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791 Hornet Dr Gardnerville, NV 89460

3 Beds 2 Baths 1,120 sqft Built 1985

INVESTimate

$349,000

List Price

$1,190

$1,071 - $1,309

Rent Est.

$386,273  ( +10.68%)   1 YR EST. FORECAST

PROPERTY INFO

August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 1985
  • Price/Sqft : $311.61
  • 8 Days on Market
  • MLS # : 200011392
  • Updated Date : 08/23/2020 at 16:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,120 sqft
  • Baths : 2 full
Listing Agent

Intero Re Alpine Sierra Llc

Listing Agent's Description

Move in ready with 3 beds, 2 baths, a private back yard, the entire property is very low maintenance! There is a large paved side yard perfect for RV storage with enough room to build a detached garage or shop. Mountain views from the living room and guest rooms, come see this one before its gone!

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
Scarselli Elementary School Primary Regular 539 30 6
Scarselli Elementary School Middle Regular 539 30 6
Douglas County High School High Regular 1,265 64 9

Scarselli Elementary School

  • Education Level: Primary
  • # of students: 539
  • # of teachers: 30
6
GreatSchools Rating

Scarselli Elementary School

  • Education Level: Middle
  • # of students: 539
  • # of teachers: 30
6
GreatSchools Rating

Douglas County High School

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

$314,100$383,900$349,000

PURCHASE PRICE

$1,071$1,309$1,190

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,190
EXPENSES Loan Payment -$1,288
Property Tax -$131
Property Insurance -$50
Property Management Fees -$119
CASH FLOW
-$398

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.

$349,000

PROJECTED PRICE

$1,190

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 10.68%
Maintenance Year (1-5) 8.00%
Vacancy 6.00%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,235

INVESTMENT

$98,235

Down Payment
$87,250
Rehab Estimate
$5,750
Closing Costs
$5,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,288

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,250
Loan Amount $261,750
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,000

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,190

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $1,187

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,190
1$1,1902$1,400
$1,400
RENT COMPS ANALYSIS
  • 791 Hornet Dr Gardnerville, 1
    • 3 beds 2 baths ∙ 1,120 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,120 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,190
    • $1.06
    •  
  • 1283 Dora #b Gardnerville, 2
    • 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1993
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.06
    •  
PROPERTY LISTING DETAILS
Darrell Johnson
Intero Re Alpine Sierra Llc
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200011392
Last Updated: 08/23/2020
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