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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $198.38
- 3 Days on Market
- MLS # : 200016076
- Updated Date : 11/22/2020 at 03:06
CONSTRUCTION
- Beds : 3
- Floor Size : 1,608 sqft
- Baths : 2 full
Listing Agent
Keller Williams Group One Inc.
Listing Agent's Description
This charming 3 bed, 2 bath, 2 car garage home is 2 years old and feels brand new. Located in one of Fernley's newest communities with a spacious open floor plan with newly updated flooring, GE appliances, new black out blinds, new kitchen backsplash, new fan in master, shelving in garage and a separate food pantry. In the backyard you will find a newly poured spacious concrete patio for all of your BBQ and entertaining needs. Close to schools, shopping, gyms, restaurants and easy highway access.
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PRICE & RENT TRENDS
Zip Code: 89408
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 89408
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,580 |
| EXPENSES | Loan Payment | -$1,177 |
| Property Tax | -$274 | |
| Property Insurance | -$60 | |
| HOA | -$22 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$73
|
||
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.
$319,000
PROJECTED PRICE
$1,580
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.50% |
| Appreciation Year (1-5) | 14.4% |
| 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
$90,285
LOAN DETAILS
$1,177
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $79,750 |
| Loan Amount | $239,250 |
3.67
YEARS SAVED
$12,584
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
-
$1,576
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
-
179 Walnut Drive Fernley, NV 1
- 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 2018
- Rent
- Rent Per SQFT
- $0
- $0.00
-
715 Shadow Lane Fernley, NV 2
- 3 beds 2 baths ∙ 1,316 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,316 Sqft ∙ Built 1998
LEASED 10/07/19- Rent
- Rent Per SQFT
- $1,395
- $1.06
-
943 Atrium Road Fernley, NV 3
- 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 2000
LEASED 08/09/19- Rent
- Rent Per SQFT
- $1,495
- $0.90
PROPERTY LISTING DETAILS
Keller Williams Group One Inc.
1.866.250.5610
Mynd Property Management
1453579
MLS #: 200016076
Last Updated: 11/22/2020
