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2470 Springland Drive 
Sparks, NV
89434
3 Beds 2 Baths 1,292 sqft
Built 1984
INVESTimate
$333,500
List Price
$94,128
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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
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,470 |
| EXPENSES | Loan Payment | -$1,230 |
| Property Tax | -$418 | |
| Property Insurance | -$55 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$352
|
||
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.
$333,500
PROJECTED PRICE
$1,470
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.70% |
| Appreciation Year (1-5) | 12.04% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 4.04% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$94,128
LOAN DETAILS
$1,230
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $83,375 |
| Loan Amount | $250,125 |
0.92
YEARS SAVED
$1,460
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
-
$1,378
COMP ESTIMATED VALUE -
$1.07
COMP AVG. RENT PER SQFT
Comps Range
-
2470 Springland Drive Sparks, 1
- 3 beds 2 baths ∙ 1,292 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,292 Sqft ∙ Built 1984
- Rent
- Rent Per SQFT
- $0
- $0.00
-
1849 Deep Creek Sparks, 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
-
936 Glen Molly Sparks, 3
- 3 beds 2 baths ∙ 1,632 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,632 Sqft ∙ Built 1973
LEASED 03/04/19- Rent
- Rent Per SQFT
- $1,750
- $1.07
-
1938 Alpland Ct Sparks, 4
- 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
PROPERTY LISTING DETAILS
Coldwell Banker Select Reno
1.866.250.5610
Mynd Property Management
1453579
MLS #: 200011684
Last Updated: 08/24/2020
