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400 S 10th St Selah, WA 98942

3 Beds 2 Baths 1,344 sqft Built 1950

$329,999

List Price

$1,368

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1950
  • Price/Sqft : $245.53
  • 3 Days on Market
  • MLS # : 20-2721
  • Updated Date : 12/05/2020 at 18:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,344 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker

Listing Agent's Description

Beautiful Remodeled home in Selah. Everything new inside:-Doors/windows-Counter tops-Flooring-Hickory Cabinets-HVAC-Heat Pump-All new electrical/panel -Duct Work-Water Heater-Gas fireplace-Gas or electric range hookup3 BR 2 BA, LR 31x15, kitchen 21x15, outdoor gas for BBQ. Garage/shop, She-shed/man cave. Parking for 6+ cars, RV space, view in back, paved drive, close to all schools/park. Great home to raise your family!

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
 

$296,999$362,999$329,999

PURCHASE PRICE

$1,231$1,505$1,368

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,368
EXPENSES Loan Payment -$1,218
Property Tax -$260
Property Insurance -$54
Property Management Fees -$109
CASH FLOW
-$272

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.

$329,999

PROJECTED PRICE

$1,368

PROJECTED RENT

0.41%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,218

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,500
Loan Amount $247,499
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$2,536

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,368

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$1,368
1$1,368
$1,368
RENT COMPS ANALYSIS
  • 400 S 10th St Selah, WA
    • 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 1950
    • Rent
    • Rent Per SQFT
    •  
    • $1,368
    • $1.02
    •  
PROPERTY LISTING DETAILS
Susan M E Lockbeam
1.509.949.1151
Coldwell Banker
BESbswy