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1307 S 7th St Sunnyside, WA 98944

4 Beds 2 Baths 1,985 sqft Built 1960

$299,000

List Price

$1,443

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 1960
  • Price/Sqft : $150.63
  • 6 Days on Market
  • MLS # : 20-2485
  • Updated Date : 11/04/2020 at 18:42
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,985 sqft
  • Baths : 2 full
Listing Agent

Century 21 Tri-cities

Listing Agent's Description

Welcome home to Sunnyside! This spacious single level home offers plenty of room for everyone and includes a detached shop! You will find 4 bedrooms, 2 bathrooms, living area with hardwood floors and gas fireplace, family room, kitchen with plenty of cabinet space, and dining area. This home sits on a .20 acre lot with mature landscaping, dog run, covered patio area, fenced yard, storage shed and detached shop for all your projects and storage needs. This home is move-in ready, so call your favorite realtor today before it's gone!

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PRICE & RENT TRENDS

Zip Code: 98944

ZipNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170kPrice in $66k171k

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

Zip Code: 98944

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
Washington Elementary School Primary Regular 680 46 3
Harrison Middle School Middle Regular 780 40 3

Washington Elementary School

  • Education Level: Primary
  • # of students: 680
  • # of teachers: 46
3
GreatSchools Rating

Harrison Middle School

  • Education Level: Middle
  • # of students: 780
  • # of teachers: 40
3
GreatSchools Rating
 

$269,100$328,900$299,000

PURCHASE PRICE

$1,299$1,587$1,443

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,443
EXPENSES Loan Payment -$1,103
Property Tax -$206
Property Insurance -$67
Property Management Fees -$109
CASH FLOW
-$41

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.

$299,000

PROJECTED PRICE

$1,443

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 7.5%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$84,985

INVESTMENT

$84,985

Down Payment
$74,750
Rehab Estimate
$5,750
Closing Costs
$4,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,103

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,750
Loan Amount $224,250
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$14,546

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,443

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$1,443
1$1,443
$1,443
RENT COMPS ANALYSIS
  • 1307 S 7th St Sunnyside, WA
    • 4 beds 2 baths ∙ 1,985 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,985 Sqft ∙ Built 1960
    • Rent
    • Rent Per SQFT
    •  
    • $1,443
    • $0.73
    •  
PROPERTY LISTING DETAILS
Geoff Bowlsby
1.509.840.2814
Century 21 Tri-cities
BESbswy