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606 Mt. Adams St Moxee, WA 98936

3 Beds 2 Baths 1,536 sqft Built 2007

$289,000

List Price

$1,422

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $188.15
  • 4 Days on Market
  • MLS # : 21-601
  • Updated Date : 03/25/2021 at 22:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,536 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Yakima Valley

Listing Agent's Description

Great location for this single level 3BR/2BA home located in Moxee. Large living room, kitchen includes all appliances and is open to the family room. Backyard is fenced with low maintenance landscaping & UG sprinklers. A perfect starter home!

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PRICE & RENT TRENDS

Zip Code: 98936

ZipNIR Market*CityMarket2010Year2000201980k90k100k110k120k130k140k150k160k170k180k190k200k210kPrice in $78k214k

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

Zip Code: 98936

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
 

$260,100$317,900$289,000

PURCHASE PRICE

$1,280$1,564$1,422

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,422
EXPENSES Loan Payment -$1,004
Property Tax -$268
Property Insurance -$58
Property Management Fees -$109
CASH FLOW
-$16

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.

$289,000

PROJECTED PRICE

$1,422

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 4.1%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,335

INVESTMENT

$82,335

Down Payment
$72,250
Rehab Estimate
$5,750
Closing Costs
$4,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,004

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,250
Loan Amount $216,750
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$12,142

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,422

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$1,422
1$1,422
$1,422
RENT COMPS ANALYSIS
  • 606 Mt. Adams St Moxee, WA
    • 3 beds 2 baths ∙ 1,536 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,536 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,422
    • $0.93
    •  
PROPERTY LISTING DETAILS
Joanne Melton
1.509.930.5998
Keller Williams Yakima Valley
1.866.250.5610
Yakima Associal of Realtors ( YAR)
MLS #: 21-601
Last Updated: 03/25/2021
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