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109 N 55th Ave Yakima, WA 98908

3 Beds 2 Baths 1,300 sqft Built 1955

$259,000

List Price

$1,304

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

December 17, 2020 RECENTLY ADDED
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!

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
Summitview Elementary School Primary Regular 317 20 6
West Valley Middle School Middle Regular 813 38 6
West Valley High School High Regular 1,040 44 6

Summitview Elementary School

  • Education Level: Primary
  • # of students: 317
  • # of teachers: 20
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
 

$233,100$284,900$259,000

PURCHASE PRICE

$1,174$1,434$1,304

RENT

DOWN PAYMENT
FINANCING

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

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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

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

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$74,385

INVESTMENT

$74,385

Down Payment
$64,750
Rehab Estimate
$5,750
Closing Costs
$3,885

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$956

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $64,750
Loan Amount $194,250
See What Happens When You Reinvest Cash Flow

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
$1,304
1$1,304
$1,304
RENT COMPS ANALYSIS
  • 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
Cory Bemis
1.509.833.9467
John L Scott Yakima
BESbswy