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2027 Clover Ct Carson City, NV 89703

3 Beds 2 Baths 1,939 sqft Built 1995

$499,000

List Price

$1,980

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $257.35
  • 3 Days on Market
  • MLS # : 200016252
  • Updated Date : 11/28/2020 at 02:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,939 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathaway

Listing Agent's Description

Newley renovated Silver Oak home located on quiet cul-de-sac. This spacious open floor property is turn key and ready to move in.

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PRICE & RENT TRENDS

Zip Code: 89703

ZipNIR Market*CityMarket2010Year20002019160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $144k400k

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

Zip Code: 89703

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
Fritsch Elementary School Primary Regular 544 32 5
Carson Middle School Middle Regular 1,061 56 NA
Carson High School High Regular 2,157 100 7

Fritsch Elementary School

  • Education Level: Primary
  • # of students: 544
  • # of teachers: 32
5
GreatSchools Rating

Carson Middle School

  • Education Level: Middle
  • # of students: 1,061
  • # of teachers: 56
NA
GreatSchools Rating

Carson High School

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

$449,100$548,900$499,000

PURCHASE PRICE

$1,782$2,178$1,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,980
EXPENSES Loan Payment -$1,841
Property Tax -$281
Property Insurance -$67
HOA -$70
Property Management Fees -$119
CASH FLOW
-$398

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.

$499,000

PROJECTED PRICE

$1,980

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 8.8%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$137,985

INVESTMENT

$137,985

Down Payment
$124,750
Rehab Estimate
$5,750
Closing Costs
$7,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,841

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $124,750
Loan Amount $374,250
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$4,827

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
  • $2,337

    COMP ESTIMATED VALUE
  • $1.21

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9003$2,500
$2,500
RENT COMPS ANALYSIS
  • 2027 Clover Ct Carson City, NV 1
    • 3 beds 2 baths ∙ 1,939 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,939 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3511 Imperial Carson City, NV 2
    • 3 beds 2 baths ∙ 1,709 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,709 Sqft ∙ Built 1975
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.11
    •  
  • 2142 Saint George Way Carson City, NV 3
    • 3 beds 2 baths ∙ 1,927 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,927 Sqft ∙ Built 1996
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.30
    •  
PROPERTY LISTING DETAILS
Francesco Dimartino
Berkshire Hathaway
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200016252
Last Updated: 11/28/2020
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