Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
1620 Plymouth 
Sparks, NV
89431
3 Beds 2 Baths 1,996 sqft
Built 1964
INVESTimate
$385,000
List Price
$107,775
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
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.
SEE MORE
PRICE & RENT TRENDS
Neighborhood: Meadowvale
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Meadowvale
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
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
| 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
INVESTMENT
$107,775
LOAN DETAILS
$1,420
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $96,250 |
| Loan Amount | $288,750 |
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
-
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
Dickson Realty - Caughlin
1.866.250.5610
Mynd Property Management
1453579
MLS #: 200011721
Last Updated: 08/25/2020
