Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1814 Ross Ln Union Gap, WA 98903

1 Beds 1 Baths 456 sqft Built 1930

$149,990

List Price

$696

$626.4 - $765.6

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1930
  • Price/Sqft : $328.93
  • 2 Days on Market
  • MLS # : 20-2726
  • Updated Date : 12/04/2020 at 20:10
CONSTRUCTION
  • Beds : 1
  • Floor Size : 456 sqft
  • Baths : 1 full
Listing Agent

Professional Realty Services Yakima,inc

Listing Agent's Description

Great Investment opportunity, this property is in great condition, have your favorite Agent arrange a viewing.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 98903

ZipNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170kPrice in $60k174k

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

Zip Code: 98903

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
M.l. King Jr. Elementary School Primary Regular 606 39 2
Lewis And Clark Middle School Middle Regular 839 44 1
A.c. Davis High School High Regular 2,099 97 2

M.l. King Jr. Elementary School

  • Education Level: Primary
  • # of students: 606
  • # of teachers: 39
2
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
 

$134,991$164,989$149,990

PURCHASE PRICE

$626$766$696

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $696
EXPENSES Loan Payment -$553
Property Tax -$104
Property Insurance -$36
Property Management Fees -$109
CASH FLOW
-$107

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.

$149,990

PROJECTED PRICE

$696

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 4.8%
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$50k$100k$150k$200k$250k$300k$350k$400k

PROJECTED ANNUAL CASH FLOW

11530-$3.0k-$2.0k-$1.0k$0.0$1.0k$2.0k$3.0k$4.0k$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$50k$100k$150k$200k$250k$300k$350k$400k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$45,497

INVESTMENT

$45,497

Down Payment
$37,498
Rehab Estimate
$5,750
Closing Costs
$2,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$553

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $37,498
Loan Amount $112,493
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$2,738

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $696

    LIST RENT
  • $1.53

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$696
1$696
$696
RENT COMPS ANALYSIS
  • 1814 Ross Ln Union Gap, WA
    • 1 beds 1 baths ∙ 456 Sqft ∙ Built 1930 1 beds 1 baths ∙ 456 Sqft ∙ Built 1930
    • Rent
    • Rent Per SQFT
    •  
    • $696
    • $1.53
    •  
PROPERTY LISTING DETAILS
Alejandro(alex) Haro
1.509.949.3653
Professional Realty Services Yakima,inc
BESbswy