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430 Buchanan Rd Selah, WA 98942

3 Beds 2 Baths 1,200 sqft Built 1972

$340,000

List Price

$1,171

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $283.33
  • 2 Days on Market
  • MLS # : 21-456
  • Updated Date : 03/06/2021 at 22:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,200 sqft
  • Baths : 1 full , 1 half
Listing Agent

Yakima Valley Real Estate

Listing Agent's Description

Clean, cozy, in quiet location in Selah with almost half an acre. Home has 3 bedroom 2 baths and Garage/shop and garage has new door and car lift can stay with right offer.

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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 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 High School

  • Education Level: High
  • # of students: 1,029
  • # of teachers: 44
7
GreatSchools Rating
 

$306,000$374,000$340,000

PURCHASE PRICE

$1,054$1,288$1,171

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,171
EXPENSES Loan Payment -$1,181
Property Tax -$279
Property Insurance -$51
Property Management Fees -$109
CASH FLOW
-$449

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

$1,171

PROJECTED RENT

0.34%

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-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k

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$95,850

INVESTMENT

$95,850

Down Payment
$85,000
Rehab Estimate
$5,750
Closing Costs
$5,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $85,000
Loan Amount $255,000
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$51

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,171

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$1,171
1$1,171
$1,171
RENT COMPS ANALYSIS
  • 430 Buchanan Rd Selah, WA
    • 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $1,171
    • $0.98
    •  
PROPERTY LISTING DETAILS
Ricardo Gonzalez
1.509.307.6062
Yakima Valley Real Estate
1.866.250.5610
Yakima Associal of Realtors ( YAR)
MLS #: 21-456
Last Updated: 03/06/2021
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