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2038 S Mackenzie Circle Sparks, NV 89431

2 Beds 2 Baths 1,746 sqft Built 1998

$350,000

List Price

$2,030

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $200.46
  • 3 Days on Market
  • MLS # : 210001134
  • Updated Date : 01/30/2021 at 04:20
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,746 sqft
  • Baths : 2 full
Listing Agent

Clark Real Estate & Inv.

Listing Agent's Description

Great opportunity to own this home! This 1746 sf single story home has a spacious storage shed, RV parking and no HOA! LARGE kitchen, two living areas, 2 bedrooms, 2 baths plus office/den, offers plenty of room. Concrete patio opens into a large backyard with beautiful fish pond- So much space for entertaining!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Meadowview

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $102k344k

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

Neighborhood: Meadowview

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q2100011001200130014001500160017001800Rent in $9691873

* 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
Sparks Middle School Middle Regular 732 32 NA
Hug High School High Regular 1,395 69 2
Sparks Middle School Middle Unknown NA

Sparks Middle School

  • Education Level: Middle
  • # of students: 732
  • # of teachers: 32
NA
GreatSchools Rating

Hug High School

  • Education Level: High
  • # of students: 1,395
  • # of teachers: 69
2
GreatSchools Rating

Sparks Middle School

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

$315,000$385,000$350,000

PURCHASE PRICE

$1,827$2,233$2,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,030
EXPENSES Loan Payment -$1,216
Property Tax -$663
Property Insurance -$64
Property Management Fees -$119
CASH FLOW
-$32

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.

$350,000

PROJECTED PRICE

$2,030

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.73%
Appreciation Year (1-5) 13.3%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$13,799

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
  • $2,113

    COMP ESTIMATED VALUE
  • $1.21

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,750
$1,750
RENT COMPS ANALYSIS
  • 2038 S Mackenzie Circle Sparks, NV 1
    • 2 beds 2 baths ∙ 1,746 Sqft ∙ Built 1998 2 beds 2 baths ∙ 1,746 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3208 Sterling Ridge Circle Sparks, NV 2
    • 2 beds 3 baths ∙ 1,452 Sqft ∙ Built 2018 2 beds 3 baths ∙ 1,452 Sqft ∙ Built 2018
    LEASED 07/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.21
    •  
PROPERTY LISTING DETAILS
Kristin Gandolfo
Clark Real Estate & Inv.
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 210001134
Last Updated: 01/30/2021
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