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PROPERTY INFO
FACTS
- Single Family
- Built In 1972
- Price/Sqft : $199.79
- 3 Days on Market
- MLS # : 200016975
- Updated Date : 12/19/2020 at 20:54
CONSTRUCTION
- Beds : 3
- Floor Size : 1,902 sqft
- Baths : 2 full , 1 half
Listing Agent
Atlas Red Realty
Listing Agent's Description
Imagine coming home to this wonderful house... Downstairs, the fireplace greets you as you skip through the front door. Your formal dining room will encourage you to get the family to sit down for dinner, like the old days! There's lots of storage in the kitchen, with a friendly breakfast bar for weekend pancakes, or night time conversations. Then, off the kitchen, gaze into your backyard, bird-watching space from your comfy family room.
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PRICE & RENT TRENDS
Neighborhood: Sierra Meadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sierra Meadows
* 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 | -$1,402 |
| Property Tax | -$369 | |
| Property Insurance | -$68 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$107
|
||
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.
$380,000
PROJECTED PRICE
$1,850
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.73% |
| Appreciation Year (1-5) | 11.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 4.08% |
| 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
$106,450
LOAN DETAILS
$1,402
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $95,000 |
| Loan Amount | $285,000 |
4.17
YEARS SAVED
$17,274
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
-
$1,878
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
-
2184 La Hacienda Sparks, NV 1
- 3 beds 3 baths ∙ 1,902 Sqft ∙ Built 1972 3 beds 3 baths ∙ 1,902 Sqft ∙ Built 1972
- Rent
- Rent Per SQFT
- $0
- $0.00
-
1849 Deep Creek Sparks, NV 2
- 3 beds 2 baths ∙ 1,642 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,642 Sqft ∙ Built 1981
LEASED 02/27/20- Rent
- Rent Per SQFT
- $1,650
- $1.00
-
3081 S Cottage Sparks, NV 3
- 4 beds 3 baths ∙ 1,876 Sqft ∙ Built 1991 4 beds 3 baths ∙ 1,876 Sqft ∙ Built 1991
LEASED 12/10/19- Rent
- Rent Per SQFT
- $1,795
- $0.96
-
981 Glen Martin Sparks, NV 4
- 4 beds 2 baths ∙ 1,822 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,822 Sqft ∙ Built 1973
LEASED 12/03/20- Rent
- Rent Per SQFT
- $1,895
- $1.04
-
1071 Glen Meadow Dr. Sparks, NV 5
- 4 beds 3 baths ∙ 2,096 Sqft ∙ Built 1975 4 beds 3 baths ∙ 2,096 Sqft ∙ Built 1975
LEASED 08/29/19- Rent
- Rent Per SQFT
- $2,000
- $0.95
PROPERTY LISTING DETAILS
Atlas Red Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 200016975
Last Updated: 12/19/2020
