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113 W Elizabeth St Wapato, WA 98951

2 Beds 1 Baths 673 sqft Built 1920

$170,000

List Price

$714

$642.6 - $785.4

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1920
  • Price/Sqft : $252.60
  • 3 Days on Market
  • MLS # : 20-2713
  • Updated Date : 12/04/2020 at 11:48
CONSTRUCTION
  • Beds : 2
  • Floor Size : 673 sqft
  • Baths : 1 full
Listing Agent

Jody Hurst & Associates Realty

Listing Agent's Description

2BR Fully fenced, hardwood floors, new windows. great starter home or investment

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PRICE & RENT TRENDS

Zip Code: 98951

ZipNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170kPrice in $62k171k

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

Zip Code: 98951

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
Adams Elementary School Primary Regular 318 24 1
Wapato Middle School Middle Regular 795 38 1
Wapato High School High Regular 796 42 3

Adams Elementary School

  • Education Level: Primary
  • # of students: 318
  • # of teachers: 24
1
GreatSchools Rating

Wapato Middle School

  • Education Level: Middle
  • # of students: 795
  • # of teachers: 38
1
GreatSchools Rating

Wapato High School

  • Education Level: High
  • # of students: 796
  • # of teachers: 42
3
GreatSchools Rating
 

$153,000$187,000$170,000

PURCHASE PRICE

$643$785$714

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $714
EXPENSES Loan Payment -$627
Property Tax -$126
Property Insurance -$41
Property Management Fees -$109
CASH FLOW
-$189

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.

$170,000

PROJECTED PRICE

$714

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 8.2%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$3.0k-$2.0k-$1.0k$0.0$1.0k$2.0k$3.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$50,800

INVESTMENT

$50,800

Down Payment
$42,500
Rehab Estimate
$5,750
Closing Costs
$2,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$627

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $42,500
Loan Amount $127,500
See What Happens When You Reinvest Cash Flow

0.83

YEARS SAVED

$648

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $714

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$714
1$714
$714
RENT COMPS ANALYSIS
  • 113 W Elizabeth St Wapato, WA
    • 2 beds 1 baths ∙ 673 Sqft ∙ Built 1920 2 beds 1 baths ∙ 673 Sqft ∙ Built 1920
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $714
    • $1.06
    •  
PROPERTY LISTING DETAILS
Nestor Hernandez
1.509.952.9756
Jody Hurst & Associates Realty
BESbswy