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7402 W Walnut St Yakima, WA 98908

3 Beds 2 Baths 1,134 sqft Built 1984

$300,000

List Price

$1,136

$1K - $1.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $264.55
  • 2 Days on Market
  • MLS # : 21-1710
  • Updated Date : 07/12/2021 at 22:45
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,134 sqft
  • Baths : 1 full , 1 half
Listing Agent

Berkshire Hathaway Homeservices Central Washington Real Estate

Listing Agent's Description

West Valley home with many updates offers 3 bedrooms, 1.5 baths and 1 attached garage. New Lennox mini split for heating and cooling, driveway sealed and coated this summer, newer 30 year roof. Professionally painted kitchen cabinets, new bronze hardware and some newer appliances. Large dining room with sliding door to the covered deck. Updated main bathroom with laundry facilities. Master bedroom with completely updated half bath. Fully fenced yard with underground sprinkler system. Long driveway provides ample parking.

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
Apple Valley Elementary School Primary Regular 338 22 9
West Valley Junior High School Middle Regular 843 38 NA
West Valley High School High Regular 1,040 44 6

Apple Valley Elementary School

  • Education Level: Primary
  • # of students: 338
  • # of teachers: 22
9
GreatSchools Rating

West Valley Junior High School

  • Education Level: Middle
  • # of students: 843
  • # of teachers: 38
NA
GreatSchools Rating

West Valley High School

  • Education Level: High
  • # of students: 1,040
  • # of teachers: 44
6
GreatSchools Rating
 

$270,000$330,000$300,000

PURCHASE PRICE

$1,022$1,250$1,136

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,136
EXPENSES Loan Payment -$1,042
Property Tax -$231
Property Insurance -$50
Property Management Fees -$109
CASH FLOW
-$295

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.

$300,000

PROJECTED PRICE

$1,136

PROJECTED RENT

0.38%

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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

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$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$823

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,136

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$1,136
1$1,136
$1,136
RENT COMPS ANALYSIS
  • 7402 W Walnut St Yakima, WA
    • 3 beds 2 baths ∙ 1,134 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,134 Sqft ∙ Built 1984
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,136
    • $1.00
    •  
PROPERTY LISTING DETAILS
Mayra A. Nulph
1.509.834.3903
Berkshire Hathaway Homeservices Central Washington Real Estate
1.866.250.5610
Yakima Associal of Realtors ( YAR)
MLS #: 21-1710
Last Updated: 07/12/2021
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