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5731 Cinnamon Ct Sun Valley, NV 89433

3 Beds 2 Baths 1,696 sqft Built 1997

$369,900

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

January 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $218.10
  • 5 Days on Market
  • MLS # : 210000662
  • Updated Date : 01/23/2021 at 21:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,696 sqft
  • Baths : 2 full
Listing Agent

Sierra Signature Realty

Listing Agent's Description

This home is like new and ready for immediate occupancy. It is light and bright, immaculate and boasts many additional special features. New appliances, flooring, paint, light fixtures, even smoke detectors are new. The large lot has RV gate and parking for all the stuff, the ample back yard has concrete patio, apple tree and lawn with room for a shed, hot tub and more. The guest bath has beautiful custom tile shower, the large master has lovely french doors with side windows. Take a look today.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Stone Canyon

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $102k344k

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

Neighborhood: Stone Canyon

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q2900100011001200130014001500160017001800Rent in $8501873

* 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
Palmer Elementary School Primary Regular 502 26 3
Palmer Elementary School Middle Regular 502 26 3
Spanish Springs High School High Regular 2,315 95 6

Palmer Elementary School

  • Education Level: Primary
  • # of students: 502
  • # of teachers: 26
3
GreatSchools Rating

Palmer Elementary School

  • Education Level: Middle
  • # of students: 502
  • # of teachers: 26
3
GreatSchools Rating

Spanish Springs High School

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

$332,910$406,890$369,900

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$1,285
Property Tax -$509
Property Insurance -$63
HOA -$30
Property Management Fees -$119
CASH FLOW
-$316

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.

$369,900

PROJECTED PRICE

$1,690

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.73%
Appreciation Year (1-5) 10.6%
Maintenance Year (1-5) 8.00%
Vacancy 4.08%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,774

INVESTMENT

$103,774

Down Payment
$92,475
Rehab Estimate
$5,750
Closing Costs
$5,549

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,285

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $92,475
Loan Amount $277,425
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$2,079

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
  • $1,823

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6503$1,9004$2,0005$2,150
$2,150
RENT COMPS ANALYSIS
  • 5731 Cinnamon Ct Reno, NV 1
    • 3 beds 2 baths ∙ 1,696 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,696 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5499 Breeze Sun Valley, NV 2
    • 4 beds 2 baths ∙ 1,568 Sqft ∙ Built 1996 4 beds 2 baths ∙ 1,568 Sqft ∙ Built 1996
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.05
    •  
  • 5515 Desert Dreams Dr Sun Valley, NV 3
    • 4 beds 2 baths ∙ 1,796 Sqft ∙ Built 2012 4 beds 2 baths ∙ 1,796 Sqft ∙ Built 2012
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.06
    •  
  • 1026 Floral Ridge Sparks, NV 4
    • 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
    •  
  • 5567 Junction Peak Sparks, NV 5
    • 3 beds 2 baths ∙ 1,853 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,853 Sqft ∙ Built 2003
    LEASED 01/11/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.16
    •  
PROPERTY LISTING DETAILS
C. Louise Smith-egstrom
Sierra Signature Realty
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 210000662
Last Updated: 01/23/2021
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