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413 Capri Ct Benton City, WA 99320

3 Beds 2 Baths 1,615 sqft Built 2011

$330,000

List Price

$1,744

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $204.33
  • 3 Days on Market
  • MLS # : 21-107
  • Updated Date : 01/16/2021 at 04:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,615 sqft
  • Baths : 2 full
Listing Agent

Jody Hurst & Associates Realty

Listing Agent's Description

This is a must see in Benton City! Newer single level home at the end of a cul de sac. This beautifully appointed home features 3 large bedrooms, 2 full baths, and an extremely functional open floor plan connecting living room, dining room area, and kitchen making it great for entertaining. Outside you will enjoy the extra-large fully fenced back yard/patio area w/ full sprinkler system/drip-lines and curbed garden beds. High end Kinetico water softener/filtration system stays. Don't miss out on this meticulously cared for home. County shows square footage as 1,615 but Seller believes it is closer to 1,800. Buyer to verify all information to their satisfaction.

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PRICE & RENT TRENDS

Zip Code: 99320

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $102k276k

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

Zip Code: 99320

ZipNIR Market*CityMarket20162018Year2014 Q22019 Q212501300135014001450150015501600165017001750Rent in $12501783

* 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
Kiona-benton City Elementary School Primary Regular 484 31 NA
Kiona-benton City Middle School Middle Regular 330 15 2
Kiona-benton City High School High Regular 481 23 4

Kiona-benton City Elementary School

  • Education Level: Primary
  • # of students: 484
  • # of teachers: 31
NA
GreatSchools Rating

Kiona-benton City Middle School

  • Education Level: Middle
  • # of students: 330
  • # of teachers: 15
2
GreatSchools Rating

Kiona-benton City High School

  • Education Level: High
  • # of students: 481
  • # of teachers: 23
4
GreatSchools Rating
 

$297,000$363,000$330,000

PURCHASE PRICE

$1,570$1,918$1,744

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,744
EXPENSES Loan Payment -$1,146
Property Tax -$295
Property Insurance -$60
Property Management Fees -$109
CASH FLOW
$135

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$330,000

PROJECTED PRICE

$1,744

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 6.2%
Maintenance Year (1-5) 8.00%
Vacancy 5.30%
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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$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 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$26,895

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,744

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$1,744
1$1,744
$1,744
RENT COMPS ANALYSIS
  • 413 Capri Ct Benton City, WA
    • 3 beds 2 baths ∙ 1,615 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,615 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $1,744
    • $1.08
    •  
PROPERTY LISTING DETAILS
Bobby L. James
1.509.961.2996
Jody Hurst & Associates Realty
BESbswy