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1704 S 72nd Ave Yakima, WA 98908

3 Beds 2 Baths 2,373 sqft Built 1971

$338,500

List Price

$1,522

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $142.65
  • 4 Days on Market
  • MLS # : 21-499
  • Updated Date : 03/13/2021 at 00:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,373 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathaway Homeservices Central Washington Real Estate

Listing Agent's Description

Fantastic single level West Valley home! You will love the ease and potential of this homes floor plan and bonus features!! With more than 2300 square feet, 3+ bedrooms including a large master en-suite with walk in closets. The home has been given a fresh coat of paint, nicely updated bathrooms and new vinyl plank flooring. Sitting off the master is a large home office/flex space that can be converted to a 4th bedroom if desired. The main living areas include a large private living room great for media room/game room or just a quiet place to retreat. The open kitchen space with large dining area and bar is perfect for large gatherings and entertaining and is waiting for your personal touch. Enter from the garage to the oversized mudroom with ample storage/hobby space.

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PRICE & RENT TRENDS

Zip Code: 98908

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $78k241k

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

Zip Code: 98908

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
Cottonwood Elementary School Primary Regular 425 28 8
West Valley Junior High School Middle Regular 843 38 NA
West Valley High School High Regular 1,040 44 6

Cottonwood Elementary School

  • Education Level: Primary
  • # of students: 425
  • # of teachers: 28
8
GreatSchools Rating

West Valley Junior High School

  • Education Level: Middle
  • # of students: 843
  • # of teachers: 38
NA
GreatSchools Rating

West Valley High School

  • Education Level: High
  • # of students: 1,040
  • # of teachers: 44
6
GreatSchools Rating
 

$304,650$372,350$338,500

PURCHASE PRICE

$1,370$1,674$1,522

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,522
EXPENSES Loan Payment -$1,176
Property Tax -$260
Property Insurance -$74
Property Management Fees -$109
CASH FLOW
-$97

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.

$338,500

PROJECTED PRICE

$1,522

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 6.2%
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

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$95,453

INVESTMENT

$95,453

Down Payment
$84,625
Rehab Estimate
$5,750
Closing Costs
$5,078

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,176

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $84,625
Loan Amount $253,875
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$9,089

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,522

    LIST RENT
  • $0.64

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$1,522
1$1,522
$1,522
RENT COMPS ANALYSIS
  • 1704 S 72nd Ave Yakima, WA
    • 3 beds 2 baths ∙ 2,373 Sqft ∙ Built 1971 3 beds 2 baths ∙ 2,373 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $1,522
    • $0.64
    •  
PROPERTY LISTING DETAILS
Katie Newquist
1.509.969.9325
Berkshire Hathaway Homeservices Central Washington Real Estate
1.866.250.5610
Yakima Associal of Realtors ( YAR)
MLS #: 21-499
Last Updated: 03/13/2021
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