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409 N 57th Ave Yakima, WA 98908

3 Beds 2 Baths 1,875 sqft Built 1948

INVESTimate

$340,000

List Price

$1,398

$1,258 - $1,538

Rent Est.

$361,148  ( +6.22%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 1948
  • Price/Sqft : $181.33
  • 3 Days on Market
  • MLS # : 20-1826
  • Updated Date : 08/25/2020 at 18:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,875 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Yakima Valley

Listing Agent's Description

Picture perfect 3+BR/2BA, 1875 SF home in a coveted and peaceful, centrally located West Yakima Neighborhood. Featuring numerous updates throughout, the abundance of natural light and neutral color scheme provide an open and timeless feel. With every aspect designed with functionality and quality in mind, this home offers raised ceilings, hardwood floors and a gourmet kitchen - making this the perfect home for someone looking for style and class. The spacious master bedroom delights with an ensuite bathroom, a built-in dresser, double closets and an extra room - perfect for a large walk-in closet, office or nursery. The fully fenced backyard is designed for entertaining with a wonderful patio and large pool off of the master bedroom and family room and offers maximum privacy.

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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
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
 

$306,000$374,000$340,000

PURCHASE PRICE

$1,258$1,538$1,398

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,398
EXPENSES Loan Payment -$1,254
Property Tax -$260
Property Insurance -$64
Property Management Fees -$109
CASH FLOW
-$290

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.

$340,000

PROJECTED PRICE

$1,398

PROJECTED RENT

0.41%

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$95,850

INVESTMENT

$95,850

Down Payment
$85,000
Rehab Estimate
$5,750
Closing Costs
$5,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,254

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $85,000
Loan Amount $255,000
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$2,286

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,398

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$1,398
1$1,398
$1,398
RENT COMPS ANALYSIS
  • 409 N 57th Ave Yakima,
    • 3 beds 2 baths ∙ 1,875 Sqft ∙ Built 1948 3 beds 2 baths ∙ 1,875 Sqft ∙ Built 1948
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,398
    • $0.75
    •  
PROPERTY LISTING DETAILS
Kelly Murray
1.509.901.9660
Keller Williams Yakima Valley
BESbswy