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PROPERTY INFO
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.
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PRICE & RENT TRENDS
Neighborhood: Promontory
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Promontory
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$164,485
LOAN DETAILS
$2,081
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $149,750 |
| Loan Amount | $449,250 |
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
-
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
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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
Intero
1.866.250.5610
Mynd Property Management
1453579
MLS #: 210002166
Last Updated: 02/26/2021
