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123 S 41st St Yakima, WA 98901

2 Beds 1 Baths 1,714 sqft Built 1945

$250,000

List Price

$1,039

$935.1 - $1.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
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

ZipNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180kPrice in $66k189k

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

Zip Code: 98901

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
East Valley High School High Regular 852 45 6

East Valley High School

  • Education Level: High
  • # of students: 852
  • # of teachers: 45
6
GreatSchools Rating
 

$225,000$275,000$250,000

PURCHASE PRICE

$935$1,143$1,039

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
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

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$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

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
$1,039
1$1,039
$1,039
RENT COMPS ANALYSIS
  • 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
Marie Welch
1.509.985.0400
Heritage Moultray Real Estate Serv
1.866.250.5610
Yakima Associal of Realtors ( YAR)
MLS #: 21-1715
Last Updated: 07/13/2021
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