baths ∙ 1,768 Sqft ∙ Built 1991 4 beds 3 baths ∙ 1,768 Sqft ∙ Built 1991
- Rent
- Rent Per SQFT
- $0
- $0.00
-
394 Sunchase Court Carson City, NV 2
- 3 beds 2 baths ∙ 1,430 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,430 Sqft ∙ Built 1993
LEASED 06/18/20- Rent
- Rent Per SQFT
- $1,700
- $1.19
-
1266 Canvasback Drive Carson City, NV 3
- 3 beds 2 baths ∙ 1,427 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,427 Sqft ∙ Built 2006
LEASED 01/08/21- Rent
- Rent Per SQFT
- $1,875
- $1.31
PROPERTY LISTING DETAILS
Coldwell Banker Select Reno
1.866.250.5610
Mynd Property Management
1453579
MLS #: 210000557
Last Updated: 01/16/2021
