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1021 N 34th Ave Yakima, WA 98902

2 Beds 1 Baths 1,596 sqft Built 1935

INVESTimate

$100,000

List Price

$901

$811 - $991

Rent Est.

$106,640  ( +6.64%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1935
  • Price/Sqft : $62.66
  • 6 Days on Market
  • MLS # : 20-1816
  • Updated Date : 08/22/2020 at 09:55
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,596 sqft
  • Baths : 1 full
Listing Agent

Windermere Real Estate

Listing Agent's Description

If you are looking for a diamond in the rough with lots of potential, this is it! This little cutie is zoned R-3 and sits on .22 acres. As an extra bonus we will include the cobwebs in the basement at no extra charge! The oil furnace may or may not work.

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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
Gilbert Elementary School Primary Regular 560 35 2
Wilson Middle School Middle Regular 825 46 3
A.c. Davis High School High Regular 2,099 97 2

Gilbert Elementary School

  • Education Level: Primary
  • # of students: 560
  • # of teachers: 35
2
GreatSchools Rating

Wilson Middle School

  • Education Level: Middle
  • # of students: 825
  • # of teachers: 46
3
GreatSchools Rating

A.c. Davis High School

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

$90,000$110,000$100,000

PURCHASE PRICE

$811$991$901

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$50k$100k$150k$200k$250k$300k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $901
EXPENSES Loan Payment -$369
Property Tax -$85
Property Insurance -$59
Property Management Fees -$109
CASH FLOW
$280

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.

$100,000

PROJECTED PRICE

$901

PROJECTED RENT

0.90%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 6.64%
Maintenance Year (1-5) 8.00%
Vacancy 6.00%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$32,250

INVESTMENT

$32,250

Down Payment
$25,000
Rehab Estimate
$5,750
Closing Costs
$1,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$369

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $25,000
Loan Amount $75,000
See What Happens When You Reinvest Cash Flow

16.08

YEARS SAVED

$31,153

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $901

    LIST RENT
  • $0.56

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$901
1$901
$901
RENT COMPS ANALYSIS
  • 1021 N 34th Ave Yakima,
    • 2 beds 1 baths ∙ 1,596 Sqft ∙ Built 1935 2 beds 1 baths ∙ 1,596 Sqft ∙ Built 1935
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $901
    • $0.56
    •  
PROPERTY LISTING DETAILS
Cheri A. Daniels
1.509.834.0356
Windermere Real Estate
BESbswy