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2056 Tivoli Lane Sparks, NV 89434

3 Beds 3 Baths 1,738 sqft Built 2003

$395,000

List Price

$1,850

$1.7K - $2K

Rent Est.

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!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Siena

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $135k439k

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

Neighborhood: Siena

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q29001000110012001300140015001600170018001900200021002200Rent in $8952208

* 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
Moss Elementary School Primary Regular 590 32 6
Moss Elementary School Middle Regular 590 32 6
Reed High School High Regular 1,992 65 6

Moss Elementary School

  • Education Level: Primary
  • # of students: 590
  • # of teachers: 32
6
GreatSchools Rating

Moss Elementary School

  • Education Level: Middle
  • # of students: 590
  • # of teachers: 32
6
GreatSchools Rating

Reed High School

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

$355,500$434,500$395,000

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

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

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$110,425

INVESTMENT

$110,425

Down Payment
$98,750
Rehab Estimate
$5,750
Closing Costs
$5,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,372

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $98,750
Loan Amount $296,250
See What Happens When You Reinvest Cash Flow

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.

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,881

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8503$1,9004$2,1005$2,300
$2,300
RENT COMPS ANALYSIS
  • 2056 Tivoli Lane Sparks, NV 1
    • 3 beds 3 baths ∙ 1,738 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,738 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1938 Alpland Ct Sparks, NV 2
    • 3 beds 2 baths ∙ 1,642 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,642 Sqft ∙ Built 1985
    property image
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.13
    •  
  • 1096 Locomotive Court Sparks, NV 3
    • 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
    •  
  • 2385 Primio Way Sparks, NV 4
    • 4 beds 2 baths ∙ 1,951 Sqft ∙ Built 1995 4 beds 2 baths ∙ 1,951 Sqft ∙ Built 1995
    property image
    LEASED 10/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.08
    •  
  • 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
J.d. Drakulich
Re/max Professionals
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 210000011
Last Updated: 01/03/2021
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