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655 Lyyski St Sparks, NV 89431

4 Beds 2 Baths 1,406 sqft Built 1965

$329,900

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1965
  • Price/Sqft : $234.64
  • 4 Days on Market
  • MLS # : 200017324
  • Updated Date : 01/01/2021 at 03:39
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,406 sqft
  • Baths : 2 full
Listing Agent

Reno/tahoe Realty Group, Llc

Listing Agent's Description

Four bed, two bath home with ample living space! Large living room leads to a nice patio partially covered. A great layout as well - the four bedrooms off to one side! Come see what has the potential to be your home!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Rosepark

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $102k344k

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

Neighborhood: Rosepark

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q2900100011001200130014001500160017001800Rent in $8691873

* 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
Lincoln Park Elementary School Primary Regular 425 25 2
Lincoln Park Elementary School Middle Regular 425 25 2
Sparks High School High Regular 1,222 65 2

Lincoln Park Elementary School

  • Education Level: Primary
  • # of students: 425
  • # of teachers: 25
2
GreatSchools Rating

Lincoln Park Elementary School

  • Education Level: Middle
  • # of students: 425
  • # of teachers: 25
2
GreatSchools Rating

Sparks High School

  • Education Level: High
  • # of students: 1,222
  • # of teachers: 65
2
GreatSchools Rating
 

$296,910$362,890$329,900

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 -$1,217
Property Tax -$281
Property Insurance -$57
Property Management Fees -$119
CASH FLOW
$26

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.

$329,900

PROJECTED PRICE

$1,700

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.73%
Appreciation Year (1-5) 13.3%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,174

INVESTMENT

$93,174

Down Payment
$82,475
Rehab Estimate
$5,750
Closing Costs
$4,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,217

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,475
Loan Amount $247,425
See What Happens When You Reinvest Cash Flow

6.08

YEARS SAVED

$26,493

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
  • $1,663

    COMP ESTIMATED VALUE
  • $1.18

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6503$1,6954$1,6955$1,700
$1,700
RENT COMPS ANALYSIS
  • 655 Lyyski St Sparks, NV 1
    • 4 beds 2 baths ∙ 1,406 Sqft ∙ Built 1965 4 beds 2 baths ∙ 1,406 Sqft ∙ Built 1965
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 296 E Quail Street Sparks, NV 2
    • 4 beds 2 baths ∙ 1,400 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,400 Sqft ∙ Built 1972
    property image
    LEASED 08/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.18
    •  
  • 1862 Espee Ct. Sparks, NV 3
    • 3 beds 3 baths ∙ 1,454 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,454 Sqft ∙ Built 1985
    property image
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.17
    •  
  • 3139 Saltern Way Sparks, NV 4
    • 3 beds 2 baths ∙ 1,435 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,435 Sqft ∙ Built 1974
    property image
    LEASED 10/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.18
    •  
  • 1128 La Via Way Sparks, NV 5
    • 3 beds 2 baths ∙ 1,415 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,415 Sqft ∙ Built 1973
    property image
    LEASED 04/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.20
    •  
PROPERTY LISTING DETAILS
Terry Rasner
Reno/tahoe Realty Group, Llc
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200017324
Last Updated: 01/01/2021
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