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PROPERTY INFO
FACTS
- Single Family
- Built In 1945
- Price/Sqft : $145.86
- 1 Days on Market
- MLS # : 21-1715
- Updated Date : 07/13/2021 at 19:47
CONSTRUCTION
- Beds : 2
- Floor Size : 1,714 sqft
- Baths : 1 full
Listing Agent
Heritage Moultray Real Estate Serv
Listing Agent's Description
Charming 2 bed, 1 bath, bungalow with potential to add bedrooms in the basement. Convenient Terrace Heights location close to PNWU and TH Elementary. This includes a second parcel that is behind the first, making this a .50 acre lot. Many large shade trees make this property private and cool. So many possibilities.
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PRICE & RENT TRENDS
Zip Code: 98901
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 98901
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,039 |
| EXPENSES | Loan Payment | -$868 |
| Property Tax | -$237 | |
| Property Insurance | -$61 | |
| Property Management Fees | -$109 | |
|
CASH FLOW
-$236
|
||
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.
$250,000
PROJECTED PRICE
$1,039
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.50% |
| Appreciation Year (1-5) | 4.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.00% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$72,000
LOAN DETAILS
$868
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $62,500 |
| Loan Amount | $187,500 |
0.75
YEARS SAVED
$782
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,039
LIST RENT -
$0.61
LIST RENT PER SQFT
-
COMP ESTIMATED VALUE -
COMP AVG. RENT PER SQFT
Comps Range
-
123 S 41st St Yakima, WA
- 2 beds 1 baths ∙ 1,714 Sqft ∙ Built 1945 2 beds 1 baths ∙ 1,714 Sqft ∙ Built 1945
![property image]()
- Rent
- Rent Per SQFT
- $1,039
- $0.61
PROPERTY LISTING DETAILS
1.509.985.0400
Heritage Moultray Real Estate Serv
MLS #: 21-1715
Last Updated: 07/13/2021
