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6000 Shining Sunset Drive Sparks, NV 89436

4 Beds 3 Baths 2,807 sqft Built 2019

$505,000

List Price

$2,460

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

January 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $179.91
  • 2 Days on Market
  • MLS # : 210000035
  • Updated Date : 01/03/2021 at 00:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,807 sqft
  • Baths : 3 full
Listing Agent

Re/max Professionals

Listing Agent's Description

Beautiful, one year old, Lennar home located in highly desirable Kylie Ranch. Zoned for the new elementary and middle school. Extensive walking trails and accessibility to shopping, dining, golf and fun.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Kiley Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $89k344k

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

Neighborhood: Kiley Ranch

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q21000110012001300140015001600170018001900Rent in $9821983

* 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
Hall Elementary School Primary Regular 630 30 5
Hall Elementary School Middle Regular 630 30 5
Spanish Springs High School High Regular 2,315 95 6

Hall Elementary School

  • Education Level: Primary
  • # of students: 630
  • # of teachers: 30
5
GreatSchools Rating

Hall Elementary School

  • Education Level: Middle
  • # of students: 630
  • # of teachers: 30
5
GreatSchools Rating

Spanish Springs High School

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

$454,500$555,500$505,000

PURCHASE PRICE

$2,214$2,706$2,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,460
EXPENSES Loan Payment -$1,863
Property Tax -$511
Property Insurance -$87
HOA -$27
Property Management Fees -$119
CASH FLOW
-$147

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.

$505,000

PROJECTED PRICE

$2,460

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.70%
Appreciation Year (1-5) 9.7%
Maintenance Year (1-5) 8.00%
Vacancy 4.04%
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$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$139,575

INVESTMENT

$139,575

Down Payment
$126,250
Rehab Estimate
$5,750
Closing Costs
$7,575

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,863

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $126,250
Loan Amount $378,750
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$21,567

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
  • $2,667

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2003$2,3004$2,995
$2,995
RENT COMPS ANALYSIS
  • 6000 Shining Sunset Drive Sparks, NV 1
    • 4 beds 3 baths ∙ 2,807 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,807 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 973 Silver Coyote Sparks, NV 2
    • 3 beds 3 baths ∙ 2,468 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,468 Sqft ∙ Built 2016
    LEASED 07/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.89
    •  
  • 2486 Gallagher Road Sparks, NV 3
    • 4 beds 4 baths ∙ 2,680 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,680 Sqft ∙ Built 2016
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.86
    •  
  • 6092 Red Sun Drive Sparks, NV 4
    • 4 beds 3 baths ∙ 2,714 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,714 Sqft ∙ Built 2020
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.10
    •  
PROPERTY LISTING DETAILS
Michael Wood
Re/max Professionals
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 210000035
Last Updated: 01/03/2021
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