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1306 S 7th Ave Yakima, WA 98902

4 Beds 2 Baths 1,792 sqft Built 1948

$230,000

List Price

$1,061

$954.9 - $1.2K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1948
  • Price/Sqft : $128.35
  • 4 Days on Market
  • MLS # : 20-2568
  • Updated Date : 11/11/2020 at 18:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,792 sqft
  • Baths : 2 full
Listing Agent

Compass Washington, Llc

Listing Agent's Description

Well cared for home centrally located by Hoover Elementary and the Southgate Shopping Center. This home offers 4BR and 2BA with an additional family room downstairs. The 2 lower lever bedrooms are con-conforming.

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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
Hoover Elementary School Primary Regular 731 36 1
Lewis And Clark Middle School Middle Regular 839 44 1
A.c. Davis High School High Regular 2,099 97 2

Hoover Elementary School

  • Education Level: Primary
  • # of students: 731
  • # of teachers: 36
1
GreatSchools Rating

Lewis And Clark Middle School

  • Education Level: Middle
  • # of students: 839
  • # of teachers: 44
1
GreatSchools Rating

A.c. Davis High School

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

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

PURCHASE PRICE

$955$1,167$1,061

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,061
EXPENSES Loan Payment -$849
Property Tax -$179
Property Insurance -$63
Property Management Fees -$109
CASH FLOW
-$138

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.

$230,000

PROJECTED PRICE

$1,061

PROJECTED RENT

0.46%

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$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 55% 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

2.33

YEARS SAVED

$4,553

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,061

    LIST RENT
  • $0.59

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$1,061
1$1,061
$1,061
RENT COMPS ANALYSIS
  • 1306 S 7th Ave Yakima, WA
    • 4 beds 2 baths ∙ 1,792 Sqft ∙ Built 1948 4 beds 2 baths ∙ 1,792 Sqft ∙ Built 1948
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,061
    • $0.59
    •  
PROPERTY LISTING DETAILS
Javier Cardenas
1.509.952.4172
Compass Washington, Llc
BESbswy