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604 E Gleed Rd Naches, WA 98937

4 Beds 1 Baths 1,530 sqft Built 1960

$335,000

List Price

$1,497

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $218.95
  • 2 Days on Market
  • MLS # : 21-466
  • Updated Date : 03/06/2021 at 00:49
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,530 sqft
  • Baths : 1 full
Listing Agent

Home Source Of Yakima

Listing Agent's Description

Near Gleed/Naches ramber on 1/2 acre. This 4 bed, 1 bath home is close to town and boasts 1530 sq ft on one level. Bonus is has a 1140 sq ft shop.

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PRICE & RENT TRENDS

Zip Code: 98937

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200kPrice in $67k214k

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

Zip Code: 98937

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
Naches Valley Elementary School Primary Regular 276 16 NA
Naches Valley High School High Regular 475 23 4

Naches Valley Elementary School

  • Education Level: Primary
  • # of students: 276
  • # of teachers: 16
NA
GreatSchools Rating

Naches Valley High School

  • Education Level: High
  • # of students: 475
  • # of teachers: 23
4
GreatSchools Rating
 

$301,500$368,500$335,000

PURCHASE PRICE

$1,347$1,647$1,497

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,497
EXPENSES Loan Payment -$1,164
Property Tax -$260
Property Insurance -$58
Property Management Fees -$109
CASH FLOW
-$93

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.

$335,000

PROJECTED PRICE

$1,497

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 6.5%
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$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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,164

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$9,432

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,497

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$1,497
1$1,497
$1,497
RENT COMPS ANALYSIS
  • 604 E Gleed Rd Naches, WA
    • 4 beds 1 baths ∙ 1,530 Sqft ∙ Built 1960 4 beds 1 baths ∙ 1,530 Sqft ∙ Built 1960
    • Rent
    • Rent Per SQFT
    •  
    • $1,497
    • $0.98
    •  
PROPERTY LISTING DETAILS
Lars Hanson
1.509.952.7147
Home Source Of Yakima
1.866.250.5610
Yakima Associal of Realtors ( YAR)
MLS #: 21-466
Last Updated: 03/06/2021
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