Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

50 Palm Desert Court Sparks, NV 89441

3 Beds 2 Baths 1,602 sqft Built 1984

$425,000

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $265.29
  • 3 Days on Market
  • MLS # : 210002000
  • Updated Date : 02/19/2021 at 18:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,602 sqft
  • Baths : 2 full
Listing Agent

Sierra Nevada Properties-reno

Listing Agent's Description

No HOA. Fantastic location on a CUL-DE-SAC. Big yard, .345 Acre with lots of room for RV's & Toys. Patio Deck, 2 Sheds/Outbuildings, 2 Garden areas, Fruit trees & grapes. Converted to city water & sewer. Upgrades; 2017 - New AC; 2016 - Stucco, Kitchen & Bathroom Remodel; 2011 - New Roof. Included are Washer/Dryer, Dishwasher, Surround Sound, Gun Safe. Negotiable - Kitchen Table.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Pyramid Ranch Estates

NeighborhoodNIR Market*CityMarket2010Year20002019160k180k200k220k240k260k280k300k320k340kPrice in $142k349k

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

Neighborhood: Pyramid Ranch Estates

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q2100011001200130014001500160017001800Rent in $9821896

* 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
Shaw Middle School Middle Regular 1,008 43 NA
Spanish Springs High School High Regular 2,315 95 6
Shaw Middle School Middle Unknown NA

Shaw Middle School

  • Education Level: Middle
  • # of students: 1,008
  • # of teachers: 43
NA
GreatSchools Rating

Spanish Springs High School

  • Education Level: High
  • # of students: 2,315
  • # of teachers: 95
6
GreatSchools Rating

Shaw Middle School

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

$382,500$467,500$425,000

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$1,476
Property Tax -$387
Property Insurance -$61
Property Management Fees -$119
CASH FLOW
-$374

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.

$425,000

PROJECTED PRICE

$1,670

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.70%
Appreciation Year (1-5) 12.8%
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-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$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$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$2,921

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
  • $1,626

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8953$1,995
$1,995
RENT COMPS ANALYSIS
  • 50 Palm Desert Court Sparks, NV 1
    • 3 beds 2 baths ∙ 1,602 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,602 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7490 Ambush Cir Sparks, NV 2
    • 3 beds 3 baths ∙ 1,914 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,914 Sqft ∙ Built 1998
    LEASED 12/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.99
    •  
  • 2688 Arrow Smith Dr. Sparks, NV 3
    • 3 beds 2 baths ∙ 1,920 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,920 Sqft ∙ Built 1999
    LEASED 12/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.04
    •  
PROPERTY LISTING DETAILS
Mike Dostal
Sierra Nevada Properties-reno
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 210002000
Last Updated: 02/19/2021
BESbswy