Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1406 Heritage Hills Ct Selah, WA 98942

4 Beds 2 Baths 2,224 sqft Built 2004

$464,000

List Price

$1,999

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
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!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 98942

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $78k225k

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

Zip Code: 98942

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
John Campbell Elementary School Primary Regular 645 44 NA
Selah High School High Regular 1,029 44 7

John Campbell Elementary School

  • Education Level: Primary
  • # of students: 645
  • # of teachers: 44
NA
GreatSchools Rating

Selah High School

  • Education Level: High
  • # of students: 1,029
  • # of teachers: 44
7
GreatSchools Rating
 

$417,600$510,400$464,000

PURCHASE PRICE

$1,799$2,199$1,999

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$128,710

INVESTMENT

$128,710

Down Payment
$116,000
Rehab Estimate
$5,750
Closing Costs
$6,960

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,612

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $116,000
Loan Amount $348,000
See What Happens When You Reinvest Cash Flow

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
$1,999
1$1,999
$1,999
RENT COMPS ANALYSIS
  • 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
Cory Bemis
1.509.833.9467
John L Scott Yakima
1.866.250.5610
Yakima Associal of Realtors ( YAR)
MLS #: 21-381
Last Updated: 02/26/2021
BESbswy