Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

620 Arteaga Cir Grandview, WA 98930

3 Beds 2 Baths 1,214 sqft Built 2008

$260,000

List Price

$1,204

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

February 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $214.17
  • 5 Days on Market
  • MLS # : 21-276
  • Updated Date : 02/11/2021 at 23:29
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,214 sqft
  • Baths : 2 full
Listing Agent

Results Realty Group

Listing Agent's Description

Great starter home, close to schools in a great location. This home is a must see!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 98930

ZipNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170kPrice in $69k171k

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

Zip Code: 98930

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
Grandview High School High Regular 836 35 1

Grandview High School

  • Education Level: High
  • # of students: 836
  • # of teachers: 35
1
GreatSchools Rating
 

$234,000$286,000$260,000

PURCHASE PRICE

$1,084$1,324$1,204

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,204
EXPENSES Loan Payment -$903
Property Tax -$224
Property Insurance -$51
Property Management Fees -$109
CASH FLOW
-$83

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.

$260,000

PROJECTED PRICE

$1,204

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 10.3%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,650

INVESTMENT

$74,650

Down Payment
$65,000
Rehab Estimate
$5,750
Closing Costs
$3,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$903

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $65,000
Loan Amount $195,000
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$7,203

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,204

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$1,204
1$1,204
$1,204
RENT COMPS ANALYSIS
  • 620 Arteaga Cir Grandview, WA
    • 3 beds 2 baths ∙ 1,214 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,214 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $1,204
    • $0.99
    •  
PROPERTY LISTING DETAILS
Pamela J Caldwell
1.509.949.1771
Results Realty Group
BESbswy