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913 Oxford Ave Sparks, NV 89431

3 Beds 2 Baths 1,906 sqft Built 1951

$350,000

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1951
  • Price/Sqft : $183.63
  • 3 Days on Market
  • MLS # : 210000015
  • Updated Date : 01/01/2021 at 23:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,906 sqft
  • Baths : 2 full
Listing Agent

Krch Realty

Listing Agent's Description

Please call listing agent with any questions. Seller is having the home professionally cleaned and it will be available for showings ASAP. Many updated items including the roof. Check out the awesome WORKSHOP in the back!! Great lot!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Northmore Park

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $81k344k

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

Neighborhood: Northmore Park

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q2700800900100011001200130014001500160017001800Rent in $6871873

* 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
Maxwell Elementary School Primary Regular 632 33 4
Maxwell Elementary School Middle Regular 632 33 4
Sparks High School High Regular 1,222 65 2

Maxwell Elementary School

  • Education Level: Primary
  • # of students: 632
  • # of teachers: 33
4
GreatSchools Rating

Maxwell Elementary School

  • Education Level: Middle
  • # of students: 632
  • # of teachers: 33
4
GreatSchools Rating

Sparks High School

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

$315,000$385,000$350,000

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$1,291
Property Tax -$283
Property Insurance -$68
Property Management Fees -$119
CASH FLOW
-$41

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.

$350,000

PROJECTED PRICE

$1,720

PROJECTED RENT

0.49%

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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$21,547

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
  • $1,792

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,600
$1,600
RENT COMPS ANALYSIS
  • 913 Oxford Ave Sparks, NV 1
    • 3 beds 2 baths ∙ 1,906 Sqft ∙ Built 1951 3 beds 2 baths ∙ 1,906 Sqft ∙ Built 1951
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2245 Mannington St. Reno, NV 2
    • 4 beds 2 baths ∙ 1,709 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,709 Sqft ∙ Built 1963
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.94
    •  
PROPERTY LISTING DETAILS
Louisa Higley
Krch Realty
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 210000015
Last Updated: 01/01/2021
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