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3400 Fairbanks Ave Yakima, WA 98902

2 Beds 2 Baths 1,580 sqft Built 1995

$260,000

List Price

$1,319

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
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.

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
Gilbert Elementary School Primary Regular 560 35 2
Wilson Middle School Middle Regular 825 46 3
A.c. Davis High School High Regular 2,099 97 2

Gilbert Elementary School

  • Education Level: Primary
  • # of students: 560
  • # of teachers: 35
2
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
 

$234,000$286,000$260,000

PURCHASE PRICE

$1,187$1,451$1,319

RENT

DOWN PAYMENT
FINANCING

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

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$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$10k

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$74,650

INVESTMENT

$74,650

Down Payment
$65,000
Rehab Estimate
$5,750
Closing Costs
$3,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$959

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $65,000
Loan Amount $195,000
See What Happens When You Reinvest Cash Flow

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
$1,319
1$1,319
$1,319
RENT COMPS ANALYSIS
  • 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
Travis Antles
1.509.961.1888
Windermere Real Estate
BESbswy