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702 S 26th Ave Yakima, WA 98902

5 Beds 2 Baths 2,840 sqft Built 1950

$315,000

List Price

$1,539

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1950
  • Price/Sqft : $110.92
  • 4 Days on Market
  • MLS # : 21-219
  • Updated Date : 02/04/2021 at 17:44
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,840 sqft
  • Baths : 2 full
Listing Agent

John L Scott Yakima

Listing Agent's Description

Great curb appeal with this well-maintained 2,740 square foot home that is centrally located in Yakima and includes five-bedrooms, two-bathrooms, two living areas, two kitchens, and loads of built-in storage. Upon entering, the home opens to beautiful hardwood floors in a cozy living room with a wood burning fireplace, a dining area that leads to the outdoor tiled deck, and a large kitchen. The home continues with three bedrooms and one bathroom on the main level to go along with the lower level which includes a family room, gas fireplace, two bedrooms, a bathroom, 2nd kitchen, and an updated laundry room. Additional features include a fully fenced backyard, gated driveway, two-bay detached garage, RV parking space, underground sprinklers, 2nd laundry hook-up on main level, and more!

SEE MORE

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
Franklin Middle School Middle Regular 869 42 5
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

Franklin Middle School

  • Education Level: Middle
  • # of students: 869
  • # of teachers: 42
5
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

$1,385$1,693$1,539

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,539
EXPENSES Loan Payment -$1,094
Property Tax -$245
Property Insurance -$84
Property Management Fees -$109
CASH FLOW
$7

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

$1,539

PROJECTED RENT

0.49%

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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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 45% 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

4.58

YEARS SAVED

$15,011

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,539

    LIST RENT
  • $0.54

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$1,539
1$1,539
$1,539
RENT COMPS ANALYSIS
  • 702 S 26th Ave Yakima, WA
    • 5 beds 2 baths ∙ 2,840 Sqft ∙ Built 1950 5 beds 2 baths ∙ 2,840 Sqft ∙ Built 1950
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,539
    • $0.54
    •  
PROPERTY LISTING DETAILS
Cory Bemis
1.509.833.9467
John L Scott Yakima
BESbswy