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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $246.76
- 6 Days on Market
- MLS # : 200016335
- Updated Date : 12/06/2020 at 01:22
CONSTRUCTION
- Beds : 3
- Floor Size : 1,775 sqft
- Baths : 2 full
Listing Agent
Solid Source Realty
Listing Agent's Description
Beautiful single story home in Spanish Springs. Open concept living room, kitchen and dining area. Spacious 3 bedroom, 2 bathroom. New appliances in kitchen and laundry room, newly painted 3 car garage. Floors updated throughout the home in 2018, double sinks in master bathroom. Large pantry in laundry room. Don't miss out on this one, it won't last long!
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PRICE & RENT TRENDS
Neighborhood: Eagle Canyon - Pebble Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Eagle Canyon - Pebble Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,110 |
| EXPENSES | Loan Payment | -$1,616 |
| Property Tax | -$617 | |
| Property Insurance | -$65 | |
| HOA | -$39 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$346
|
||
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.
$438,000
PROJECTED PRICE
$2,110
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.70% |
| Appreciation Year (1-5) | 9.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 4.04% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$121,820
LOAN DETAILS
$1,616
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $109,500 |
| Loan Amount | $328,500 |
1.5
YEARS SAVED
$4,501
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
-
$2,266
COMP ESTIMATED VALUE -
$1.28
COMP AVG. RENT PER SQFT
Comps Range
-
2196 Rockin Robin Sparks, NV 1
- 3 beds 2 baths ∙ 1,775 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,775 Sqft ∙ Built 2002
- Rent
- Rent Per SQFT
- $0
- $0.00
-
20 Sheena Court Sparks, NV 2
- 3 beds 2 baths ∙ 1,502 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,502 Sqft ∙ Built 1993
LEASED 08/09/19- Rent
- Rent Per SQFT
- $1,795
- $1.20
-
459 Beau Ct. Sparks, NV 3
- 3 beds 2 baths ∙ 1,558 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,558 Sqft ∙ Built 1996
LEASED 11/13/20- Rent
- Rent Per SQFT
- $1,895
- $1.22
-
230 Date Palm Dr Sparks, NV 4
- 3 beds 2 baths ∙ 1,490 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,490 Sqft ∙ Built 1991
LEASED 08/28/20- Rent
- Rent Per SQFT
- $2,095
- $1.41
PROPERTY LISTING DETAILS
Solid Source Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 200016335
Last Updated: 12/06/2020
