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511 N 62nd Ave Yakima, WA 98908

5 Beds 3 Baths 3,255 sqft Built 1976

$479,900

List Price

$2,767

$2.5K - $3K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1976
  • Price/Sqft : $147.43
  • 3 Days on Market
  • MLS # : 20-2790
  • Updated Date : 12/18/2020 at 19:33
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,255 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Yakima Valley

Listing Agent's Description

Hard to find family sized home with 5 bedrooms and 3 bathrooms. Several different living areas with fireplaces and nice updates throughout. This yard was meant for entertaining. Inground pool, hot tub and mature landscaping. Sit on the upper deck and enjoy the view or relax on the lower patio by the pool. Underground sprinklers and irrigation rights.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 98908

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $78k241k

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

Zip Code: 98908

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
Apple Valley Elementary School Primary Regular 338 22 9
West Valley Middle School Middle Regular 813 38 6
West Valley High School High Regular 1,040 44 6

Apple Valley Elementary School

  • Education Level: Primary
  • # of students: 338
  • # of teachers: 22
9
GreatSchools Rating

West Valley Middle School

  • Education Level: Middle
  • # of students: 813
  • # of teachers: 38
6
GreatSchools Rating

West Valley High School

  • Education Level: High
  • # of students: 1,040
  • # of teachers: 44
6
GreatSchools Rating
 

$431,910$527,890$479,900

PURCHASE PRICE

$2,490$3,044$2,767

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,767
EXPENSES Loan Payment -$1,771
Property Tax -$367
Property Insurance -$92
Property Management Fees -$163
CASH FLOW
$375

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.

$479,900

PROJECTED PRICE

$2,767

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 6.2%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$132,924

INVESTMENT

$132,924

Down Payment
$119,975
Rehab Estimate
$5,750
Closing Costs
$7,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,771

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $119,975
Loan Amount $359,925
See What Happens When You Reinvest Cash Flow

8.58

YEARS SAVED

$67,220

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,767

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$2,767
1$2,767
$2,767
RENT COMPS ANALYSIS
  • 511 N 62nd Ave Yakima, WA
    • 5 beds 3 baths ∙ 3,255 Sqft ∙ Built 1976 5 beds 3 baths ∙ 3,255 Sqft ∙ Built 1976
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,767
    • $0.85
    •  
PROPERTY LISTING DETAILS
Cami Leonard
1.509.949.2192
Keller Williams Yakima Valley
BESbswy