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3096 Austin Lane Carson City, NV 89701

2 Beds 2 Baths 1,227 sqft Built 1992

$325,000

List Price

$1,310

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $264.87
  • 3 Days on Market
  • MLS # : 210003195
  • Updated Date : 03/13/2021 at 16:53
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,227 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

Welcome home to the DoubleTree community where this 2 bedroom, 2 bathroom patio home is well placed on a large corner lot. This home boasts granite kitchen surface, newer stainless steel appliances, vaulted ceilings in the master bedroom and living room. Dining area with large bay windows to let light in, slider doors exit to the back yard in living room and master bedroom.

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
Seeliger Elementary School Primary Regular 591 32 5
Eagle Valley Middle School Middle Regular 659 35 NA
Carson High School High Regular 2,157 100 7

Seeliger Elementary School

  • Education Level: Primary
  • # of students: 591
  • # of teachers: 32
5
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
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,179$1,441$1,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,310
EXPENSES Loan Payment -$1,129
Property Tax -$121
Property Insurance -$59
HOA -$69
Property Management Fees -$119
CASH FLOW
-$187

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.

$325,000

PROJECTED PRICE

$1,310

PROJECTED RENT

0.40%

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$5,236

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
  • $1,270

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$8503$1,400
$1,400
RENT COMPS ANALYSIS
  • 3096 Austin Lane Carson City, NV 1
    • 2 beds 2 baths ∙ 1,227 Sqft ∙ Built 1992 2 beds 2 baths ∙ 1,227 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 202 S Carson Meadows Dr. Carson City, NV 2
    • 2 beds 2 baths ∙ 900 Sqft ∙ Built 1972 2 beds 2 baths ∙ 900 Sqft ∙ Built 1972
    LEASED 10/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $850
    • $0.94
    •  
  • 830 Travis Dr #b Carson City, NV 3
    • 2 beds 3 baths ∙ 1,240 Sqft ∙ Built 1981 2 beds 3 baths ∙ 1,240 Sqft ∙ Built 1981
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.13
    •  
PROPERTY LISTING DETAILS
Megan Sells
Exp Realty
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 210003195
Last Updated: 03/13/2021
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