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1620 Plymouth Sparks, NV 89431

3 Beds 2 Baths 1,996 sqft Built 1964

INVESTimate

$385,000

List Price

$1,740

$1,566 - $1,914

Rent Est.

$427,081  ( +10.93%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1964
  • Price/Sqft : $192.89
  • 3 Days on Market
  • MLS # : 200011721
  • Updated Date : 08/25/2020 at 17:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,996 sqft
  • Baths : 2 full
Listing Agent

Dickson Realty - Caughlin

Listing Agent's Description

Driveway will accomodate small Rv. Maximum 23' two storage sheds, brand NEW swamp cooler. Come see this terrific 3 br, 2 ba one of a kind Sparks home. Welcoming sunlit foyer with slate flooring.

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PRICE & RENT TRENDS

Neighborhood: Meadowvale

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $102k344k

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

Neighborhood: Meadowvale

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q2900100011001200130014001500160017001800Rent in $8821873

* 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
Maxwell Elementary School Primary Regular 632 33 4
Maxwell Elementary School Middle Regular 632 33 4
Sparks High School High Regular 1,222 65 2

Maxwell Elementary School

  • Education Level: Primary
  • # of students: 632
  • # of teachers: 33
4
GreatSchools Rating

Maxwell Elementary School

  • Education Level: Middle
  • # of students: 632
  • # of teachers: 33
4
GreatSchools Rating

Sparks High School

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

$346,500$423,500$385,000

PURCHASE PRICE

$1,566$1,914$1,740

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$1,420
Property Tax -$350
Property Insurance -$70
Property Management Fees -$119
CASH FLOW
-$219

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.

$385,000

PROJECTED PRICE

$1,740

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.73%
Appreciation Year (1-5) 10.93%
Maintenance Year (1-5) 8.00%
Vacancy 4.08%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$107,775

INVESTMENT

$107,775

Down Payment
$96,250
Rehab Estimate
$5,750
Closing Costs
$5,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,420

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $96,250
Loan Amount $288,750
See What Happens When You Reinvest Cash Flow

2.83

YEARS SAVED

$9,894

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
  • $1,969

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6003$1,7504$1,795
$1,795
RENT COMPS ANALYSIS
  • 1620 Plymouth Sparks, 1
    • 3 beds 2 baths ∙ 1,996 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,996 Sqft ∙ Built 1964
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2245 Mannington St. Reno, 2
    • 4 beds 2 baths ∙ 1,709 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,709 Sqft ∙ Built 1963
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.94
    •  
  • 3271 Shari Way Sparks, 3
    • 3 beds 2 baths ∙ 1,692 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,692 Sqft ∙ Built 1977
    LEASED 03/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.03
    •  
  • 981 Glen Martin Sparks, 4
    • 4 beds 2 baths ∙ 1,822 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,822 Sqft ∙ Built 1973
    LEASED 10/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.99
    •  
PROPERTY LISTING DETAILS
Glory Kiel
Dickson Realty - Caughlin
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200011721
Last Updated: 08/25/2020
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