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7510 Conover Dr Yakima, WA 98908

3 Beds 3 Baths 2,196 sqft Built 1977

$319,000

List Price

$1,613

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 13, 2021 RECENTLY ADDED
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

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
Cottonwood Elementary School Primary Regular 425 28 8
West Valley Middle School Middle Regular 813 38 6
West Valley High School High Regular 1,040 44 6

Cottonwood Elementary School

  • Education Level: Primary
  • # of students: 425
  • # of teachers: 28
8
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
 

$287,100$350,900$319,000

PURCHASE PRICE

$1,452$1,774$1,613

RENT

DOWN PAYMENT
FINANCING

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

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$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$90,285

INVESTMENT

$90,285

Down Payment
$79,750
Rehab Estimate
$5,750
Closing Costs
$4,785

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,108

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $79,750
Loan Amount $239,250
See What Happens When You Reinvest Cash Flow

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
$1,613
1$1,613
$1,613
RENT COMPS ANALYSIS
  • 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
Liz M Delgado
1.509.823.7039
John L Scott Yakima
BESbswy