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3519 E Clark Road Phoenix, AZ 85050

4 Beds 3 Baths 2,633 sqft Built 1994

$542,750

List Price

$2,750

$2.5K - $3K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $206.13
  • 3 Days on Market
  • MLS # : 6167036
  • Updated Date : 12/12/2020 at 20:38
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,633 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

The owners raised their family in this 4 bedroom, two story beauty and it's time to downsize. Owners completed the painting of the exterior on 12-1-2020.Extensive work will soon be completed on both the pool, Kool decking and the roof. (Check document tab for detailed estimates)It will be very difficult to find a nicer neighborhood with a QUIET INTERIOR LOT at these prices. You'll enjoy great access to both the 101 and 51, minutes away from shopping at Desert Ridge and Scottsdale. Minutes to the Mayo Clinic. Walk to Paradise Valley Comm. College, golf course and library.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Paradise Valley Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Paradise Valley Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9341981

* 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
Quail Run Elementary School Primary Regular 723 36 8
Quail Run Elementary School Middle Regular 723 36 8
Paradise Valley High School High Regular 1,806 99 5

Quail Run Elementary School

  • Education Level: Primary
  • # of students: 723
  • # of teachers: 36
8
GreatSchools Rating

Quail Run Elementary School

  • Education Level: Middle
  • # of students: 723
  • # of teachers: 36
8
GreatSchools Rating

Paradise Valley High School

  • Education Level: High
  • # of students: 1,806
  • # of teachers: 99
5
GreatSchools Rating
 

$488,475$597,025$542,750

PURCHASE PRICE

$2,475$3,025$2,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,750
EXPENSES Loan Payment -$2,003
Property Tax -$342
Property Insurance -$79
HOA -$11
Property Management Fees -$99
CASH FLOW
$218

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.

$542,750

PROJECTED PRICE

$2,750

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.5%
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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$149,579

INVESTMENT

$149,579

Down Payment
$135,688
Rehab Estimate
$5,750
Closing Costs
$8,141

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,003

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $135,688
Loan Amount $407,063
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$60,973

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,750

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $3,048

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,7503$2,8954$3,0005$3,200
$3,200
RENT COMPS ANALYSIS
  • 3519 E Clark Road Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,633 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,633 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.04
    •  
  • 3713 E Utopia Road Phoenix, AZ 1
    • 3 beds 2 baths ∙ 2,313 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,313 Sqft ∙ Built 2007
    property image
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.95
    •  
  • 4522 E Michigan Avenue Phoenix, AZ 3
    • 5 beds 3 baths ∙ 2,442 Sqft ∙ Built 1990 5 beds 3 baths ∙ 2,442 Sqft ∙ Built 1990
    property image
    LEASED 03/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $1.19
    •  
  • 3625 E Rosemonte Drive Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,370 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,370 Sqft ∙ Built 1989
    property image
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.27
    •  
  • 19407 N 36th Place Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,633 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,633 Sqft ∙ Built 1994
    property image
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.22
    •  
PROPERTY LISTING DETAILS
Mark Loprino
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167036
Last Updated: 12/12/2020
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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