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1925 Woodhaven Lane Sparks, NV 89434

4 Beds 3 Baths 1,868 sqft Built 1986

$429,000

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

February 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $229.66
  • 2 Days on Market
  • MLS # : 210001752
  • Updated Date : 02/14/2021 at 00:28
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,868 sqft
  • Baths : 3 full
Listing Agent

Real Estate Connection

Listing Agent's Description

Spacious home with hardwood floors and a three car garage.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: O'Callaghan

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $102k344k

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

Neighborhood: O'Callaghan

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q2100011001200130014001500160017001800Rent in $9121873

* 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
Reed High School High Regular 1,992 65 6
Dilworth Middle School Middle Unknown NA

Dilworth Middle School

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

Reed High School

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

Dilworth Middle School

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

$386,100$471,900$429,000

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$1,490
Property Tax -$505
Property Insurance -$67
Property Management Fees -$119
CASH FLOW
-$420

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.

$429,000

PROJECTED PRICE

$1,760

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.73%
Appreciation Year (1-5) 12.0%
Maintenance Year (1-5) 8.00%
Vacancy 4.08%
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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,435

INVESTMENT

$119,435

Down Payment
$107,250
Rehab Estimate
$5,750
Closing Costs
$6,435

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,490

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $107,250
Loan Amount $321,750
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$1,571

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
  • $1,849

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7953$1,8954$1,9005$2,000
$2,000
RENT COMPS ANALYSIS
  • 1925 Woodhaven Lane Sparks, NV 1
    • 4 beds 3 baths ∙ 1,868 Sqft ∙ Built 1986 4 beds 3 baths ∙ 1,868 Sqft ∙ Built 1986
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3081 S Cottage Sparks, NV 2
    • 4 beds 3 baths ∙ 1,876 Sqft ∙ Built 1991 4 beds 3 baths ∙ 1,876 Sqft ∙ Built 1991
    property image
    LEASED 12/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.96
    •  
  • 981 Glen Martin Sparks, NV 3
    • 4 beds 2 baths ∙ 1,822 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,822 Sqft ∙ Built 1973
    property image
    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
    property image
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.01
    •  
  • 1071 Glen Meadow Dr. Sparks, NV 5
    • 4 beds 3 baths ∙ 2,096 Sqft ∙ Built 1975 4 beds 3 baths ∙ 2,096 Sqft ∙ Built 1975
    property image
    LEASED 08/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.95
    •  
PROPERTY LISTING DETAILS
Lori Archer
Real Estate Connection
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 210001752
Last Updated: 02/14/2021
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