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631 Zimmerman Rd Yakima, WA 98908

4 Beds 2 Baths 2,496 sqft Built 2009

$525,000

List Price

$2,061

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

December 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $210.34
  • 4 Days on Market
  • MLS # : 20-2824
  • Updated Date : 12/23/2020 at 21:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,496 sqft
  • Baths : 2 full
Listing Agent

Dwell Real Estate Yakima

Listing Agent's Description

Beautiful views, spacious home on acreage just outside of Yakima. Custom built with large open kitchen including double convection ovens. Owner's suite with his and her's closets and en suite bath with garden tub. Brand new carpet on main level. Living room with propane gas fireplace, vaulted ceilings, and fan. Bonus area above garage makes a great office, hobby room, or movie area. Set on just over 4 acres, raised planter boxes for kitchen garden, custom chicken coop and fenced pen. Established berries, fruit trees and nut trees all on automated sprinkler system. Private well and includes a half share of Yakima-Tieton irrigation water.

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
Marcus Whitman Elementary School Primary Regular 360 22 6
Highland Junior High School Middle Regular 192 9 4
Highland High School High Regular 381 23 6

Marcus Whitman Elementary School

  • Education Level: Primary
  • # of students: 360
  • # of teachers: 22
6
GreatSchools Rating

Highland Junior High School

  • Education Level: Middle
  • # of students: 192
  • # of teachers: 9
4
GreatSchools Rating

Highland High School

  • Education Level: High
  • # of students: 381
  • # of teachers: 23
6
GreatSchools Rating
 

$472,500$577,500$525,000

PURCHASE PRICE

$1,855$2,267$2,061

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,061
EXPENSES Loan Payment -$1,937
Property Tax -$388
Property Insurance -$77
Property Management Fees -$122
CASH FLOW
-$463

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.

$525,000

PROJECTED PRICE

$2,061

PROJECTED RENT

0.39%

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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,937

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$2,283

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,061

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$2,061
1$2,061
$2,061
RENT COMPS ANALYSIS
  • 631 Zimmerman Rd Yakima, WA
    • 4 beds 2 baths ∙ 2,496 Sqft ∙ Built 2009 4 beds 2 baths ∙ 2,496 Sqft ∙ Built 2009
    • Rent
    • Rent Per SQFT
    •  
    • $2,061
    • $0.83
    •  
PROPERTY LISTING DETAILS
Melissa Christianson
1.509.952.8495
Dwell Real Estate Yakima
BESbswy