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903 S 17th Ave Yakima, WA 98902

3 Beds 1 Baths 1,789 sqft Built 1925

$211,000

List Price

$1,071

$963.9 - $1.2K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1925
  • Price/Sqft : $117.94
  • 4 Days on Market
  • MLS # : 21-180
  • Updated Date : 01/29/2021 at 03:58
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,789 sqft
  • Baths : 1 full
Listing Agent

Keller Williams Yakima Valley

Listing Agent's Description

Investment property with lots of potential in a desirable neighborhood near Yakima Valley College. This bungalo features two bedrooms upstairs, with a third nonconforming bedroom and additional living space downstairs. Alley access with rear off-street parking.

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PRICE & RENT TRENDS

Zip Code: 98902

ZipNIR Market*CityMarket2010Year2000201980k90k100k110k120k130k140k150k160k170k180kPrice in $74k189k

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

Zip Code: 98902

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
Mckinley Elementary School Primary Regular 447 29 1
Franklin Middle School Middle Regular 869 42 5
A.c. Davis High School High Regular 2,099 97 2

Mckinley Elementary School

  • Education Level: Primary
  • # of students: 447
  • # of teachers: 29
1
GreatSchools Rating

Franklin Middle School

  • Education Level: Middle
  • # of students: 869
  • # of teachers: 42
5
GreatSchools Rating

A.c. Davis High School

  • Education Level: High
  • # of students: 2,099
  • # of teachers: 97
2
GreatSchools Rating
 

$189,900$232,100$211,000

PURCHASE PRICE

$964$1,178$1,071

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,071
EXPENSES Loan Payment -$733
Property Tax -$164
Property Insurance -$63
Property Management Fees -$109
CASH FLOW
$2

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.

$211,000

PROJECTED PRICE

$1,071

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 6.6%
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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$61,665

INVESTMENT

$61,665

Down Payment
$52,750
Rehab Estimate
$5,750
Closing Costs
$3,165

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$733

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $52,750
Loan Amount $158,250
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$10,617

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,071

    LIST RENT
  • $0.6

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$1,071
1$1,071
$1,071
RENT COMPS ANALYSIS
  • 903 S 17th Ave Yakima, WA
    • 3 beds 1 baths ∙ 1,789 Sqft ∙ Built 1925 3 beds 1 baths ∙ 1,789 Sqft ∙ Built 1925
    • Rent
    • Rent Per SQFT
    •  
    • $1,071
    • $0.60
    •  
PROPERTY LISTING DETAILS
Philip Ferolito
1.509.941.3099
Keller Williams Yakima Valley
BESbswy