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770 Dixie Dr Selah, WA 98942

4 Beds 3 Baths 2,500 sqft Built 2005

INVESTimate

$499,900

List Price

$1,846

$1,661 - $2,031

Rent Est.

$528,194  ( +5.66%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
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

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $78k225k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 98942

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
John Campbell Elementary School Primary Regular 645 44 NA
Selah Intermediate School Middle Regular 794 44 NA
Selah High School High Regular 1,029 44 7

John Campbell Elementary School

  • Education Level: Primary
  • # of students: 645
  • # of teachers: 44
NA
GreatSchools Rating

Selah Intermediate School

  • Education Level: Middle
  • # of students: 794
  • # of teachers: 44
NA
GreatSchools Rating

Selah High School

  • Education Level: High
  • # of students: 1,029
  • # of teachers: 44
7
GreatSchools Rating
 

$449,910$549,890$499,900

PURCHASE PRICE

$1,661$2,031$1,846

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

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

ASSUMPTIONS

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

TOTAL OUT OFPOCKET$138,224

INVESTMENT

$138,224

Down Payment
$124,975
Rehab Estimate
$5,750
Closing Costs
$7,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,844

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $124,975
Loan Amount $374,925
See What Happens When You Reinvest Cash Flow

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
$1,846
1$1,846
$1,846
RENT COMPS ANALYSIS
  • 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
Katy Ruark
1.509.961.3056
Clark Jennings & Associates, Inc
BESbswy