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2392 Wabash Cir Sparks, NV 89434

4 Beds 3 Baths 2,128 sqft Built 1986

$410,000

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 16, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $192.67
  • 8 Days on Market
  • MLS # : 200015907
  • Updated Date : 11/16/2020 at 21:10
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,128 sqft
  • Baths : 3 full
Listing Agent

Solid Source Realty

Listing Agent's Description

Wonderful split level home in lovely Sparks neighborhood. Close to schools and shopping. French doors lead out to private deck off Master. Slider off of dining room lets in southern light. High ceilings and ceiling fans for cooling and a warm fireplace to keep away the chill. Decks and patios from 3 entrances/exits. Back yard perfect for relaxing or sharing with others. Plenty of room for gardening or pets. Wine bar in family room, great for entertaining.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Willow Creek

NeighborhoodNIR Market*CityMarket2010Year20002019160k180k200k220k240k260k280k300k320k340kPrice in $142k344k

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

Neighborhood: Willow Creek

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q2100011001200130014001500160017001800Rent in $9511873

* 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
Diedrichsen Elementary School Primary Regular 412 21 7
Diedrichsen Elementary School Middle Regular 412 21 7
Reed High School High Regular 1,992 65 6

Diedrichsen Elementary School

  • Education Level: Primary
  • # of students: 412
  • # of teachers: 21
7
GreatSchools Rating

Diedrichsen Elementary School

  • Education Level: Middle
  • # of students: 412
  • # of teachers: 21
7
GreatSchools Rating

Reed High School

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

$369,000$451,000$410,000

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,513
Property Tax -$556
Property Insurance -$72
Property Management Fees -$119
CASH FLOW
-$360

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.

$410,000

PROJECTED PRICE

$1,900

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.70%
Appreciation Year (1-5) 14.4%
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$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$114,400

INVESTMENT

$114,400

Down Payment
$102,500
Rehab Estimate
$5,750
Closing Costs
$6,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,513

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $102,500
Loan Amount $307,500
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$3,338

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
  • $2,027

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7953$1,7954$1,9505$2,000
$2,000
RENT COMPS ANALYSIS
  • 2392 Wabash Cir Sparks, NV 1
    • 4 beds 3 baths ∙ 2,128 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,128 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 981 Glen Martin Sparks, NV 2
    • 4 beds 2 baths ∙ 1,822 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,822 Sqft ∙ Built 1973
    LEASED 10/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.99
    •  
  • 3081 S Cottage Sparks, NV 3
    • 4 beds 3 baths ∙ 1,876 Sqft ∙ Built 1991 4 beds 3 baths ∙ 1,876 Sqft ∙ Built 1991
    LEASED 12/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.96
    •  
  • 1976 Trestle Sparks, NV 4
    • 4 beds 3 baths ∙ 2,137 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,137 Sqft ∙ Built 1987
    LEASED 08/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.91
    •  
  • 1071 Glen Meadow Dr. Sparks, NV 5
    • 4 beds 3 baths ∙ 2,096 Sqft ∙ Built 1975 4 beds 3 baths ∙ 2,096 Sqft ∙ Built 1975
    LEASED 08/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.95
    •  
PROPERTY LISTING DETAILS
Barbara Allen
Solid Source Realty
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200015907
Last Updated: 11/16/2020
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