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400 Mary Carson City, NV 89703

2 Beds 1 Baths 1,016 sqft Built 1955

$330,000

List Price

$1,160

$1K - $1.3K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1955
  • Price/Sqft : $324.80
  • 3 Days on Market
  • MLS # : 210000781
  • Updated Date : 01/24/2021 at 00:25
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,016 sqft
  • Baths : 1 full
Listing Agent

Rcm Realty Group Cv

Listing Agent's Description

Cute home in West Carson. Walk in to a large, cozy living room with tons of natural light. The kitchen has stainless steel appliances, brand new dishwasher and is big enough for a dining room table. Both bedrooms are a great size and have laminate flooring. Double pane, low E windows throughout and A/C. The backyard is the perfect size for playing, entertaining, or relaxing.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 89703

ZipNIR Market*CityMarket2010Year20002019160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $144k400k

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

Zip Code: 89703

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
Bordewich Bray Elementary School Primary Regular 650 39 6
Carson Middle School Middle Regular 1,061 56 NA
Carson High School High Regular 2,157 100 7

Bordewich Bray Elementary School

  • Education Level: Primary
  • # of students: 650
  • # of teachers: 39
6
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
 

$297,000$363,000$330,000

PURCHASE PRICE

$1,044$1,276$1,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,160
EXPENSES Loan Payment -$1,146
Property Tax -$98
Property Insurance -$48
Property Management Fees -$119
CASH FLOW
-$252

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.

$330,000

PROJECTED PRICE

$1,160

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 8.8%
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

PROJECTED ANNUAL CASH FLOW

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

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$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$3,551

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
  • $955

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$850
$850
RENT COMPS ANALYSIS
  • 400 Mary Carson City, NV 1
    • 2 beds 1 baths ∙ 1,016 Sqft ∙ Built 1955 2 beds 1 baths ∙ 1,016 Sqft ∙ Built 1955
    • 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
    •  
PROPERTY LISTING DETAILS
Kaycee Summers
Rcm Realty Group Cv
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 210000781
Last Updated: 01/24/2021
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