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321 Ski Way #176 Incline Village, NV 89451

3 Beds 3 Baths 1,512 sqft Built 1971

$799,000

List Price

$2,890

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1971
  • Price/Sqft : $528.44
  • 2 Days on Market
  • MLS # : 200015540
  • Updated Date : 11/07/2020 at 21:59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,512 sqft
  • Baths : 3 full
Listing Agent

Exp Realty

Listing Agent's Description

The best of Incline! This bright and spacious unit offers an updated kitchen, newly renovated bathrooms, gas fireplace, hardwood floors, built-in closets/storage, 2 balconies with treetop/peek lake view, large loft, 3 solar operated skylights, 1 car garage, & easy entry-level access. Being offered furnished/turn-key with kitchen set-up, linens, towels, etc. Mountain Shadows is STR-friendly and is conveniently located within a mile of restaurants, shopping, skiing, golfing, hiking, Hyatt Casino/Spa, private

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Mountain Shadows Incline

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $142k767k

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

Neighborhood: Mountain Shadows Incline

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q212001400160018002000220024002600280030003200340036003800Rent in $11083827

* 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
Incline Elementary School Primary Regular 425 25 3
Incline Middle School Middle Regular 227 14 NA
Incline High School High Regular 298 24 9

Incline Elementary School

  • Education Level: Primary
  • # of students: 425
  • # of teachers: 25
3
GreatSchools Rating

Incline Middle School

  • Education Level: Middle
  • # of students: 227
  • # of teachers: 14
NA
GreatSchools Rating

Incline High School

  • Education Level: High
  • # of students: 298
  • # of teachers: 24
9
GreatSchools Rating
 

$719,100$878,900$799,000

PURCHASE PRICE

$2,601$3,179$2,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,890
EXPENSES Loan Payment -$2,948
Property Tax -$23
Property Insurance -$59
HOA -$495
Property Management Fees -$119
CASH FLOW
-$754

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$799,000

PROJECTED PRICE

$2,890

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.70%
Appreciation Year (1-5) 2.7%
Maintenance Year (1-5) 8.00%
Vacancy 4.04%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$217,485

INVESTMENT

$217,485

Down Payment
$199,750
Rehab Estimate
$5,750
Closing Costs
$11,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,948

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $199,750
Loan Amount $599,250
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$6,955

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
  • $3,326

    COMP ESTIMATED VALUE
  • $2.2

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,800
$2,800
RENT COMPS ANALYSIS
  • 321 Ski Way #176 Incline Village, NV 1
    • 3 beds 3 baths ∙ 1,512 Sqft ∙ Built 1971 3 beds 3 baths ∙ 1,512 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 400 Fairview Blvd #1 Incline Village, NV 2
    • 3 beds 2 baths ∙ 1,270 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,270 Sqft ∙ Built 1972
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $2.20
    •  
PROPERTY LISTING DETAILS
Marian Huish
Exp Realty
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200015540
Last Updated: 11/07/2020
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