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1034 E Greenbrae Sparks, NV 89434

4 Beds 3 Baths 2,116 sqft Built 1975

$399,900

List Price

$2,030

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1975
  • Price/Sqft : $188.99
  • 2 Days on Market
  • MLS # : 210000036
  • Updated Date : 01/03/2021 at 00:44
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,116 sqft
  • Baths : 3 full
Listing Agent

Berkshire Hathaway Homeservice

Listing Agent's Description

A 4-bedroom beauty in Sparks great for entertaining! Beautifully remodeled tri-level home includes new interior and exterior paint, updated baths with floor to ceiling tile, and a beautifully done kitchen. The large formal living and dining area are perfect to host friends and family gatherings. There is one bedroom and full bath on the lower-level ideal for overnight guests or an in-law suite right next to the family room with a brick fireplace.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Spanish Springs

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $102k344k

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

Neighborhood: Spanish Springs

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q2100011001200130014001500160017001800Rent in $9561873

* 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
Dunn Elementary School Primary Regular 533 31 6
Dunn Elementary School Middle Regular 533 31 6
Reed High School High Regular 1,992 65 6

Dunn Elementary School

  • Education Level: Primary
  • # of students: 533
  • # of teachers: 31
6
GreatSchools Rating

Dunn Elementary School

  • Education Level: Middle
  • # of students: 533
  • # of teachers: 31
6
GreatSchools Rating

Reed High School

  • Education Level: High
  • # of students: 1,992
  • # of teachers: 65
6
GreatSchools Rating
 

$359,910$439,890$399,900

PURCHASE PRICE

$1,827$2,233$2,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,030
EXPENSES Loan Payment -$1,475
Property Tax -$408
Property Insurance -$72
Property Management Fees -$119
CASH FLOW
-$44

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$399,900

PROJECTED PRICE

$2,030

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.73%
Appreciation Year (1-5) 10.4%
Maintenance Year (1-5) 8.00%
Vacancy 4.08%
Length of Stay Years 2

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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,724

INVESTMENT

$111,724

Down Payment
$99,975
Rehab Estimate
$5,750
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,475

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,975
Loan Amount $299,925
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$23,664

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
  • $2,005

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8753$1,8954$1,9505$2,000
$2,000
RENT COMPS ANALYSIS
  • 1034 E Greenbrae Sparks, NV 1
    • 4 beds 3 baths ∙ 2,116 Sqft ∙ Built 1975 4 beds 3 baths ∙ 2,116 Sqft ∙ Built 1975
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1135 Robbie Sparks, NV 2
    • 3 beds 3 baths ∙ 2,116 Sqft ∙ Built 1973 3 beds 3 baths ∙ 2,116 Sqft ∙ Built 1973
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.89
    •  
  • 981 Glen Martin Sparks, NV 3
    • 4 beds 2 baths ∙ 1,822 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,822 Sqft ∙ Built 1973
    LEASED 12/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.04
    •  
  • 1976 Trestle Sparks, NV 4
    • 4 beds 3 baths ∙ 2,137 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,137 Sqft ∙ Built 1987
    LEASED 08/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.91
    •  
  • 1071 Glen Meadow Dr. Sparks, NV 5
    • 4 beds 3 baths ∙ 2,096 Sqft ∙ Built 1975 4 beds 3 baths ∙ 2,096 Sqft ∙ Built 1975
    LEASED 08/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.95
    •  
PROPERTY LISTING DETAILS
Nicholas Heathman
Berkshire Hathaway Homeservice
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 210000036
Last Updated: 01/03/2021
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