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2680 Lukens Lane Carson City, NV 89706

4 Beds 2 Baths 1,336 sqft Built 1968

$350,000

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1968
  • Price/Sqft : $261.98
  • 3 Days on Market
  • MLS # : 210001726
  • Updated Date : 02/13/2021 at 01:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,336 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Select Re Cc

PRICE & RENT TRENDS

Zip Code: 89706

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300kPrice in $128k312k

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

Zip Code: 89706

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
Fremont Elementary School Primary Regular 496 30 3
Carson Middle School Middle Regular 1,061 56 NA
Carson High School High Regular 2,157 100 7

Fremont Elementary School

  • Education Level: Primary
  • # of students: 496
  • # of teachers: 30
3
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
 

$315,000$385,000$350,000

PURCHASE PRICE

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

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$1,216
Property Tax -$111
Property Insurance -$55
Property Management Fees -$119
CASH FLOW
$120

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.

$350,000

PROJECTED PRICE

$1,620

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 11.3%
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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

7.08

YEARS SAVED

$29,824

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,620

    LIST RENT
  • $1.21

    LIST RENT PER SQFT
  • $1,657

    COMP ESTIMATED VALUE
  • $1.24

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,4503$1,5954$1,620
$1,620
RENT COMPS ANALYSIS
  • 2680 Lukens Lane Carson City, NV 4
    • 4 beds 2 baths ∙ 1,336 Sqft ∙ Built 1968 4 beds 2 baths ∙ 1,336 Sqft ∙ Built 1968
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $1.21
    •  
  • 1513 N Edmonds Drive #d Carson City, NV 1
    • 3 beds 2 baths ∙ 1,100 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,100 Sqft ∙ Built 1973
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.18
    •  
  • 2205 Mayflower Carson City, NV 2
    • 3 beds 2 baths ∙ 1,248 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,248 Sqft ∙ Built 1982
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.16
    •  
  • 1435 E Long Carson City, NV 3
    • 3 beds 2 baths ∙ 1,160 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,160 Sqft ∙ Built 1978
    LEASED 01/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.38
    •  
PROPERTY LISTING DETAILS
Bob Fredlund
Coldwell Banker Select Re Cc
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 210001726
Last Updated: 02/13/2021
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