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3818 Alexa Way Carson City, NV 89706

3 Beds 2 Baths 1,491 sqft Built 1995

$375,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $251.51
  • 4 Days on Market
  • MLS # : 210000265
  • Updated Date : 01/09/2021 at 22:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,491 sqft
  • Baths : 2 full
Listing Agent

Chase International Carson Val

Listing Agent's Description

This home has had some recent upgrading! 3 bedroom/2 bath home is located in a desirable neighborhood. Newly replaced HVAC System, new carpet and fresh paint. Washer, Dryer, and Kitchen Refrigerator are included at no value or warranty. Storage shed to remain with property as well. Low maintenance yard makes for easy upkeep!

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
Fritsch Elementary School Primary Regular 544 32 5
Carson Middle School Middle Regular 1,061 56 NA
Carson High School High Regular 2,157 100 7

Fritsch Elementary School

  • Education Level: Primary
  • # of students: 544
  • # of teachers: 32
5
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
 

$337,500$412,500$375,000

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$1,303
Property Tax -$184
Property Insurance -$58
Property Management Fees -$119
CASH FLOW
-$3

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.

$375,000

PROJECTED PRICE

$1,660

PROJECTED RENT

0.44%

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$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,303

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$19,590

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
  • $1,874

    COMP ESTIMATED VALUE
  • $1.26

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8003$1,8504$1,900
$1,900
RENT COMPS ANALYSIS
  • 3818 Alexa Way Carson City, NV 1
    • 3 beds 2 baths ∙ 1,491 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,491 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2496 Chardonnay Carson City, NV 2
    • 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 1997
    property image
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.22
    •  
  • 2462 Havenwood Ct. Carson City, NV 3
    • 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
    •  
  • 3511 Imperial Carson City, NV 4
    • 3 beds 2 baths ∙ 1,709 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,709 Sqft ∙ Built 1975
    property image
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.11
    •  
PROPERTY LISTING DETAILS
Kristine Seward
Chase International Carson Val
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 210000265
Last Updated: 01/09/2021
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