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309 N 11th St Selah, WA 98942

3 Beds 2 Baths 1,176 sqft Built 1995

$269,500

List Price

$1,233

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

January 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $229.17
  • 6 Days on Market
  • MLS # : 21-127
  • Updated Date : 01/22/2021 at 19:47
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,176 sqft
  • Baths : 2 full
Listing Agent

Jody Hurst & Associates Realty

Listing Agent's Description

Centrally located Selah home near schools and shopping. Well cared for with 3 beds, 2 baths, and 2 car attached garage. Inside features a very functional floor plan with living room and kitchen open to the dining area. Outside you will enjoy the huge fenced backyard with patio and deck area, already wired for your hot tub. The underground sprinkler system in both front and back makes for low maintenance lawn care, so free time can be spent enjoying your new home. Water softener stays with the house. Call today to schedule your private showing!

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PRICE & RENT TRENDS

Zip Code: 98942

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $78k225k

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

Zip Code: 98942

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
John Campbell Elementary School Primary Regular 645 44 NA
Selah Intermediate School Middle Regular 794 44 NA
Selah High School High Regular 1,029 44 7

John Campbell Elementary School

  • Education Level: Primary
  • # of students: 645
  • # of teachers: 44
NA
GreatSchools Rating

Selah Intermediate School

  • Education Level: Middle
  • # of students: 794
  • # of teachers: 44
NA
GreatSchools Rating

Selah High School

  • Education Level: High
  • # of students: 1,029
  • # of teachers: 44
7
GreatSchools Rating
 

$242,550$296,450$269,500

PURCHASE PRICE

$1,110$1,356$1,233

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,233
EXPENSES Loan Payment -$936
Property Tax -$212
Property Insurance -$51
Property Management Fees -$109
CASH FLOW
-$75

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.

$269,500

PROJECTED PRICE

$1,233

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 5.7%
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-$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,168

INVESTMENT

$77,168

Down Payment
$67,375
Rehab Estimate
$5,750
Closing Costs
$4,043

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$936

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,375
Loan Amount $202,125
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$8,280

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,233

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$1,233
1$1,233
$1,233
RENT COMPS ANALYSIS
  • 309 N 11th St Selah, WA
    • 3 beds 2 baths ∙ 1,176 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,176 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,233
    • $1.05
    •  
PROPERTY LISTING DETAILS
Bobby L. James
1.509.961.2996
Jody Hurst & Associates Realty
BESbswy