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PROPERTY INFO
FACTS
- Single Family
- Built In 1995
- Price/Sqft : $164.56
- 3 Days on Market
- MLS # : 20-2636
- Updated Date : 11/20/2020 at 11:08
CONSTRUCTION
- Beds : 2
- Floor Size : 1,580 sqft
- Baths : 2 full
Listing Agent
Windermere Real Estate
Listing Agent's Description
Beautifully updated and maintained 55+ Englewood Square Condo. Move-in ready and all on one level! Gorgeous quartz countertops and stainless-steel appliances in the kitchen and quality Pergo flooring throughout the common areas of this home. Tons of storage, low maintenance, and close to everything. Don't miss this opportunity for carefree living.
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PRICE & RENT TRENDS
Zip Code: 98902
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 98902
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,319 |
| EXPENSES | Loan Payment | -$959 |
| Property Tax | -$202 | |
| Property Insurance | -$59 | |
| Property Management Fees | -$109 | |
|
CASH FLOW
-$10
|
||
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.
$260,000
PROJECTED PRICE
$1,319
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$74,650
LOAN DETAILS
$959
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $65,000 |
| Loan Amount | $195,000 |
4.67
YEARS SAVED
$14,859
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,319
LIST RENT -
$0.83
LIST RENT PER SQFT
-
COMP ESTIMATED VALUE -
COMP AVG. RENT PER SQFT
Comps Range
-
3400 Fairbanks Ave Yakima, WA
- 2 beds 2 baths ∙ 1,580 Sqft ∙ Built 1995 2 beds 2 baths ∙ 1,580 Sqft ∙ Built 1995
- Rent
- Rent Per SQFT
- $1,319
- $0.83
PROPERTY LISTING DETAILS
1.509.961.1888
Windermere Real Estate
