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6449 Caddo Sun Valley, NV 89433

3 Beds 2 Baths 1,457 sqft Built 1995

$375,000

List Price

$1,590

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $257.38
  • 3 Days on Market
  • MLS # : 210003175
  • Updated Date : 03/13/2021 at 20:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,457 sqft
  • Baths : 2 full
Listing Agent

Chase International-sparks

Listing Agent's Description

Beautifully maintained home in Highland Ranch. This single story home features 3 bedrooms, 2 bathrooms, lots of natural light, new waterproof vinyl plank flooring, vaulted ceilings and a kitchen with ample counter space. The master bedroom is spacious with a large closet and a sliding glass door to the backyard. The master bathroom has been completely remodeled with marble countertops and custom tile. The master bath has frameless glass doors and a bench.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Stone Creek

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $102k344k

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

Neighborhood: Stone Creek

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
 

$337,500$412,500$375,000

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$1,303
Property Tax -$450
Property Insurance -$58
HOA -$92
Property Management Fees -$119
CASH FLOW
-$432

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.

$375,000

PROJECTED PRICE

$1,590

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.73%
Appreciation Year (1-5) 13.6%
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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$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$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,303

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$388

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,590

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $1,612

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$1,590
1$1,5902$1,6503$1,6954$1,900
$1,900
RENT COMPS ANALYSIS
  • 6449 Caddo Sun Valley, NV 1
    • 3 beds 2 baths ∙ 1,457 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,457 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $1.09
    •  
  • 5499 Breeze Sun Valley, NV 2
    • 4 beds 2 baths ∙ 1,568 Sqft ∙ Built 1996 4 beds 2 baths ∙ 1,568 Sqft ∙ Built 1996
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.05
    •  
  • 6690 Dorchester Drive Sparks, NV 3
    • 3 beds 2 baths ∙ 1,401 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,401 Sqft ∙ Built 1996
    LEASED 01/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.21
    •  
  • 5515 Desert Dreams Dr Sun Valley, NV 4
    • 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
    •  
PROPERTY LISTING DETAILS
Christy Kuzmik
Chase International-sparks
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 210003175
Last Updated: 03/13/2021
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