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2175 Frisco Sparks, NV 89434

4 Beds 3 Baths 2,218 sqft Built 1995

$449,900

List Price

$1,960

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $202.84
  • 7 Days on Market
  • MLS # : 210000071
  • Updated Date : 01/09/2021 at 01:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,218 sqft
  • Baths : 3 full
Listing Agent

Harcourts Nv1 Realty

Listing Agent's Description

COMING SOON! This beautifully renovated home is the one you have been waiting for. This open floor plan boasts oversized windows, high ceilings, gas log fireplace, grand staircase, and new carpet and travertine throughout. You'll also find a bedroom and bathroom on the main floor perfect for a guest bedroom, office/gym, or downstairs master. Enter double doors into your spaceous master bedroom with vaulted ceilings, floor to ceiling windows, double vanity, and walk in closet. A home you truly need to see!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Pangi Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $142k409k

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

Neighborhood: Pangi Ranch

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q21000110012001300140015001600170018001900Rent in $9821954

* 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
 

$404,910$494,890$449,900

PURCHASE PRICE

$1,764$2,156$1,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,960
EXPENSES Loan Payment -$1,563
Property Tax -$764
Property Insurance -$74
Property Management Fees -$119
CASH FLOW
-$560

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.

$449,900

PROJECTED PRICE

$1,960

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.70%
Appreciation Year (1-5) 8.2%
Maintenance Year (1-5) 8.00%
Vacancy 4.04%
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$124,974

INVESTMENT

$124,974

Down Payment
$112,475
Rehab Estimate
$5,750
Closing Costs
$6,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,475
Loan Amount $337,425
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$110

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
  • $2,085

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7953$1,9504$2,000
$2,000
RENT COMPS ANALYSIS
  • 2175 Frisco Sparks, NV 1
    • 4 beds 3 baths ∙ 2,218 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,218 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3081 S Cottage Sparks, NV 2
    • 4 beds 3 baths ∙ 1,876 Sqft ∙ Built 1991 4 beds 3 baths ∙ 1,876 Sqft ∙ Built 1991
    property image
    LEASED 12/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.96
    •  
  • 1976 Trestle Sparks, NV 3
    • 4 beds 3 baths ∙ 2,137 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,137 Sqft ∙ Built 1987
    property image
    LEASED 08/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.91
    •  
  • 1071 Glen Meadow Dr. Sparks, NV 4
    • 4 beds 3 baths ∙ 2,096 Sqft ∙ Built 1975 4 beds 3 baths ∙ 2,096 Sqft ∙ Built 1975
    property image
    LEASED 08/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.95
    •  
PROPERTY LISTING DETAILS
Jessica Hodges
Harcourts Nv1 Realty
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 210000071
Last Updated: 01/09/2021
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