Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1269 Pullman Court Sparks, NV 89434

4 Beds 3 Baths 2,128 sqft Built 1980

$415,000

List Price

$2,080

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 29, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $195.02
  • 3 Days on Market
  • MLS # : 200016270
  • Updated Date : 11/29/2020 at 01:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,128 sqft
  • Baths : 3 full
Listing Agent

Ferrari-lund Real Estate Reno

Listing Agent's Description

4 BED, 3 BATH EAST SPARKS HOME, 2128 sf, built in 1980. One bedroom & 1 bath downstairs; master & 2 more bedrooms & 2 baths upstairs. Cul-de-sac, plenty of parking. 40-year roof approx. 12 yrs old. Newer exterior paint (2 yrs.) Vapor barrier & new copper pipes to the street new in 2020. Furnace & AC, water heater, double ovens approx. 10 years old. French door slider added in the eat-in kitchen. Original windows replaced with double paned vinyl. Easy access to TRIC, the Marina, Legends, I-80, shopping.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: O'Callaghan

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $102k344k

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

Neighborhood: O'Callaghan

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q2100011001200130014001500160017001800Rent in $9121873

* 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
Moss Elementary School Primary Regular 590 32 6
Moss Elementary School Middle Regular 590 32 6
Reed High School High Regular 1,992 65 6

Moss Elementary School

  • Education Level: Primary
  • # of students: 590
  • # of teachers: 32
6
GreatSchools Rating

Moss Elementary School

  • Education Level: Middle
  • # of students: 590
  • # of teachers: 32
6
GreatSchools Rating

Reed High School

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

$373,500$456,500$415,000

PURCHASE PRICE

$1,872$2,288$2,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,080
EXPENSES Loan Payment -$1,531
Property Tax -$472
Property Insurance -$72
Property Management Fees -$119
CASH FLOW
-$114

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.

$415,000

PROJECTED PRICE

$2,080

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.73%
Appreciation Year (1-5) 12.0%
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-$5.0k$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$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,531

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$18,201

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
  • $2,256

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7953$2,1004$2,350
$2,350
RENT COMPS ANALYSIS
  • 1269 Pullman Court Sparks, NV 1
    • 4 beds 3 baths ∙ 2,128 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,128 Sqft ∙ Built 1980
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 981 Glen Martin Sparks, NV 2
    • 4 beds 2 baths ∙ 1,822 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,822 Sqft ∙ Built 1973
    property image
    LEASED 10/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.99
    •  
  • 2385 Primio Way Sparks, NV 3
    • 4 beds 2 baths ∙ 1,951 Sqft ∙ Built 1995 4 beds 2 baths ∙ 1,951 Sqft ∙ Built 1995
    property image
    LEASED 10/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.08
    •  
  • 711 Desert View Sparks, NV 4
    • 5 beds 3 baths ∙ 2,118 Sqft ∙ Built 1974 5 beds 3 baths ∙ 2,118 Sqft ∙ Built 1974
    property image
    LEASED 07/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.11
    •  
PROPERTY LISTING DETAILS
Dawn Bunker
Ferrari-lund Real Estate Reno
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200016270
Last Updated: 11/29/2020
BESbswy