Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

303 Abbay Sparks, NV 89431

4 Beds 2 Baths 1,898 sqft Built 1971

$399,900

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $210.70
  • 3 Days on Market
  • MLS # : 200016058
  • Updated Date : 11/20/2020 at 17:49
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,898 sqft
  • Baths : 2 full
Listing Agent

Re/max Gold

Listing Agent's Description

This darling home in Sparks has been wonderfully updated and upgraded. 303 Abbay Way incorporates fresh and modern design elements throughout a well-designed floor plan. This single story home features 1898sf with 4 bedrooms PLUS a den, flex space, 2 full bathrooms and a 2-car garage. With new interior finishes throughout, there is nothing to do but move-in!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Vista del Oro

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $102k344k

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

Neighborhood: Vista del Oro

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q2900100011001200130014001500160017001800Rent in $8751873

* 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
Juniper Elementary School Primary Regular 464 25 5
Juniper Elementary School Middle Regular 464 25 5
Reed High School High Regular 1,992 65 6

Juniper Elementary School

  • Education Level: Primary
  • # of students: 464
  • # of teachers: 25
5
GreatSchools Rating

Juniper Elementary School

  • Education Level: Middle
  • # of students: 464
  • # of teachers: 25
5
GreatSchools Rating

Reed High School

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

$359,910$439,890$399,900

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 -$1,475
Property Tax -$351
Property Insurance -$67
Property Management Fees -$119
CASH FLOW
-$113

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.

$399,900

PROJECTED PRICE

$1,900

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.73%
Appreciation Year (1-5) 11.4%
Maintenance Year (1-5) 8.00%
Vacancy 4.08%
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-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,724

INVESTMENT

$111,724

Down Payment
$99,975
Rehab Estimate
$5,750
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,475

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,975
Loan Amount $299,925
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$18,558

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
  • $2,025

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7953$1,7954$2,350
$2,350
RENT COMPS ANALYSIS
  • 303 Abbay Sparks, NV 1
    • 4 beds 2 baths ∙ 1,898 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,898 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3340 Wilma Drive Sparks, NV 2
    • 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 1977
    LEASED 09/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.10
    •  
  • 981 Glen Martin Sparks, NV 3
    • 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
    •  
  • 711 Desert View Sparks, NV 4
    • 5 beds 3 baths ∙ 2,118 Sqft ∙ Built 1974 5 beds 3 baths ∙ 2,118 Sqft ∙ Built 1974
    LEASED 07/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.11
    •  
PROPERTY LISTING DETAILS
Carrie Kester
Re/max Gold
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200016058
Last Updated: 11/20/2020
BESbswy