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1211 S 34th Ave Yakima, WA 98902

2 Beds 1 Baths 953 sqft Built 1973

$224,000

List Price

$975

$877.5 - $1.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $235.05
  • 3 Days on Market
  • MLS # : 21-568
  • Updated Date : 03/19/2021 at 21:35
CONSTRUCTION
  • Beds : 2
  • Floor Size : 953 sqft
  • Baths : 1 full
Listing Agent

John L Scott Yakima

Listing Agent's Description

Welcome home to this adorable rambler located conveniently in Yakima near amenities and schools! This 1 story home features 2 beds and 1 full bath. Enjoy the updated kitchen, separate laundry area and large fenced back yard. This is a great home for entertaining! Open up the double doors to the large covered back patio space! Step outside to see the adorable play structure, storage shed and garden bed tucked behind it for the green thumbs.Open House Saturday March 20th from 11 am- 2 pm

SEE MORE

PRICE & RENT TRENDS

Zip Code: 98902

ZipNIR Market*CityMarket2010Year2000201980k90k100k110k120k130k140k150k160k170k180kPrice in $74k189k

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

Zip Code: 98902

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
Nob Hill Elementary School Primary Regular 510 28 4
Wilson Middle School Middle Regular 825 46 3
A.c. Davis High School High Regular 2,099 97 2

Nob Hill Elementary School

  • Education Level: Primary
  • # of students: 510
  • # of teachers: 28
4
GreatSchools Rating

Wilson Middle School

  • Education Level: Middle
  • # of students: 825
  • # of teachers: 46
3
GreatSchools Rating

A.c. Davis High School

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

$201,600$246,400$224,000

PURCHASE PRICE

$878$1,073$975

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $975
EXPENSES Loan Payment -$778
Property Tax -$174
Property Insurance -$46
Property Management Fees -$109
CASH FLOW
-$133

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.

$224,000

PROJECTED PRICE

$975

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 6.6%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,110

INVESTMENT

$65,110

Down Payment
$56,000
Rehab Estimate
$5,750
Closing Costs
$3,360

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$778

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $56,000
Loan Amount $168,000
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$3,510

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $975

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$975
1$975
$975
RENT COMPS ANALYSIS
  • 1211 S 34th Ave Yakima, WA
    • 2 beds 1 baths ∙ 953 Sqft ∙ Built 1973 2 beds 1 baths ∙ 953 Sqft ∙ Built 1973
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $975
    • $1.02
    •  
PROPERTY LISTING DETAILS
Erin Kline-aleman
1.509.426.5567
John L Scott Yakima
1.866.250.5610
Yakima Associal of Realtors ( YAR)
MLS #: 21-568
Last Updated: 03/19/2021
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