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6566 Chula Vista Dr Sparks, NV 89436

5 Beds 3 Baths 2,897 sqft Built 1999

INVESTimate

$459,900

List Price

$2,320

$2,088 - $2,552

Rent Est.

$504,694  ( +9.74%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1999
  • Price/Sqft : $158.75
  • 21 Days on Market
  • MLS # : 200010808
  • Updated Date : 08/24/2020 at 23:18
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,897 sqft
  • Baths : 3 full
Listing Agent

Berkshire Hathaway Homeservice

Listing Agent's Description

Looking for a beautiful spacious home with NO HOA & a large private lot to store your toys...look no further! As you enter on the top floor of the home you will see the stunning laminate plank throughout the entire space and down the stair to the daylight basement. The home has large open kitchen with granite countertops, double oven, panty, breakfast nook and island for lots of work space. Kitchen is open to the breakfast nook and family room with gas log fireplace and an unobstructed mountain view.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sierra Vista

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $102k361k

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

Neighborhood: Sierra Vista

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q21000110012001300140015001600170018001900Rent in $9821903

* 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
Sepulveda Elementary School Primary Regular 749 36 6
Sepulveda Elementary School Middle Regular 749 36 6
Spanish Springs High School High Regular 2,315 95 6

Sepulveda Elementary School

  • Education Level: Primary
  • # of students: 749
  • # of teachers: 36
6
GreatSchools Rating

Sepulveda Elementary School

  • Education Level: Middle
  • # of students: 749
  • # of teachers: 36
6
GreatSchools Rating

Spanish Springs High School

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

$413,910$505,890$459,900

PURCHASE PRICE

$2,088$2,552$2,320

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$1.8M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

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 $2,320
EXPENSES Loan Payment -$1,697
Property Tax -$267
Property Insurance -$89
Property Management Fees -$119
CASH FLOW
$149

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.

$459,900

PROJECTED PRICE

$2,320

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.73%
Appreciation Year (1-5) 9.74%
Maintenance Year (1-5) 8.00%
Vacancy 4.08%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$127,624

INVESTMENT

$127,624

Down Payment
$114,975
Rehab Estimate
$5,750
Closing Costs
$6,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,697

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $114,975
Loan Amount $344,925
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$50,954

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
  • $2,588

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,4003$2,4504$2,550
$2,550
RENT COMPS ANALYSIS
  • 6566 Chula Vista Dr Sparks, 1
    • 5 beds 3 baths ∙ 2,897 Sqft ∙ Built 1999 5 beds 3 baths ∙ 2,897 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4683 Cheatgrass Sparks, 2
    • 5 beds 3 baths ∙ 2,652 Sqft ∙ Built 1994 5 beds 3 baths ∙ 2,652 Sqft ∙ Built 1994
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.90
    •  
  • 4626 Firtree Lane Sparks, 3
    • 5 beds 3 baths ∙ 2,648 Sqft ∙ Built 1995 5 beds 3 baths ∙ 2,648 Sqft ∙ Built 1995
    LEASED 09/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.93
    •  
  • 5125 Rincon Court Sparks, 4
    • 4 beds 3 baths ∙ 2,993 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,993 Sqft ∙ Built 1996
    LEASED 05/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.85
    •  
PROPERTY LISTING DETAILS
Heidi Somhegyi
Berkshire Hathaway Homeservice
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200010808
Last Updated: 08/24/2020
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