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321 Ski Way #65 Incline Village, NV 89451

3 Beds 3 Baths 1,360 sqft Built 1971

$720,000

List Price

$2,760

$2.5K - $3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $529.41
  • 4 Days on Market
  • MLS # : 210002332
  • Updated Date : 02/26/2021 at 16:59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,360 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

This is THE one! Beautiful turn-key end unit with rare wrap around deck and centrally located log stairway with banister, up to the second floor. This fully furnished 3 bed/2.5 bath unit offers filtered mountain views and is sure to delight at sunset! Cali Bamboo flooring in common areas pull perfectly from the wood ceilings while the bedrooms remain carpeted. Open kitchen includes stainless appliances including new dishwasher. Two skylights illuminate this already bright and beautiful unit.

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
 

$648,000$792,000$720,000

PURCHASE PRICE

$2,484$3,036$2,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,760
EXPENSES Loan Payment -$2,501
Property Tax -$21
Property Insurance -$56
HOA -$495
Property Management Fees -$119
CASH FLOW
-$432

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.

$720,000

PROJECTED PRICE

$2,760

PROJECTED RENT

0.38%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$196,550

INVESTMENT

$196,550

Down Payment
$180,000
Rehab Estimate
$5,750
Closing Costs
$10,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,501

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $180,000
Loan Amount $540,000
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$13,201

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
  • $2,992

    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 #65 Incline Village, NV 1
    • 3 beds 3 baths ∙ 1,360 Sqft ∙ Built 1971 3 beds 3 baths ∙ 1,360 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
Michelle Jezycki
Exp Realty
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 210002332
Last Updated: 02/26/2021
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