Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1775 Myles Way Carson City, NV 89701

4 Beds 3 Baths 1,768 sqft Built 1991

$475,000

List Price

$2,050

$1.8K - $2.3K

Rent Est.

PROPERTY INFO

January 17, 2021 RECENTLY ADDED
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.

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
Seeliger Elementary School Primary Regular 591 32 5
Eagle Valley Middle School Middle Regular 659 35 NA
Carson High School High Regular 2,157 100 7

Seeliger Elementary School

  • Education Level: Primary
  • # of students: 591
  • # of teachers: 32
5
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
 

$427,500$522,500$475,000

PURCHASE PRICE

$1,845$2,255$2,050

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,650

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

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.

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,210

    COMP ESTIMATED VALUE
  • $1.25

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7003$1,875
$1,875
RENT COMPS ANALYSIS
  • 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
Chris Yochum
Coldwell Banker Select Reno
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 210000557
Last Updated: 01/16/2021
BESbswy