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309 Rawhide Way Carson City, NV 89701

4 Beds 2 Baths 1,284 sqft Built 1971

INVESTimate

$315,000

List Price

$1,480

$1,332 - $1,628

Rent Est.

$353,588  ( +12.25%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1971
  • Price/Sqft : $245.33
  • 7 Days on Market
  • MLS # : 200011459
  • Updated Date : 08/25/2020 at 06:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,284 sqft
  • Baths : 1 full , 1 half
Listing Agent

Dickson Realty - Caughlin

Listing Agent's Description

Come see this cute, move-in ready home! All new vinyl flooring throughout the main living areas, new carpet in the bedrooms, and tile in the bathrooms. Interior freshly painted with neutral two-toned paint. New baseboards, lights and hardware as well. Exterior was painted approximately 5 years ago. Air conditioning to keep you cool on these hot summer days. Covered patio to sit under in the mature landscaping in the back yard. You can make pies from the mix of fruit trees in the backyard!

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
Bordewich Bray Elementary School Primary Regular 650 39 6
Carson Middle School Middle Regular 1,061 56 NA
Carson High School High Regular 2,157 100 7

Bordewich Bray Elementary School

  • Education Level: Primary
  • # of students: 650
  • # of teachers: 39
6
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
 

$283,500$346,500$315,000

PURCHASE PRICE

$1,332$1,628$1,480

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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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 $1,480
EXPENSES Loan Payment -$1,162
Property Tax -$110
Property Insurance -$54
Property Management Fees -$119
CASH FLOW
$36

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.

$315,000

PROJECTED PRICE

$1,480

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 12.25%
Maintenance Year (1-5) 8.00%
Vacancy 6.00%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

5.92

YEARS SAVED

$24,425

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
  • $1,584

    COMP ESTIMATED VALUE
  • $1.23

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4003$1,4504$1,650
$1,650
RENT COMPS ANALYSIS
  • 309 Rawhide Way Carson City, 1
    • 4 beds 2 baths ∙ 1,284 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,284 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1170 Goldfield Ave Carson City, 2
    • 3 beds 2 baths ∙ 1,124 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,124 Sqft ∙ Built 1979
    LEASED 04/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.25
    •  
  • 2205 Mayflower Carson City, 3
    • 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
    •  
  • 3371 Kitchen Dr Carson City, 4
    • 3 beds 2 baths ∙ 1,280 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,280 Sqft ∙ Built 1987
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.29
    •  
PROPERTY LISTING DETAILS
Wendy Mcphail
Dickson Realty - Caughlin
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200011459
Last Updated: 08/25/2020
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