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1965 Lenticular Sparks, NV 89441

3 Beds 3 Baths 2,502 sqft Built 2006

INVESTimate

$505,000

List Price

$2,280

$2,052 - $2,508

Rent Est.

$551,309  ( +9.17%)   1 YR EST. FORECAST

PROPERTY INFO

August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $201.84
  • 8 Days on Market
  • MLS # : 200011396
  • Updated Date : 08/24/2020 at 06:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,502 sqft
  • Baths : 2 full , 1 half
Listing Agent

Chase International-damonte

Listing Agent's Description

Spacious single level home with open floor plan. The main living area is very open and great for entertaining. The living room overlooks the large sunken family room and gas fireplace and is also open to the large kitchen any foody would appreciate. The kitchen features recessed lights, beautiful granite counters, large island with separate sink and breakfast bar, and passthrough to the breakfast nook, and large pantry. Stainless steel appliances. Home also has den/office area off the living room.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Eagle Canyon - Pebble Creek

NeighborhoodNIR Market*CityMarket2010Year20002019160k180k200k220k240k260k280k300k320k340kPrice in $142k355k

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

Neighborhood: Eagle Canyon - Pebble Creek

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q210001100120013001400150016001700180019002000Rent in $9822093

* 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
Hall Elementary School Primary Regular 630 30 5
Hall Elementary School Middle Regular 630 30 5
Spanish Springs High School High Regular 2,315 95 6

Hall Elementary School

  • Education Level: Primary
  • # of students: 630
  • # of teachers: 30
5
GreatSchools Rating

Hall Elementary School

  • Education Level: Middle
  • # of students: 630
  • # of teachers: 30
5
GreatSchools Rating

Spanish Springs High School

  • Education Level: High
  • # of students: 2,315
  • # of teachers: 95
6
GreatSchools Rating
 

$454,500$555,500$505,000

PURCHASE PRICE

$2,052$2,508$2,280

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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,280
EXPENSES Loan Payment -$1,863
Property Tax -$313
Property Insurance -$80
HOA -$120
Property Management Fees -$119
CASH FLOW
-$215

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.

$505,000

PROJECTED PRICE

$2,280

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.70%
Appreciation Year (1-5) 9.17%
Maintenance Year (1-5) 8.00%
Vacancy 4.04%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$139,575

INVESTMENT

$139,575

Down Payment
$126,250
Rehab Estimate
$5,750
Closing Costs
$7,575

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,863

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $126,250
Loan Amount $378,750
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$17,630

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
  • $2,402

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,295
$2,295
RENT COMPS ANALYSIS
  • 1965 Lenticular Sparks, 1
    • 3 beds 3 baths ∙ 2,502 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,502 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1014 Fuggles Drive Sparks, 2
    • 4 beds 3 baths ∙ 2,383 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,383 Sqft ∙ Built 2002
    property image
    LEASED 06/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.96
    •  
PROPERTY LISTING DETAILS
Joshua Talayka
Chase International-damonte
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200011396
Last Updated: 08/24/2020
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