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3279 Candelaria Drive 
Sparks, NV
89434
3 Beds 2 Baths 1,256 sqft
Built 1979
INVESTimate
$349,900
List Price
$98,474
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PROPERTY INFO
FACTS
- Built In 1979
- Price/Sqft : $278.58
- 3 Days on Market
- MLS # : 200011687
- Updated Date : 08/25/2020 at 18:48
CONSTRUCTION
- Beds : 3
- Floor Size : 1,256 sqft
- Baths : 2 full
Listing Agent
Re/max Professionals
Listing Agent's Description
Great home in Sparks that is truly move in ready! Well maintained home, zoned for Reed High School. Enjoy the weekends playing in the back or front yards, there is plenty of room for everyone on this large lot. Unlike most homes in the area, this home has been updated to include a lot of features you would only expect in a newer home. A great room concept with a cozy wood burning fireplace to enjoy your evenings. Come see this beautiful home!
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PRICE & RENT TRENDS
Neighborhood: Eastland Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Eastland Hills
* 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 | $1,700 |
| EXPENSES | Loan Payment | -$1,291 |
| Property Tax | -$376 | |
| Property Insurance | -$54 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$139
|
||
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.
$349,900
PROJECTED PRICE
$1,700
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.70% |
| Appreciation Year (1-5) | 14.65% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 4.04% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$98,474
LOAN DETAILS
$1,291
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $87,475 |
| Loan Amount | $262,425 |
3.5
YEARS SAVED
$12,487
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
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COMP ESTIMATED VALUE -
COMP AVG. RENT PER SQFT
Comps Range
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3279 Candelaria Drive Sparks,
- 3 beds 2 baths ∙ 1,256 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,256 Sqft ∙ Built 1979
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
PROPERTY LISTING DETAILS
Re/max Professionals
1.866.250.5610
Mynd Property Management
1453579
MLS #: 200011687
Last Updated: 08/25/2020
