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3510 Highview Dr Yakima, WA 98902

2 Beds 2 Baths 2,204 sqft Built 1989

$290,000

List Price

$1,376

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1989
  • Price/Sqft : $131.58
  • 2 Days on Market
  • MLS # : 20-2470
  • Updated Date : 11/02/2020 at 11:16
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,204 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Yakima Valley

Listing Agent's Description

Quality Built single level condo located in the popular and convenient High View Homeowners Association. Serene territorial views from the Living Room and Master Bedroom and large private backyard overlooked by the Family Room and 2nd BR. With over 2,200 sq ft and blt in 1980, this home has the size and contemporary floorplan that you are looking for. Large kitchen overlooks the Family Room with brick, gas fireplace and access to large patio and private backyard. Master Bedroom with walk-in closet and full ensuite. Huge 2nd BR with built-in office nook. At $80/mth High View Homeowners Association has one of the lowest HOA fees around. The Fees are for yard care, including some irrigation duties and responsibilities and snow removal. Time to live that carefree lifestyle..

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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
 

$261,000$319,000$290,000

PURCHASE PRICE

$1,238$1,514$1,376

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,376
EXPENSES Loan Payment -$1,070
Property Tax -$226
Property Insurance -$71
Property Management Fees -$109
CASH FLOW
-$100

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.

$290,000

PROJECTED PRICE

$1,376

PROJECTED RENT

0.47%

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,600

INVESTMENT

$82,600

Down Payment
$72,500
Rehab Estimate
$5,750
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,070

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,500
Loan Amount $217,500
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$9,460

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,376

    LIST RENT
  • $0.62

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$1,376
1$1,376
$1,376
RENT COMPS ANALYSIS
  • 3510 Highview Dr Yakima, WA
    • 2 beds 2 baths ∙ 2,204 Sqft ∙ Built 1989 2 beds 2 baths ∙ 2,204 Sqft ∙ Built 1989
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,376
    • $0.62
    •  
PROPERTY LISTING DETAILS
Terry Harrington
1.509.949.0890
Keller Williams Yakima Valley
BESbswy