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5867 Foggy Court Sun Valley, NV 89433

4 Beds 3 Baths 1,979 sqft Built 1997

$274,900

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

October 27, 2020 RECENTLY ADDED
FACTS
  • Built In 1997
  • Price/Sqft : $138.91
  • 8 Days on Market
  • MLS # : 200015044
  • Updated Date : 11/01/2020 at 06:14
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,979 sqft
  • Baths : 2 full , 1 half
Listing Agent

Rustic Realty

Listing Agent's Description

Great investor opportunity with plenty of potential. 4 bedroom/ 2.5 bath, 2 story home on a large lot in Highland Ranch. Home is being sold "as is", "where is". Living room has high ceilings with ceiling fan. Separate family room. All bedrooms are on the second level. Master bedroom has large walk in closet and ensuite bathroom.

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
 

$247,410$302,390$274,900

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,014
Property Tax -$522
Property Insurance -$69
HOA -$88
Property Management Fees -$119
CASH FLOW
$88

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.

$274,900

PROJECTED PRICE

$1,900

PROJECTED RENT

0.69%

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,599

INVESTMENT

$78,599

Down Payment
$68,725
Rehab Estimate
$5,750
Closing Costs
$4,124

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,014

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,725
Loan Amount $206,175
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$22,778

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
  • $2,065

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9003$2,0004$2,000
$2,000
RENT COMPS ANALYSIS
  • 5867 Foggy Court Sun Valley, NV 1
    • 4 beds 3 baths ∙ 1,979 Sqft ∙ Built 1997 4 beds 3 baths ∙ 1,979 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5515 Desert Dreams Dr Sun Valley, NV 2
    • 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
    •  
  • 1071 Rancho Mirage Dr. Sparks, NV 3
    • 3 beds 2 baths ∙ 1,932 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,932 Sqft ∙ Built 2006
    LEASED 11/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.04
    •  
  • 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
    •  
PROPERTY LISTING DETAILS
Steven Melching
Rustic Realty
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200015044
Last Updated: 11/01/2020
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