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6448 David James Blvd Sparks, NV 89436

3 Beds 2 Baths 1,508 sqft Built 1996

INVESTimate

$380,000

List Price

$1,700

$1,530 - $1,870

Rent Est.

$421,914  ( +11.03%)   1 YR EST. FORECAST

PROPERTY INFO

August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 1996
  • Price/Sqft : $251.99
  • 8 Days on Market
  • MLS # : 200011385
  • Updated Date : 08/25/2020 at 01:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,508 sqft
  • Baths : 2 full
Listing Agent

Re/max Premier Properties

Listing Agent's Description

Its a Hot August and this Home is a Hot New Listing! Welcome home to this well cared for, single level home that sits on almost a 1/2 acre! Walk in the front door to the nice open living room with a large bay front window. Head to the kitchen and dining area, there is plenty of room to entertain with a large island area perfect to gather and hang in the kitchen where there are a good amount of cabinets for storage.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Spanish Springs Village

NeighborhoodNIR Market*CityMarket2010Year20002019160k180k200k220k240k260k280k300k320k340kPrice in $142k344k

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

Neighborhood: Spanish Springs Village

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q2100011001200130014001500160017001800Rent in $9631873

* 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
 

$342,000$418,000$380,000

PURCHASE PRICE

$1,530$1,870$1,700

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

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$1,402
Property Tax -$178
Property Insurance -$59
HOA -$100
Property Management Fees -$119
CASH FLOW
-$158

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.

$380,000

PROJECTED PRICE

$1,700

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.70%
Appreciation Year (1-5) 11.03%
Maintenance Year (1-5) 8.00%
Vacancy 4.04%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$106,450

INVESTMENT

$106,450

Down Payment
$95,000
Rehab Estimate
$5,750
Closing Costs
$5,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,402

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $95,000
Loan Amount $285,000
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$14,360

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
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$0
1$0
$0
RENT COMPS ANALYSIS
  • 6448 David James Blvd Sparks,
    • 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
PROPERTY LISTING DETAILS
Sarah Scattini
Re/max Premier Properties
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200011385
Last Updated: 08/25/2020
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