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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $208.63
- 4 Days on Market
- MLS # : 21-381
- Updated Date : 02/26/2021 at 02:38
CONSTRUCTION
- Beds : 4
- Floor Size : 2,224 sqft
- Baths : 2 full
Listing Agent
John L Scott Yakima
Listing Agent's Description
Lovely single-level 2,224 square foot home with an oversized lot located in the beautiful Heritage Hills of Selah. This 2004 built home is in fantastic condition, on a cul-de-sac, and offers views to the east. Walk inside to observe vaulted ceilings, well-kept hardwood floors, and four bedrooms plus two bathrooms, including a master suite with both a shower and tub, large walk-in-closet, and double sinks. An outdoor patio area rests right off the spacious kitchen built for entertaining with a huge island with granite countertops, built-in wine and beverage coolers, a Jenn-Air grill, gas range, double ovens, and bar-style seating. Additional features include a three-bay garage, RV parking, forced heat, central A/C, built-in vacuum, sprinkler system, gas fireplace, water softener, and more!
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PRICE & RENT TRENDS
Zip Code: 98942
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 98942
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,999 |
| EXPENSES | Loan Payment | -$1,612 |
| Property Tax | -$385 | |
| Property Insurance | -$71 | |
| Property Management Fees | -$118 | |
|
CASH FLOW
-$187
|
||
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.
$464,000
PROJECTED PRICE
$1,999
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.50% |
| Appreciation Year (1-5) | 5.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.00% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$128,710
LOAN DETAILS
$1,612
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $116,000 |
| Loan Amount | $348,000 |
2.42
YEARS SAVED
$8,272
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,999
LIST RENT -
$0.9
LIST RENT PER SQFT
-
COMP ESTIMATED VALUE -
COMP AVG. RENT PER SQFT
Comps Range
-
1406 Heritage Hills Ct Selah, WA
- 4 beds 2 baths ∙ 2,224 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,224 Sqft ∙ Built 2004
- Rent
- Rent Per SQFT
- $1,999
- $0.90
PROPERTY LISTING DETAILS
1.509.833.9467
John L Scott Yakima
MLS #: 21-381
Last Updated: 02/26/2021
