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6474 Edisto Court Sun Valley, NV 89433

3 Beds 2 Baths 1,696 sqft Built 1995

$370,000

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $218.16
  • 6 Days on Market
  • MLS # : 200015728
  • Updated Date : 11/13/2020 at 01:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,696 sqft
  • Baths : 2 full
Listing Agent

Call It Closed International

Listing Agent's Description

Great home in Highland Ranch on a cul-de-sac street. This beautiful 3 bedroom, 2 bath home includes a concrete RV Parking/Access. Remodeled floor plan with an extra family room and a fully remodeled kitchen! Oversized garage with lots of storage. The patio in the back yard is great for entertaining. The front yard is completely low maintenance, which makes it the perfect home for your busy schedule. Don't miss out on this one. Will not disappoint! This home will be able to show 12/01/2020

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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
Palmer Elementary School Primary Regular 502 26 3
Palmer Elementary School Middle Regular 502 26 3
Spanish Springs High School High Regular 2,315 95 6

Palmer Elementary School

  • Education Level: Primary
  • # of students: 502
  • # of teachers: 26
3
GreatSchools Rating

Palmer Elementary School

  • Education Level: Middle
  • # of students: 502
  • # of teachers: 26
3
GreatSchools Rating

Spanish Springs High School

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

$333,000$407,000$370,000

PURCHASE PRICE

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

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$1,365
Property Tax -$491
Property Insurance -$63
HOA -$88
Property Management Fees -$119
CASH FLOW
-$427

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.

$370,000

PROJECTED PRICE

$1,700

PROJECTED RENT

0.46%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,800

INVESTMENT

$103,800

Down Payment
$92,500
Rehab Estimate
$5,750
Closing Costs
$5,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,365

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,500
Loan Amount $277,500
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$701

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
  • $1,837

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5953$1,6504$1,900
$1,900
RENT COMPS ANALYSIS
  • 6474 Edisto Court Sun Valley, NV 1
    • 3 beds 3 baths ∙ 1,696 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,696 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6690 Dorchester Drive Sparks, NV 2
    • 3 beds 2 baths ∙ 1,401 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,401 Sqft ∙ Built 1996
    property image
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.14
    •  
  • 5499 Breeze Sun Valley, NV 3
    • 4 beds 2 baths ∙ 1,568 Sqft ∙ Built 1996 4 beds 2 baths ∙ 1,568 Sqft ∙ Built 1996
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.05
    •  
  • 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
    property image
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.06
    •  
PROPERTY LISTING DETAILS
Leslie Henderson
Call It Closed International
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200015728
Last Updated: 11/13/2020
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