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5709 Marilane St Yakima, WA 98908

4 Beds 3 Baths 2,373 sqft Built 1964

$465,000

List Price

$1,696

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1964
  • Price/Sqft : $195.95
  • 3 Days on Market
  • MLS # : 20-2528
  • Updated Date : 11/06/2020 at 18:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,373 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Yakima Valley

Listing Agent's Description

New new new all within the past year. This contemporary modern home has been refurbished throughout. Met with an expansive view of the valley from the front door and opening to a sleek and modern kitchen with step down to spacious living area. Stunning white kitchen cabinets frame white quartz counters. The latest in stainless steel appliances. Gas fireplace in the living area. 4 bedrooms include a master suite and 2nd bedroom with ensuite. Additional office/den for quiet space. Two separate outdoor living areas. Fenced yard. Extra driveway parking.

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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
Gilbert Elementary School Primary Regular 560 35 2
Wilson Middle School Middle Regular 825 46 3
A.c. Davis High School High Regular 2,099 97 2

Gilbert Elementary School

  • Education Level: Primary
  • # of students: 560
  • # of teachers: 35
2
GreatSchools Rating

Wilson Middle School

  • Education Level: Middle
  • # of students: 825
  • # of teachers: 46
3
GreatSchools Rating

A.c. Davis High School

  • Education Level: High
  • # of students: 2,099
  • # of teachers: 97
2
GreatSchools Rating
 

$418,500$511,500$465,000

PURCHASE PRICE

$1,526$1,866$1,696

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,696
EXPENSES Loan Payment -$1,716
Property Tax -$367
Property Insurance -$74
Property Management Fees -$109
CASH FLOW
-$570

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.

$465,000

PROJECTED PRICE

$1,696

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 6.2%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$8.0k-$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$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$128,975

INVESTMENT

$128,975

Down Payment
$116,250
Rehab Estimate
$5,750
Closing Costs
$6,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,716

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $116,250
Loan Amount $348,750
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$173

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,696

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$1,696
1$1,696
$1,696
RENT COMPS ANALYSIS
  • 5709 Marilane St Yakima, WA
    • 4 beds 3 baths ∙ 2,373 Sqft ∙ Built 1964 4 beds 3 baths ∙ 2,373 Sqft ∙ Built 1964
    • Rent
    • Rent Per SQFT
    •  
    • $1,696
    • $0.71
    •  
PROPERTY LISTING DETAILS
Kate Soldano
1.509.949.0067
Keller Williams Yakima Valley
BESbswy