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808 S 88th Ave Yakima, WA 98908

3 Beds 2 Baths 1,454 sqft Built 2006

$305,000

List Price

$1,714

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $209.77
  • 4 Days on Market
  • MLS # : 21-437
  • Updated Date : 03/06/2021 at 00:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,454 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathaway Homeservices Central Washington Real Estate

Listing Agent's Description

Home Sweet Home! Well maintained and cared for common wall home in desirable Cottonwood Grove neighborhood features large corner lot with partially fenced yard. Inside you'll find vaulted ceilings and open living space that flows into the well designed kitchen and dining area. The 3rd bedroom with french doors can also function beautifully as a home office or separate sitting room. Contact your favorite Realtor and come see this one today!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 98908

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $78k241k

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

Zip Code: 98908

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 Junior High School Middle Regular 843 38 NA
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 Junior High School

  • Education Level: Middle
  • # of students: 843
  • # of teachers: 38
NA
GreatSchools Rating

West Valley High School

  • Education Level: High
  • # of students: 1,040
  • # of teachers: 44
6
GreatSchools Rating
 

$274,500$335,500$305,000

PURCHASE PRICE

$1,543$1,885$1,714

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,714
EXPENSES Loan Payment -$1,059
Property Tax -$234
Property Insurance -$56
Property Management Fees -$109
CASH FLOW
$255

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.

$305,000

PROJECTED PRICE

$1,714

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 6.2%
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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$86,575

INVESTMENT

$86,575

Down Payment
$76,250
Rehab Estimate
$5,750
Closing Costs
$4,575

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,059

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $76,250
Loan Amount $228,750
See What Happens When You Reinvest Cash Flow

9.08

YEARS SAVED

$38,819

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,714

    LIST RENT
  • $1.18

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$1,714
1$1,714
$1,714
RENT COMPS ANALYSIS
  • 808 S 88th Ave Yakima, WA
    • 3 beds 2 baths ∙ 1,454 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,454 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,714
    • $1.18
    •  
PROPERTY LISTING DETAILS
Kelly Lorton
1.509.480.0505
Berkshire Hathaway Homeservices Central Washington Real Estate
1.866.250.5610
Yakima Associal of Realtors ( YAR)
MLS #: 21-437
Last Updated: 03/06/2021
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