Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

3111 Surrey Lane Carson City, NV 89706

3 Beds 2 Baths 1,200 sqft Built 1991

$289,000

List Price

$1,360

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1991
  • Price/Sqft : $240.83
  • 6 Days on Market
  • MLS # : 200015177
  • Updated Date : 10/31/2020 at 16:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,200 sqft
  • Baths : 1 full , 1 half
Listing Agent

Berkshire Hathaway

Listing Agent's Description

Cozy and comfortable 3 bedroom home on attractive .29 acre with plenty of room to build a garage. Delicious fruit trees, apple pear, peach,nectarine and tart cherry. Good counter space for cooking. Energy efficient temperature regulation with Cleanspace in Crawlspace.

SEE MORE

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
 

$260,100$317,900$289,000

PURCHASE PRICE

$1,224$1,496$1,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,360
EXPENSES Loan Payment -$1,066
Property Tax -$115
Property Insurance -$52
Property Management Fees -$119
CASH FLOW
$8

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.

$289,000

PROJECTED PRICE

$1,360

PROJECTED RENT

0.47%

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,335

INVESTMENT

$82,335

Down Payment
$72,250
Rehab Estimate
$5,750
Closing Costs
$4,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,066

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,250
Loan Amount $216,750
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$19,893

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
  • $1,496

    COMP ESTIMATED VALUE
  • $1.25

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4503$1,7504$1,850
$1,850
RENT COMPS ANALYSIS
  • 3111 Surrey Lane Carson City, NV 1
    • 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1991
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2205 Mayflower Carson City, NV 2
    • 3 beds 2 baths ∙ 1,248 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,248 Sqft ∙ Built 1982
    property image
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.16
    •  
  • 4218 Quinn Dr Carson City, NV 3
    • 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
    •  
  • 2462 Havenwood Ct. Carson City, NV 4
    • 3 beds 2 baths ∙ 1,288 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,288 Sqft ∙ Built 2000
    property image
    LEASED 11/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.44
    •  
PROPERTY LISTING DETAILS
Daniel Andrade
Berkshire Hathaway
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200015177
Last Updated: 10/31/2020
BESbswy