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1011 S 3rd Ave Yakima, WA 98902

3 Beds 1 Baths 1,828 sqft Built 1940

$234,000

List Price

$915

$823.5 - $1K

Rent Est.

PROPERTY INFO

January 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1940
  • Price/Sqft : $128.01
  • 1 Days on Market
  • MLS # : 21-114
  • Updated Date : 01/17/2021 at 05:17
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,828 sqft
  • Baths : 1 full
Listing Agent

Jody Hurst & Associates Realty

Listing Agent's Description

3+ BR close to all stores and downtown, new flooring and paint,additional room could be office space, more room to expand on lower level

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PRICE & RENT TRENDS

Zip Code: 98902

ZipNIR Market*CityMarket2010Year2000201980k90k100k110k120k130k140k150k160k170k180kPrice in $74k189k

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

Zip Code: 98902

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
Hoover Elementary School Primary Regular 731 36 1
Lewis And Clark Middle School Middle Regular 839 44 1
A.c. Davis High School High Regular 2,099 97 2

Hoover Elementary School

  • Education Level: Primary
  • # of students: 731
  • # of teachers: 36
1
GreatSchools Rating

Lewis And Clark Middle School

  • Education Level: Middle
  • # of students: 839
  • # of teachers: 44
1
GreatSchools Rating

A.c. Davis High School

  • Education Level: High
  • # of students: 2,099
  • # of teachers: 97
2
GreatSchools Rating
 

$210,600$257,400$234,000

PURCHASE PRICE

$824$1,007$915

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $915
EXPENSES Loan Payment -$813
Property Tax -$182
Property Insurance -$63
Property Management Fees -$109
CASH FLOW
-$252

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.

$234,000

PROJECTED PRICE

$915

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 6.6%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$67,760

INVESTMENT

$67,760

Down Payment
$58,500
Rehab Estimate
$5,750
Closing Costs
$3,510

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$813

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $58,500
Loan Amount $175,500
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$397

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $915

    LIST RENT
  • $0.5

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$915
1$915
$915
RENT COMPS ANALYSIS
  • 1011 S 3rd Ave Yakima, WA
    • 3 beds 1 baths ∙ 1,828 Sqft ∙ Built 1940 3 beds 1 baths ∙ 1,828 Sqft ∙ Built 1940
    • Rent
    • Rent Per SQFT
    •  
    • $915
    • $0.50
    •  
PROPERTY LISTING DETAILS
Nestor Hernandez
1.509.952.9756
Jody Hurst & Associates Realty
BESbswy