Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

512 N 38th St Yakima, WA 98901

3 Beds 2 Baths 1,501 sqft Built 1970

$290,000

List Price

$1,285

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1970
  • Price/Sqft : $193.20
  • 2 Days on Market
  • MLS # : 20-2532
  • Updated Date : 11/07/2020 at 18:38
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,501 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Yakima Valley

Listing Agent's Description

Comfortable three bedroom, two bath rambler in quiet Terrace Heights neighborhood. The kitchen is in between two living spaces, providing easy flow between spaces for daily living and entertaining. The large back yard is fully fenced with all underground sprinklers both back yard and front yard. New upgrades include new dishwasher and new hot water heater. The storage shed in the back yard is a good size at 24x8 feet. This home is move in ready and well maintained. Call for a tour today!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 98901

ZipNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180kPrice in $66k189k

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

Zip Code: 98901

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
 

$261,000$319,000$290,000

PURCHASE PRICE

$1,157$1,414$1,285

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,285
EXPENSES Loan Payment -$1,070
Property Tax -$274
Property Insurance -$57
Property Management Fees -$109
CASH FLOW
-$225

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.

$290,000

PROJECTED PRICE

$1,285

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 4.9%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,600

INVESTMENT

$82,600

Down Payment
$72,500
Rehab Estimate
$5,750
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,070

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,500
Loan Amount $217,500
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$2,622

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,285

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$1,285
1$1,285
$1,285
RENT COMPS ANALYSIS
  • 512 N 38th St Yakima, WA
    • 3 beds 4 baths ∙ 1,501 Sqft ∙ Built 1970 3 beds 4 baths ∙ 1,501 Sqft ∙ Built 1970
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,285
    • $0.86
    •  
PROPERTY LISTING DETAILS
Liberty Mclean
1.509.952.8341
Keller Williams Yakima Valley
BESbswy