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1005 Speyers Rd Selah, WA 98942

3 Beds 3 Baths 2,398 sqft Built 1950

$340,000

List Price

$1,534

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 17, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1950
  • Price/Sqft : $141.78
  • 6 Days on Market
  • MLS # : 20-2605
  • Updated Date : 11/19/2020 at 17:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,398 sqft
  • Baths : 3 full
Listing Agent

Windermere Real Estate

Listing Agent's Description

Spacious and updated home. Large rooms, nice view, tons of storage. Huge garage. Beautiful updated kitchen w/ all appliances including a gas range. Main living areas are upstairs. 3rd bedroom or office on main, seller is willing to install free standing closet if requested. Huge family room or 4th bedroom w/closet in the storage room on ground level as well as a full bathroom. 2 big storage rooms and garage w/ work bench, deep enough for 4 cars.

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PRICE & RENT TRENDS

Zip Code: 98942

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $78k225k

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

Zip Code: 98942

No Data Available.

* 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
John Campbell Elementary School Primary Regular 645 44 NA
Selah Intermediate School Middle Regular 794 44 NA
Selah High School High Regular 1,029 44 7

John Campbell Elementary School

  • Education Level: Primary
  • # of students: 645
  • # of teachers: 44
NA
GreatSchools Rating

Selah Intermediate School

  • Education Level: Middle
  • # of students: 794
  • # of teachers: 44
NA
GreatSchools Rating

Selah High School

  • Education Level: High
  • # of students: 1,029
  • # of teachers: 44
7
GreatSchools Rating
 

$306,000$374,000$340,000

PURCHASE PRICE

$1,381$1,687$1,534

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,534
EXPENSES Loan Payment -$1,254
Property Tax -$268
Property Insurance -$75
Property Management Fees -$109
CASH FLOW
-$172

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$340,000

PROJECTED PRICE

$1,534

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 5.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.00%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,850

INVESTMENT

$95,850

Down Payment
$85,000
Rehab Estimate
$5,750
Closing Costs
$5,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,254

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $85,000
Loan Amount $255,000
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$6,997

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,534

    LIST RENT
  • $0.64

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$1,534
1$1,534
$1,534
RENT COMPS ANALYSIS
  • 1005 Speyers Rd Selah, WA
    • 3 beds 3 baths ∙ 2,398 Sqft ∙ Built 1950 3 beds 3 baths ∙ 2,398 Sqft ∙ Built 1950
    • Rent
    • Rent Per SQFT
    •  
    • $1,534
    • $0.64
    •  
PROPERTY LISTING DETAILS
Jo Ann Houfek
1.509.952.6380
Windermere Real Estate
BESbswy