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108 N 77th Ave Yakima, WA 98908

3 Beds 2 Baths 1,414 sqft Built 1984

$320,000

List Price

$1,497

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1984
  • Price/Sqft : $226.31
  • 2 Days on Market
  • MLS # : 20-2531
  • Updated Date : 11/07/2020 at 15:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,414 sqft
  • Baths : 2 full
Listing Agent

Heritage Moultray Real Estate Serv

Listing Agent's Description

Quality built home in desirable Marion Estates in west valley. This spacious rambler has been well cared for and terrific updates made too. Improvements include newer roof, exterior paint and new rain gutters too. The new engineered wood flooring in the main living spaces and hallway freshens this home to be better than new. The soaring vaulted cedar lined ceiling is a great touch. Enjoy the spacious front living room with fireplace, and bookshelves. Large picture windows in this space bring the outdoor light in. Enjoy entertaining in the large dining room just off the kitchen. Each of the bedrooms are large with newer engineered flooring, the largest bedroom has a spacious walk in closet and nice en-suite bathroom, you will love the sliding doors to the back patio.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 98908

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $78k241k

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

Zip Code: 98908

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
Apple Valley Elementary School Primary Regular 338 22 9
West Valley Middle School Middle Regular 813 38 6
West Valley High School High Regular 1,040 44 6

Apple Valley Elementary School

  • Education Level: Primary
  • # of students: 338
  • # of teachers: 22
9
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
 

$288,000$352,000$320,000

PURCHASE PRICE

$1,347$1,647$1,497

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,497
EXPENSES Loan Payment -$1,181
Property Tax -$246
Property Insurance -$55
Property Management Fees -$109
CASH FLOW
-$94

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.

$320,000

PROJECTED PRICE

$1,497

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 6.2%
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$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $80,000
Loan Amount $240,000
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$11,238

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,497

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$1,497
1$1,497
$1,497
RENT COMPS ANALYSIS
  • 108 N 77th Ave Yakima, WA
    • 3 beds 2 baths ∙ 1,414 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,414 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $1,497
    • $1.06
    •  
PROPERTY LISTING DETAILS
Moriet Miketa
1.509.969.4969
Heritage Moultray Real Estate Serv
BESbswy