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6716 W Pierce St Yakima, WA 98908

3 Beds 2 Baths 1,506 sqft Built 1997

$265,000

List Price

$1,502

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 1997
  • Price/Sqft : $175.96
  • 4 Days on Market
  • MLS # : 20-2510
  • Updated Date : 11/05/2020 at 16:27
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,506 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathaway Homeservices Central Washington Real Estate

Listing Agent's Description

Super convenient West Valley location just off 72nd and about King (North of Washington). One level home on flag lot (with a nicely sized large backyard), vaulted ceilings, large open concept entertainer's kitchen with eat-in dining space, large walk-in pantry with loads of storage, access to the backyard, and open to the large main living room. The split bedroom design offers privacy for the master suite, complete with attached dual vanity bathroom and walk-in closet. On the other side of the home find two additional bedrooms and full bathroom. Off the front entry the laundry with access to the garage features new flooring and nice space to drop coats and wet shoes.

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
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,352$1,652$1,502

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,502
EXPENSES Loan Payment -$978
Property Tax -$205
Property Insurance -$57
Property Management Fees -$109
CASH FLOW
$153

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.

$265,000

PROJECTED PRICE

$1,502

PROJECTED RENT

0.57%

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$978

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

7.67

YEARS SAVED

$31,158

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,502

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$1,502
1$1,502
$1,502
RENT COMPS ANALYSIS
  • 6716 W Pierce St Yakima, WA
    • 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,502
    • $1.00
    •  
PROPERTY LISTING DETAILS
Sarah Lund Snyder
1.425.260.5240
Berkshire Hathaway Homeservices Central Washington Real Estate
BESbswy