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4885 Pradera St. Sparks, NV 89436

5 Beds 3 Baths 2,772 sqft Built 1995

$482,938

List Price

$2,310

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $174.22
  • 3 Days on Market
  • MLS # : 200015799
  • Updated Date : 11/13/2020 at 22:15
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,772 sqft
  • Baths : 3 full
Listing Agent

Dickson Realty - Sparks

Listing Agent's Description

Expansive home, on nearly 1/4 acre lot, located within Mesa Meadows community. New carpet, flooring, interior and exterior paint. 2,772sf home: 5 bedrooms, 3 full bathrooms & 3 car garage offers open & bright floor plan. Features include, but not limited to: high ceilings, large bedroom which could used as a game/bonus room, kitchen island, double ovens and surround sound. Oversized master bedroom features walk in closet, sunken tub, shower stall, along with dual vanities and extra sitting area.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Mesa Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019160k180k200k220k240k260k280k300k320k340k360kPrice in $142k366k

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

Neighborhood: Mesa Meadows

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q2100011001200130014001500160017001800Rent in $9821873

* 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
Sepulveda Elementary School Primary Regular 749 36 6
Sepulveda Elementary School Middle Regular 749 36 6
Reed High School High Regular 1,992 65 6

Sepulveda Elementary School

  • Education Level: Primary
  • # of students: 749
  • # of teachers: 36
6
GreatSchools Rating

Sepulveda Elementary School

  • Education Level: Middle
  • # of students: 749
  • # of teachers: 36
6
GreatSchools Rating

Reed High School

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

$434,644$531,232$482,938

PURCHASE PRICE

$2,079$2,541$2,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,310
EXPENSES Loan Payment -$1,782
Property Tax -$784
Property Insurance -$86
Property Management Fees -$119
CASH FLOW
-$460

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.

$482,938

PROJECTED PRICE

$2,310

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.70%
Appreciation Year (1-5) 9.9%
Maintenance Year (1-5) 8.00%
Vacancy 4.04%
Length of Stay Years 2

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$133,729

INVESTMENT

$133,729

Down Payment
$120,735
Rehab Estimate
$5,750
Closing Costs
$7,244

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,782

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $120,735
Loan Amount $362,204
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$2,344

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
  • $2,536

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,4003$2,450
$2,450
RENT COMPS ANALYSIS
  • 4885 Pradera St. Sparks, NV 1
    • 5 beds 3 baths ∙ 2,772 Sqft ∙ Built 1995 5 beds 3 baths ∙ 2,772 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4683 Cheatgrass Sparks, NV 2
    • 5 beds 3 baths ∙ 2,652 Sqft ∙ Built 1994 5 beds 3 baths ∙ 2,652 Sqft ∙ Built 1994
    property image
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.90
    •  
  • 4626 Firtree Lane Sparks, NV 3
    • 5 beds 3 baths ∙ 2,648 Sqft ∙ Built 1995 5 beds 3 baths ∙ 2,648 Sqft ∙ Built 1995
    property image
    LEASED 09/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.93
    •  
PROPERTY LISTING DETAILS
Charles Johns
Dickson Realty - Sparks
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200015799
Last Updated: 11/13/2020
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