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5500 Garden Terrace Ln Yakima, WA 98901

4 Beds 2 Baths 2,355 sqft Built 1998

$455,000

List Price

$1,654

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $193.21
  • 4 Days on Market
  • MLS # : 21-179
  • Updated Date : 01/28/2021 at 16:44
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,355 sqft
  • Baths : 2 full
Listing Agent

Heritage Moultray Real Estate Serv

Listing Agent's Description

Don't be fooled by the exterior, this home is fabulous inside. Vaulted ceilings with an open concept design make this home a great place to live and entertain. You will enjoy the formal dining room just off the entry and a separate den as well. The open concept living room with fireplace and casual dining space too. The kitchen features ample counter space and tons of storage. The slab granite counters with eating bar are just the right finishes. The largest bedroom features a large en suite bathroom with walk-in closet, on the opposite side of the home are three spacious bedrooms and full bath.Entertaining and outdoor recreation are just outside the sliding doors. The expansive back deck will be your favorite summertime retreat. The entire acre is in lawn with underground sprinklers.

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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
 

$409,500$500,500$455,000

PURCHASE PRICE

$1,489$1,819$1,654

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,654
EXPENSES Loan Payment -$1,580
Property Tax -$430
Property Insurance -$74
Property Management Fees -$109
CASH FLOW
-$540

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.

$455,000

PROJECTED PRICE

$1,654

PROJECTED RENT

0.36%

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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$126,325

INVESTMENT

$126,325

Down Payment
$113,750
Rehab Estimate
$5,750
Closing Costs
$6,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,580

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $113,750
Loan Amount $341,250
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$80

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,654

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$1,654
1$1,654
$1,654
RENT COMPS ANALYSIS
  • 5500 Garden Terrace Ln Yakima, WA
    • 4 beds 2 baths ∙ 2,355 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,355 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,654
    • $0.70
    •  
PROPERTY LISTING DETAILS
Moriet Miketa
1.509.969.4969
Heritage Moultray Real Estate Serv
BESbswy