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PROPERTY INFO
FACTS
- Single Family
- Built In 1955
- Price/Sqft : $199.23
- 4 Days on Market
- MLS # : 20-2786
- Updated Date : 12/19/2020 at 09:54
CONSTRUCTION
- Beds : 3
- Floor Size : 1,300 sqft
- Baths : 1 full , 1 half
Listing Agent
John L Scott Yakima
Listing Agent's Description
Single-level West Valley home, this beautiful 1,300 square foot rambler is move-in-ready and features hardwood floors throughout most of the home. Inside, you will find a well-taken care of home with a cozy fireplace in the living room (with a pellet stove insert) to go along several built-ins including a desk nook and entertainment center. This home has wood wrapped vinyl windows, 3 bedrooms with 1.5 bathrooms, two separate living spaces, and a pantry area just off of the kitchen. Additional features a forced air gas furnace installed in 2013, natural gas range and hot water heater, leased security system, spacious fully fenced backyard, eastern facing patio with a pergola, gardening area, and a single bay attached garage with RV parking on the side of the home!
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PRICE & RENT TRENDS
Zip Code: 98908
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 98908
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,304 |
| EXPENSES | Loan Payment | -$956 |
| Property Tax | -$199 | |
| Property Insurance | -$53 | |
| Property Management Fees | -$109 | |
|
CASH FLOW
-$12
|
||
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.
$259,000
PROJECTED PRICE
$1,304
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$74,385
LOAN DETAILS
$956
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $64,750 |
| Loan Amount | $194,250 |
4.67
YEARS SAVED
$14,758
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,304
LIST RENT -
$1
LIST RENT PER SQFT
-
COMP ESTIMATED VALUE -
COMP AVG. RENT PER SQFT
Comps Range
-
109 N 55th Ave Yakima, WA
- 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1955
- Rent
- Rent Per SQFT
- $1,304
- $1.00
PROPERTY LISTING DETAILS
1.509.833.9467
John L Scott Yakima
