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7611 Tieton Dr Yakima, WA 98908

3 Beds 2 Baths 2,239 sqft Built 1947

INVESTimate

$314,900

List Price

$1,405

$1,265 - $1,546

Rent Est.

$334,487  ( +6.22%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1947
  • Price/Sqft : $140.64
  • 6 Days on Market
  • MLS # : 20-1815
  • Updated Date : 08/21/2020 at 17:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,239 sqft
  • Baths : 1 full , 1 half
Listing Agent

Keller Williams Yakima Valley

Listing Agent's Description

Spacious home with tons of character and storage! Bright kitchen, formal dining room and large living room with gas fireplace. Room to grow in basement. Carport and covered workshop area. Covered RV Parking. Circular driveway for easy in and out access. Beautiful yard with mature landscaping. Large lot includes 2 parcels. Newer windows, plumbing and furnace. Irrigation water.

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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
Apple Valley Elementary School Primary Regular 338 22 9
West Valley Middle School Middle Regular 813 38 6
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 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
 

$283,410$346,390$314,900

PURCHASE PRICE

$1,265$1,546$1,405

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,405
EXPENSES Loan Payment -$1,162
Property Tax -$242
Property Insurance -$72
Property Management Fees -$109
CASH FLOW
-$180

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.

$314,900

PROJECTED PRICE

$1,405

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 6.22%
Maintenance Year (1-5) 8.00%
Vacancy 6.00%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,199

INVESTMENT

$89,199

Down Payment
$78,725
Rehab Estimate
$5,750
Closing Costs
$4,724

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,725
Loan Amount $236,175
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$5,865

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,405

    LIST RENT
  • $0.63

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$1,405
1$1,405
$1,405
RENT COMPS ANALYSIS
  • 7611 Tieton Dr Yakima,
    • 3 beds 2 baths ∙ 2,239 Sqft ∙ Built 1947 3 beds 2 baths ∙ 2,239 Sqft ∙ Built 1947
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,405
    • $0.63
    •  
PROPERTY LISTING DETAILS
Cami Leonard
1.509.949.2192
Keller Williams Yakima Valley
BESbswy