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4931 Chevalier Sparks, NV 89436

3 Beds 2 Baths 1,769 sqft Built 2005

INVESTimate

$450,000

List Price

$1,820

$1,638 - $2,002

Rent Est.

$484,695  ( +7.71%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2005
  • Price/Sqft : $254.38
  • 9 Days on Market
  • MLS # : 200011353
  • Updated Date : 08/19/2020 at 00:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,769 sqft
  • Baths : 2 full
Listing Agent

Stitser Properties

Listing Agent's Description

Coming soon listing in the gated Sonoma subdivision at the Vineyards Village in Sparks. The kitchen features slab granite counters, upgraded white cabinets & drawers with soft close, stainless steel appliances, newer dishwasher, gas stove/oven, deep farmhouse sink and a built-in breakfast nook bench with storage. The 26ft deep 3-car garage is the perfect man-cave with a workbench and pegboards. Outside you will love the paver driveway and back patio, gorgeous landscaping, and privacy fence.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: The Vineyards Villages

NeighborhoodNIR Market*CityMarket2010Year20002019160k180k200k220k240k260k280k300k320k340k360k380k400k420k440kPrice in $146k457k

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

Neighborhood: The Vineyards Villages

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q21000110012001300140015001600170018001900200021002200Rent in $9822257

* 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
 

$405,000$495,000$450,000

PURCHASE PRICE

$1,638$2,002$1,820

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

PROJECTED ANNUAL CASH FLOW

11530-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,660
Property Tax -$329
Property Insurance -$65
HOA -$70
Property Management Fees -$119
CASH FLOW
-$423

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.

$450,000

PROJECTED PRICE

$1,820

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.04%
Appreciation Year (1-5) 7.71%
Maintenance Year (1-5) 8.00%
Vacancy 4.52%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$4,252

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
  • $1,835

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8503$1,8954$2,0005$2,000
$2,000
RENT COMPS ANALYSIS
  • 4931 Chevalier Sparks, 1
    • 3 beds 2 baths ∙ 1,769 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,769 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1160 Rancho Mirage Sparks, 2
    • 4 beds 2 baths ∙ 1,932 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,932 Sqft ∙ Built 2005
    property image
    LEASED 10/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.96
    •  
  • 735 Tempiute Sparks, 3
    • 3 beds 2 baths ∙ 1,689 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,689 Sqft ∙ Built 2015
    property image
    LEASED 11/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.12
    •  
  • 1071 Rancho Mirage Dr. Sparks, 4
    • 3 beds 2 baths ∙ 1,932 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,932 Sqft ∙ Built 2006
    property image
    LEASED 11/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.04
    •  
  • 1026 Floral Ridge Sparks, 5
    • 3 beds 3 baths ∙ 1,948 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,948 Sqft ∙ Built 2005
    property image
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.03
    •  
PROPERTY LISTING DETAILS
Clint Stitser
Stitser Properties
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200011353
Last Updated: 08/19/2020
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