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461 W Wapato Rd Wapato, WA 98951

3 Beds 1 Baths 1,562 sqft Built 1940

$179,900

List Price

$1,213

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1940
  • Price/Sqft : $115.17
  • 2 Days on Market
  • MLS # : 20-2764
  • Updated Date : 12/11/2020 at 22:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,562 sqft
  • Baths : 1 full
Listing Agent

Jody Hurst & Associates Realty

Listing Agent's Description

3BR in the outskirt of Wapato, Fully fenced, living room and family room, .66AC, park setting yard, new carpet and new paint, walking distance to all amenities, attached garage, room for the RV, great starter or investment.

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PRICE & RENT TRENDS

Zip Code: 98951

ZipNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170kPrice in $62k171k

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

Zip Code: 98951

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
Adams Elementary School Primary Regular 318 24 1
Wapato Middle School Middle Regular 795 38 1
Wapato High School High Regular 796 42 3

Adams Elementary School

  • Education Level: Primary
  • # of students: 318
  • # of teachers: 24
1
GreatSchools Rating

Wapato Middle School

  • Education Level: Middle
  • # of students: 795
  • # of teachers: 38
1
GreatSchools Rating

Wapato High School

  • Education Level: High
  • # of students: 796
  • # of teachers: 42
3
GreatSchools Rating
 

$161,910$197,890$179,900

PURCHASE PRICE

$1,092$1,334$1,213

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,213
EXPENSES Loan Payment -$664
Property Tax -$141
Property Insurance -$58
Property Management Fees -$109
CASH FLOW
$241

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.

$179,900

PROJECTED PRICE

$1,213

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 8.2%
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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$53,424

INVESTMENT

$53,424

Down Payment
$44,975
Rehab Estimate
$5,750
Closing Costs
$2,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$664

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $44,975
Loan Amount $134,925
See What Happens When You Reinvest Cash Flow

11.58

YEARS SAVED

$37,425

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,213

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$1,213
1$1,213
$1,213
RENT COMPS ANALYSIS
  • 461 W Wapato Rd Wapato, WA
    • 3 beds 1 baths ∙ 1,562 Sqft ∙ Built 1940 3 beds 1 baths ∙ 1,562 Sqft ∙ Built 1940
    • Rent
    • Rent Per SQFT
    •  
    • $1,213
    • $0.78
    •  
PROPERTY LISTING DETAILS
Nestor Hernandez
1.509.952.9756
Jody Hurst & Associates Realty
BESbswy