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3951 Moon Vista Drive Sparks, NV 89436

4 Beds 3 Baths 2,387 sqft Built 2017

INVESTimate

$525,000

List Price

$2,140

$1,926 - $2,354

Rent Est.

$569,730  ( +8.52%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2017
  • Price/Sqft : $219.94
  • 10 Days on Market
  • MLS # : 200011304
  • Updated Date : 08/25/2020 at 01:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,387 sqft
  • Baths : 3 full
Listing Agent

Dickson Realty - Caughlin

Listing Agent's Description

This beautiful turn-key home will sell fast! Built in 2017, it has everything your family needs: single story, beautiful yard, nice neighborhood, plenty of room for a home office or home gym and wide open living space for COVID-friendly entertaining. This gorgeous, well-maintained home can be yours!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: The Foothills at Wingfield Springs

NeighborhoodNIR Market*CityMarket2010Year20002019160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $146k439k

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

Neighborhood: The Foothills at Wingfield Springs

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q21000110012001300140015001600170018001900200021002200Rent in $9822208

* 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
Spanish Springs Elementary School Primary Regular 713 32 7
Spanish Springs Elementary School Middle Regular 713 32 7
Spanish Springs High School High Regular 2,315 95 6

Spanish Springs Elementary School

  • Education Level: Primary
  • # of students: 713
  • # of teachers: 32
7
GreatSchools Rating

Spanish Springs Elementary School

  • Education Level: Middle
  • # of students: 713
  • # of teachers: 32
7
GreatSchools Rating

Spanish Springs High School

  • Education Level: High
  • # of students: 2,315
  • # of teachers: 95
6
GreatSchools Rating
 

$472,500$577,500$525,000

PURCHASE PRICE

$1,926$2,354$2,140

RENT

DOWN PAYMENT
FINANCING

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-$10k-$5.0k$0.0$5.0k$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,140
EXPENSES Loan Payment -$1,937
Property Tax -$439
Property Insurance -$78
HOA -$172
Property Management Fees -$119
CASH FLOW
-$605

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$525,000

PROJECTED PRICE

$2,140

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.04%
Appreciation Year (1-5) 8.52%
Maintenance Year (1-5) 8.00%
Vacancy 4.52%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,937

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

0.67

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
  • $2,148

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1003$2,1004$2,3005$2,300
$2,300
RENT COMPS ANALYSIS
  • 3951 Moon Vista Drive Sparks, 1
    • 4 beds 3 baths ∙ 2,387 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,387 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7422 Windswept Loop Sparks, 2
    • 4 beds 3 baths ∙ 2,360 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,360 Sqft ∙ Built 2010
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.89
    •  
  • 7405 Windswept Loop Sparks, 3
    • 4 beds 3 baths ∙ 2,360 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,360 Sqft ∙ Built 2009
    property image
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.89
    •  
  • 7391 Windswept Loop Sparks, 4
    • 4 beds 3 baths ∙ 2,360 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,360 Sqft ∙ Built 2009
    property image
    LEASED 06/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.97
    •  
  • 7070 Verite Drive Sparks, 5
    • 5 beds 3 baths ∙ 2,714 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,714 Sqft ∙ Built 2004
    property image
    LEASED 08/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.85
    •  
PROPERTY LISTING DETAILS
Lisa Harrison
Dickson Realty - Caughlin
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200011304
Last Updated: 08/25/2020
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