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431 Westridge Rd Selah, WA 98942

3 Beds 4 Baths 2,602 sqft Built 1990

$448,000

List Price

$1,732

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 16, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $172.18
  • 7 Days on Market
  • MLS # : 20-2600
  • Updated Date : 11/20/2020 at 16:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,602 sqft
  • Baths : 3 full , 1 half
Listing Agent

John L Scott Yakima

Listing Agent's Description

This Selah Hilltop Gentlemen's Country Estate welcomes you with its superior craftsmanship and pride of ownership. This is a one-owner smoke-free property built to accommodate a family with private spaces and large common family areas. Some updates include new HVAC 2010, new well 2018. Walls of windows give abundant natural sunlight and capture the spectacular views. The large, well-appointed updated kitchen (2010) makes cooking a joy next to the gracious family room. A sunroom off the kitchen captures tons of early morning light, creating peaceful ambiance perfect for coffee and your favorite reading. Green thumb enthusiasts will appreciate the atrium/plant room off the dining area.

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
 

$403,200$492,800$448,000

PURCHASE PRICE

$1,559$1,905$1,732

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,732
EXPENSES Loan Payment -$1,653
Property Tax -$402
Property Insurance -$79
Property Management Fees -$109
CASH FLOW
-$511

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.

$448,000

PROJECTED PRICE

$1,732

PROJECTED RENT

0.39%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$8.0k-$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$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,470

INVESTMENT

$124,470

Down Payment
$112,000
Rehab Estimate
$5,750
Closing Costs
$6,720

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,653

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,000
Loan Amount $336,000
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$261

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,732

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$1,732
1$1,732
$1,732
RENT COMPS ANALYSIS
  • 431 Westridge Rd Selah, WA
    • 3 beds 3 baths ∙ 2,602 Sqft ∙ Built 1990 3 beds 3 baths ∙ 2,602 Sqft ∙ Built 1990
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,732
    • $0.67
    •  
PROPERTY LISTING DETAILS
Thomas Parker
1.509.961.1192
John L Scott Yakima
BESbswy