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55 Eclipse Sparks, NV 89441

3 Beds 2 Baths 1,744 sqft Built 1993

INVESTimate

$425,000

List Price

$2,000

$1,800 - $2,200

Rent Est.

$479,570  ( +12.84%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1993
  • Price/Sqft : $243.69
  • 9 Days on Market
  • MLS # : 200011360
  • Updated Date : 08/21/2020 at 16:27
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,744 sqft
  • Baths : 2 full
Listing Agent

Ferrari-lund R.e. Sparks

Listing Agent's Description

Very nice home with a ton of upgrades. Outstanding landscaping with retaining walls. sprinklers, covered patio, extensive concrete additions on the front and side of the house. The house exterior was painted in 2015. Nice view in the back yard!! Garage has been finshed.

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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
Taylor Elementary School Primary Regular 614 30 8
Taylor Elementary School Middle Regular 614 30 8
Spanish Springs High School High Regular 2,315 95 6

Taylor Elementary School

  • Education Level: Primary
  • # of students: 614
  • # of teachers: 30
8
GreatSchools Rating

Taylor Elementary School

  • Education Level: Middle
  • # of students: 614
  • # of teachers: 30
8
GreatSchools Rating

Spanish Springs High School

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

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

PURCHASE PRICE

$1,800$2,200$2,000

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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,568
Property Tax -$180
Property Insurance -$64
Property Management Fees -$119
CASH FLOW
$69

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

$2,000

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.70%
Appreciation Year (1-5) 12.84%
Maintenance Year (1-5) 8.00%
Vacancy 4.04%
Length of Stay Years 2

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 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,568

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$40,589

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
  • $2,128

    COMP ESTIMATED VALUE
  • $1.22

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7953$1,7954$2,095
$2,095
RENT COMPS ANALYSIS
  • 55 Eclipse Sparks, 1
    • 3 beds 2 baths ∙ 1,744 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,744 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7835 Bermeso Ct. Sparks, 2
    • 3 beds 2 baths ∙ 1,706 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,706 Sqft ∙ Built 2000
    LEASED 06/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.05
    •  
  • 20 Sheena Court Sparks, 3
    • 3 beds 2 baths ∙ 1,502 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,502 Sqft ∙ Built 1993
    LEASED 08/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.20
    •  
  • 230 Date Palm Dr Sparks, 4
    • 3 beds 2 baths ∙ 1,490 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,490 Sqft ∙ Built 1991
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.41
    •  
PROPERTY LISTING DETAILS
Joel Blakeslee
Ferrari-lund R.e. Sparks
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200011360
Last Updated: 08/21/2020
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