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1531 Mckinley Ave Yakima, WA 98902

4 Beds 2 Baths 1,435 sqft Built 1930

$210,000

List Price

$1,180

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1930
  • Price/Sqft : $146.34
  • 3 Days on Market
  • MLS # : 21-604
  • Updated Date : 03/26/2021 at 23:47
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,435 sqft
  • Baths : 1 full , 1 half
Listing Agent

Windermere Real Estate

Listing Agent's Description

Great for investment or rental property. Renovated in 2000. Plenty parking with gated alley access and possible RV parking. Total square footage includes 1 bed, 1 bath ''mother in low quarters'' with private access thru alley, making ideal for any buyer. Easy access to HWY 12.

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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
 

$189,000$231,000$210,000

PURCHASE PRICE

$1,062$1,298$1,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,180
EXPENSES Loan Payment -$729
Property Tax -$163
Property Insurance -$56
Property Management Fees -$109
CASH FLOW
$122

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.

$210,000

PROJECTED PRICE

$1,180

PROJECTED RENT

0.56%

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$61,400

INVESTMENT

$61,400

Down Payment
$52,500
Rehab Estimate
$5,750
Closing Costs
$3,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$729

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $52,500
Loan Amount $157,500
See What Happens When You Reinvest Cash Flow

7.67

YEARS SAVED

$20,912

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,180

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$1,180
1$1,180
$1,180
RENT COMPS ANALYSIS
  • 1531 Mckinley Ave Yakima, WA
    • 4 beds 2 baths ∙ 1,435 Sqft ∙ Built 1930 4 beds 2 baths ∙ 1,435 Sqft ∙ Built 1930
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,180
    • $0.82
    •  
PROPERTY LISTING DETAILS
Christina Martinez
1.509.833.1373
Windermere Real Estate
1.866.250.5610
Yakima Associal of Realtors ( YAR)
MLS #: 21-604
Last Updated: 03/26/2021
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