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INVESTimate
$325,000
List Price
$91,875
REQUEST INFO
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PROPERTY INFO
FACTS
- Built In 1998
- Price/Sqft : $165.65
- 2 Days on Market
- MLS # : 200011767
- Updated Date : 08/26/2020 at 03:09
CONSTRUCTION
- Beds : 3
- Floor Size : 1,962 sqft
- Baths : 2 full
Listing Agent
Chase International-damonte
Listing Agent's Description
Welcome home! Set on one of the largest lots in the Golf Club at Fernley community, this beautiful single level home is ideal for entertaining during all seasons and offers substantial space for RV parking and recreational equipment storage. The private backyard features a huge patio that is bordered by trees and provides the perfect space for a summer BBQ with friends. Inside the home, the great room concept with high ceilings and lots of natural light make the home feel more spacious and welcoming.
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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 | $1,700 |
EXPENSES | Loan Payment | -$1,199 |
Property Tax | -$238 | |
Property Insurance | -$67 | |
HOA | -$100 | |
Property Management Fees | -$119 | |
CASH FLOW
-$24
|
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.
$325,000
PROJECTED PRICE
$1,700
PROJECTED RENT
0.52%
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
$91,875
LOAN DETAILS
$1,199
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $81,250 |
Loan Amount | $243,750 |
4.33
YEARS SAVED
$16,004
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
-
$1,756
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
Chase International-damonte
1.866.250.5610
Mynd Property Management
1453579
MLS #: 200011767
Last Updated: 08/26/2020