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PROPERTY INFO
FACTS
- Single Family
- Built In 1977
- Price/Sqft : $241.05
- 3 Days on Market
- MLS # : 200016974
- Updated Date : 12/19/2020 at 18:22
CONSTRUCTION
- Beds : 4
- Floor Size : 1,452 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Select Reno
Listing Agent's Description
Great Home with double pane windows, laminate flooring, tile around cozy chimney, updated ceiling fans, upgraded entry door, interior doors have been replaced with frame, casing, upgraded door knobs, kitchen counter top has been replaced not long ago, tile kitchen back splash, upgraded kitchen faucet, bathrooms feature tile shower walls, exterior painted about a year ago..
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PRICE & RENT TRENDS
Neighborhood: Shadow Glen Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Shadow Glen Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,660 |
| EXPENSES | Loan Payment | -$1,291 |
| Property Tax | -$376 | |
| Property Insurance | -$58 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$184
|
||
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.
$350,000
PROJECTED PRICE
$1,660
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.73% |
| Appreciation Year (1-5) | 13.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 4.08% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$98,500
LOAN DETAILS
$1,291
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $87,500 |
| Loan Amount | $262,500 |
3
YEARS SAVED
$9,552
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,631
COMP ESTIMATED VALUE -
$1.12
COMP AVG. RENT PER SQFT
Comps Range
-
1063 Pinewood Drive Sparks, NV 1
- 4 beds 2 baths ∙ 1,452 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,452 Sqft ∙ Built 1977
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
2613 Drexel Sparks, NV 2
- 4 beds 2 baths ∙ 1,378 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,378 Sqft ∙ Built 1980
![property image]()
LEASED 11/29/20- Rent
- Rent Per SQFT
- $1,575
- $1.14
-
3340 Wilma Drive Sparks, NV 3
- 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 1977
![property image]()
LEASED 09/13/19- Rent
- Rent Per SQFT
- $1,795
- $1.10
-
1938 Alpland Ct Sparks, NV 4
- 3 beds 2 baths ∙ 1,642 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,642 Sqft ∙ Built 1985
![property image]()
LEASED 06/18/20- Rent
- Rent Per SQFT
- $1,850
- $1.13
PROPERTY LISTING DETAILS
Coldwell Banker Select Reno
1.866.250.5610
Mynd Property Management
1453579
MLS #: 200016974
Last Updated: 12/19/2020
