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PROPERTY INFO
FACTS
- Single Family
- Built In 1983
- Price/Sqft : $322.54
- 3 Days on Market
- MLS # : 210002018
- Updated Date : 02/19/2021 at 21:30
CONSTRUCTION
- Beds : 3
- Floor Size : 1,668 sqft
- Baths : 2 full
Listing Agent
Keller Williams Group One Inc.
Listing Agent's Description
This newly renovated Spanish Springs, 3 bedroom, 2 bath, 2 car garage home is a must see! The house has a open floor plan, large master bedroom, bonus mudroom/office space, and french doors that open up to the park-like, 1 acre, fully fenced backyard. The backyard has a variety of fruit trees, two patios, hot-tub/spa hook ups, gazebos, storage shed, workshop with two detached garages, RV parking, and room for horses. This property has been well cared for and has all of the amenities you will ever need!
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PRICE & RENT TRENDS
Neighborhood: Sky Ranch - Donovan Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sky Ranch - Donovan Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,970 |
| EXPENSES | Loan Payment | -$1,869 |
| Property Tax | -$497 | |
| Property Insurance | -$63 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$577
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.
$538,000
PROJECTED PRICE
$1,970
PROJECTED RENT
0.37%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.04% |
| Appreciation Year (1-5) | 13.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 4.52% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$148,320
LOAN DETAILS
$1,869
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $134,500 |
| Loan Amount | $403,500 |
0.67
YEARS SAVED
$1,555
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
-
$1,710
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
-
90 Leo Drive Sparks, NV 1
- 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 1983
- Rent
- Rent Per SQFT
- $0
- $0.00
-
7300 S Florentine Drive Sparks, NV 2
- 3 beds 2 baths ∙ 1,783 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,783 Sqft ∙ Built 1997
LEASED 07/14/20- Rent
- Rent Per SQFT
- $1,795
- $1.01
-
2688 Arrow Smith Dr. Sparks, NV 3
- 3 beds 2 baths ∙ 1,920 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,920 Sqft ∙ Built 1999
LEASED 12/28/20- Rent
- Rent Per SQFT
- $1,995
- $1.04
PROPERTY LISTING DETAILS
Keller Williams Group One Inc.
1.866.250.5610
Mynd Property Management
1453579
MLS #: 210002018
Last Updated: 02/19/2021
