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5157 Palo Alto Circle Sparks, NV 89436

3 Beds 2 Baths 1,854 sqft Built 1991

$455,000

List Price

$1,910

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $245.42
  • 24 Days on Market
  • MLS # : 200016990
  • Updated Date : 01/06/2021 at 23:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,854 sqft
  • Baths : 2 full
Listing Agent

Re/max Gold

Listing Agent's Description

This lovely single story home with a 3 car garage & spacious back yard is like new. CORNER LOT! Built in 1991 it has been owned by the same family since it's construction and meticulously maintained.3 bed/2 bath/3 car Garage, w/generous storage & a full attic over the garage. Beautiful Harwood flooring throughout. Dining, living room & kitchen w/high ceilings. The kitchen is perfect for large dinner parties. Off of the kitchen is a cozy den with a gas fireplace.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: The Vistas

NeighborhoodNIR Market*CityMarket2010Year20002019160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $146k439k

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

Neighborhood: The Vistas

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q21000110012001300140015001600170018001900200021002200Rent in $9822208

* 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
Beasley Elementary School Primary Regular 779 37 7
Beasley Elementary School Middle Regular 779 37 7
Reed High School High Regular 1,992 65 6

Beasley Elementary School

  • Education Level: Primary
  • # of students: 779
  • # of teachers: 37
7
GreatSchools Rating

Beasley Elementary School

  • Education Level: Middle
  • # of students: 779
  • # of teachers: 37
7
GreatSchools Rating

Reed High School

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

$409,500$500,500$455,000

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$1,580
Property Tax -$647
Property Insurance -$67
Property Management Fees -$119
CASH FLOW
-$503

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.

$455,000

PROJECTED PRICE

$1,910

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.04%
Appreciation Year (1-5) 10.7%
Maintenance Year (1-5) 8.00%
Vacancy 4.52%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

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

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$126,325

INVESTMENT

$126,325

Down Payment
$113,750
Rehab Estimate
$5,750
Closing Costs
$6,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,580

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $113,750
Loan Amount $341,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$712

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
  • $1,822

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8503$1,9904$2,0005$2,000
$2,000
RENT COMPS ANALYSIS
  • 5157 Palo Alto Circle Sparks, NV 1
    • 3 beds 4 baths ∙ 1,854 Sqft ∙ Built 1991 3 beds 4 baths ∙ 1,854 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1160 Rancho Mirage Sparks, NV 2
    • 4 beds 2 baths ∙ 1,932 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,932 Sqft ∙ Built 2005
    LEASED 10/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.96
    •  
  • 5940 Quintessa Sparks, NV 3
    • 3 beds 2 baths ∙ 2,102 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,102 Sqft ∙ Built 2004
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.95
    •  
  • 5334 Vista Heights Sparks, NV 4
    • 4 beds 3 baths ∙ 2,028 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,028 Sqft ∙ Built 2007
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.99
    •  
  • 1026 Floral Ridge Sparks, NV 5
    • 3 beds 3 baths ∙ 1,948 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,948 Sqft ∙ Built 2005
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.03
    •  
PROPERTY LISTING DETAILS
Chante Hargrove
Re/max Gold
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200016990
Last Updated: 01/06/2021
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