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3003 W Yakima Ave Yakima, WA 98902

4 Beds 3 Baths 2,640 sqft Built 1930

$425,000

List Price

$1,735

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1930
  • Price/Sqft : $160.98
  • 4 Days on Market
  • MLS # : 20-2624
  • Updated Date : 11/19/2020 at 19:42
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,640 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Yakima Valley

Listing Agent's Description

Meticulously maintained, historic brick Tudor on beautiful Yakima Avenue. This 4 bedroom, 3 bath impressive home includes security gated entry, gated driveway, manicured grounds and gardens with many eye-popping blooms including beautiful hydrangea garden and very private back yard. Brilliant hardwood floors and new carpet in entry, stairs and den. This home has much charm and character throughout with fresh new kitchen appliances and gas range. Large back patio off the kitchen is perfect for entertaining. Private attached garage around the back of the home has large secure entry door and new garage door. Call today for a private tour!

SEE MORE

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
 

$382,500$467,500$425,000

PURCHASE PRICE

$1,562$1,909$1,735

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,735
EXPENSES Loan Payment -$1,568
Property Tax -$331
Property Insurance -$80
Property Management Fees -$109
CASH FLOW
-$352

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.

$425,000

PROJECTED PRICE

$1,735

PROJECTED RENT

0.41%

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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,568

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$2,445

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,735

    LIST RENT
  • $0.66

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$1,735
1$1,735
$1,735
RENT COMPS ANALYSIS
  • 3003 W Yakima Ave Yakima, WA
    • 4 beds 3 baths ∙ 2,640 Sqft ∙ Built 1930 4 beds 3 baths ∙ 2,640 Sqft ∙ Built 1930
    • Rent
    • Rent Per SQFT
    •  
    • $1,735
    • $0.66
    •  
PROPERTY LISTING DETAILS
Liberty Mclean
1.509.952.8341
Keller Williams Yakima Valley
BESbswy