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1212 Roosevelt Ave Yakima, WA 98902

2 Beds 2 Baths 1,800 sqft Built 1920

$155,000

List Price

$1,016

$914.4 - $1.1K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1920
  • Price/Sqft : $86.11
  • 3 Days on Market
  • MLS # : 21-55
  • Updated Date : 01/08/2021 at 21:35
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,800 sqft
  • Baths : 1 full , 1 half
Listing Agent

Yakima Valley Real Estate

Listing Agent's Description

Nice, Tidy house with large rooms county has it as 2 bed 2 bath but there are 2 rooms in basement could be used as bedrooms non-conforming (buyer to verify). All new vinyl windows added recently newer roof, flooring interior painting and central heat furnace works really good. This is a great investment at this price and or great for first time home buyer.

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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
Roosevelt Elementary School Primary Regular 545 35 2
Franklin Middle School Middle Regular 869 42 5
A.c. Davis High School High Regular 2,099 97 2

Roosevelt Elementary School

  • Education Level: Primary
  • # of students: 545
  • # of teachers: 35
2
GreatSchools Rating

Franklin Middle School

  • Education Level: Middle
  • # of students: 869
  • # of teachers: 42
5
GreatSchools Rating

A.c. Davis High School

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

$139,500$170,500$155,000

PURCHASE PRICE

$914$1,118$1,016

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,016
EXPENSES Loan Payment -$538
Property Tax -$121
Property Insurance -$63
Property Management Fees -$109
CASH FLOW
$185

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.

$155,000

PROJECTED PRICE

$1,016

PROJECTED RENT

0.66%

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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$46,825

INVESTMENT

$46,825

Down Payment
$38,750
Rehab Estimate
$5,750
Closing Costs
$2,325

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$538

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $38,750
Loan Amount $116,250
See What Happens When You Reinvest Cash Flow

10.67

YEARS SAVED

$25,076

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,016

    LIST RENT
  • $0.56

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$1,016
1$1,016
$1,016
RENT COMPS ANALYSIS
  • 1212 Roosevelt Ave Yakima, WA
    • 2 beds 2 baths ∙ 1,800 Sqft ∙ Built 1920 2 beds 2 baths ∙ 1,800 Sqft ∙ Built 1920
    • Rent
    • Rent Per SQFT
    •  
    • $1,016
    • $0.56
    •  
PROPERTY LISTING DETAILS
Ricardo Gonzalez
1.509.307.6062
Yakima Valley Real Estate
BESbswy