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707 S 68th Ave Yakima, WA 98908

3 Beds 2 Baths 1,574 sqft Built 1979

$299,500

List Price

$1,411

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 02, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $190.28
  • 5 Days on Market
  • MLS # : 20-2699
  • Updated Date : 12/05/2020 at 15:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,574 sqft
  • Baths : 2 full
Listing Agent

Windermere Real Estate

Listing Agent's Description

MOVE IN READY: Clean West Valley 3 bed 2 bath home with some updates throughout. New Exterior paint, newer roof, Vinyl windows, carpet, tile, and lighting. Open living room sweeps into dining and kitchen featuring a large island with eating bar and cook top. Master suite with walk-in closet and bath.Two additional bedrooms and updated bath with deep tub. Mature landscaping with U/G sprinklers and private back yard with patio area.

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
 

$269,550$329,450$299,500

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 -$1,105
Property Tax -$230
Property Insurance -$58
Property Management Fees -$109
CASH FLOW
-$92

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.

$299,500

PROJECTED PRICE

$1,411

PROJECTED RENT

0.47%

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-$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$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,118

INVESTMENT

$85,118

Down Payment
$74,875
Rehab Estimate
$5,750
Closing Costs
$4,493

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,105

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,875
Loan Amount $224,625
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$10,569

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
  • $0.9

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$1,411
1$1,411
$1,411
RENT COMPS ANALYSIS
  • 707 S 68th Ave Yakima, WA
    • 3 beds 2 baths ∙ 1,574 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,574 Sqft ∙ Built 1979
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,411
    • $0.90
    •  
PROPERTY LISTING DETAILS
Freba Afzali
1.509.969.3593
Windermere Real Estate
BESbswy