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2354 Gregg Street Carson City, NV 89701

3 Beds 2 Baths 1,716 sqft Built 1979

$489,000

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $284.97
  • 3 Days on Market
  • MLS # : 210000258
  • Updated Date : 01/09/2021 at 19:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,716 sqft
  • Baths : 2 full
Listing Agent

Re/max Realty Affiliates

Listing Agent's Description

Custom ranch-style 3 bed 2 bath home fully updated and upgraded in 2005. Open concept with custom kitchen with extra large island ideal for entertaining. Great storage throughout. Bedroom closets all have built-in shelving. Hardwood flooring throughout. Cozy up by the wood-burning fireplace. Mature landscaping includes fruit and lilac trees, spruces, and cedars. New vinyl fencing. New shed. Relax in the evenings in your new salt water hot tub. RV Parking. Close to shopping, restaurants, and medical.

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
Empire Elementary School Primary Regular 566 39 2
Eagle Valley Middle School Middle Regular 659 35 NA
Carson High School High Regular 2,157 100 7

Empire Elementary School

  • Education Level: Primary
  • # of students: 566
  • # of teachers: 39
2
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
 

$440,100$537,900$489,000

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$1,698
Property Tax -$174
Property Insurance -$62
Property Management Fees -$119
CASH FLOW
-$274

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.

$489,000

PROJECTED PRICE

$1,780

PROJECTED RENT

0.36%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

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$135,335

INVESTMENT

$135,335

Down Payment
$122,250
Rehab Estimate
$5,750
Closing Costs
$7,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,698

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $122,250
Loan Amount $366,750
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$8,970

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
  • $1,956

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,750
$1,750
RENT COMPS ANALYSIS
  • 2354 Gregg Street Carson City, NV 1
    • 3 beds 2 baths ∙ 1,716 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,716 Sqft ∙ Built 1979
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4218 Quinn Dr Carson City, NV 2
    • 3 beds 2 baths ∙ 1,536 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,536 Sqft ∙ Built 1993
    property image
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.14
    •  
PROPERTY LISTING DETAILS
Caroline Sarda
Re/max Realty Affiliates
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 210000258
Last Updated: 01/09/2021
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