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7902 W Washington Ave Yakima, WA 98903

4 Beds 2 Baths 2,558 sqft Built 2015

INVESTimate

$430,000

List Price

$1,856

$1,670 - $2,042

Rent Est.

$450,855  ( +4.85%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2015
  • Price/Sqft : $168.10
  • 7 Days on Market
  • MLS # : 20-1798
  • Updated Date : 08/20/2020 at 13:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,558 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Yakima Valley

Listing Agent's Description

Beautiful home in a highly desirable area. As you walk in you will notice the high ceilings throughout the home. High end finishes throughout make this one a stunner! Split floor plan with a master retreat on one side and the other bedrooms on the opposite side for optimal privacy. The bonus room above the garage would make a great playroom or hangout area to watch movies. Outdoors you will find a sizable covered patio with gas hookups for you to bring your grill and even enjoy views from the top level of the terraced back yard. This is a great place to call home!

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PRICE & RENT TRENDS

Zip Code: 98903

ZipNIR Market*CityMarket2010Year2000201980k90k100k110k120k130k140k150k160k170k180kPrice in $70k189k

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

Zip Code: 98903

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
 

$387,000$473,000$430,000

PURCHASE PRICE

$1,670$2,042$1,856

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,856
EXPENSES Loan Payment -$1,587
Property Tax -$353
Property Insurance -$78
Property Management Fees -$110
CASH FLOW
-$271

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.

$430,000

PROJECTED PRICE

$1,856

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 4.85%
Maintenance Year (1-5) 8.00%
Vacancy 6.00%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,700

INVESTMENT

$119,700

Down Payment
$107,500
Rehab Estimate
$5,750
Closing Costs
$6,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,587

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $107,500
Loan Amount $322,500
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$5,052

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,856

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$1,856
1$1,856
$1,856
RENT COMPS ANALYSIS
  • 7902 W Washington Ave Yakima,
    • 4 beds 2 baths ∙ 2,558 Sqft ∙ Built 2015 4 beds 2 baths ∙ 2,558 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $1,856
    • $0.73
    •  
PROPERTY LISTING DETAILS
Lanette Headley
1.509.945.1411
Keller Williams Yakima Valley
BESbswy