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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
$95,850
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PROPERTY INFO
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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 98908
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
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
| 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
INVESTMENT
$95,850
LOAN DETAILS
$1,254
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $85,000 |
| Loan Amount | $255,000 |
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
-
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
1.509.901.9660
Keller Williams Yakima Valley
