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5807 Glacier Way Yakima, WA 98908

4 Beds 3 Baths 2,530 sqft Built 1973

INVESTimate

$347,000

List Price

$1,629

$1,466 - $1,792

Rent Est.

$368,583  ( +6.22%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1973
  • Price/Sqft : $137.15
  • 6 Days on Market
  • MLS # : 20-1811
  • Updated Date : 08/21/2020 at 13:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,530 sqft
  • Baths : 3 full
Listing Agent

John L Scott Yakima

Listing Agent's Description

Welcome to this well-built 4 bed 3 bath home with over 2,500 sq ft in one of Yakima's wonderful neighborhoods! As you step into the entry, to the right is a large living room with a wood fireplace along with the formal dining area adjacent to it. The dining room is good sized and leads to the kitchen. The kitchen has an open concept with the family room that also has a wood fireplace and an additional freestanding fireplace to keep you cozy in the winter months. This room leads out onto the patio with pergola, that overlooks the backyard. On the west side of the home, you will find 3 bedrooms and 2 full bath. One of those being the master bedroom with an en suite full bathroom.

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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
 

$312,300$381,700$347,000

PURCHASE PRICE

$1,466$1,792$1,629

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,629
EXPENSES Loan Payment -$1,280
Property Tax -$270
Property Insurance -$77
Property Management Fees -$109
CASH FLOW
-$108

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.

$347,000

PROJECTED PRICE

$1,629

PROJECTED RENT

0.47%

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$97,705

INVESTMENT

$97,705

Down Payment
$86,750
Rehab Estimate
$5,750
Closing Costs
$5,205

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,280

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $86,750
Loan Amount $260,250
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$10,964

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,629

    LIST RENT
  • $0.64

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$1,629
1$1,629
$1,629
RENT COMPS ANALYSIS
  • 5807 Glacier Way Yakima,
    • 4 beds 3 baths ∙ 2,530 Sqft ∙ Built 1973 4 beds 3 baths ∙ 2,530 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $1,629
    • $0.64
    •  
PROPERTY LISTING DETAILS
Joel Huibregtse
1.509.307.3510
John L Scott Yakima
BESbswy