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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $211.08
- 7 Days on Market
- MLS # : 210000108
- Updated Date : 01/10/2021 at 06:12
CONSTRUCTION
- Beds : 3
- Floor Size : 1,850 sqft
- Baths : 2 full
Listing Agent
Nevada Prime Real Estate Llc
Listing Agent's Description
Spacious and open, this home gives you a warm and cozy feeling right when you enter. Large living room includes gas log fireplace, built-in entertainment area and ceiling fan. Kitchen features stainless steel appliances: gas range with double oven, built-in microwave and dishwasher, plus island/breakfast bar and pantry. Office/den could serve as game room, home gym, library or play room. Master suite includes double doors, double sinks, jetted tub and huge walk-in closet. Reverse osmosis.
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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 | $2,090 |
| EXPENSES | Loan Payment | -$1,356 |
| Property Tax | -$308 | |
| Property Insurance | -$65 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$242
|
||
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.
$390,500
PROJECTED PRICE
$2,090
PROJECTED RENT
0.54%
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
$109,233
LOAN DETAILS
$1,356
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $97,625 |
| Loan Amount | $292,875 |
7.92
YEARS SAVED
$40,389
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$2,257
COMP ESTIMATED VALUE -
$1.22
COMP AVG. RENT PER SQFT
Comps Range
-
2970 N Fork #rd Fernley, NV 1
- 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 2004
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
2216 Windrow Dr Fernley, NV 2
- 3 beds 2 baths ∙ 1,514 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,514 Sqft ∙ Built 2019
![property image]()
LEASED 09/25/20- Rent
- Rent Per SQFT
- $1,845
- $1.22
PROPERTY LISTING DETAILS
Nevada Prime Real Estate Llc
1.866.250.5610
Mynd Property Management
1453579
MLS #: 210000108
Last Updated: 01/10/2021
