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225 S 66th Ave Yakima, WA 98908

4 Beds 2 Baths 1,537 sqft Built 1970

$310,000

List Price

$1,639

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $201.69
  • 4 Days on Market
  • MLS # : 20-2823
  • Updated Date : 12/23/2020 at 19:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,537 sqft
  • Baths : 2 full
Listing Agent

Compass Washington, Llc

Listing Agent's Description

Beautifully maintained West Valley Home near the Orchards Shopping Center. This 4BR 2BA home has both living and family rooms on a corner lot. Home has been updated with newer carpeting, paint and new windows were installed spring of 2020. The HVAC unit has also been updated recently.

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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
 

$279,000$341,000$310,000

PURCHASE PRICE

$1,475$1,803$1,639

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,639
EXPENSES Loan Payment -$1,144
Property Tax -$238
Property Insurance -$58
Property Management Fees -$109
CASH FLOW
$90

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.

$310,000

PROJECTED PRICE

$1,639

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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,900

INVESTMENT

$87,900

Down Payment
$77,500
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,144

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $77,500
Loan Amount $232,500
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$26,387

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,639

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$1,639
1$1,639
$1,639
RENT COMPS ANALYSIS
  • 225 S 66th Ave Yakima, WA
    • 4 beds 2 baths ∙ 1,537 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,537 Sqft ∙ Built 1970
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,639
    • $1.07
    •  
PROPERTY LISTING DETAILS
Javier Cardenas
1.509.952.4172
Compass Washington, Llc
BESbswy