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7905 W Washington Ave Yakima, WA 98903

3 Beds 3 Baths 1,826 sqft Built 2017

$415,000

List Price

$1,701

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 2017
  • Price/Sqft : $227.27
  • 4 Days on Market
  • MLS # : 20-2507
  • Updated Date : 11/07/2020 at 19:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,826 sqft
  • Baths : 3 full
Listing Agent

John L Scott Yakima

Listing Agent's Description

Meticulously maintained 1,826 square foot single-level West Valley home features several upgrades and an open-concept design. Professional landscaping welcomes you as you walk up to the front door and step inside where you will observe natural light pouring into a large living room, a beautiful kitchen with bar-style seating, and a pantry. The home continues with wood plank flooring, three bedrooms, and three bathrooms, including a master suite with a spacious walk-in closet and bathroom, and a junior suite with bathroom and walk-in closet as well. The backyard of the home is an oasis itself as there is an oversized deck to observe territorial views, an outdoor entertainment/seating area along with a gazebo, a newer Shannon's Hot Spring spa, and garden areas with drip systems...

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
 

$373,500$456,500$415,000

PURCHASE PRICE

$1,531$1,871$1,701

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,701
EXPENSES Loan Payment -$1,531
Property Tax -$319
Property Insurance -$63
Property Management Fees -$109
CASH FLOW
-$321

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.

$415,000

PROJECTED PRICE

$1,701

PROJECTED RENT

0.41%

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

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,531

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$3,126

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,701

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$1,701
1$1,701
$1,701
RENT COMPS ANALYSIS
  • 7905 W Washington Ave Yakima, WA
    • 3 beds 3 baths ∙ 1,826 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,826 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,701
    • $0.93
    •  
PROPERTY LISTING DETAILS
Chris Thorn
1.509.952.7788
John L Scott Yakima
BESbswy