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2359 Ruddy Way Sparks, NV 89441

3 Beds 2 Baths 1,775 sqft Built 2003

$495,000

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $278.87
  • 3 Days on Market
  • MLS # : 210003190
  • Updated Date : 03/13/2021 at 20:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,775 sqft
  • Baths : 2 full
Listing Agent

Sierra Sotheby's Intl. Realty

Listing Agent's Description

Well maintained 1/3 acre, one-level, 3 bed, 2 bath, & a 5 car garage home! Bring your toys and all of your car enthusiast projects. Permitted oversized 2 car garage out back with an additional 4 feet of workshop space with a 220 Volt hookup and plumbed for natural gas heat. 3 car bay garage attached to the home also with 220 volt. There is RV Access and RV parking on backyard side of home.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Eagle Canyon - Pebble Creek

NeighborhoodNIR Market*CityMarket2010Year20002019160k180k200k220k240k260k280k300k320k340kPrice in $142k355k

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

Neighborhood: Eagle Canyon - Pebble Creek

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q210001100120013001400150016001700180019002000Rent in $9822093

* 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
Shaw Middle School Middle Regular 1,008 43 NA
Spanish Springs High School High Regular 2,315 95 6
Shaw Middle School Middle Unknown NA

Shaw Middle School

  • Education Level: Middle
  • # of students: 1,008
  • # of teachers: 43
NA
GreatSchools Rating

Spanish Springs High School

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

Shaw Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$445,500$544,500$495,000

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,719
Property Tax -$674
Property Insurance -$65
HOA -$75
Property Management Fees -$119
CASH FLOW
-$552

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.

$495,000

PROJECTED PRICE

$2,100

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$136,925

INVESTMENT

$136,925

Down Payment
$123,750
Rehab Estimate
$5,750
Closing Costs
$7,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,719

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $123,750
Loan Amount $371,250
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$525

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
  • $2,284

    COMP ESTIMATED VALUE
  • $1.29

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8953$2,0954$2,250
$2,250
RENT COMPS ANALYSIS
  • 2359 Ruddy Way Sparks, NV 1
    • 3 beds 2 baths ∙ 1,775 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,775 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 459 Beau Ct. Sparks, NV 2
    • 3 beds 2 baths ∙ 1,558 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,558 Sqft ∙ Built 1996
    property image
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.22
    •  
  • 230 Date Palm Dr Sparks, NV 3
    • 3 beds 2 baths ∙ 1,490 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,490 Sqft ∙ Built 1991
    property image
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.41
    •  
  • 2249 Millville Dr Sparks, NV 4
    • 3 beds 2 baths ∙ 1,829 Sqft ∙ Built 2021 3 beds 2 baths ∙ 1,829 Sqft ∙ Built 2021
    property image
    LEASED 02/13/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.23
    •  
PROPERTY LISTING DETAILS
April Nieto
Sierra Sotheby's Intl. Realty
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 210003190
Last Updated: 03/13/2021
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