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6041 Shining Sunset Dr Sparks, NV 89436

4 Beds 3 Baths 2,447 sqft Built 2019

$442,000

List Price

$2,500

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 2019
  • Price/Sqft : $180.63
  • 5 Days on Market
  • MLS # : 200015389
  • Updated Date : 11/06/2020 at 02:57
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,447 sqft
  • Baths : 2 full , 1 half
Listing Agent

Ferrari-lund Real Estate Reno

Listing Agent's Description

This one year old, Lennar built smart home has been well loved. This family has accepted an out of state job transfer There's no shortage of storage space. The Smart Features include: a tankless water heater, Built in Wi-Fi, smart thermostats, interior control panel, keyless entry, video doorbell (RING stays), and more. The eat-in kitchen features stunning white quartz countertops,

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
 

$397,800$486,200$442,000

PURCHASE PRICE

$2,250$2,750$2,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,500
EXPENSES Loan Payment -$1,631
Property Tax -$1,106
Property Insurance -$79
HOA -$35
Property Management Fees -$119
CASH FLOW
-$470

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 7% of earned rent to cover both maintenance and periods of vacancy.

$442,000

PROJECTED PRICE

$2,500

PROJECTED RENT

0.57%

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) 3.00%
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

PROJECTED ANNUAL CASH FLOW

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

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$119,130

INVESTMENT

$119,130

Down Payment
$110,500
Rehab Estimate
$2,000
Closing Costs
$6,630

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,631

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $110,500
Loan Amount $331,500
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$527

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
  • $2,508

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2003$2,4004$2,5005$2,500
$2,500
RENT COMPS ANALYSIS
  • 6041 Shining Sunset Dr Sparks, NV 1
    • 4 beds 3 baths ∙ 2,447 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,447 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6049 Red Sun Drive Sparks, NV 2
    • 4 beds 3 baths ∙ 2,367 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,367 Sqft ∙ Built 2020
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.93
    •  
  • 4821 Ravello Sparks, NV 3
    • 4 beds 3 baths ∙ 2,296 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,296 Sqft ∙ Built 2012
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.05
    •  
  • 6098 Red Sun Drive Sparks, NV 4
    • 4 beds 3 baths ∙ 2,367 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,367 Sqft ∙ Built 2020
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.06
    •  
  • 6019 Red Sun Drive Sparks, NV 5
    • 4 beds 3 baths ∙ 2,367 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,367 Sqft ∙ Built 2020
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.06
    •  
PROPERTY LISTING DETAILS
Carol Greene
Ferrari-lund Real Estate Reno
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200015389
Last Updated: 11/06/2020
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