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2219 11th Street Sparks, NV 89431

3 Beds 1 Baths 1,092 sqft Built 1958

$320,000

List Price

$1,470

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1958
  • Price/Sqft : $293.04
  • 5 Days on Market
  • MLS # : 210000761
  • Updated Date : 01/23/2021 at 20:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,092 sqft
  • Baths : 1 full
Listing Agent

Nevada Home Connections

Listing Agent's Description

Well maintained and ready for new owners! This beautiful home is located on a large corner lot, just shy of a .20 acre and includes space for an RV or extra parking. Some of the many great features include: newer interior flooring & paint (within the last 3 years), new furnace & A/C, new blinds, new garage door & recently remodeled bathroom.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Green Brae Terrace West

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $92k344k

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

Neighborhood: Green Brae Terrace West

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q2800900100011001200130014001500160017001800Rent in $7491873

* 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
Maxwell Elementary School Primary Regular 632 33 4
Maxwell Elementary School Middle Regular 632 33 4
Sparks High School High Regular 1,222 65 2

Maxwell Elementary School

  • Education Level: Primary
  • # of students: 632
  • # of teachers: 33
4
GreatSchools Rating

Maxwell Elementary School

  • Education Level: Middle
  • # of students: 632
  • # of teachers: 33
4
GreatSchools Rating

Sparks High School

  • Education Level: High
  • # of students: 1,222
  • # of teachers: 65
2
GreatSchools Rating
 

$288,000$352,000$320,000

PURCHASE PRICE

$1,323$1,617$1,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,470
EXPENSES Loan Payment -$1,111
Property Tax -$252
Property Insurance -$50
Property Management Fees -$119
CASH FLOW
-$63

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.

$320,000

PROJECTED PRICE

$1,470

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.73%
Appreciation Year (1-5) 14.9%
Maintenance Year (1-5) 8.00%
Vacancy 4.08%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,111

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $80,000
Loan Amount $240,000
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$14,140

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
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$0
1$0
$0
RENT COMPS ANALYSIS
  • 2219 11th Street Sparks, NV
    • 3 beds 1 baths ∙ 1,092 Sqft ∙ Built 1958 3 beds 1 baths ∙ 1,092 Sqft ∙ Built 1958
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
PROPERTY LISTING DETAILS
Claire Kirby
Nevada Home Connections
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 210000761
Last Updated: 01/23/2021
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