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1109 Apache Dr Grandview, WA 98930

3 Beds 1 Baths 1,056 sqft Built 1982

$228,900

List Price

$1,008

$907.2 - $1.1K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1982
  • Price/Sqft : $216.76
  • 2 Days on Market
  • MLS # : 20-2480
  • Updated Date : 11/02/2020 at 16:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,056 sqft
  • Baths : 1 full
Listing Agent

Lakemont Real Estate, Llc

Listing Agent's Description

Just Listed, Check out this updated home featuring 3 bed 1 bath, open concept, New appliances, Quartz counter tops, New Paint & Flooring through out the home attached 1 car garage and oversized fenced rear yard. Check out this home today. Please call Listing agent for showing instructions and please follow all WA Covid-19 regulations with your buyers. Please remove your shoes before entering the home.

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PRICE & RENT TRENDS

Zip Code: 98930

ZipNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170kPrice in $69k171k

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

Zip Code: 98930

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
Grandview High School High Regular 836 35 1

Grandview High School

  • Education Level: High
  • # of students: 836
  • # of teachers: 35
1
GreatSchools Rating
 

$206,010$251,790$228,900

PURCHASE PRICE

$907$1,109$1,008

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,008
EXPENSES Loan Payment -$845
Property Tax -$197
Property Insurance -$48
Property Management Fees -$109
CASH FLOW
-$191

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.

$228,900

PROJECTED PRICE

$1,008

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 10.3%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,409

INVESTMENT

$66,409

Down Payment
$57,225
Rehab Estimate
$5,750
Closing Costs
$3,434

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$845

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $57,225
Loan Amount $171,675
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$2,151

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,008

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$1,008
1$1,008
$1,008
RENT COMPS ANALYSIS
  • 1109 Apache Dr Grandview, WA
    • 3 beds 1 baths ∙ 1,056 Sqft ∙ Built 1982 3 beds 1 baths ∙ 1,056 Sqft ∙ Built 1982
    • Rent
    • Rent Per SQFT
    •  
    • $1,008
    • $0.95
    •  
PROPERTY LISTING DETAILS
Lynda A. Hopkins
1.509.930.9060
Lakemont Real Estate, Llc
BESbswy