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770 Dixie Dr 
Selah, WA
98942
4 Beds 3 Baths 2,500 sqft
Built 2005
INVESTimate
$499,900
List Price
$138,224
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PROPERTY INFO
FACTS
- Built In 2005
- Price/Sqft : $199.96
- 3 Days on Market
- MLS # : 20-1827
- Updated Date : 08/25/2020 at 12:57
CONSTRUCTION
- Beds : 4
- Floor Size : 2,500 sqft
- Baths : 2 full , 1 half
Listing Agent
Clark Jennings & Associates, Inc
Listing Agent's Description
Upscale, quiet Selah neighborhood w/ the perfect mix of privacy and views! This 4bd/2.5ba, plus office &3 car gar. home is at the top of a sought after cul-de-sac. Open concept kitchen, dining and family rooms. Beautiful river rock gas fireplace and kitchen island. Spacious master w/ soaking tub, large tile shower and huge walk-in closet. Interior and exterior surround-sound stays as well as all appliances. Park-like yard with well planned landscaping, covered patio and yard lights. All on .94 of an acre. Easy walk to park and schools. Can't beat this neighborhood!
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PRICE & RENT TRENDS
Zip Code: 98942
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 98942
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,846 |
| EXPENSES | Loan Payment | -$1,844 |
| Property Tax | -$394 | |
| Property Insurance | -$77 | |
| Property Management Fees | -$109 | |
|
CASH FLOW
-$578
|
||
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.
$499,900
PROJECTED PRICE
$1,846
PROJECTED RENT
0.37%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.50% |
| Appreciation Year (1-5) | 5.66% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.00% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$138,224
LOAN DETAILS
$1,844
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $124,975 |
| Loan Amount | $374,925 |
0.25
YEARS SAVED
$281
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,846
LIST RENT -
$0.74
LIST RENT PER SQFT
-
COMP ESTIMATED VALUE -
COMP AVG. RENT PER SQFT
Comps Range
-
770 Dixie Dr Selah,
- 4 beds 3 baths ∙ 2,500 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,500 Sqft ∙ Built 2005
- Rent
- Rent Per SQFT
- $1,846
- $0.74
PROPERTY LISTING DETAILS
1.509.961.3056
Clark Jennings & Associates, Inc
