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607 S South Naches Ave Wapato, WA 98951

4 Beds 2 Baths 1,436 sqft Built 1950

$220,000

List Price

$1,173

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

December 30, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1950
  • Price/Sqft : $153.20
  • 5 Days on Market
  • MLS # : 20-2839
  • Updated Date : 12/31/2020 at 19:51
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,436 sqft
  • Baths : 2 full
Listing Agent

Yv Wine Country Properties

Listing Agent's Description

Very nice and upkept 4 bedroom, 2 bath home. Both bathrooms have been recently updated. Lots of charm on this home. Laminate flooring through most of the home. Contact your favorite agent today and make this spacious home your very own. Move in ready!

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PRICE & RENT TRENDS

Zip Code: 98951

ZipNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170kPrice in $62k171k

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

Zip Code: 98951

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
Adams Elementary School Primary Regular 318 24 1
Wapato Middle School Middle Regular 795 38 1
Wapato High School High Regular 796 42 3

Adams Elementary School

  • Education Level: Primary
  • # of students: 318
  • # of teachers: 24
1
GreatSchools Rating

Wapato Middle School

  • Education Level: Middle
  • # of students: 795
  • # of teachers: 38
1
GreatSchools Rating

Wapato High School

  • Education Level: High
  • # of students: 796
  • # of teachers: 42
3
GreatSchools Rating
 

$198,000$242,000$220,000

PURCHASE PRICE

$1,056$1,290$1,173

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,173
EXPENSES Loan Payment -$812
Property Tax -$163
Property Insurance -$56
Property Management Fees -$109
CASH FLOW
$33

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.

$220,000

PROJECTED PRICE

$1,173

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 8.2%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$64,050

INVESTMENT

$64,050

Down Payment
$55,000
Rehab Estimate
$5,750
Closing Costs
$3,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$812

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $55,000
Loan Amount $165,000
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$16,577

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,173

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$1,173
1$1,173
$1,173
RENT COMPS ANALYSIS
  • 607 S South Naches Ave Wapato, WA
    • 4 beds 2 baths ∙ 1,436 Sqft ∙ Built 1950 4 beds 2 baths ∙ 1,436 Sqft ∙ Built 1950
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,173
    • $0.82
    •  
PROPERTY LISTING DETAILS
Jose Luis Segovia
1.509.314.9805
Yv Wine Country Properties
BESbswy