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419 S 38th St Yakima, WA 98901

3 Beds 2 Baths 1,404 sqft Built 2018

$348,000

List Price

$1,407

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $247.86
  • 4 Days on Market
  • MLS # : 21-438
  • Updated Date : 03/05/2021 at 20:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,404 sqft
  • Baths : 2 full
Listing Agent

John L Scott Yakima

Listing Agent's Description

Welcome to your new home in The Villas in Terrace Heights! This beautifully built 2017 home is 1,404 sq ft with vaulted ceilings and an open kitchen for a very spacious feel. The home has 3 bedrooms and 2 full bathrooms making it a perfect downsize house in which you can still host family and guests. Inside you'll find high-end upgrades throughout including quartz countertops, tile floors, upgraded lighting and plumbing fixtures, pull out cabinet shelves, usb outlets, remote controlled blinds in the bedroom, and a NUVO water treatment system. The back patio area is private, easy to maintain, and perfectly shaded in the summer months. Don't forget to peek in the large, finished & insulated attached garage with plenty of storage space and a 3rd bay for even more room.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 98901

ZipNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180kPrice in $66k189k

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

Zip Code: 98901

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
East Valley High School High Regular 852 45 6

East Valley High School

  • Education Level: High
  • # of students: 852
  • # of teachers: 45
6
GreatSchools Rating
 

$313,200$382,800$348,000

PURCHASE PRICE

$1,266$1,548$1,407

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,407
EXPENSES Loan Payment -$1,209
Property Tax -$329
Property Insurance -$55
Property Management Fees -$109
CASH FLOW
-$295

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.

$348,000

PROJECTED PRICE

$1,407

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 4.9%
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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$97,970

INVESTMENT

$97,970

Down Payment
$87,000
Rehab Estimate
$5,750
Closing Costs
$5,220

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,209

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,000
Loan Amount $261,000
See What Happens When You Reinvest Cash Flow

0.83

YEARS SAVED

$1,240

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,407

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$1,407
1$1,407
$1,407
RENT COMPS ANALYSIS
  • 419 S 38th St Yakima, WA
    • 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,407
    • $1.00
    •  
PROPERTY LISTING DETAILS
Cory Bemis
1.509.833.9467
John L Scott Yakima
1.866.250.5610
Yakima Associal of Realtors ( YAR)
MLS #: 21-438
Last Updated: 03/05/2021
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