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10375 Palm Desert Drive #nv Sparks, NV 89441

3 Beds 2 Baths 1,716 sqft Built 1985

$417,000

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $243.01
  • 5 Days on Market
  • MLS # : 200016015
  • Updated Date : 11/20/2020 at 19:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,716 sqft
  • Baths : 2 full
Listing Agent

Intero Real Estate Services

Listing Agent's Description

Need elbow room? You'll have plenty of space at the .39 acre parcel in this fabulous single level, 3 bed/2 bath/3 garage home in Spanish Springs West/Sparks, NV! The property features RV/boat access and parking, room for all your toys, and best of all... no HOA! Roof is only 4 years old. Bathrooms have been recently updated and furnace & air conditioner are new. Most of the interior walls have been freshly painted a beautiful neutral white. Ready for your personal touches!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Pyramid Ranch Estates

NeighborhoodNIR Market*CityMarket2010Year20002019160k180k200k220k240k260k280k300k320k340kPrice in $142k349k

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

Neighborhood: Pyramid Ranch Estates

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q2100011001200130014001500160017001800Rent in $9821896

* 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
Taylor Elementary School Primary Regular 614 30 8
Taylor Elementary School Middle Regular 614 30 8
Spanish Springs High School High Regular 2,315 95 6

Taylor Elementary School

  • Education Level: Primary
  • # of students: 614
  • # of teachers: 30
8
GreatSchools Rating

Taylor Elementary School

  • Education Level: Middle
  • # of students: 614
  • # of teachers: 30
8
GreatSchools Rating

Spanish Springs High School

  • Education Level: High
  • # of students: 2,315
  • # of teachers: 95
6
GreatSchools Rating
 

$375,300$458,700$417,000

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$1,539
Property Tax -$441
Property Insurance -$64
Property Management Fees -$119
CASH FLOW
-$422

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.

$417,000

PROJECTED PRICE

$1,740

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.70%
Appreciation Year (1-5) 12.8%
Maintenance Year (1-5) 8.00%
Vacancy 4.04%
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-$8.0k-$6.0k-$4.0k-$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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$116,255

INVESTMENT

$116,255

Down Payment
$104,250
Rehab Estimate
$5,750
Closing Costs
$6,255

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,539

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $104,250
Loan Amount $312,750
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$2,354

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
  • $1,733

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7953$1,8954$1,945
$1,945
RENT COMPS ANALYSIS
  • 10375 Palm Desert Drive #nv Sparks, NV 1
    • 3 beds 2 baths ∙ 1,716 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,716 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7835 Bermeso Ct. Sparks, NV 2
    • 3 beds 2 baths ∙ 1,706 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,706 Sqft ∙ Built 2000
    LEASED 06/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.05
    •  
  • 2688 Arrow Smith Dr. Sparks, NV 3
    • 3 beds 2 baths ∙ 1,920 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,920 Sqft ∙ Built 1999
    LEASED 09/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.99
    •  
  • 7426 Minkler Court Sparks, NV 4
    • 3 beds 2 baths ∙ 1,971 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,971 Sqft ∙ Built 2005
    LEASED 12/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,945
    • $0.99
    •  
PROPERTY LISTING DETAILS
Denise Hallerbach
Intero Real Estate Services
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200016015
Last Updated: 11/20/2020
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