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410 Hillcrest Dr Selah, WA 98942

4 Beds 2 Baths 1,910 sqft Built 1972

$310,000

List Price

$1,602

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $162.30
  • 2 Days on Market
  • MLS # : 20-2640
  • Updated Date : 11/20/2020 at 20:39
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,910 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathaway Homeservices Central Washington Real Estate

Listing Agent's Description

Welcome to this beautiful 4 bedroom, 2 full bath home that welcomes you with a front patio, wood floors, tall ceilings, open concept kitchen, 2 car garage on the main level. Upper level has laundry room, full bathroom and 3 bedrooms. Lower level has a cozy pellet stove in the living area with an additional bathroom and bedroom. Recent updates include roof, HVAC, newer out buildings, new fence in the large backyard with another patio for your family or furry friends to enjoy.

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
 

$279,000$341,000$310,000

PURCHASE PRICE

$1,442$1,762$1,602

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,602
EXPENSES Loan Payment -$1,144
Property Tax -$244
Property Insurance -$65
Property Management Fees -$109
CASH FLOW
$40

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.

$310,000

PROJECTED PRICE

$1,602

PROJECTED RENT

0.52%

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,900

INVESTMENT

$87,900

Down Payment
$77,500
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,144

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $77,500
Loan Amount $232,500
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$21,265

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,602

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$1,602
1$1,602
$1,602
RENT COMPS ANALYSIS
  • 410 Hillcrest Dr Selah, WA
    • 4 beds 2 baths ∙ 1,910 Sqft ∙ Built 1910 4 beds 2 baths ∙ 1,910 Sqft ∙ Built 1910
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,602
    • $0.84
    •  
PROPERTY LISTING DETAILS
Marcos Ramos
1.509.833.6559
Berkshire Hathaway Homeservices Central Washington Real Estate
BESbswy