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361 S 76th Ave Yakima, WA 98908

3 Beds 2 Baths 1,269 sqft Built 1987

INVESTimate

$265,000

List Price

$1,386

$1,247 - $1,525

Rent Est.

$281,483  ( +6.22%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 1987
  • Price/Sqft : $208.83
  • 3 Days on Market
  • MLS # : 20-1830
  • Updated Date : 08/24/2020 at 17:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,269 sqft
  • Baths : 2 full
Listing Agent

Compass Washington, Llc

Listing Agent's Description

Great home in West Valley CC neighborhood to raise your family in. This home has 3BR 2BA with Family room that opens up to Dining and well appointed Kitchen with breakfast bar. Large sliding doors open up to private backyard with covered patio area. $100/Month HOA fee covers the Pool, Clubhouse, snow removal and road maintenance. Please follow all Covid-19 guidelines for showing property.

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PRICE & RENT TRENDS

Zip Code: 98908

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $78k241k

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

Zip Code: 98908

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
Apple Valley Elementary School Primary Regular 338 22 9
West Valley Middle School Middle Regular 813 38 6
West Valley High School High Regular 1,040 44 6

Apple Valley Elementary School

  • Education Level: Primary
  • # of students: 338
  • # of teachers: 22
9
GreatSchools Rating

West Valley Middle School

  • Education Level: Middle
  • # of students: 813
  • # of teachers: 38
6
GreatSchools Rating

West Valley High School

  • Education Level: High
  • # of students: 1,040
  • # of teachers: 44
6
GreatSchools Rating
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,247$1,525$1,386

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,386
EXPENSES Loan Payment -$978
Property Tax -$204
Property Insurance -$52
Property Management Fees -$109
CASH FLOW
$43

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.

$265,000

PROJECTED PRICE

$1,386

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 6.22%
Maintenance Year (1-5) 8.00%
Vacancy 6.00%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$978

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$20,011

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,386

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$1,386
1$1,386
$1,386
RENT COMPS ANALYSIS
  • 361 S 76th Ave Yakima,
    • 3 beds 2 baths ∙ 1,269 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,269 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $1,386
    • $1.09
    •  
PROPERTY LISTING DETAILS
Javier Cardenas
1.509.952.4172
Compass Washington, Llc
BESbswy