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485 E Greenbrae Sparks, NV 89431

3 Beds 1 Baths 1,131 sqft Built 1962

INVESTimate

$309,000

List Price

$1,310

$1,179 - $1,441

Rent Est.

$350,004  ( +13.27%)   1 YR EST. FORECAST

PROPERTY INFO

August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 1962
  • Price/Sqft : $273.21
  • 8 Days on Market
  • MLS # : 200011373
  • Updated Date : 08/23/2020 at 16:47
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,131 sqft
  • Baths : 1 full
Listing Agent

Trans-action Realty 500

Listing Agent's Description

Coming soon...

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Tanglewood Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $92k344k

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

Neighborhood: Tanglewood Estates

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q2800900100011001200130014001500160017001800Rent in $7561873

* 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
Greenbrae Elementary School Primary Regular 395 22 5
Greenbrae Elementary School Middle Regular 395 22 5
Sparks High School High Regular 1,222 65 2

Greenbrae Elementary School

  • Education Level: Primary
  • # of students: 395
  • # of teachers: 22
5
GreatSchools Rating

Greenbrae Elementary School

  • Education Level: Middle
  • # of students: 395
  • # of teachers: 22
5
GreatSchools Rating

Sparks High School

  • Education Level: High
  • # of students: 1,222
  • # of teachers: 65
2
GreatSchools Rating
 

$278,100$339,900$309,000

PURCHASE PRICE

$1,179$1,441$1,310

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,310
EXPENSES Loan Payment -$1,140
Property Tax -$94
Property Insurance -$51
Property Management Fees -$119
CASH FLOW
-$94

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.

$309,000

PROJECTED PRICE

$1,310

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.70%
Appreciation Year (1-5) 13.27%
Maintenance Year (1-5) 8.00%
Vacancy 4.04%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,635

INVESTMENT

$87,635

Down Payment
$77,250
Rehab Estimate
$5,750
Closing Costs
$4,635

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,140

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $77,250
Loan Amount $231,750
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$16,180

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
  • $1,346

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6503$1,700
$1,700
RENT COMPS ANALYSIS
  • 485 E Greenbrae Sparks, 1
    • 3 beds 1 baths ∙ 1,131 Sqft ∙ Built 1962 3 beds 1 baths ∙ 1,131 Sqft ∙ Built 1962
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 296 E Quail Street Sparks, 2
    • 4 beds 2 baths ∙ 1,400 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,400 Sqft ∙ Built 1972
    LEASED 08/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.18
    •  
  • 1858 Fieldcrest Sparks, 3
    • 3 beds 2 baths ∙ 1,415 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,415 Sqft ∙ Built 1980
    LEASED 04/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.20
    •  
PROPERTY LISTING DETAILS
Cody Padgett
Trans-action Realty 500
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200011373
Last Updated: 08/23/2020
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