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1601 Del Rosa Sparks, NV 89434

4 Beds 2 Baths 1,826 sqft Built 1978

$319,895

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $175.19
  • 3 Days on Market
  • MLS # : 210003546
  • Updated Date : 03/20/2021 at 18:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,826 sqft
  • Baths : 2 full
Listing Agent

Homegate Realty Of Nevada

Listing Agent's Description

This 4 bedroom Lewis built home is in need of some TLC. There is a new furnace and the hot water heater was replaced in 2013. The kitchen appliances have also been upgraded. Nice corner lot location that as RV gates on the corner for RV parking. Covered patio and fruit trees. With some new paint, flooring & baseboards your home would be move in ready.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Reed

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $138k344k

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

Neighborhood: Reed

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q2100011001200130014001500160017001800Rent in $9181873

* 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
Mendive Middle School Middle Magnet 1,089 43 NA
Reed High School High Regular 1,992 65 6
Mendive Middle School Middle Unknown NA

Mendive Middle School

  • Education Level: Middle
  • # of students: 1,089
  • # of teachers: 43
NA
GreatSchools Rating

Reed High School

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

Mendive Middle School

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

$287,906$351,885$319,895

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$1,111
Property Tax -$430
Property Insurance -$66
Property Management Fees -$119
CASH FLOW
$74

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.

$319,895

PROJECTED PRICE

$1,800

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.70%
Appreciation Year (1-5) 12.0%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,522

INVESTMENT

$90,522

Down Payment
$79,974
Rehab Estimate
$5,750
Closing Costs
$4,798

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,111

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $79,974
Loan Amount $239,921
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$22,970

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
  • $1,885

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6503$1,8954$1,9005$2,100
$2,100
RENT COMPS ANALYSIS
  • 1601 Del Rosa Sparks, NV 1
    • 4 beds 2 baths ∙ 1,826 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,826 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1849 Deep Creek Sparks, NV 2
    • 3 beds 2 baths ∙ 1,642 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,642 Sqft ∙ Built 1981
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.00
    •  
  • 981 Glen Martin Sparks, NV 3
    • 4 beds 2 baths ∙ 1,822 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,822 Sqft ∙ Built 1973
    LEASED 12/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.04
    •  
  • 1096 Locomotive Court Sparks, NV 4
    • 4 beds 2 baths ∙ 1,878 Sqft ∙ Built 1993 4 beds 2 baths ∙ 1,878 Sqft ∙ Built 1993
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.01
    •  
  • 2385 Primio Way Sparks, NV 5
    • 4 beds 2 baths ∙ 1,951 Sqft ∙ Built 1995 4 beds 2 baths ∙ 1,951 Sqft ∙ Built 1995
    LEASED 10/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.08
    •  
PROPERTY LISTING DETAILS
Tina Spencer-mulhern
Homegate Realty Of Nevada
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 210003546
Last Updated: 03/20/2021
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