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2383 Dondero Court Sparks, NV 89434

3 Beds 3 Baths 2,617 sqft Built 2013

INVESTimate

$545,000

List Price

$2,370

$2,133 - $2,607

Rent Est.

$611,763  ( +12.25%)   1 YR EST. FORECAST

PROPERTY INFO

August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 2013
  • Price/Sqft : $208.25
  • 8 Days on Market
  • MLS # : 200011378
  • Updated Date : 08/20/2020 at 15:57
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,617 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Realty Affiliates-reno

Listing Agent's Description

Spectacular single story home with open floor plan, views of hills, city lights and the Sierras. This spacious three bedroom home plus an office has a modern layout with great big kitchen ~plenty of counter space and large kitchen island with sink. Open floor plan allows for interaction while cooking. Custom paver patio has covered area and pathway around low maintenance yard and offers wonderful and peaceful views of Reno/Sparks. Great cul-de-sac location, convenient to shopping, small park around the

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PRICE & RENT TRENDS

Neighborhood: Carrera at D'Andrea

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $142k560k

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

Neighborhood: Carrera at D'Andrea

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q210001200140016001800200022002400Rent in $9822490

* 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
Moss Elementary School Primary Regular 590 32 6
Moss Elementary School Middle Regular 590 32 6
Reed High School High Regular 1,992 65 6

Moss Elementary School

  • Education Level: Primary
  • # of students: 590
  • # of teachers: 32
6
GreatSchools Rating

Moss Elementary School

  • Education Level: Middle
  • # of students: 590
  • # of teachers: 32
6
GreatSchools Rating

Reed High School

  • Education Level: High
  • # of students: 1,992
  • # of teachers: 65
6
GreatSchools Rating
 

$490,500$599,500$545,000

PURCHASE PRICE

$2,133$2,607$2,370

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,370
EXPENSES Loan Payment -$2,011
Property Tax -$499
Property Insurance -$83
HOA -$45
Property Management Fees -$119
CASH FLOW
-$386

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.

$545,000

PROJECTED PRICE

$2,370

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.70%
Appreciation Year (1-5) 12.25%
Maintenance Year (1-5) 8.00%
Vacancy 4.04%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$150,175

INVESTMENT

$150,175

Down Payment
$136,250
Rehab Estimate
$5,750
Closing Costs
$8,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,011

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $136,250
Loan Amount $408,750
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$9,030

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
  • $2,390

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2753$2,2954$2,500
$2,500
RENT COMPS ANALYSIS
  • 2383 Dondero Court Sparks, 1
    • 3 beds 3 baths ∙ 2,617 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,617 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3007 Brachetto Loop Sparks, 2
    • 3 beds 3 baths ∙ 2,616 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,616 Sqft ∙ Built 2016
    LEASED 09/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,275
    • $0.87
    •  
  • 2295 Bellagio Court Sparks, 3
    • 4 beds 3 baths ∙ 2,520 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,520 Sqft ∙ Built 2001
    LEASED 03/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.91
    •  
  • 3184 Vecchio Drive Sparks, 4
    • 3 beds 3 baths ∙ 2,617 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,617 Sqft ∙ Built 2019
    LEASED 01/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.96
    •  
PROPERTY LISTING DETAILS
Moira Shea
Re/max Realty Affiliates-reno
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200011378
Last Updated: 08/20/2020
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