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2013 Willow St Yakima, WA 98902

2 Beds 1 Baths 896 sqft Built 1920

$145,000

List Price

$886

$797.4 - $974.6

Rent Est.

PROPERTY INFO

November 09, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1920
  • Price/Sqft : $161.83
  • 7 Days on Market
  • MLS # : 20-2539
  • Updated Date : 11/09/2020 at 16:26
CONSTRUCTION
  • Beds : 2
  • Floor Size : 896 sqft
  • Baths : 1 full
Listing Agent

Keller Williams Yakima Valley

Listing Agent's Description

Perfect first time home buyer opportunity or rental income investment property. Quiet neighborhood. 2 Bedroom, 1 bath home. It has a new hot water heater and designated laundry room. This is zoned general commercial.

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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
Robertson Elementary School Primary Regular 523 33 3
Wilson Middle School Middle Regular 825 46 3
A.c. Davis High School High Regular 2,099 97 2

Robertson Elementary School

  • Education Level: Primary
  • # of students: 523
  • # of teachers: 33
3
GreatSchools Rating

Wilson Middle School

  • Education Level: Middle
  • # of students: 825
  • # of teachers: 46
3
GreatSchools Rating

A.c. Davis High School

  • Education Level: High
  • # of students: 2,099
  • # of teachers: 97
2
GreatSchools Rating
 

$130,500$159,500$145,000

PURCHASE PRICE

$797$975$886

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $886
EXPENSES Loan Payment -$535
Property Tax -$113
Property Insurance -$45
Property Management Fees -$109
CASH FLOW
$84

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.

$145,000

PROJECTED PRICE

$886

PROJECTED RENT

0.61%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$50k$100k$150k$200k$250k$300k$350k$400k$450k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$44,175

INVESTMENT

$44,175

Down Payment
$36,250
Rehab Estimate
$5,750
Closing Costs
$2,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$535

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $36,250
Loan Amount $108,750
See What Happens When You Reinvest Cash Flow

7.83

YEARS SAVED

$16,998

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $886

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$886
1$886
$886
RENT COMPS ANALYSIS
  • 2013 Willow St Yakima, WA
    • 2 beds 1 baths ∙ 896 Sqft ∙ Built 1920 2 beds 1 baths ∙ 896 Sqft ∙ Built 1920
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $886
    • $0.99
    •  
PROPERTY LISTING DETAILS
Liberty Mclean
1.509.952.8341
Keller Williams Yakima Valley
BESbswy