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206 S 64th Ave Yakima, WA 98908

3 Beds 2 Baths 1,466 sqft Built 1962

$239,000

List Price

$1,263

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1962
  • Price/Sqft : $163.03
  • 2 Days on Market
  • MLS # : 20-2471
  • Updated Date : 11/02/2020 at 12:25
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,466 sqft
  • Baths : 1 full , 1 half
Listing Agent

Windermere Real Estate

Listing Agent's Description

Location location! Large living room with a fireplace. Hardwood floors in the living room, hall and bedrooms have just been refinished. Interior has been freshly painted. New water heater. Kitchen has oak cabinets. Large main bath needs a little TLC. There's a laundry room and half bath off the step down family room. Off the family room is a converted garage with pull down steps for storage that was used for a work shop. Large covered patio in the back. Lots of parking.

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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
Summitview Elementary School Primary Regular 317 20 6
West Valley Middle School Middle Regular 813 38 6
West Valley High School High Regular 1,040 44 6

Summitview Elementary School

  • Education Level: Primary
  • # of students: 317
  • # of teachers: 20
6
GreatSchools Rating

West Valley Middle School

  • Education Level: Middle
  • # of students: 813
  • # of teachers: 38
6
GreatSchools Rating

West Valley High School

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

$215,100$262,900$239,000

PURCHASE PRICE

$1,137$1,389$1,263

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,263
EXPENSES Loan Payment -$882
Property Tax -$184
Property Insurance -$56
Property Management Fees -$109
CASH FLOW
$32

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.

$239,000

PROJECTED PRICE

$1,263

PROJECTED RENT

0.53%

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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,085

INVESTMENT

$69,085

Down Payment
$59,750
Rehab Estimate
$5,750
Closing Costs
$3,585

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$882

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $59,750
Loan Amount $179,250
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$17,486

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,263

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$1,263
1$1,263
$1,263
RENT COMPS ANALYSIS
  • 206 S 64th Ave Yakima, WA
    • 3 beds 2 baths ∙ 1,466 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,466 Sqft ∙ Built 1962
    • Rent
    • Rent Per SQFT
    •  
    • $1,263
    • $0.86
    •  
PROPERTY LISTING DETAILS
Melissa Shea
1.509.945.4007
Windermere Real Estate
BESbswy