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535 Franklin Ct Ct Sunnyside, WA 98944

4 Beds 3 Baths 1,845 sqft Built 1962

$270,000

List Price

$1,257

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

November 15, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1962
  • Price/Sqft : $146.34
  • 1 Days on Market
  • MLS # : 20-2593
  • Updated Date : 11/14/2020 at 20:10
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,845 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty Llc

Listing Agent's Description

Centrally location property with 2 homes. Both houses have a nice clean stucco finish. The main house offer 3 bedrooms with 1.5 bathrooms. There is a nice cozy living room with fireplace, formal dining, attached garage, washer and dryer area, Central air & Heat and water softener.The small house is a rental. This cute house has been completely remodeled from interior approximately 1 year ago.Buyer shall verify all about homes, lot/parcel to buyer satisfaction.

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PRICE & RENT TRENDS

Zip Code: 98944

ZipNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170kPrice in $66k171k

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

Zip Code: 98944

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
Chief Kamiakin Elementary School Primary Regular 782 51 1
Harrison Middle School Middle Regular 780 40 3

Chief Kamiakin Elementary School

  • Education Level: Primary
  • # of students: 782
  • # of teachers: 51
1
GreatSchools Rating

Harrison Middle School

  • Education Level: Middle
  • # of students: 780
  • # of teachers: 40
3
GreatSchools Rating
 

$243,000$297,000$270,000

PURCHASE PRICE

$1,131$1,383$1,257

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,257
EXPENSES Loan Payment -$996
Property Tax -$203
Property Insurance -$64
Property Management Fees -$109
CASH FLOW
-$115

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.

$270,000

PROJECTED PRICE

$1,257

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 7.5%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$996

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$7,837

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,257

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$1,257
1$1,257
$1,257
RENT COMPS ANALYSIS
  • 535 Franklin Ct Ct Sunnyside, WA
    • 4 beds 3 baths ∙ 1,845 Sqft ∙ Built 1962 4 beds 3 baths ∙ 1,845 Sqft ∙ Built 1962
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,257
    • $0.68
    •  
PROPERTY LISTING DETAILS
Jesse Orozco
1.509.901.0209
Exp Realty Llc
BESbswy