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PROPERTY INFO
FACTS
- Single Family
- Built In 1973
- Price/Sqft : $263.94
- 13 Days on Market
- MLS # : 210000419
- Updated Date : 01/22/2021 at 23:04
CONSTRUCTION
- Beds : 3
- Floor Size : 1,212 sqft
- Baths : 2 full
Listing Agent
Berkshire Hathaway Homeservice
Listing Agent's Description
Great single story home in the heart of Sparks with 3 bedrooms, 2 bathrooms and 1,212 sq.ft. Close to Legend's Mall shopping and restaurants. Original owners raised their family here and now it's time to sell the home to new owners. Owners did upgrade kitchen which includes appliances, countertops, and cabinets; they also put in new windows, doors, and laminate flooring in/around 2011. Roof was replaced as well.
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PRICE & RENT TRENDS
Neighborhood: Spanish Springs
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Spanish Springs
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,530 |
| EXPENSES | Loan Payment | -$1,111 |
| Property Tax | -$326 | |
| Property Insurance | -$53 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$79
|
||
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.
$319,900
PROJECTED PRICE
$1,530
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$90,524
LOAN DETAILS
$1,111
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $79,975 |
| Loan Amount | $239,925 |
4.17
YEARS SAVED
$12,188
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
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COMP ESTIMATED VALUE -
COMP AVG. RENT PER SQFT
Comps Range
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1139 La Via Way Sparks, NV
- 3 beds 2 baths ∙ 1,212 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,212 Sqft ∙ Built 1973
- Rent
- Rent Per SQFT
- $0
- $0.00
PROPERTY LISTING DETAILS
Berkshire Hathaway Homeservice
1.866.250.5610
Mynd Property Management
1453579
MLS #: 210000419
Last Updated: 01/22/2021
