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903 E Norman Rd Yakima, WA 98901

5 Beds 4 Baths 3,346 sqft Built 1999

$525,000

List Price

$2,355

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $156.90
  • 2 Days on Market
  • MLS # : 20-2757
  • Updated Date : 12/11/2020 at 17:48
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,346 sqft
  • Baths : 3 full , 1 half
Listing Agent

Rent Ready Property Management Llc

Listing Agent's Description

Wonderful home in the East Valley is ready for an active family and/or the entertainer. Features a large kitchen, breakfast bar area, and dining area. Living room has a propane fireplace and wired speakers that stay. Large windows for the view from the living room brings lots of natural light. 2nd floor private master bedroom separate from the rest of the home, full bathroom with a garden tub, shower, and walk in closet 4 large bedrooms on the main floor, office area in the hallway, laundry room, plenty of closet space, and 2.5 baths on the main floor. 2nd floor above the bedrooms features a large landing area and recreation room already wired speakers. Pool table stays. Enjoy the view of Moxee and Yakima while sitting on the deck or in the hot tub. Large 2 car garage.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 98901

ZipNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180kPrice in $66k189k

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

Zip Code: 98901

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
East Valley High School High Regular 852 45 6

East Valley High School

  • Education Level: High
  • # of students: 852
  • # of teachers: 45
6
GreatSchools Rating
 

$472,500$577,500$525,000

PURCHASE PRICE

$2,120$2,591$2,355

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,355
EXPENSES Loan Payment -$1,937
Property Tax -$497
Property Insurance -$94
Property Management Fees -$139
CASH FLOW
-$311

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.

$525,000

PROJECTED PRICE

$2,355

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 4.9%
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-$5.0k$0.0$5.0k$10k

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$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,937

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$6,548

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,355

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$2,355
1$2,355
$2,355
RENT COMPS ANALYSIS
  • 903 E Norman Rd Yakima, WA
    • 5 beds 4 baths ∙ 3,346 Sqft ∙ Built 1999 5 beds 4 baths ∙ 3,346 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $2,355
    • $0.70
    •  
PROPERTY LISTING DETAILS
Dj Henn
1.509.823.1331
Rent Ready Property Management Llc
BESbswy