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PROPERTY INFO
FACTS
- Single Family
- Built In 1940
- Price/Sqft : $142.31
- 6 Days on Market
- MLS # : 21-260
- Updated Date : 02/10/2021 at 18:07
CONSTRUCTION
- Beds : 3
- Floor Size : 1,300 sqft
- Baths : 2 full
Listing Agent
Berkshire Hathaway Homeservices Central Washington Real Estate
Listing Agent's Description
Nice, clean Zillah home with 1300 square feet. 3 bedroom, 2 bath close to schools and shopping.
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PRICE & RENT TRENDS
Zip Code: 98953
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 98953
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,012 |
| EXPENSES | Loan Payment | -$643 |
| Property Tax | -$151 | |
| Property Insurance | -$53 | |
| Property Management Fees | -$109 | |
|
CASH FLOW
$56
|
||
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.
$185,000
PROJECTED PRICE
$1,012
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$54,775
LOAN DETAILS
$643
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $46,250 |
| Loan Amount | $138,750 |
6.42
YEARS SAVED
$13,631
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,012
LIST RENT -
$0.78
LIST RENT PER SQFT
-
COMP ESTIMATED VALUE -
COMP AVG. RENT PER SQFT
Comps Range
-
510 Melrose St Zillah, WA
- 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1940 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1940
![property image]()
- Rent
- Rent Per SQFT
- $1,012
- $0.78
PROPERTY LISTING DETAILS
1.509.480.2157
Berkshire Hathaway Homeservices Central Washington Real Estate
