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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $227.27
- 10 Days on Market
- MLS # : 210000011
- Updated Date : 01/03/2021 at 19:37
CONSTRUCTION
- Beds : 3
- Floor Size : 1,738 sqft
- Baths : 2 full , 1 half
Listing Agent
Re/max Professionals
Listing Agent's Description
Beautiful home in the Siena neighborhood with new Aquaguard vinyl floors and fresh interior paint! The spacious family room has vaulted ceilings and leads to a large dining area with a recycled barn wood wall. The kitchen has granite counter tops and stainless steel appliances. The master bedroom has a walk-in closet and updated fixtures, and the bathroom has dual sinks, shower stall and bathtub. The backyard has been upgraded with a new fence, paver patio, custom built string lights and the hot tub stays!
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PRICE & RENT TRENDS
Neighborhood: Siena
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Siena
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,850 |
| EXPENSES | Loan Payment | -$1,372 |
| Property Tax | -$688 | |
| Property Insurance | -$64 | |
| HOA | -$70 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$463
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.
$395,000
PROJECTED PRICE
$1,850
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.04% |
| Appreciation Year (1-5) | 12.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 4.52% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$110,425
LOAN DETAILS
$1,372
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $98,750 |
| Loan Amount | $296,250 |
0.33
YEARS SAVED
$201
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,881
COMP ESTIMATED VALUE -
$1.08
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 06/18/20- Rent
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- $1,850
- $1.13
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LEASED 07/27/20- Rent
- Rent Per SQFT
- $1,900
- $1.01
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2385 Primio Way Sparks, NV 4
- 4 beds 2 baths ∙ 1,951 Sqft ∙ Built 1995 4 beds 2 baths ∙ 1,951 Sqft ∙ Built 1995
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LEASED 10/10/19- Rent
- Rent Per SQFT
- $2,100
- $1.08
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3222 Constantine Dr. Sparks, NV 5
- 4 beds 3 baths ∙ 2,074 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,074 Sqft ∙ Built 2020
![property image]()
LEASED 12/31/20- Rent
- Rent Per SQFT
- $2,300
- $1.11
PROPERTY LISTING DETAILS
Re/max Professionals
1.866.250.5610
Mynd Property Management
1453579
MLS #: 210000011
Last Updated: 01/03/2021
