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PROPERTY INFO
FACTS
- Single Family
- Built In 1977
- Price/Sqft : $145.26
- 5 Days on Market
- MLS # : 21-87
- Updated Date : 01/13/2021 at 21:48
CONSTRUCTION
- Beds : 3
- Floor Size : 2,196 sqft
- Baths : 3 full
Listing Agent
John L Scott Yakima
Listing Agent's Description
Great opportunity for first time home buyers to enjoy this large, open concept home featuring vaulted ceilings, large windows, abundant natural light in the main living and dining area. This home includes new carpet, new interior paint, new water heater and newly reinforced backyard deck. Home also has a newer roof and newer vinyl fencing. Lower level includes nice brick fireplace and good size family room. This home is on a cul-de-sac on a larger lot with plenty of space for growth.
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PRICE & RENT TRENDS
Zip Code: 98908
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 98908
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,613 |
| EXPENSES | Loan Payment | -$1,108 |
| Property Tax | -$245 | |
| Property Insurance | -$71 | |
| Property Management Fees | -$109 | |
|
CASH FLOW
$80
|
||
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.
$319,000
PROJECTED PRICE
$1,613
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$90,285
LOAN DETAILS
$1,108
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $79,750 |
| Loan Amount | $239,250 |
5.67
YEARS SAVED
$21,217
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,613
LIST RENT -
$0.73
LIST RENT PER SQFT
-
COMP ESTIMATED VALUE -
COMP AVG. RENT PER SQFT
Comps Range
-
7510 Conover Dr Yakima, WA
- 3 beds 3 baths ∙ 2,196 Sqft ∙ Built 1977 3 beds 3 baths ∙ 2,196 Sqft ∙ Built 1977
- Rent
- Rent Per SQFT
- $1,613
- $0.73
PROPERTY LISTING DETAILS
1.509.823.7039
John L Scott Yakima
