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625 Adaline Way Gardnerville, NV 89460

3 Beds 2 Baths 1,622 sqft Built 1989

$224,500

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $138.41
  • 5 Days on Market
  • MLS # : 210002253
  • Updated Date : 02/26/2021 at 22:38
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,622 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Select Re M

Listing Agent's Description

Opportunity awaits, home is a blank slate waiting for the new owner to add their personal touches. Home is walking distance to schools, located on quiet street, home has no neighbor directly behind the home and has mountain views from the front of property

SEE MORE

PRICE & RENT TRENDS

Zip Code: 89460

ZipNIR Market*CityMarket2010Year20002019180k200k220k240k260k280k300k320k340k360k380k400kPrice in $163k400k

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

Zip Code: 89460

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
Douglas County High School High Regular 1,265 64 9

Douglas County High School

  • Education Level: High
  • # of students: 1,265
  • # of teachers: 64
9
GreatSchools Rating
 

$202,050$246,950$224,500

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$780
Property Tax -$480
Property Insurance -$61
Property Management Fees -$119
CASH FLOW
$101

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.

$224,500

PROJECTED PRICE

$1,540

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 10.7%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,243

INVESTMENT

$65,243

Down Payment
$56,125
Rehab Estimate
$5,750
Closing Costs
$3,368

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$780

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $56,125
Loan Amount $168,375
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$14,128

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
  • $1,825

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6003$1,700
$1,700
RENT COMPS ANALYSIS
  • 625 Adaline Way Gardnerville, NV 1
    • 3 beds 2 baths ∙ 1,622 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,622 Sqft ∙ Built 1989
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1336 Mary Jo Drive Gardnerville, NV 2
    • 4 beds 2 baths ∙ 1,500 Sqft ∙ Built 1990 4 beds 2 baths ∙ 1,500 Sqft ∙ Built 1990
    property image
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.07
    •  
  • 800 Hornet Gardnerville, NV 3
    • 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1990
    property image
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.18
    •  
PROPERTY LISTING DETAILS
Ty Dodd
Coldwell Banker Select Re M
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 210002253
Last Updated: 02/26/2021
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