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1220 Dudley Ave Prosser, WA 99350

3 Beds 1 Baths 1,384 sqft Built 1910

$230,000

List Price

$1,338

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 30, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1910
  • Price/Sqft : $166.18
  • 7 Days on Market
  • MLS # : 20-2674
  • Updated Date : 11/30/2020 at 11:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,384 sqft
  • Baths : 1 full
Listing Agent

Chapman Lampson

Listing Agent's Description

Say good-bye to your landlord and come see this charming and affordable home, it comes with 3 bedrooms and 1 bath and is walking distance to downtown Prosser.

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PRICE & RENT TRENDS

Zip Code: 99350

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230kPrice in $101k238k

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

Zip Code: 99350

ZipNIR Market*CityMarket20162018Year2014 Q22019 Q21350140014501500155016001650Rent in $13081680

* 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
Prosser High School High Regular 898 41 6

Prosser High School

  • Education Level: High
  • # of students: 898
  • # of teachers: 41
6
GreatSchools Rating
 

$207,000$253,000$230,000

PURCHASE PRICE

$1,204$1,472$1,338

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,338
EXPENSES Loan Payment -$849
Property Tax -$189
Property Insurance -$55
Property Management Fees -$109
CASH FLOW
$136

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$230,000

PROJECTED PRICE

$1,338

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 6.1%
Maintenance Year (1-5) 8.00%
Vacancy 5.30%
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$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$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,700

INVESTMENT

$66,700

Down Payment
$57,500
Rehab Estimate
$5,750
Closing Costs
$3,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$849

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $57,500
Loan Amount $172,500
See What Happens When You Reinvest Cash Flow

8.17

YEARS SAVED

$28,528

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,338

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$1,338
1$1,338
$1,338
RENT COMPS ANALYSIS
  • 1220 Dudley Ave Prosser, WA
    • 3 beds 1 baths ∙ 1,384 Sqft ∙ Built 1910 3 beds 1 baths ∙ 1,384 Sqft ∙ Built 1910
    • Rent
    • Rent Per SQFT
    •  
    • $1,338
    • $0.97
    •  
PROPERTY LISTING DETAILS
Maria Ivone Osorio
1.509.840.4539
Chapman Lampson
BESbswy