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71 Weems Way Selah, WA 98942

4 Beds 3 Baths 2,159 sqft Built 1965

$369,000

List Price

$1,747

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1965
  • Price/Sqft : $170.91
  • 3 Days on Market
  • MLS # : 20-2660
  • Updated Date : 11/27/2020 at 15:04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,159 sqft
  • Baths : 3 full
Listing Agent

John L Scott Yakima

Listing Agent's Description

Welcome home to this perfectly located one level Selah home featuring 4 bedrooms and 3 bathrooms across 2159 sq feet. As you walk in, you are greeted with a great multi-functional room with an energy efficient woodstove. This room could be used as a playroom, homeschool room, or living room. The dining area and family room with hardwood floors are open to each other and flow into the galley kitchen. Off of the kitchen is the laundry room and bathroom with shower. The hallway takes you to the second bathroom and four bedrooms. The master bedroom is spacious with room for an exercise and office area and features doors that lead to the backyard. The master bathroom has a deep garden tub and a double shower. The property sits on just over 1/2 acre with a fully fenced backyard.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 98942

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $78k225k

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

Zip Code: 98942

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
John Campbell Elementary School Primary Regular 645 44 NA
Selah Intermediate School Middle Regular 794 44 NA
Selah High School High Regular 1,029 44 7

John Campbell Elementary School

  • Education Level: Primary
  • # of students: 645
  • # of teachers: 44
NA
GreatSchools Rating

Selah Intermediate School

  • Education Level: Middle
  • # of students: 794
  • # of teachers: 44
NA
GreatSchools Rating

Selah High School

  • Education Level: High
  • # of students: 1,029
  • # of teachers: 44
7
GreatSchools Rating
 

$332,100$405,900$369,000

PURCHASE PRICE

$1,572$1,922$1,747

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,747
EXPENSES Loan Payment -$1,361
Property Tax -$303
Property Insurance -$70
Property Management Fees -$109
CASH FLOW
-$96

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.

$369,000

PROJECTED PRICE

$1,747

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 5.7%
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$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,535

INVESTMENT

$103,535

Down Payment
$92,250
Rehab Estimate
$5,750
Closing Costs
$5,535

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,361

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,250
Loan Amount $276,750
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$12,315

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,747

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$1,747
1$1,747
$1,747
RENT COMPS ANALYSIS
  • 71 Weems Way Selah, WA
    • 4 beds 3 baths ∙ 2,159 Sqft ∙ Built 1965 4 beds 3 baths ∙ 2,159 Sqft ∙ Built 1965
    • Rent
    • Rent Per SQFT
    •  
    • $1,747
    • $0.81
    •  
PROPERTY LISTING DETAILS
Mallory Huibregtse
1.509.969.3383
John L Scott Yakima
BESbswy