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14671 W Clarendon Avenue Goodyear, AZ 85395

4 Beds 3 Baths 2,500 sqft Built 2001

$415,000

List Price

$2,120

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

December 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $166.00
  • 7 Days on Market
  • MLS # : 6174312
  • Updated Date : 12/29/2020 at 10:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,500 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

SHOWINGS START 1/5/21. Beautiful highly upgraded home within easy walk to Millennium High and Western Sky schools. Upgraded chef's kitchen with gas stove, granite countertops and tile backsplash. Spacious loft/office overlooks 1st floor. Kit has tons of cabinets plus pantry. Very large owner's suite with HUGE closet! Upgraded 1/2 bath w/granite. Upgraded LED lighting and ceiling fans throughout. Home pre-wired with CAT6. Spacious yard with large ficus trees. Extended patio w/ professional misting system and surround sound. Salt pool installed 2019 features energy efficient variable speed pump, pebble finish & opposing travertine patios to maximize shade. Backyard gate accesses green belt with walking trail. Front yard newly xeriscaped in August. LED landscape lighting.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Palm Valley

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $122k369k

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

Neighborhood: Palm Valley

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10451981

* 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
 

$373,500$456,500$415,000

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 -$1,531
Property Tax -$348
Property Insurance -$76
HOA -$20
Property Management Fees -$99
CASH FLOW
$47

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.

$415,000

PROJECTED PRICE

$2,120

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.2%
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

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$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,531

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$31,700

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
  • $0.85

    LIST RENT PER SQFT
  • $2,288

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$2,1203$2,2954$2,3505$2,600
$2,600
RENT COMPS ANALYSIS
  • 14671 W Clarendon Avenue Goodyear, AZ 2
    • 4 beds 3 baths ∙ 2,500 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,500 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,120
    • $0.85
    •  
  • 14791 W Edgemont Avenue Goodyear, AZ 1
    • 3 beds 2 baths ∙ 2,309 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,309 Sqft ∙ Built 2005
    property image
    LEASED 12/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.80
    •  
  • 14454 W Verde Lane W Goodyear, AZ 3
    • 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
    •  
  • 14832 W Luna Drive S Litchfield Park, AZ 4
    • 3 beds 3 baths ∙ 2,392 Sqft ∙ Built 2011 3 beds 3 baths ∙ 2,392 Sqft ∙ Built 2011
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.98
    •  
  • 14817 W Hillside Street Goodyear, AZ 5
    • 4 beds 3 baths ∙ 2,680 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,680 Sqft ∙ Built 2001
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.97
    •  
PROPERTY LISTING DETAILS
Michelle Lee Watson
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174312
Last Updated: 12/29/2020
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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