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207 Emigrant Way Fernley, NV 89408

3 Beds 2 Baths 1,499 sqft Built 2001

INVESTimate

$272,000

List Price

$1,620

$1,458 - $1,782

Rent Est.

$311,086  ( +14.37%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2001
  • Price/Sqft : $181.45
  • 10 Days on Market
  • MLS # : 200011294
  • Updated Date : 08/18/2020 at 06:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,499 sqft
  • Baths : 2 full
Listing Agent

Ll Realty Inc. - Fernley

Listing Agent's Description

Very well taken care of home with modern styling, 3 car garage, tactful landscaping, and open layout. Wont last long in this price range!!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 89408

ZipNIR Market*CityMarket2010Year20022019100k120k140k160k180k200k220k240kPrice in $91k245k

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

Zip Code: 89408

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
East Valley Elementary School Primary Regular 436 13 8
Fernley Intermediate School Middle Regular 535 10 NA
Fernley High School High Regular 951 21 6

East Valley Elementary School

  • Education Level: Primary
  • # of students: 436
  • # of teachers: 13
8
GreatSchools Rating

Fernley Intermediate School

  • Education Level: Middle
  • # of students: 535
  • # of teachers: 10
NA
GreatSchools Rating

Fernley High School

  • Education Level: High
  • # of students: 951
  • # of teachers: 21
6
GreatSchools Rating
 

$244,800$299,200$272,000

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$1,004
Property Tax -$223
Property Insurance -$58
Property Management Fees -$119
CASH FLOW
$216

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.

$272,000

PROJECTED PRICE

$1,620

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 14.37%
Maintenance Year (1-5) 8.00%
Vacancy 6.00%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,830

INVESTMENT

$77,830

Down Payment
$68,000
Rehab Estimate
$5,750
Closing Costs
$4,080

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,004

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,000
Loan Amount $204,000
See What Happens When You Reinvest Cash Flow

8.75

YEARS SAVED

$38,384

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
  • $1,744

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4953$1,5504$1,650
$1,650
RENT COMPS ANALYSIS
  • 207 Emigrant Way Fernley, 1
    • 3 beds 2 baths ∙ 1,499 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,499 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1745 Autumn Glen St. Fernley, 2
    • 3 beds 2 baths ∙ 1,405 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,405 Sqft ∙ Built 2004
    LEASED 06/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.06
    •  
  • 1342 Winnie's Ln Fernley, 3
    • 3 beds 2 baths ∙ 1,402 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,402 Sqft ∙ Built 2005
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.11
    •  
  • 1520 Trubode Fernley, 4
    • 3 beds 2 baths ∙ 1,250 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,250 Sqft ∙ Built 2005
    LEASED 02/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.32
    •  
PROPERTY LISTING DETAILS
Brian Houghton
Ll Realty Inc. - Fernley
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200011294
Last Updated: 08/18/2020
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