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40 Amanda Ln Selah, WA 98942

3 Beds 2 Baths 1,775 sqft Built 2002

$339,500

List Price

$1,637

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $191.27
  • 4 Days on Market
  • MLS # : 21-101
  • Updated Date : 01/15/2021 at 20:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,775 sqft
  • Baths : 2 full
Listing Agent

John L Scott Yakima

Listing Agent's Description

Charming 3 bed/ 2 bath in desirable Selah. Country living close to town. Lots of natural light from 3 large picture windows. Great room with vaulted ceilings and open kitchen with large pantry and lots of cupboards. Master suite has a newly installed shower, separate laundry utility room, new hot water tank and high efficiency HVAC system. Bonus room/ bedroom or office off garage. Fenced back yard with underground sprinkler plus a deck with a view.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 98942

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $78k225k

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

Zip Code: 98942

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
John Campbell Elementary School Primary Regular 645 44 NA
Selah Intermediate School Middle Regular 794 44 NA
Selah High School High Regular 1,029 44 7

John Campbell Elementary School

  • Education Level: Primary
  • # of students: 645
  • # of teachers: 44
NA
GreatSchools Rating

Selah Intermediate School

  • Education Level: Middle
  • # of students: 794
  • # of teachers: 44
NA
GreatSchools Rating

Selah High School

  • Education Level: High
  • # of students: 1,029
  • # of teachers: 44
7
GreatSchools Rating
 

$305,550$373,450$339,500

PURCHASE PRICE

$1,473$1,801$1,637

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,637
EXPENSES Loan Payment -$1,179
Property Tax -$279
Property Insurance -$62
Property Management Fees -$109
CASH FLOW
$8

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.

$339,500

PROJECTED PRICE

$1,637

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 5.7%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$95,718

INVESTMENT

$95,718

Down Payment
$84,875
Rehab Estimate
$5,750
Closing Costs
$5,093

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,179

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $84,875
Loan Amount $254,625
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$15,897

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,637

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$1,637
1$1,637
$1,637
RENT COMPS ANALYSIS
  • 40 Amanda Ln Selah, WA
    • 3 beds 2 baths ∙ 1,775 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,775 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,637
    • $0.92
    •  
PROPERTY LISTING DETAILS
Denise M Gonzales
1.509.930.7237
John L Scott Yakima
BESbswy