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959 Julia 
Fernley, NV
89408
3 Beds 2 Baths 1,944 sqft
Built 2006
INVESTimate
$355,000
List Price
$99,825
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PROPERTY INFO
FACTS
- Built In 2006
- Price/Sqft : $182.61
- 3 Days on Market
- MLS # : 200011701
- Updated Date : 08/25/2020 at 04:32
CONSTRUCTION
- Beds : 3
- Floor Size : 1,944 sqft
- Baths : 2 full
Listing Agent
Solid Source Realty
Listing Agent's Description
Beautiful home located on the golf course. This 3 bedroom 2 bath 3 car garage home has an plenty of storage and living space. Ceramic Tile looks like wood. Master suite includes a bonus room great for office, gym, or hobbies. Kitchen is fully equipped with brand new appliances. Refrigerator, washer, and dyer is included with the sale of the home at no added value. Brand new AC unit. Concrete pad in the back yard with two gazebos. Brand new sprinkler system.
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PRICE & RENT TRENDS
Zip Code: 89408
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 89408
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,810 |
| EXPENSES | Loan Payment | -$1,310 |
| Property Tax | -$298 | |
| Property Insurance | -$67 | |
| HOA | -$100 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$84
|
||
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.
$355,000
PROJECTED PRICE
$1,810
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| 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
INVESTMENT
$99,825
LOAN DETAILS
$1,310
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $88,750 |
| Loan Amount | $266,250 |
3.5
YEARS SAVED
$12,799
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
-
$1,740
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
-
959 Julia Fernley, 1
- 3 beds 2 baths ∙ 1,944 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,944 Sqft ∙ Built 2006
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
332 Bens Way Fernley, 2
- 3 beds 2 baths ∙ 2,018 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,018 Sqft ∙ Built 2005
![property image]()
LEASED 08/08/20- Rent
- Rent Per SQFT
- $1,600
- $0.79
-
219 Mary Lou Lane Fernley, 3
- 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 1996
![property image]()
LEASED 05/01/19- Rent
- Rent Per SQFT
- $1,650
- $1.00
PROPERTY LISTING DETAILS
Solid Source Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 200011701
Last Updated: 08/25/2020
