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403 Wyant Way Grandview, WA 98930

3 Beds 2 Baths 1,508 sqft Built 1979

$279,900

List Price

$1,224

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $185.61
  • 2 Days on Market
  • MLS # : 20-2761
  • Updated Date : 12/11/2020 at 17:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,508 sqft
  • Baths : 2 full
Listing Agent

Dk Bain Real Estate, Inc.

Listing Agent's Description

GREAT HOME, WALKING DISTANCE TO SCHOOLS. SPACIOUS FLOOR PLAN WITH UNIQUE DESIGN, WOOD BURNING STOVE THAT COMPLIMENTS THE LIVING ROOM, KITCHEN AND DINNING AREA. HOME HAS NEW CARPET IN THE BEDROOM, WATERPROOF FLOORING, NEW INTERIOR PAINT THROUGHOUT, LOTS OF UP-GRADES, UGS AND NICE PRIVATE BACK YARD. THIS HOME IS CLEAN AND READY TO MOVE IN.

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PRICE & RENT TRENDS

Zip Code: 98930

ZipNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170kPrice in $69k171k

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

Zip Code: 98930

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
Grandview High School High Regular 836 35 1

Grandview High School

  • Education Level: High
  • # of students: 836
  • # of teachers: 35
1
GreatSchools Rating
 

$251,910$307,890$279,900

PURCHASE PRICE

$1,102$1,346$1,224

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,224
EXPENSES Loan Payment -$1,033
Property Tax -$241
Property Insurance -$57
Property Management Fees -$109
CASH FLOW
-$216

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.

$279,900

PROJECTED PRICE

$1,224

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 10.3%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

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$79,924

INVESTMENT

$79,924

Down Payment
$69,975
Rehab Estimate
$5,750
Closing Costs
$4,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,975
Loan Amount $209,925
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$2,901

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,224

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$1,224
1$1,224
$1,224
RENT COMPS ANALYSIS
  • 403 Wyant Way Grandview, WA
    • 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $1,224
    • $0.81
    •  
PROPERTY LISTING DETAILS
Isabel Roos
1.509.391.2100
Dk Bain Real Estate, Inc.
BESbswy