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4344 E Clarendon Avenue Phoenix, AZ 85018

4 Beds 3 Baths 2,167 sqft Built 1958

$850,000

List Price

$2,660

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1958
  • Price/Sqft : $392.25
  • 8 Days on Market
  • MLS # : 6194358
  • Updated Date : 02/14/2021 at 21:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,167 sqft
  • Baths : 3 full
Listing Agent

Breakthrough Real Estate & Property Management

Listing Agent's Description

4-bedroom 3-bathroom home just south of the Biltmore District. Location, Location, Location!!! This hard-to-find home has many potential uses. With a Hospice of the Valley campus being built across the street, this could be a prime location for a bed and breakfast, Airbnb, group home, even your home! It is easy to enjoy this hard-to-find 4-bedroom 3-bathroom home just south of the Biltmore District is located on a spacious lot (15,198 Sq Ft) with a private pool in the Lynda Manor neighborhood. The kitchen features Granite Counter tops and in the bath, marble counter tops. This irrigated lot boasts several fruit trees. This is NO particle board in this house, it's all green! Students in this home are serviced by Tavan Elementary, Ingleside Elementary and Arcadia High Schools.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Lynda Manor

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450k500k550kPrice in $91k590k

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

Neighborhood: Lynda Manor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000210022002300Rent in $9342373

* 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
Tavan Elementary School Primary Regular 718 43 5
Ingleside Middle School Middle Regular 772 33 7
Arcadia High School High Regular 1,731 72 5

Tavan Elementary School

  • Education Level: Primary
  • # of students: 718
  • # of teachers: 43
5
GreatSchools Rating

Ingleside Middle School

  • Education Level: Middle
  • # of students: 772
  • # of teachers: 33
7
GreatSchools Rating

Arcadia High School

  • Education Level: High
  • # of students: 1,731
  • # of teachers: 72
5
GreatSchools Rating
 

$765,000$935,000$850,000

PURCHASE PRICE

$2,394$2,926$2,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,660
EXPENSES Loan Payment -$2,952
Property Tax -$423
Property Insurance -$69
Property Management Fees -$99
CASH FLOW
-$883

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.

$850,000

PROJECTED PRICE

$2,660

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$231,000

INVESTMENT

$231,000

Down Payment
$212,500
Rehab Estimate
$5,750
Closing Costs
$12,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,952

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $212,500
Loan Amount $637,500
See What Happens When You Reinvest Cash Flow

0.83

YEARS SAVED

$2,935

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
  • $2,898

    COMP ESTIMATED VALUE
  • $1.34

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,3453$2,8004$3,0005$3,000
$3,000
RENT COMPS ANALYSIS
  • 4344 E Clarendon Avenue Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,167 Sqft ∙ Built 1958 4 beds 3 baths ∙ 2,167 Sqft ∙ Built 1958
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4437 E Clarendon Avenue Phoenix, AZ 2
    • 3 beds 2 baths ∙ 2,303 Sqft ∙ Built 1955 3 beds 2 baths ∙ 2,303 Sqft ∙ Built 1955
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,345
    • $1.02
    •  
  • 4652 E Earll Drive Phoenix, AZ 3
    • 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 1970 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 1970
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.40
    •  
  • 3434 N 47th Way Phoenix, AZ 4
    • 3 beds 2 baths ∙ 2,003 Sqft ∙ Built 1963 3 beds 2 baths ∙ 2,003 Sqft ∙ Built 1963
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.50
    •  
  • 4130 N 47th Street Phoenix, AZ 5
    • 3 beds 2 baths ∙ 2,097 Sqft ∙ Built 1952 3 beds 2 baths ∙ 2,097 Sqft ∙ Built 1952
    LEASED 02/13/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.43
    •  
PROPERTY LISTING DETAILS
Michael Nicolai
Breakthrough Real Estate & Property Management
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6194358
Last Updated: 02/14/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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