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PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $172.29
- 7 Days on Market
- MLS # : 210000323
- Updated Date : 01/13/2021 at 21:07
CONSTRUCTION
- Beds : 4
- Floor Size : 2,815 sqft
- Baths : 3 full
Listing Agent
Ferrari-lund Real Estate Reno
Listing Agent's Description
Great Sparks home for you. Centrally located with easy freeway access, close to shopping and amenities. This large home has 4 bedrooms, 3 full baths, plus bonus room upstairs and a family room downstairs, is located on a corner lot with neighbors on just one side and no HOA! The large 3 car garage has plenty of cabinet storage. The conveniently arranged huge kitchen has ample cabinets and counter space, a kitchen nook, pantry cabinets, and an island. Please see extended remarks.
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PRICE & RENT TRENDS
Neighborhood: Pangi Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Pangi Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,570 |
| EXPENSES | Loan Payment | -$1,685 |
| Property Tax | -$845 | |
| Property Insurance | -$87 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$165
|
||
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.
$485,000
PROJECTED PRICE
$2,570
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.70% |
| Appreciation Year (1-5) | 8.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 4.04% |
| 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
$134,275
LOAN DETAILS
$1,685
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $121,250 |
| Loan Amount | $363,750 |
3.08
YEARS SAVED
$11,662
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
-
$2,862
COMP ESTIMATED VALUE -
$1.02
COMP AVG. RENT PER SQFT
Comps Range
-
1095 Ricco Drive Sparks, NV 1
- 4 beds 3 baths ∙ 2,815 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,815 Sqft ∙ Built 1996
- Rent
- Rent Per SQFT
- $0
- $0.00
-
3007 Brachetto Loop Sparks, NV 2
- 3 beds 3 baths ∙ 2,616 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,616 Sqft ∙ Built 2016
LEASED 09/10/19- Rent
- Rent Per SQFT
- $2,275
- $0.87
-
2441 Strozzi Court Sparks, NV 3
- 3 beds 3 baths ∙ 2,784 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,784 Sqft ∙ Built 2015
LEASED 07/15/19- Rent
- Rent Per SQFT
- $2,800
- $1.01
-
2152 Wabash Sparks, NV 4
- 5 beds 3 baths ∙ 2,771 Sqft ∙ Built 1988 5 beds 3 baths ∙ 2,771 Sqft ∙ Built 1988
LEASED 10/15/20- Rent
- Rent Per SQFT
- $3,250
- $1.17
PROPERTY LISTING DETAILS
Ferrari-lund Real Estate Reno
1.866.250.5610
Mynd Property Management
1453579
MLS #: 210000323
Last Updated: 01/13/2021
