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PROPERTY INFO
FACTS
- Single Family
- Built In 1940
- Price/Sqft : $154.44
- 7 Days on Market
- MLS # : 20-2598
- Updated Date : 11/16/2020 at 13:52
CONSTRUCTION
- Beds : 3
- Floor Size : 1,936 sqft
- Baths : 2 full
Listing Agent
Windermere Real Estate
Listing Agent's Description
Nothing went untouched in this tastefully updated 3 bed 2 bath home in Terrace Heights. The home offers a family room, dining room, kitchen, two bedrooms, and a bath on the main level in addition to a second living room, bedroom, bathroom, and storage downstairs. The home also features a fully fenced backyard with underground sprinklers and great patio area for entertaining.
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PRICE & RENT TRENDS
Zip Code: 98901
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 98901
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,246 |
| EXPENSES | Loan Payment | -$1,103 |
| Property Tax | -$283 | |
| Property Insurance | -$66 | |
| Property Management Fees | -$109 | |
|
CASH FLOW
-$315
|
||
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.
$299,000
PROJECTED PRICE
$1,246
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$84,985
LOAN DETAILS
$1,103
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $74,750 |
| Loan Amount | $224,250 |
0.5
YEARS SAVED
$657
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,246
LIST RENT -
$0.64
LIST RENT PER SQFT
-
COMP ESTIMATED VALUE -
COMP AVG. RENT PER SQFT
Comps Range
-
4204 Terrace Heights Dr Yakima, WA
- 3 beds 2 baths ∙ 1,936 Sqft ∙ Built 1940 3 beds 2 baths ∙ 1,936 Sqft ∙ Built 1940
![property image]()
- Rent
- Rent Per SQFT
- $1,246
- $0.64
PROPERTY LISTING DETAILS
1.509.654.5887
Windermere Real Estate
