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510 Broadway Ave Grandview, WA 98930

3 Beds 2 Baths 1,821 sqft Built 2006

$350,000

List Price

$1,396

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $192.20
  • 2 Days on Market
  • MLS # : 21-153
  • Updated Date : 01/24/2021 at 03:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,821 sqft
  • Baths : 2 full
Listing Agent

Northwest Wine Country Real Estate Inc

PRICE & RENT TRENDS

Zip Code: 98930

ZipNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170kPrice in $69k171k

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

Zip Code: 98930

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
Grandview High School High Regular 836 35 1

Grandview High School

  • Education Level: High
  • # of students: 836
  • # of teachers: 35
1
GreatSchools Rating
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,256$1,536$1,396

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,396
EXPENSES Loan Payment -$1,216
Property Tax -$301
Property Insurance -$63
Property Management Fees -$109
CASH FLOW
-$293

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.

$350,000

PROJECTED PRICE

$1,396

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 10.3%
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-$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$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$1,451

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,396

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$1,396
1$1,396
$1,396
RENT COMPS ANALYSIS
  • 510 Broadway Ave Grandview, WA
    • 3 beds 2 baths ∙ 1,821 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,821 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,396
    • $0.77
    •  
PROPERTY LISTING DETAILS
Holly Castle
1.509.882.2001
Northwest Wine Country Real Estate Inc
BESbswy