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226 Chisholm Trail Yakima, WA 98908

3 Beds 2 Baths 1,488 sqft Built 1961

$249,000

List Price

$1,359

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1961
  • Price/Sqft : $167.34
  • 4 Days on Market
  • MLS # : 20-2847
  • Updated Date : 01/01/2021 at 00:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,488 sqft
  • Baths : 1 full , 1 half
Listing Agent

John L Scott Yakima

Listing Agent's Description

This 1,488 square foot single-level home is move-in-ready with original built-in features throughout. Inside you will find 3 bedrooms and 1.5 bathrooms, including a master bedroom with a half bathroom and double closets. The large porch in the backyard is perfect for entertaining and the home also has attached flower boxes below several windows. Additional features include brand new forced air heat and central A/C units, cozy fireplaces, a gardening area, and a two-bay attached garage with extra storage! A little TLC would go a long ways in restoring this solid home back to its original beauty.

SEE MORE

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
Whitney Elementary School Primary Regular 548 34 5
Wilson Middle School Middle Regular 825 46 3
A.c. Davis High School High Regular 2,099 97 2

Whitney Elementary School

  • Education Level: Primary
  • # of students: 548
  • # of teachers: 34
5
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
 

$224,100$273,900$249,000

PURCHASE PRICE

$1,223$1,495$1,359

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,359
EXPENSES Loan Payment -$919
Property Tax -$194
Property Insurance -$57
Property Management Fees -$109
CASH FLOW
$81

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.

$249,000

PROJECTED PRICE

$1,359

PROJECTED RENT

0.55%

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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$71,735

INVESTMENT

$71,735

Down Payment
$62,250
Rehab Estimate
$5,750
Closing Costs
$3,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$919

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,250
Loan Amount $186,750
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$22,662

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,359

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$1,359
1$1,359
$1,359
RENT COMPS ANALYSIS
  • 226 Chisholm Trail Yakima, WA
    • 3 beds 2 baths ∙ 1,488 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,488 Sqft ∙ Built 1961
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,359
    • $0.91
    •  
PROPERTY LISTING DETAILS
Cory Bemis
1.509.833.9467
John L Scott Yakima
BESbswy