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PROPERTY INFO
FACTS
- Single Family
- Built In 1962
- Price/Sqft : $330.46
- 3 Days on Market
- MLS # : 210002813
- Updated Date : 03/06/2021 at 03:59
CONSTRUCTION
- Beds : 3
- Floor Size : 1,044 sqft
- Baths : 2 full
Listing Agent
Re/max Premier Properties
Listing Agent's Description
Nicely kept clean home with plenty of updates along with 3 bedroom 2 bath with a 1 car garage. recent upgrades include: vinyl windows, dishwasher, tile backdrop over counters, water heater, laminate floors, paint and more. Garage is a pass though to drive into back yard. Schedule a showing before this is gone. drive by anytime to check out the neighborhood but no showings until March 14th.
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PRICE & RENT TRENDS
Neighborhood: Tanglewood Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Tanglewood Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,350 |
| EXPENSES | Loan Payment | -$1,198 |
| Property Tax | -$243 | |
| Property Insurance | -$49 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$260
|
||
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.
$345,000
PROJECTED PRICE
$1,350
PROJECTED RENT
0.39%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.70% |
| Appreciation Year (1-5) | 13.3% |
| 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
$97,175
LOAN DETAILS
$1,198
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $86,250 |
| Loan Amount | $258,750 |
2.08
YEARS SAVED
$4,403
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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1555 Teakwood Sparks, NV
- 3 beds 2 baths ∙ 1,044 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,044 Sqft ∙ Built 1962
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
PROPERTY LISTING DETAILS
Re/max Premier Properties
1.866.250.5610
Mynd Property Management
1453579
MLS #: 210002813
Last Updated: 03/06/2021
