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1555 Teakwood Sparks, NV 89431

3 Beds 2 Baths 1,044 sqft Built 1962

$345,000

List Price

$1,350

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
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.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Tanglewood Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $92k344k

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

Neighborhood: Tanglewood Estates

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q2800900100011001200130014001500160017001800Rent in $7561873

* 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
Dilworth Middle School Middle Regular 583 28 NA
Sparks High School High Regular 1,222 65 2
Dilworth Middle School Middle Unknown NA

Dilworth Middle School

  • Education Level: Middle
  • # of students: 583
  • # of teachers: 28
NA
GreatSchools Rating

Sparks High School

  • Education Level: High
  • # of students: 1,222
  • # of teachers: 65
2
GreatSchools Rating

Dilworth Middle School

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

$310,500$379,500$345,000

PURCHASE PRICE

$1,215$1,485$1,350

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$97,175

INVESTMENT

$97,175

Down Payment
$86,250
Rehab Estimate
$5,750
Closing Costs
$5,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,198

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $86,250
Loan Amount $258,750
See What Happens When You Reinvest Cash Flow

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.

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$0
1$0
$0
RENT COMPS ANALYSIS
  • 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
William Process
Re/max Premier Properties
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 210002813
Last Updated: 03/06/2021
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