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1415 Folsom Ave Yakima, WA 98902

4 Beds 2 Baths 2,160 sqft Built 1948

$279,900

List Price

$1,146

$1K - $1.3K

Rent Est.

PROPERTY INFO

January 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1948
  • Price/Sqft : $129.58
  • 7 Days on Market
  • MLS # : 21-115
  • Updated Date : 01/18/2021 at 18:10
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,160 sqft
  • Baths : 2 full
Listing Agent

Rainmaker Nw Realestate Llc

Listing Agent's Description

Great family home with potential income.This brick home offers a Lrg. Livingroom, 2 Large Bed Rooms Main BathT and Generous sized kitchen. Lower Level with Walk-out basement, offers a Full Kitchen, large Livingroom with a gas Fireplace, 2 bedrooms (one being an On-suite) This R3 lot which offers income potential, is offered at 279,900, and will fit your needs to a T

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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
Roosevelt Elementary School Primary Regular 545 35 2
Franklin Middle School Middle Regular 869 42 5
A.c. Davis High School High Regular 2,099 97 2

Roosevelt Elementary School

  • Education Level: Primary
  • # of students: 545
  • # of teachers: 35
2
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
 

$251,910$307,890$279,900

PURCHASE PRICE

$1,031$1,261$1,146

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,146
EXPENSES Loan Payment -$972
Property Tax -$218
Property Insurance -$70
Property Management Fees -$109
CASH FLOW
-$223

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.

$279,900

PROJECTED PRICE

$1,146

PROJECTED RENT

0.41%

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$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,924

INVESTMENT

$79,924

Down Payment
$69,975
Rehab Estimate
$5,750
Closing Costs
$4,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$972

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $69,975
Loan Amount $209,925
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$1,867

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,146

    LIST RENT
  • $0.53

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$1,146
1$1,146
$1,146
RENT COMPS ANALYSIS
  • 1415 Folsom Ave Yakima, WA
    • 4 beds 2 baths ∙ 2,160 Sqft ∙ Built 1948 4 beds 2 baths ∙ 2,160 Sqft ∙ Built 1948
    • Rent
    • Rent Per SQFT
    •  
    • $1,146
    • $0.53
    •  
PROPERTY LISTING DETAILS
Saundra E Burke
1.509.961.3443
Rainmaker Nw Realestate Llc
BESbswy