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5612 Maclaren Ave Yakima, WA 98908

3 Beds 2 Baths 2,541 sqft Built 1987

INVESTimate

$415,000

List Price

$1,724

$1,552 - $1,896

Rent Est.

$440,813  ( +6.22%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1987
  • Price/Sqft : $163.32
  • 9 Days on Market
  • MLS # : 20-1776
  • Updated Date : 08/21/2020 at 15:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,541 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Yakima Valley

Listing Agent's Description

Welcome home to this spacious one level Tancara home! The double door entry opens to a wonderful great room w/ vaulted ceilings, gas fireplace & easy care flooring. Dining room offers bay window & overlooks the great room. Kitchen w/ informal dining & breakfast bar area. Master bedroom is located on opposite side of the other 2 bedrooms. Updated main bath with tile walk-in shower & jetted tub. Over-sized master suite with bay window complete w/ double vanity, jetted tub & walk in shower. Just off the master bedroom is your own private hot tub room with access to private covered back patio. Extra cabinets in laundry area w/ sink & pantry. Beautiful wood wrapped windows throughout with custom window coverings. Fenced yard, UG sprinklers & 3 car garage.

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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
Summitview Elementary School Primary Regular 317 20 6
West Valley Middle School Middle Regular 813 38 6
West Valley High School High Regular 1,040 44 6

Summitview Elementary School

  • Education Level: Primary
  • # of students: 317
  • # of teachers: 20
6
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
 

$373,500$456,500$415,000

PURCHASE PRICE

$1,552$1,896$1,724

RENT

DOWN PAYMENT
FINANCING

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-$8.0k-$6.0k-$4.0k-$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$200k$400k$600k$800k$1.0M$1.2M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,724
EXPENSES Loan Payment -$1,531
Property Tax -$317
Property Insurance -$78
Property Management Fees -$109
CASH FLOW
-$311

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.

$415,000

PROJECTED PRICE

$1,724

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 6.22%
Maintenance Year (1-5) 8.00%
Vacancy 6.00%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,531

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$3,344

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,724

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$1,724
1$1,724
$1,724
RENT COMPS ANALYSIS
  • 5612 Maclaren Ave Yakima,
    • 3 beds 2 baths ∙ 2,541 Sqft ∙ Built 1987 3 beds 2 baths ∙ 2,541 Sqft ∙ Built 1987
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,724
    • $0.68
    •  
PROPERTY LISTING DETAILS
Joanne Melton
1.509.930.5998
Keller Williams Yakima Valley
BESbswy