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611 S 75th Ave Yakima, WA 98908

3 Beds 2 Baths 1,850 sqft Built 1992

$399,000

List Price

$1,709

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

November 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $215.68
  • 6 Days on Market
  • MLS # : 20-2544
  • Updated Date : 11/09/2020 at 19:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,850 sqft
  • Baths : 2 full
Listing Agent

Windermere Real Estate

Listing Agent's Description

Single level 3 bed 2 bath home, featuring hardwood floors, vaulted ceilings, and updated kitchen. Master suite featuring walk-in closet, soaking tub, stand up shower, and his/hers sinks. Two additional bedrooms and bath on opposite side of the home. Private fenced back yard with large concrete patio with wooden pergola. Underground sprinklers throughout.

SEE MORE

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
Wide Hollow Elementary School Primary Regular 371 24 9
West Valley Middle School Middle Regular 813 38 6
West Valley High School High Regular 1,040 44 6

Wide Hollow Elementary School

  • Education Level: Primary
  • # of students: 371
  • # of teachers: 24
9
GreatSchools Rating

West Valley Middle School

  • Education Level: Middle
  • # of students: 813
  • # of teachers: 38
6
GreatSchools Rating

West Valley High School

  • Education Level: High
  • # of students: 1,040
  • # of teachers: 44
6
GreatSchools Rating
 

$359,100$438,900$399,000

PURCHASE PRICE

$1,538$1,880$1,709

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,709
EXPENSES Loan Payment -$1,472
Property Tax -$307
Property Insurance -$64
Property Management Fees -$109
CASH FLOW
-$243

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.

$399,000

PROJECTED PRICE

$1,709

PROJECTED RENT

0.43%

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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,485

INVESTMENT

$111,485

Down Payment
$99,750
Rehab Estimate
$5,750
Closing Costs
$5,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,472

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,750
Loan Amount $299,250
See What Happens When You Reinvest Cash Flow

1.83

YEARS SAVED

$5,741

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,709

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$1,709
1$1,709
$1,709
RENT COMPS ANALYSIS
  • 611 S 75th Ave Yakima, WA
    • 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $1,709
    • $0.92
    •  
PROPERTY LISTING DETAILS
Freba Afzali
1.509.969.3593
Windermere Real Estate
BESbswy