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1602 S 4th Ave Yakima, WA 98902

5 Beds 2 Baths 2,638 sqft Built 1954

$298,500

List Price

$1,421

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1954
  • Price/Sqft : $113.15
  • 2 Days on Market
  • MLS # : 20-2590
  • Updated Date : 11/14/2020 at 10:08
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,638 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker

Listing Agent's Description

5 bedroom, 2 bath home with newer roof and paint. Tile and laminate flooring, large deck on upper floor, fully fenced yard, wood stove never been used. Call listing agent for appointments to show.

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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
Ridgeview Elementary School Primary Regular 647 41 1
Lewis And Clark Middle School Middle Regular 839 44 1
A.c. Davis High School High Regular 2,099 97 2

Ridgeview Elementary School

  • Education Level: Primary
  • # of students: 647
  • # of teachers: 41
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
 

$268,650$328,350$298,500

PURCHASE PRICE

$1,279$1,563$1,421

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,421
EXPENSES Loan Payment -$1,101
Property Tax -$232
Property Insurance -$80
Property Management Fees -$109
CASH FLOW
-$101

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.

$298,500

PROJECTED PRICE

$1,421

PROJECTED RENT

0.48%

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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$84,853

INVESTMENT

$84,853

Down Payment
$74,625
Rehab Estimate
$5,750
Closing Costs
$4,478

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,101

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,625
Loan Amount $223,875
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$9,569

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,421

    LIST RENT
  • $0.54

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$1,421
1$1,421
$1,421
RENT COMPS ANALYSIS
  • 1602 S 4th Ave Yakima, WA
    • 5 beds 2 baths ∙ 2,638 Sqft ∙ Built 1954 5 beds 2 baths ∙ 2,638 Sqft ∙ Built 1954
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,421
    • $0.54
    •  
PROPERTY LISTING DETAILS
Mariana Cuevas
1.509.930.5882
Coldwell Banker
BESbswy