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504 Virginia Ct Zillah, WA 98953

3 Beds 3 Baths 2,324 sqft Built 2006

$394,000

List Price

$1,676

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $169.54
  • 5 Days on Market
  • MLS # : 20-2454
  • Updated Date : 10/30/2020 at 18:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,324 sqft
  • Baths : 2 full , 1 half
Listing Agent

Berkshire Hathaway Homeservices Central Washington Real Estate

Listing Agent's Description

Here is your chance to own a beautiful 3 bedroom, 3 bath home including an office and bonus room. This well thought out floor plan features the master bedroom on the main, 9 foot ceilings, office, formal dining area, spacious kitchen with eating bar, central vaccuum and large windows that allow an abundance of natural light into the great room. The upstairs features 2 more bedrooms, a full bathroom as well as the bonus room. The outside of this amazing property boasts a professional landscaped and fully fenced backyard. Call your favorite Realtor today to schedule a private showing.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 98953

ZipNIR Market*CityMarket2010Year2000201980k90k100k110k120k130k140k150k160k170k180k190k200k210kPrice in $78k214k

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

Zip Code: 98953

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
Hilton Elementary School Primary Regular 386 21 4
Zillah Middle School Middle Regular 196 12 6
Zillah High School High Regular 441 21 4

Hilton Elementary School

  • Education Level: Primary
  • # of students: 386
  • # of teachers: 21
4
GreatSchools Rating

Zillah Middle School

  • Education Level: Middle
  • # of students: 196
  • # of teachers: 12
6
GreatSchools Rating

Zillah High School

  • Education Level: High
  • # of students: 441
  • # of teachers: 21
4
GreatSchools Rating
 

$354,600$433,400$394,000

PURCHASE PRICE

$1,508$1,844$1,676

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,676
EXPENSES Loan Payment -$1,454
Property Tax -$322
Property Insurance -$73
Property Management Fees -$109
CASH FLOW
-$282

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.

$394,000

PROJECTED PRICE

$1,676

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 4.8%
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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$110,160

INVESTMENT

$110,160

Down Payment
$98,500
Rehab Estimate
$5,750
Closing Costs
$5,910

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,454

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $98,500
Loan Amount $295,500
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$3,649

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,676

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$1,676
1$1,676
$1,676
RENT COMPS ANALYSIS
  • 504 Virginia Ct Zillah, WA
    • 3 beds 3 baths ∙ 2,324 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,324 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,676
    • $0.72
    •  
PROPERTY LISTING DETAILS
Russ D. Redfield
1.509.949.1455
Berkshire Hathaway Homeservices Central Washington Real Estate
BESbswy