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2015 Willow St Yakima, WA 98902

3 Beds 1 Baths 1,010 sqft Built 1920

$190,000

List Price

$1,069

$962.1 - $1.2K

Rent Est.

PROPERTY INFO

November 09, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1920
  • Price/Sqft : $188.12
  • 7 Days on Market
  • MLS # : 20-2540
  • Updated Date : 11/10/2020 at 12:38
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,010 sqft
  • Baths : 1 full
Listing Agent

Keller Williams Yakima Valley

Listing Agent's Description

Well kept 3 bedroom home ready for new owners. Great first home or investment opportunity. New septic system (2000 gallon tank) and pump, new roof, new paint both exterior and interior. Current tenant on a month to month lease. All appliances stay. The storage shed is in good shape and has it's own electrical panel. 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
 

$171,000$209,000$190,000

PURCHASE PRICE

$962$1,176$1,069

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,069
EXPENSES Loan Payment -$701
Property Tax -$148
Property Insurance -$47
Property Management Fees -$109
CASH FLOW
$64

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.

$190,000

PROJECTED PRICE

$1,069

PROJECTED RENT

0.56%

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$600k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$56,100

INVESTMENT

$56,100

Down Payment
$47,500
Rehab Estimate
$5,750
Closing Costs
$2,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$701

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $47,500
Loan Amount $142,500
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$17,658

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,069

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$1,069
1$1,069
$1,069
RENT COMPS ANALYSIS
  • 2015 Willow St Yakima, WA
    • 3 beds 1 baths ∙ 1,010 Sqft ∙ Built 1920 3 beds 1 baths ∙ 1,010 Sqft ∙ Built 1920
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,069
    • $1.06
    •  
PROPERTY LISTING DETAILS
Liberty Mclean
1.509.952.8341
Keller Williams Yakima Valley
BESbswy