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PROPERTY INFO
FACTS
- Single Family
- Built In 1982
- Price/Sqft : $231.98
- 3 Days on Market
- MLS # : 210000009
- Updated Date : 01/01/2021 at 19:30
CONSTRUCTION
- Beds : 3
- Floor Size : 1,676 sqft
- Baths : 2 full
Listing Agent
Chase International-sparks
Listing Agent's Description
INVESTER ALLERT!! SECURE THIS DESIRABLE HOME NOW AND COVER YOUR COSTS FOR 6 MONTHS OR MORE WITH THE CURRENT OWNERS AS YOUR RENTERS! SELLERS ARE IN ESCROW ON A NEW BUILD THAT WILL HOPEFULLY BE DONE BY JULY! Well maintained 3 bedroom, 2 bath home in ideal end of cul-de-sac location with a large lot that affords privacy. This home features vaulted ceilings with Velux skylights in the living room and kitchen. The kitchen has granite countertops with a large movable granite island and stainless appliances,
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PRICE & RENT TRENDS
Neighborhood: Reed
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Reed
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,760 |
| EXPENSES | Loan Payment | -$1,435 |
| Property Tax | -$454 | |
| Property Insurance | -$63 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$310
|
||
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.
$388,800
PROJECTED PRICE
$1,760
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.70% |
| Appreciation Year (1-5) | 12.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 4.04% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$108,782
LOAN DETAILS
$1,435
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $97,200 |
| Loan Amount | $291,600 |
1.58
YEARS SAVED
$4,735
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
-
$1,781
COMP ESTIMATED VALUE -
$1.06
COMP AVG. RENT PER SQFT
Comps Range
-
2394 Fernwood Sparks, NV 1
- 3 beds 2 baths ∙ 1,676 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,676 Sqft ∙ Built 1982
- Rent
- Rent Per SQFT
- $0
- $0.00
-
1849 Deep Creek Sparks, NV 2
- 3 beds 2 baths ∙ 1,642 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,642 Sqft ∙ Built 1981
LEASED 02/27/20- Rent
- Rent Per SQFT
- $1,650
- $1.00
-
1938 Alpland Ct Sparks, NV 3
- 3 beds 2 baths ∙ 1,642 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,642 Sqft ∙ Built 1985
LEASED 06/18/20- Rent
- Rent Per SQFT
- $1,850
- $1.13
-
981 Glen Martin Sparks, NV 4
- 4 beds 2 baths ∙ 1,822 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,822 Sqft ∙ Built 1973
LEASED 12/03/20- Rent
- Rent Per SQFT
- $1,895
- $1.04
-
2385 Primio Way Sparks, NV 5
- 4 beds 2 baths ∙ 1,951 Sqft ∙ Built 1995 4 beds 2 baths ∙ 1,951 Sqft ∙ Built 1995
LEASED 10/10/19- Rent
- Rent Per SQFT
- $2,100
- $1.08
PROPERTY LISTING DETAILS
Chase International-sparks
1.866.250.5610
Mynd Property Management
1453579
MLS #: 210000009
Last Updated: 01/01/2021
