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511 Baker St Moxee, WA 98936

4 Beds 3 Baths 2,232 sqft Built 2006

$315,000

List Price

$1,553

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $141.13
  • 3 Days on Market
  • MLS # : 20-2661
  • Updated Date : 11/27/2020 at 12:29
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,232 sqft
  • Baths : 2 full , 1 half
Listing Agent

Heritage Moultray Real Estate Serv

Listing Agent's Description

Come see this very spacious home that has been freshly painted on the exterior to welcome a new owner in the popular Moxee community. The home offers 4 BR and 2.5 BA in more than 2000 well balanced SF. As you walk in you will notice the newer flooring & ample living space to provide an area for everyone. There is a formal dining room that allows for your household to detach from the day & enjoy meals together. As you go upstairs you will find all the bedrooms. The enormous main BR is one to fall in love with, especially as you continue to the bathroom where you will find double sinks, tub, shower & even a walk-in closet. If you need a ton of garage space or would like a hobby area, then you will be happy to find there is a 3rd bay to use to your liking.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 98936

ZipNIR Market*CityMarket2010Year2000201980k90k100k110k120k130k140k150k160k170k180k190k200k210kPrice in $78k214k

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

Zip Code: 98936

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
East Valley High School High Regular 852 45 6

East Valley High School

  • Education Level: High
  • # of students: 852
  • # of teachers: 45
6
GreatSchools Rating
 

$283,500$346,500$315,000

PURCHASE PRICE

$1,398$1,708$1,553

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,553
EXPENSES Loan Payment -$1,162
Property Tax -$292
Property Insurance -$72
Property Management Fees -$109
CASH FLOW
-$82

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.

$315,000

PROJECTED PRICE

$1,553

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 4.1%
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$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$10,706

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,553

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$1,553
1$1,553
$1,553
RENT COMPS ANALYSIS
  • 511 Baker St Moxee, WA
    • 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,553
    • $0.70
    •  
PROPERTY LISTING DETAILS
Drew Harris
1.509.901.1948
Heritage Moultray Real Estate Serv
BESbswy