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1317 S 13th Ave Yakima, WA 98902

2 Beds 1 Baths 960 sqft Built 1924

$185,000

List Price

$917

$825.3 - $1K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1924
  • Price/Sqft : $192.71
  • 9 Days on Market
  • MLS # : 20-2416
  • Updated Date : 10/28/2020 at 23:55
CONSTRUCTION
  • Beds : 2
  • Floor Size : 960 sqft
  • Baths : 1 full
Listing Agent

Heritage Moultray Real Estate Serv

Listing Agent's Description

Wonderful, affordable single family home on a huge quarter acre R2 lot. New carpets and paint, roof is only 2 years old. Detached garage and attached carport. Home has 2 conforming bedrooms and one room that could be a non-conforming bedroom or office/den. Large LR with fireplace and insert, plenty of storage! Covered front porch and fenced yard. Great investment property, close to YVC

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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
 

$166,500$203,500$185,000

PURCHASE PRICE

$825$1,009$917

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $917
EXPENSES Loan Payment -$683
Property Tax -$144
Property Insurance -$46
Property Management Fees -$109
CASH FLOW
-$65

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.

$185,000

PROJECTED PRICE

$917

PROJECTED RENT

0.50%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$54,775

INVESTMENT

$54,775

Down Payment
$46,250
Rehab Estimate
$5,750
Closing Costs
$2,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$683

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $46,250
Loan Amount $138,750
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$6,616

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $917

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$917
1$917
$917
RENT COMPS ANALYSIS
  • 1317 S 13th Ave Yakima, WA
    • 2 beds 1 baths ∙ 960 Sqft ∙ Built 1924 2 beds 1 baths ∙ 960 Sqft ∙ Built 1924
    • Rent
    • Rent Per SQFT
    •  
    • $917
    • $0.96
    •  
PROPERTY LISTING DETAILS
Deby Gunter, Managing Broker
1.509.945.6900ext.113
Heritage Moultray Real Estate Serv
BESbswy