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7902 W Whatcom Ave Yakima, WA 98903

5 Beds 3 Baths 3,195 sqft Built 2018

$495,000

List Price

$1,677

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $154.93
  • 3 Days on Market
  • MLS # : 21-110
  • Updated Date : 01/16/2021 at 00:40
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,195 sqft
  • Baths : 2 full , 1 half
Listing Agent

Windermere Real Estate

Listing Agent's Description

Beautiful & big customized home with all the upgrades. Great kitchen with quartz countertops, island with eating bar and pantry open to the great room. Gas fireplace & slider to the back patio in the great room. Large formal dining + kitchen eating space. 1 bedroom with a walk-in closet on the main floor. Huge master retreat up has a soaking tub and walk-in closet. 3 more bedrooms and a full bath up as well. Family room up, great kids area. Underground sprinklers.

SEE MORE

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
 

$445,500$544,500$495,000

PURCHASE PRICE

$1,509$1,845$1,677

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,677
EXPENSES Loan Payment -$1,719
Property Tax -$395
Property Insurance -$91
Property Management Fees -$109
CASH FLOW
-$637

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.

$495,000

PROJECTED PRICE

$1,677

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 4.8%
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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$136,925

INVESTMENT

$136,925

Down Payment
$123,750
Rehab Estimate
$5,750
Closing Costs
$7,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,719

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $123,750
Loan Amount $371,250
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$46

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,677

    LIST RENT
  • $0.52

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$1,677
1$1,677
$1,677
RENT COMPS ANALYSIS
  • 7902 W Whatcom Ave Yakima, WA
    • 5 beds 3 baths ∙ 3,195 Sqft ∙ Built 2018 5 beds 3 baths ∙ 3,195 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,677
    • $0.52
    •  
PROPERTY LISTING DETAILS
Jo Ann Houfek
1.509.952.6380
Windermere Real Estate
BESbswy