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10604 Hughes Rd Yakima, WA 98903

3 Beds 1 Baths 1,920 sqft Built 1924

$199,500

List Price

$1,084

$975.6 - $1.2K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1924
  • Price/Sqft : $103.91
  • 3 Days on Market
  • MLS # : 20-2718
  • Updated Date : 12/04/2020 at 14:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,920 sqft
  • Baths : 1 full
Listing Agent

John L Scott Yakima

Listing Agent's Description

Three bedroom one bathroom home with TONS of potential! House has brand new foundation and an unfinished basement. Covered parking in a quiet neighborhood. Room for sweat equity!

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PRICE & RENT TRENDS

Zip Code: 98903

ZipNIR Market*CityMarket2010Year2000201980k90k100k110k120k130k140k150k160k170k180kPrice in $70k189k

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

Zip Code: 98903

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
West Valley Middle School Primary Regular 813 38 6
West Valley Middle School Middle Regular 813 38 6
West Valley High School High Regular 1,040 44 6

West Valley Middle School

  • Education Level: Primary
  • # of students: 813
  • # of teachers: 38
6
GreatSchools Rating

West Valley Middle School

  • Education Level: Middle
  • # of students: 813
  • # of teachers: 38
6
GreatSchools Rating

West Valley High School

  • Education Level: High
  • # of students: 1,040
  • # of teachers: 44
6
GreatSchools Rating
 

$179,550$219,450$199,500

PURCHASE PRICE

$976$1,192$1,084

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,084
EXPENSES Loan Payment -$736
Property Tax -$153
Property Insurance -$65
Property Management Fees -$109
CASH FLOW
$21

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.

$199,500

PROJECTED PRICE

$1,084

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 4.8%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$58,618

INVESTMENT

$58,618

Down Payment
$49,875
Rehab Estimate
$5,750
Closing Costs
$2,993

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$736

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $49,875
Loan Amount $149,625
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$13,923

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,084

    LIST RENT
  • $0.56

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$1,084
1$1,084
$1,084
RENT COMPS ANALYSIS
  • 10604 Hughes Rd Yakima, WA
    • 3 beds 1 baths ∙ 1,920 Sqft ∙ Built 1924 3 beds 1 baths ∙ 1,920 Sqft ∙ Built 1924
    • Rent
    • Rent Per SQFT
    •  
    • $1,084
    • $0.56
    •  
PROPERTY LISTING DETAILS
Philip Ostriem
1.509.969.6616
John L Scott Yakima
BESbswy