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305 S 50th Ave Yakima, WA 98908

2 Beds 2 Baths 1,136 sqft Built 1970

$235,000

List Price

$1,066

$959.4 - $1.2K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1970
  • Price/Sqft : $206.87
  • 2 Days on Market
  • MLS # : 20-2479
  • Updated Date : 11/02/2020 at 16:14
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,136 sqft
  • Baths : 1 full , 1 half
Listing Agent

Keller Williams Yakima Valley

Listing Agent's Description

Very comfortable 2 bedroom home off a quiet street very close to shopping and banking. Nook perfect for hobbies or extra storage. Open and cheery kitchen looking into a sweet private backyard setting perfect for someone who wants to do light gardening. Private access door to pool and clubhouse. This is not a condominium. This is now a zero lot line home.

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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
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
 

$211,500$258,500$235,000

PURCHASE PRICE

$959$1,173$1,066

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,066
EXPENSES Loan Payment -$867
Property Tax -$183
Property Insurance -$50
Property Management Fees -$109
CASH FLOW
-$143

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.

$235,000

PROJECTED PRICE

$1,066

PROJECTED RENT

0.45%

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

PROJECTED ANNUAL CASH FLOW

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

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$68,025

INVESTMENT

$68,025

Down Payment
$58,750
Rehab Estimate
$5,750
Closing Costs
$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$867

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $58,750
Loan Amount $176,250
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$4,693

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,066

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$1,066
1$1,066
$1,066
RENT COMPS ANALYSIS
  • 305 S 50th Ave Yakima, WA
    • 2 beds 2 baths ∙ 1,136 Sqft ∙ Built 1970 2 beds 2 baths ∙ 1,136 Sqft ∙ Built 1970
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,066
    • $0.94
    •  
PROPERTY LISTING DETAILS
Kate Soldano
1.509.949.0067
Keller Williams Yakima Valley
BESbswy