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1007 Thornton Rd Sunnyside, WA 98944

3 Beds 2 Baths 1,780 sqft Built 1940

$280,000

List Price

$1,047

$942.3 - $1.2K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1940
  • Price/Sqft : $157.30
  • 2 Days on Market
  • MLS # : 21-113
  • Updated Date : 01/17/2021 at 00:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,780 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

Great opportunity to own this 1.15 acre property located near Hwy 82 in the outskirts of Sunnyside with private well and irrigation water. On this parcel you will find a 3-bedroom 2-bath home with updates that include a new roof, windows, water heater, kitchen cabinets, refrigerator, range, microwave, heating and cooling system. The second building on this parcel is being used as storage but it could make a good shop or garage with someone's personal touches.

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PRICE & RENT TRENDS

Zip Code: 98944

ZipNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170kPrice in $66k171k

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

Zip Code: 98944

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
Pioneer Elementary School Primary Regular 736 50 2
Harrison Middle School Middle Regular 780 40 3

Pioneer Elementary School

  • Education Level: Primary
  • # of students: 736
  • # of teachers: 50
2
GreatSchools Rating

Harrison Middle School

  • Education Level: Middle
  • # of students: 780
  • # of teachers: 40
3
GreatSchools Rating
 

$252,000$308,000$280,000

PURCHASE PRICE

$942$1,152$1,047

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,047
EXPENSES Loan Payment -$973
Property Tax -$193
Property Insurance -$63
Property Management Fees -$109
CASH FLOW
-$290

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.

$280,000

PROJECTED PRICE

$1,047

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 7.5%
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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$973

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $70,000
Loan Amount $210,000
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$655

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,047

    LIST RENT
  • $0.59

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$1,047
1$1,047
$1,047
RENT COMPS ANALYSIS
  • 1007 Thornton Rd Sunnyside, WA
    • 3 beds 2 baths ∙ 1,780 Sqft ∙ Built 1940 3 beds 2 baths ∙ 1,780 Sqft ∙ Built 1940
    • Rent
    • Rent Per SQFT
    •  
    • $1,047
    • $0.59
    •  
PROPERTY LISTING DETAILS
Jesse Orozco
1.509.901.0209
Exp Realty Llc
BESbswy