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2053 Flycatcher Court Sparks, NV 89441

5 Beds 3 Baths 2,678 sqft Built 2000

INVESTimate

$525,000

List Price

$2,440

$2,196 - $2,684

Rent Est.

$573,143  ( +9.17%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2000
  • Price/Sqft : $196.04
  • 12 Days on Market
  • MLS # : 200011290
  • Updated Date : 08/25/2020 at 02:38
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,678 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Group One Inc.

Listing Agent's Description

Immaculate and expansive single level home with a very functional floor plan featuring 5 bedrooms, separate living spaces, formal dining, breakfast nook and well-appointed kitchen with white cabinets and solid surface countertops. Fresh interior paint, beautiful vinyl plank flooring and plantation shutters throughout. New furnace and A/C installed in 2018, and the water heater less than 5 years old.

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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
Taylor Elementary School Primary Regular 614 30 8
Taylor Elementary School Middle Regular 614 30 8
Spanish Springs High School High Regular 2,315 95 6

Taylor Elementary School

  • Education Level: Primary
  • # of students: 614
  • # of teachers: 30
8
GreatSchools Rating

Taylor Elementary School

  • Education Level: Middle
  • # of students: 614
  • # of teachers: 30
8
GreatSchools Rating

Spanish Springs High School

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

$472,500$577,500$525,000

PURCHASE PRICE

$2,196$2,684$2,440

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

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$1.8M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,440
EXPENSES Loan Payment -$1,937
Property Tax -$291
Property Insurance -$84
Property Management Fees -$119
CASH FLOW
$9

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.

$525,000

PROJECTED PRICE

$2,440

PROJECTED RENT

0.46%

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$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,937

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

5.92

YEARS SAVED

$40,818

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
  • $2,571

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,295
$2,295
RENT COMPS ANALYSIS
  • 2053 Flycatcher Court Sparks, 1
    • 5 beds 3 baths ∙ 2,678 Sqft ∙ Built 2000 5 beds 3 baths ∙ 2,678 Sqft ∙ Built 2000
    • 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
    LEASED 06/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.96
    •  
PROPERTY LISTING DETAILS
Robin Renwick
Keller Williams Group One Inc.
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200011290
Last Updated: 08/25/2020
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