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1309 Tieton Dr Yakima, WA 98902

2 Beds 1 Baths 1,268 sqft Built 1915

$165,000

List Price

$874

$786.6 - $961.4

Rent Est.

PROPERTY INFO

January 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1915
  • Price/Sqft : $130.13
  • 7 Days on Market
  • MLS # : 21-164
  • Updated Date : 01/26/2021 at 19:32
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,268 sqft
  • Baths : 1 full
Listing Agent

Berkshire Hathaway Homeservices Central Washington Real Estate

Listing Agent's Description

Charming bungalow offered for your consideration. Presented at $165,000 this home features 2 bedrooms, 1 bath, living room with fireplace, dining room, and kitchen on main level with updates throughout. Downstairs in the partially finished basement you'll find plenty of room for storage and the opportunity for a game room, office, wine cellar or potential non-conforming 3rd bedroom. Seller installed new H20 tank (2016), retro fitted the gas furnace (2018), installed new dishwasher (2019) and new counter tops (2020). Enjoy a low maintenance yard that has irrigation, mature landscaping and other fencing to create privacy on your corner lot, an area to BBQ and another to visit or entertain around a small (contained) fire pit.

SEE MORE

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
Mckinley Elementary School Primary Regular 447 29 1
Franklin Middle School Middle Regular 869 42 5
A.c. Davis High School High Regular 2,099 97 2

Mckinley Elementary School

  • Education Level: Primary
  • # of students: 447
  • # of teachers: 29
1
GreatSchools Rating

Franklin Middle School

  • Education Level: Middle
  • # of students: 869
  • # of teachers: 42
5
GreatSchools Rating

A.c. Davis High School

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

$148,500$181,500$165,000

PURCHASE PRICE

$787$961$874

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $874
EXPENSES Loan Payment -$573
Property Tax -$128
Property Insurance -$52
Property Management Fees -$109
CASH FLOW
$11

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.

$165,000

PROJECTED PRICE

$874

PROJECTED RENT

0.53%

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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$49,475

INVESTMENT

$49,475

Down Payment
$41,250
Rehab Estimate
$5,750
Closing Costs
$2,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$573

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $41,250
Loan Amount $123,750
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$9,108

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $874

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$874
1$874
$874
RENT COMPS ANALYSIS
  • 1309 Tieton Dr Yakima, WA
    • 2 beds 1 baths ∙ 1,268 Sqft ∙ Built 1915 2 beds 1 baths ∙ 1,268 Sqft ∙ Built 1915
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $874
    • $0.69
    •  
PROPERTY LISTING DETAILS
Jonathan Ehlers
1.509.834.1647
Berkshire Hathaway Homeservices Central Washington Real Estate
BESbswy