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6050 Quintessa Dr. Sparks, NV 89436

4 Beds 3 Baths 2,425 sqft Built 2004

INVESTimate

$449,500

List Price

$2,180

$1,962 - $2,398

Rent Est.

$493,281  ( +9.74%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $185.36
  • 8 Days on Market
  • MLS # : 200011481
  • Updated Date : 08/20/2020 at 23:32
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,425 sqft
  • Baths : 2 full , 1 half
Listing Agent

Ferrari-lund Real Estate Reno

Listing Agent's Description

Hard to find - master suite on the main level! Gorgeous wood flooring in living areas, including stairs. Kitchen features travertine flooring, large central island with seating for 4, double ovens, double-wide pantry, and gas cooktop. Breakfast nook slider opens to the flower-bordered patio and gets morning sun and a view of the mountains. Dramatic 2-story high living/dining room ceilings with ceiling fan and high windows. Light and bright! All bedrooms have brand new carpet. Garage is oversized.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Bella Vista

NeighborhoodNIR Market*CityMarket2010Year20002019160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $146k439k

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

Neighborhood: Bella Vista

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q21000110012001300140015001600170018001900200021002200Rent in $9822208

* 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
Van Gorder Elementary School Primary Regular 789 37 10
Van Gorder Elementary School Middle Regular 789 37 10
Spanish Springs High School High Regular 2,315 95 6

Van Gorder Elementary School

  • Education Level: Primary
  • # of students: 789
  • # of teachers: 37
10
GreatSchools Rating

Van Gorder Elementary School

  • Education Level: Middle
  • # of students: 789
  • # of teachers: 37
10
GreatSchools Rating

Spanish Springs High School

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

$404,550$494,450$449,500

PURCHASE PRICE

$1,962$2,398$2,180

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,180
EXPENSES Loan Payment -$1,658
Property Tax -$371
Property Insurance -$79
HOA -$65
Property Management Fees -$119
CASH FLOW
-$112

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$449,500

PROJECTED PRICE

$2,180

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.04%
Appreciation Year (1-5) 9.74%
Maintenance Year (1-5) 8.00%
Vacancy 4.52%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,868

INVESTMENT

$124,868

Down Payment
$112,375
Rehab Estimate
$5,750
Closing Costs
$6,743

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,658

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,375
Loan Amount $337,125
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$22,866

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
  • $2,298

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9903$2,1004$2,2005$2,395
$2,395
RENT COMPS ANALYSIS
  • 6050 Quintessa Dr. Sparks, 1
    • 4 beds 3 baths ∙ 2,425 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,425 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5940 Quintessa Sparks, 2
    • 3 beds 2 baths ∙ 2,102 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,102 Sqft ∙ Built 2004
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.95
    •  
  • 2903 Oxley Drive Sparks, 3
    • 3 beds 2 baths ∙ 2,149 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,149 Sqft ∙ Built 2003
    LEASED 06/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.98
    •  
  • 2776 Silverton Way Sparks, 4
    • 3 beds 2 baths ∙ 2,353 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,353 Sqft ∙ Built 1999
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.93
    •  
  • 3406 Ten Mile Dr. Sparks, 5
    • 4 beds 4 baths ∙ 2,579 Sqft ∙ Built 2004 4 beds 4 baths ∙ 2,579 Sqft ∙ Built 2004
    LEASED 08/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.93
    •  
PROPERTY LISTING DETAILS
Kim Delancey
Ferrari-lund Real Estate Reno
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200011481
Last Updated: 08/20/2020
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