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14335 W Clarendon Avenue Goodyear, AZ 85395

4 Beds 3 Baths 2,635 sqft Built 2001

$400,000

List Price

$2,120

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $151.80
  • 2 Days on Market
  • MLS # : 6174102
  • Updated Date : 12/26/2020 at 22:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,635 sqft
  • Baths : 3 full
Listing Agent

Mojica & Associates Real Estate

Listing Agent's Description

Fantastic opportunity to own this 4bed/3bath Goodyear home close to highly rated schools, a championship golf course, spring training MLB games, shopping, dining, & more. This gem features great curb appeal leading into the light and bright interior with wood flooring, modern fireplace in living and a spacious fluid floor plan. Eat in kitchen boasts stainless steel appliances, unique counter tops, a plethora of warm wood cabinetry and a center island with breakfast bar seating. Upstairs you will find a large loft, full of possibilities. Gorgeous master with doors to balcony and private en suite. Amazing outdoor entertaining space is complete with covered patio and sparking pool. One of two of the AC units is newer, a new water heater and new carpet throughout. Do not miss out! See it today

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Wigwam

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Wigwam

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10341981

* 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
Litchfield Elementary School Primary Regular 820 37 8
Litchfield Elementary School Middle Regular 820 37 8
Millennium High School High Regular 2,205 94 4

Litchfield Elementary School

  • Education Level: Primary
  • # of students: 820
  • # of teachers: 37
8
GreatSchools Rating

Litchfield Elementary School

  • Education Level: Middle
  • # of students: 820
  • # of teachers: 37
8
GreatSchools Rating

Millennium High School

  • Education Level: High
  • # of students: 2,205
  • # of teachers: 94
4
GreatSchools Rating
 

$360,000$440,000$400,000

PURCHASE PRICE

$1,908$2,332$2,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,120
EXPENSES Loan Payment -$1,476
Property Tax -$286
Property Insurance -$79
HOA -$44
Property Management Fees -$99
CASH FLOW
$137

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.

$400,000

PROJECTED PRICE

$2,120

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 8.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,750

INVESTMENT

$111,750

Down Payment
$100,000
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $100,000
Loan Amount $300,000
See What Happens When You Reinvest Cash Flow

7.17

YEARS SAVED

$40,540

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,120

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,325

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$2,120
1$2,1202$2,2953$2,3504$2,4005$2,500
$2,500
RENT COMPS ANALYSIS
  • 14335 W Clarendon Avenue Goodyear, AZ 1
    • 4 beds 3 baths ∙ 2,635 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,635 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,120
    • $0.80
    •  
  • 14454 W Verde Lane W Goodyear, AZ 2
    • 4 beds 3 baths ∙ 2,529 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,529 Sqft ∙ Built 1999
    property image
    LEASED 11/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.91
    •  
  • 951 W Orchard Lane Litchfield Park, AZ 3
    • 4 beds 4 baths ∙ 2,927 Sqft ∙ Built 2005 4 beds 4 baths ∙ 2,927 Sqft ∙ Built 2005
    property image
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.80
    •  
  • 2716 N 143rd Drive Goodyear, AZ 4
    • 4 beds 3 baths ∙ 2,695 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,695 Sqft ∙ Built 2005
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.89
    •  
  • 14598 W Windsor Avenue Goodyear, AZ 5
    • 4 beds 3 baths ∙ 2,680 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,680 Sqft ∙ Built 2002
    property image
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.93
    •  
PROPERTY LISTING DETAILS
Juan Mojica
Mojica & Associates Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174102
Last Updated: 12/26/2020
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.

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