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1117 W Washington Ave Yakima, WA 98903

4 Beds 2 Baths 3,490 sqft Built 1945

$225,000

List Price

$1,399

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1945
  • Price/Sqft : $64.47
  • 1 Days on Market
  • MLS # : 21-1711
  • Updated Date : 07/13/2021 at 01:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,490 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker

Listing Agent's Description

Outstanding investment opportunity. Big house, needs work, bring your tool belt. Upstairs apartment is pretty decent. Buyer to verify all info to their satisfaction. Property sold ''as is''. Trash out in work..

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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
Ridgeview Elementary School Primary Regular 647 41 1
Lewis And Clark Middle School Middle Regular 839 44 1
A.c. Davis High School High Regular 2,099 97 2

Ridgeview Elementary School

  • Education Level: Primary
  • # of students: 647
  • # of teachers: 41
1
GreatSchools Rating

Lewis And Clark Middle School

  • Education Level: Middle
  • # of students: 839
  • # of teachers: 44
1
GreatSchools Rating

A.c. Davis High School

  • Education Level: High
  • # of students: 2,099
  • # of teachers: 97
2
GreatSchools Rating
 

$202,500$247,500$225,000

PURCHASE PRICE

$1,259$1,539$1,399

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,399
EXPENSES Loan Payment -$782
Property Tax -$238
Property Insurance -$96
Property Management Fees -$109
CASH FLOW
$174

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.

$225,000

PROJECTED PRICE

$1,399

PROJECTED RENT

0.62%

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$700k

PROJECTED ANNUAL CASH FLOW

11530$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$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$782

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

8.33

YEARS SAVED

$24,734

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,399

    LIST RENT
  • $0.4

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$1,399
1$1,399
$1,399
RENT COMPS ANALYSIS
  • 1117 W Washington Ave Yakima, WA
    • 4 beds 2 baths ∙ 3,490 Sqft ∙ Built 1945 4 beds 2 baths ∙ 3,490 Sqft ∙ Built 1945
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $0.40
    •  
PROPERTY LISTING DETAILS
Joe Holman
1.509.952.5836
Coldwell Banker
1.866.250.5610
Yakima Associal of Realtors ( YAR)
MLS #: 21-1711
Last Updated: 07/13/2021
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