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5867 Foggy Ct Sun Valley, NV 89433

4 Beds 3 Baths 1,979 sqft Built 1997

$395,000

List Price

$1,920

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

February 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $199.60
  • 7 Days on Market
  • MLS # : 210001493
  • Updated Date : 02/13/2021 at 06:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,979 sqft
  • Baths : 2 full , 1 half
Listing Agent

Congress Realty, Inc.

Listing Agent's Description

Nice big home in suburbs, new furnace and kitchen appliances, fresh internal paint, new carpet and garage door.

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
Sparks Middle School Middle Regular 732 32 NA
Spanish Springs High School High Regular 2,315 95 6
Desert Skies Middle School Middle Unknown NA

Sparks Middle School

  • Education Level: Middle
  • # of students: 732
  • # of teachers: 32
NA
GreatSchools Rating

Spanish Springs High School

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

Desert Skies Middle School

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

$355,500$434,500$395,000

PURCHASE PRICE

$1,728$2,112$1,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,920
EXPENSES Loan Payment -$1,372
Property Tax -$522
Property Insurance -$69
HOA -$90
Property Management Fees -$119
CASH FLOW
-$252

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.

$395,000

PROJECTED PRICE

$1,920

PROJECTED RENT

0.49%

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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$110,425

INVESTMENT

$110,425

Down Payment
$98,750
Rehab Estimate
$5,750
Closing Costs
$5,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,372

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $98,750
Loan Amount $296,250
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$4,754

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
  • $2,088

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9003$2,0004$2,0005$2,100
$2,100
RENT COMPS ANALYSIS
  • 5867 Foggy Ct 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
    •  
  • 5823 Desert Mirage Drive Sparks, NV 5
    • 3 beds 2 baths ∙ 1,932 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,932 Sqft ∙ Built 2009
    LEASED 11/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.09
    •  
PROPERTY LISTING DETAILS
Jared English
Congress Realty, Inc.
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 210001493
Last Updated: 02/13/2021
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