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4545 Pyramid Peak Cir Sparks, NV 89436

4 Beds 4 Baths 2,933 sqft Built 1996

$599,000

List Price

$2,520

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $204.23
  • 5 Days on Market
  • MLS # : 210002166
  • Updated Date : 02/26/2021 at 06:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,933 sqft
  • Baths : 4 full
Listing Agent

Intero

Listing Agent's Description

Come take a look at this beautiful 4 bedroom 4 bathroom home. Each bedroom has a dedicated bathroom and walk-in closet and lots of natural light. The main living/ dining space has 20ft ceilings and windows throughout. The main living room has an open concept living area with the kitchen and breakfast nook with views to the backyard. The backyard area has plenty of space for entertaining and plenty of room for RV parking completed with brand new fencing with a double gate for easier access.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Promontory

NeighborhoodNIR Market*CityMarket2010Year20002019160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $146k439k

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

Neighborhood: Promontory

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
Mendive Middle School Middle Magnet 1,089 43 NA
Reed High School High Regular 1,992 65 6
Sky Ranch Middle School Middle Unknown NA

Mendive Middle School

  • Education Level: Middle
  • # of students: 1,089
  • # of teachers: 43
NA
GreatSchools Rating

Reed High School

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

Sky Ranch Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$539,100$658,900$599,000

PURCHASE PRICE

$2,268$2,772$2,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,520
EXPENSES Loan Payment -$2,081
Property Tax -$920
Property Insurance -$89
Property Management Fees -$119
CASH FLOW
-$689

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.

$599,000

PROJECTED PRICE

$2,520

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.04%
Appreciation Year (1-5) 9.7%
Maintenance Year (1-5) 8.00%
Vacancy 4.52%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,485

INVESTMENT

$164,485

Down Payment
$149,750
Rehab Estimate
$5,750
Closing Costs
$8,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,081

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $149,750
Loan Amount $449,250
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$440

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
  • $2,640

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2753$2,4004$2,450
$2,450
RENT COMPS ANALYSIS
  • 4545 Pyramid Peak Cir Sparks, NV 1
    • 4 beds 4 baths ∙ 2,933 Sqft ∙ Built 1996 4 beds 4 baths ∙ 2,933 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3007 Brachetto Loop Sparks, NV 2
    • 3 beds 3 baths ∙ 2,616 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,616 Sqft ∙ Built 2016
    LEASED 09/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,275
    • $0.87
    •  
  • 4683 Cheatgrass Sparks, NV 3
    • 5 beds 3 baths ∙ 2,652 Sqft ∙ Built 1994 5 beds 3 baths ∙ 2,652 Sqft ∙ Built 1994
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.90
    •  
  • 4626 Firtree Lane Sparks, NV 4
    • 5 beds 3 baths ∙ 2,648 Sqft ∙ Built 1995 5 beds 3 baths ∙ 2,648 Sqft ∙ Built 1995
    LEASED 09/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.93
    •  
PROPERTY LISTING DETAILS
Jacob Dexter
Intero
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 210002166
Last Updated: 02/26/2021
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