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3603 W Lincoln Ave Yakima, WA 98902

3 Beds 2 Baths 3,676 sqft Built 1964

$375,000

List Price

$1,623

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 1964
  • Price/Sqft : $102.01
  • 4 Days on Market
  • MLS # : 20-2464
  • Updated Date : 11/02/2020 at 17:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,676 sqft
  • Baths : 1 full , 1 half
Listing Agent

Keller Williams Yakima Valley

Listing Agent's Description

Classic Dutch Colonial in mid-town. Formal living room with fireplace, quaint den, and a family room with gas fireplace off the eat-in kitchen. Upstairs you'll find 3 bedrooms (hardwood flooring under the carpets) and a continental bath. The lower level rec room is paneled in knotty pine and has a corner work bench. Fully fenced backyard with brick patio. Exceptionally well cared for.

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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
 

$337,500$412,500$375,000

PURCHASE PRICE

$1,461$1,785$1,623

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,623
EXPENSES Loan Payment -$1,384
Property Tax -$301
Property Insurance -$100
Property Management Fees -$109
CASH FLOW
-$270

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.

$375,000

PROJECTED PRICE

$1,623

PROJECTED RENT

0.43%

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$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,384

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$3,340

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,623

    LIST RENT
  • $0.44

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$1,623
1$1,623
$1,623
RENT COMPS ANALYSIS
  • 3603 W Lincoln Ave Yakima, WA
    • 3 beds 2 baths ∙ 3,676 Sqft ∙ Built 1964 3 beds 2 baths ∙ 3,676 Sqft ∙ Built 1964
    • Rent
    • Rent Per SQFT
    •  
    • $1,623
    • $0.44
    •  
PROPERTY LISTING DETAILS
Ryan Beckett
Keller Williams Yakima Valley
BESbswy