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

547 Osprey Way Fernley, NV 89408

4 Beds 2 Baths 1,743 sqft Built 2018

INVESTimate

$330,000

List Price

$1,760

$1,584 - $1,936

Rent Est.

$377,421  ( +14.37%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 2018
  • Price/Sqft : $189.33
  • 2 Days on Market
  • MLS # : 200011743
  • Updated Date : 08/25/2020 at 19:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,743 sqft
  • Baths : 2 full
Listing Agent

Ll Realty Inc. - Fernley

Listing Agent's Description

No need to look any further. Wether you work in Reno or at USA Pky you'll only be a short drive away. This home has everything you could want. These remarks will be updated 9-1-2020

SEE MORE

PRICE & RENT TRENDS

Zip Code: 89408

ZipNIR Market*CityMarket2010Year20022019100k120k140k160k180k200k220k240kPrice in $91k245k

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

Zip Code: 89408

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
Fernley Elementary School Primary Regular 450 13 4
Fernley Intermediate School Middle Regular 535 10 NA
Fernley High School High Regular 951 21 6

Fernley Elementary School

  • Education Level: Primary
  • # of students: 450
  • # of teachers: 13
4
GreatSchools Rating

Fernley Intermediate School

  • Education Level: Middle
  • # of students: 535
  • # of teachers: 10
NA
GreatSchools Rating

Fernley High School

  • Education Level: High
  • # of students: 951
  • # of teachers: 21
6
GreatSchools Rating
 

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

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

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

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$1,218
Property Tax -$280
Property Insurance -$63
Property Management Fees -$119
CASH FLOW
$80

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

$1,760

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 14.37%
Maintenance Year (1-5) 8.00%
Vacancy 6.00%
Length of Stay Years 2

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

$1,218

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

6.08

YEARS SAVED

$26,624

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
  • $1,569

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,495
$1,495
RENT COMPS ANALYSIS
  • 547 Osprey Way Fernley, 1
    • 4 beds 2 baths ∙ 1,743 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,743 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 943 Atrium Road Fernley, 2
    • 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 2000
    property image
    LEASED 08/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.90
    •  
PROPERTY LISTING DETAILS
Brian Houghton
Ll Realty Inc. - Fernley
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200011743
Last Updated: 08/25/2020
BESbswy