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2402 S 62nd Ave Yakima, WA 98903

4 Beds 3 Baths 2,192 sqft Built 2018

$415,000

List Price

$2,037

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $189.32
  • 5 Days on Market
  • MLS # : 21-42
  • Updated Date : 01/06/2021 at 19:38
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,192 sqft
  • Baths : 2 full , 1 half
Listing Agent

John L Scott Yakima

Listing Agent's Description

Beautiful newer construction, move in ready home on spacious corner lot! This completely upgraded home has everything featuring a beautiful kitchen with quartz counter tops, stainless steel appliances and large pantry area. The main level offers bonus room, ideal for home office or could be converted into 5th bedroom. Large backyard with covered porch and small putting green area for entertainment. All bedrooms on second level are spacious. You will love this home!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 98903

ZipNIR Market*CityMarket2010Year2000201980k90k100k110k120k130k140k150k160k170k180kPrice in $70k189k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 98903

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
 

$373,500$456,500$415,000

PURCHASE PRICE

$1,833$2,241$2,037

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,037
EXPENSES Loan Payment -$1,441
Property Tax -$319
Property Insurance -$71
Property Management Fees -$120
CASH FLOW
$86

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.

$415,000

PROJECTED PRICE

$2,037

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 4.8%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,441

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$25,083

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,037

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$2,037
1$2,037
$2,037
RENT COMPS ANALYSIS
  • 2402 S 62nd Ave Yakima, WA
    • 4 beds 3 baths ∙ 2,192 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,192 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,037
    • $0.93
    •  
PROPERTY LISTING DETAILS
Liz M Delgado
1.509.823.7039
John L Scott Yakima
BESbswy