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1275 Chara Sparks, NV 89441

4 Beds 3 Baths 2,364 sqft Built 2006

$565,000

List Price

$2,230

$2K - $2.5K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $239.00
  • 2 Days on Market
  • MLS # : 210001142
  • Updated Date : 01/30/2021 at 22:24
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,364 sqft
  • Baths : 3 full
Listing Agent

Re/max Complete Realty

Listing Agent's Description

Large 4 bedroom, 3 full bath, 3 car garage on almost a half acre with RV access, 2 large storage sheds in back yard, fruit trees, brand new 20 mil vinyl waterproof planking throughout the whole home with brand new baseboards, all new stainless steel appliances, interior of home and cabinets recently painted, new toilets in all bathrooms.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Eagle Canyon - Pebble Creek

NeighborhoodNIR Market*CityMarket2010Year20002019160k180k200k220k240k260k280k300k320k340kPrice in $142k355k

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

Neighborhood: Eagle Canyon - Pebble Creek

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q210001100120013001400150016001700180019002000Rent in $9822093

* 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
Shaw Middle School Middle Regular 1,008 43 NA
Spanish Springs High School High Regular 2,315 95 6
Shaw Middle School Middle Unknown NA

Shaw Middle School

  • Education Level: Middle
  • # of students: 1,008
  • # of teachers: 43
NA
GreatSchools Rating

Spanish Springs High School

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

Shaw Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$508,500$621,500$565,000

PURCHASE PRICE

$2,007$2,453$2,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,230
EXPENSES Loan Payment -$1,962
Property Tax -$759
Property Insurance -$77
HOA -$30
Property Management Fees -$119
CASH FLOW
-$718

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.

$565,000

PROJECTED PRICE

$2,230

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.70%
Appreciation Year (1-5) 9.2%
Maintenance Year (1-5) 8.00%
Vacancy 4.04%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$155,475

INVESTMENT

$155,475

Down Payment
$141,250
Rehab Estimate
$5,750
Closing Costs
$8,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,962

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $141,250
Loan Amount $423,750
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$142

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
  • $2,128

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,300
$2,300
RENT COMPS ANALYSIS
  • 1275 Chara Sparks, NV 1
    • 4 beds 3 baths ∙ 2,364 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,364 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9555 Cordoba Sparks, NV 2
    • 4 beds 3 baths ∙ 2,553 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,553 Sqft ∙ Built 2006
    LEASED 09/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.90
    •  
PROPERTY LISTING DETAILS
Jeffery Justice
Re/max Complete Realty
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 210001142
Last Updated: 01/30/2021
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