Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1226 E Clarendon Avenue Phoenix, AZ 85014

3 Beds 2 Baths 1,698 sqft Built 1951

$544,900

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1951
  • Price/Sqft : $320.91
  • 28 Days on Market
  • MLS # : 6168577
  • Updated Date : 01/02/2021 at 21:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,698 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

THIS IS THE BIGGEST ENTERTAINERS DELIGTH THAT YOU FIND!!!TOTAL REMODEL WITH NEW INTERIOR AND EXTERIOR PAINT.NEW FLOORS THOUGH OUT,NEW CELING FANS!!!KITCHEN WITH GRANITE COUNTER TOPS AND NEW APPLIANCES.ENCLOSED GAME ROOM WITH CELING FANS AND LARGE WINDOWS TO LIGHTEN IT UP AND OVER LOOKING THE POOL W/PARTY GAZEBO!!!!HOMES IS CENTRAL LOCATED.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Longview Circle

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $82k271k

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

Neighborhood: Longview Circle

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8621567

* 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
Longview Elementary School Primary Alternative 627 33 2
Osborn Middle School Middle Alternative 565 30 5
North High School High Regular 2,616 128 5

Longview Elementary School

  • Education Level: Primary
  • # of students: 627
  • # of teachers: 33
2
GreatSchools Rating

Osborn Middle School

  • Education Level: Middle
  • # of students: 565
  • # of teachers: 30
5
GreatSchools Rating

North High School

  • Education Level: High
  • # of students: 2,616
  • # of teachers: 128
5
GreatSchools Rating
 

$490,410$599,390$544,900

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$2,010
Property Tax -$287
Property Insurance -$60
Property Management Fees -$99
CASH FLOW
-$747

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$544,900

PROJECTED PRICE

$1,710

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$150,149

INVESTMENT

$150,149

Down Payment
$136,225
Rehab Estimate
$5,750
Closing Costs
$8,174

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,010

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $136,225
Loan Amount $408,675
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$305

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,021

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7953$1,9994$2,1505$2,250
$2,250
RENT COMPS ANALYSIS
  • 1226 E Clarendon Avenue Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,698 Sqft ∙ Built 1951 3 beds 2 baths ∙ 1,698 Sqft ∙ Built 1951
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 351 E Thomas Road #d101 Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1960
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.11
    •  
  • 1353 E Whitton Avenue Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1950
    LEASED 06/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,999
    • $1.23
    •  
  • 1636 E Whitton Avenue Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,748 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,748 Sqft ∙ Built 1950
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.23
    •  
  • 1355 E Weldon Avenue Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,884 Sqft ∙ Built 1946 3 beds 2 baths ∙ 1,884 Sqft ∙ Built 1946
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.19
    •  
PROPERTY LISTING DETAILS
Marco Da Silva
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6168577
Last Updated: 01/02/2021
support@investimateroi.com

Indicates a property listed by a real estate brokerage other than HomeUnion/Investimate by Mynd. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

BESbswy