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572 Norfolk Drive Carson City, NV 89703

3 Beds 2 Baths 1,927 sqft Built 1999

INVESTimate

$550,000

List Price

$2,120

$1,908 - $2,332

Rent Est.

$598,125  ( +8.75%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1999
  • Price/Sqft : $285.42
  • 7 Days on Market
  • MLS # : 200011454
  • Updated Date : 08/23/2020 at 00:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,927 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Select Re Cc

Listing Agent's Description

Desirable clean & bright West Carson Kings Canyon Highlands Plan 1 home. Views of the Sierras, "C" Hill, and Long Ranch Park. Surrounded by walking paths and wildlife (deer, bunnies, squirrels, bear, etc). This one owner home with 2 fireplaces, upgraded solid granite kitchen counters, brand new carpeting, 6 month old water heater, solatube in one bath area, and skylight in other bath area, RV parking, storage shed, mature trees and landscape. A great home for those that like to walk, bike, or hike.

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
 

$495,000$605,000$550,000

PURCHASE PRICE

$1,908$2,332$2,120

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$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$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$1.6M$1.8M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,120
EXPENSES Loan Payment -$2,029
Property Tax -$343
Property Insurance -$67
Property Management Fees -$119
CASH FLOW
-$438

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.

$550,000

PROJECTED PRICE

$2,120

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 8.75%
Maintenance Year (1-5) 8.00%
Vacancy 6.00%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,500

INVESTMENT

$151,500

Down Payment
$137,500
Rehab Estimate
$5,750
Closing Costs
$8,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,029

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $137,500
Loan Amount $412,500
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$5,613

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
  • $2,300

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9003$1,9504$2,500
$2,500
RENT COMPS ANALYSIS
  • 572 Norfolk Drive Carson City, 1
    • 3 beds 2 baths ∙ 1,927 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,927 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 688 Anderson St Carson City, 2
    • 3 beds 3 baths ∙ 1,672 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,672 Sqft ∙ Built 2017
    LEASED 12/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.14
    •  
  • 968 Centerville St Carson City, 3
    • 3 beds 3 baths ∙ 1,708 Sqft ∙ Built 2019 3 beds 3 baths ∙ 1,708 Sqft ∙ Built 2019
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.14
    •  
  • 2142 Saint George Way Carson City, 4
    • 3 beds 2 baths ∙ 1,927 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,927 Sqft ∙ Built 1996
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.30
    •  
PROPERTY LISTING DETAILS
Valerie Wyman
Coldwell Banker Select Re Cc
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200011454
Last Updated: 08/23/2020
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