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621 S 35th Ave Yakima, WA 98902

5 Beds 3 Baths 1,858 sqft Built 1960

$315,000

List Price

$1,411

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $169.54
  • 1 Days on Market
  • MLS # : 21-576
  • Updated Date : 03/21/2021 at 04:26
CONSTRUCTION
  • Beds : 5
  • Floor Size : 1,858 sqft
  • Baths : 3 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

Excellent location, corner lot, and lots of living space. Full main floor, secondary ''apartment'' with bathroom/separate entrance, and large basement. Massive pull through shop - rare for the neighborhood. Hardwood floors, double-sided fireplace, and plenty of storage.

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PRICE & RENT TRENDS

Zip Code: 98902

ZipNIR Market*CityMarket2010Year2000201980k90k100k110k120k130k140k150k160k170k180kPrice in $74k189k

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

Zip Code: 98902

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
Nob Hill Elementary School Primary Regular 510 28 4
Wilson Middle School Middle Regular 825 46 3
A.c. Davis High School High Regular 2,099 97 2

Nob Hill Elementary School

  • Education Level: Primary
  • # of students: 510
  • # of teachers: 28
4
GreatSchools Rating

Wilson Middle School

  • Education Level: Middle
  • # of students: 825
  • # of teachers: 46
3
GreatSchools Rating

A.c. Davis High School

  • Education Level: High
  • # of students: 2,099
  • # of teachers: 97
2
GreatSchools Rating
 

$283,500$346,500$315,000

PURCHASE PRICE

$1,270$1,552$1,411

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,411
EXPENSES Loan Payment -$1,094
Property Tax -$245
Property Insurance -$64
Property Management Fees -$109
CASH FLOW
-$101

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.

$315,000

PROJECTED PRICE

$1,411

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 6.6%
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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,094

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$8,294

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,411

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$1,411
1$1,411
$1,411
RENT COMPS ANALYSIS
  • 621 S 35th Ave Yakima, WA
    • 5 beds 3 baths ∙ 1,858 Sqft ∙ Built 1960 5 beds 3 baths ∙ 1,858 Sqft ∙ Built 1960
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,411
    • $0.76
    •  
PROPERTY LISTING DETAILS
Kurtis Wiles
1.509.823.6934
Exp Realty Llc
1.866.250.5610
Yakima Associal of Realtors ( YAR)
MLS #: 21-576
Last Updated: 03/21/2021
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