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1703 W 1st Ave Selah, WA 98942

3 Beds 2 Baths 1,624 sqft Built 2017

$360,000

List Price

$1,611

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $221.67
  • 4 Days on Market
  • MLS # : 21-495
  • Updated Date : 03/11/2021 at 22:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,624 sqft
  • Baths : 2 full
Listing Agent

John L Scott Yakima

Listing Agent's Description

Built in 2017, this meticulously maintained 1,624 square foot single-level Selah home features an open-concept design and spectacular views. Professional landscaping welcomes you as you walk up to the front door, underneath the spacious covered porch, and step inside where you will observe natural light pouring into your large living room, office area, and beautiful kitchen. The home continues with three bedrooms, and two bathrooms, including a master suite with a walk-in closet and bathroom with double sinks. The backyard boasts a concrete patio with hot-tub hookup, and custom curbed gardening areas with watering systems already set up. Additional features include security system with high-definition cameras, mud room/laundry area, forced air heat and central A/C, fully finished garage...

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
 

$324,000$396,000$360,000

PURCHASE PRICE

$1,450$1,772$1,611

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,611
EXPENSES Loan Payment -$1,250
Property Tax -$283
Property Insurance -$59
Property Management Fees -$109
CASH FLOW
-$91

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.

$360,000

PROJECTED PRICE

$1,611

PROJECTED RENT

0.45%

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,150

INVESTMENT

$101,150

Down Payment
$90,000
Rehab Estimate
$5,750
Closing Costs
$5,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,250

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $90,000
Loan Amount $270,000
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$10,155

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,611

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$1,611
1$1,611
$1,611
RENT COMPS ANALYSIS
  • 1703 W 1st Ave Selah, WA
    • 3 beds 2 baths ∙ 1,624 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,624 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,611
    • $0.99
    •  
PROPERTY LISTING DETAILS
Cory Bemis
1.509.833.9467
John L Scott Yakima
1.866.250.5610
Yakima Associal of Realtors ( YAR)
MLS #: 21-495
Last Updated: 03/11/2021
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