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1364 Northview Court Sparks, NV 89434

4 Beds 3 Baths 1,868 sqft Built 1984

INVESTimate

$374,900

List Price

$1,840

$1,656 - $2,024

Rent Est.

$419,776  ( +11.97%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 1984
  • Price/Sqft : $200.70
  • 3 Days on Market
  • MLS # : 200011654
  • Updated Date : 08/24/2020 at 16:34
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,868 sqft
  • Baths : 3 full
Listing Agent

Krch Realty

Listing Agent's Description

Nice four-bedroom, three-bath home at the end of a cul-de-sac is ready for a new owner. Features include LG convection double oven, new water heater, vinyl windows installed four years ago with transferable warranty, roof replaced in 2015, fresh interior paint, lots of storage space, wood burning fireplace, covered patio and there's room for an RV. Best of all, no HOA.

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
 

$337,410$412,390$374,900

PURCHASE PRICE

$1,656$2,024$1,840

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,840
EXPENSES Loan Payment -$1,383
Property Tax -$480
Property Insurance -$67
Property Management Fees -$119
CASH FLOW
-$209

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.

$374,900

PROJECTED PRICE

$1,840

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.73%
Appreciation Year (1-5) 11.97%
Maintenance Year (1-5) 8.00%
Vacancy 4.08%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,099

INVESTMENT

$105,099

Down Payment
$93,725
Rehab Estimate
$5,750
Closing Costs
$5,624

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,383

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,725
Loan Amount $281,175
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$8,727

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,840

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,877

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7953$1,8404$1,9005$2,000
$2,000
RENT COMPS ANALYSIS
  • 1364 Northview Court Sparks, 3
    • 4 beds 3 baths ∙ 1,868 Sqft ∙ Built 1984 4 beds 3 baths ∙ 1,868 Sqft ∙ Built 1984
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,840
    • $0.99
    •  
  • 936 Glen Molly Sparks, 1
    • 3 beds 2 baths ∙ 1,632 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,632 Sqft ∙ Built 1973
    property image
    LEASED 03/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.07
    •  
  • 981 Glen Martin Sparks, 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
    •  
  • 1096 Locomotive Court Sparks, 4
    • 4 beds 2 baths ∙ 1,878 Sqft ∙ Built 1993 4 beds 2 baths ∙ 1,878 Sqft ∙ Built 1993
    property image
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.01
    •  
  • 1071 Glen Meadow Dr. Sparks, 5
    • 4 beds 3 baths ∙ 2,096 Sqft ∙ Built 1975 4 beds 3 baths ∙ 2,096 Sqft ∙ Built 1975
    property image
    LEASED 08/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.95
    •  
PROPERTY LISTING DETAILS
Barbra Tuttle
Krch Realty
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200011654
Last Updated: 08/24/2020
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