Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

224 8th Avenue Sun Valley, NV 89433

4 Beds 2 Baths 1,585 sqft Built 2007

$314,000

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $198.11
  • 6 Days on Market
  • MLS # : 200016456
  • Updated Date : 12/04/2020 at 19:29
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,585 sqft
  • Baths : 2 full
Listing Agent

Nevada Home Connections

Listing Agent's Description

Enjoy the peace and quiet in this home,located away from the traffic on 8th street. RV parking Open floor plan,front landscaping; 2x6 construction; Spacious bedrooms, master has walk in closet, large open kitchen with breakfast bar, great room and master have coffered ceilings, 1/3 acre lot, No Homeowner Association. Garage was smoked in but not the house. Carpet and house have been recently cleaned.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sun Valley

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $102k344k

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

Neighborhood: Sun Valley

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q2800900100011001200130014001500160017001800Rent in $7471873

* 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
Bennett Elementary School Primary Regular 530 33 4
Bennett Elementary School Middle Regular 530 33 4
Spanish Springs High School High Regular 2,315 95 6

Bennett Elementary School

  • Education Level: Primary
  • # of students: 530
  • # of teachers: 33
4
GreatSchools Rating

Bennett Elementary School

  • Education Level: Middle
  • # of students: 530
  • # of teachers: 33
4
GreatSchools Rating

Spanish Springs High School

  • Education Level: High
  • # of students: 2,315
  • # of teachers: 95
6
GreatSchools Rating
 

$282,600$345,400$314,000

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$1,159
Property Tax -$652
Property Insurance -$61
Property Management Fees -$119
CASH FLOW
-$321

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.

$314,000

PROJECTED PRICE

$1,670

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.73%
Appreciation Year (1-5) 10.1%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$88,960

INVESTMENT

$88,960

Down Payment
$78,500
Rehab Estimate
$5,750
Closing Costs
$4,710

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,159

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,500
Loan Amount $235,500
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$895

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
  • $1,672

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6503$1,900
$1,900
RENT COMPS ANALYSIS
  • 224 8th Avenue Sun Valley, NV 1
    • 4 beds 2 baths ∙ 1,585 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,585 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5499 Breeze Sun Valley, NV 2
    • 4 beds 2 baths ∙ 1,568 Sqft ∙ Built 1996 4 beds 2 baths ∙ 1,568 Sqft ∙ Built 1996
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.05
    •  
  • 5515 Desert Dreams Dr Sun Valley, NV 3
    • 4 beds 2 baths ∙ 1,796 Sqft ∙ Built 2012 4 beds 2 baths ∙ 1,796 Sqft ∙ Built 2012
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.06
    •  
PROPERTY LISTING DETAILS
Margie Mcintyre
Nevada Home Connections
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200016456
Last Updated: 12/04/2020
BESbswy