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517 Merclyn Ln Zillah, WA 98953

3 Beds 2 Baths 1,132 sqft Built 1990

$230,000

List Price

$1,165

$1K - $1.3K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $203.18
  • 2 Days on Market
  • MLS # : 21-156
  • Updated Date : 01/23/2021 at 22:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,132 sqft
  • Baths : 1 full , 1 half
Listing Agent

Exp Realty Llc

Listing Agent's Description

Updated, clean and cute! this 3-bedroom 1.5 bath home is located in the town of Zillah on a corner lot. Some of the updates include: Newer Roof, white vinyl fenced back yard, finished garage with epoxy floor. The interior of house is finished nicely. The house has central air and heat system, water softener, and nice stainless steel appliances. The property has irrigation water and UG sprinkler system.

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PRICE & RENT TRENDS

Zip Code: 98953

ZipNIR Market*CityMarket2010Year2000201980k90k100k110k120k130k140k150k160k170k180k190k200k210kPrice in $78k214k

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

Zip Code: 98953

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
Hilton Elementary School Primary Regular 386 21 4
Zillah Middle School Middle Regular 196 12 6
Zillah High School High Regular 441 21 4

Hilton Elementary School

  • Education Level: Primary
  • # of students: 386
  • # of teachers: 21
4
GreatSchools Rating

Zillah Middle School

  • Education Level: Middle
  • # of students: 196
  • # of teachers: 12
6
GreatSchools Rating

Zillah High School

  • Education Level: High
  • # of students: 441
  • # of teachers: 21
4
GreatSchools Rating
 

$207,000$253,000$230,000

PURCHASE PRICE

$1,049$1,282$1,165

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,165
EXPENSES Loan Payment -$799
Property Tax -$188
Property Insurance -$50
Property Management Fees -$109
CASH FLOW
$20

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.

$230,000

PROJECTED PRICE

$1,165

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,700

INVESTMENT

$66,700

Down Payment
$57,500
Rehab Estimate
$5,750
Closing Costs
$3,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$799

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $57,500
Loan Amount $172,500
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$12,919

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,165

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$1,165
1$1,165
$1,165
RENT COMPS ANALYSIS
  • 517 Merclyn Ln Zillah, WA
    • 3 beds 2 baths ∙ 1,132 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,132 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $1,165
    • $1.03
    •  
PROPERTY LISTING DETAILS
Jesse Orozco
1.509.901.0209
Exp Realty Llc
BESbswy