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8050 E Clarendon Avenue Scottsdale, AZ 85251

4 Beds 2 Baths 1,674 sqft Built 1957

$515,000

List Price

$2,390

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1957
  • Price/Sqft : $307.65
  • 2 Days on Market
  • MLS # : 6160303
  • Updated Date : 11/14/2020 at 13:34
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,674 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Location! Location! Location! This charming 4-bedroom 2-bath home is in the heart of old town Scottsdale. New AC and gas water heater. The main living areas of the home feature 18-inch tile throughout. All bedrooms are carpeted, and both bathrooms have a bathtub/shower combo. Indoor laundry room includes a dog door to secure your pets from the rest of the house. The spacious kitchen boasts light wood cabinets and a large island. Landscape is all on a timer system with an easy to maintain desert front yard and plenty of parking in the driveway for 3 cars. The backyard features a small grass area for little ones and dogs, as well as a massive covered patio that extends 2/3rds of the house. Work shed has ample storage with electricity.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Indian Bend

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $109k465k

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

Neighborhood: Indian Bend

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10182993

* 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
Pima Elementary School Primary Regular 565 34 8
Coronado High School High Regular 1,039 61 2

Pima Elementary School

  • Education Level: Primary
  • # of students: 565
  • # of teachers: 34
8
GreatSchools Rating

Coronado High School

  • Education Level: High
  • # of students: 1,039
  • # of teachers: 61
2
GreatSchools Rating
 

$463,500$566,500$515,000

PURCHASE PRICE

$2,151$2,629$2,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,390
EXPENSES Loan Payment -$1,900
Property Tax -$241
Property Insurance -$60
Property Management Fees -$99
CASH FLOW
$90

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.

$515,000

PROJECTED PRICE

$2,390

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.6%
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

PROJECTED ANNUAL CASH FLOW

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

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$142,225

INVESTMENT

$142,225

Down Payment
$128,750
Rehab Estimate
$5,750
Closing Costs
$7,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,900

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $128,750
Loan Amount $386,250
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$49,786

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
  • $2,390

    COMP ESTIMATED VALUE
  • $1.43

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1003$2,4004$2,4005$2,495
$2,495
RENT COMPS ANALYSIS
  • 8050 E Clarendon Avenue Scottsdale, AZ 1
    • 4 beds 2 baths ∙ 1,674 Sqft ∙ Built 1957 4 beds 2 baths ∙ 1,674 Sqft ∙ Built 1957
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8137 E Amelia Avenue Scottsdale, AZ 2
    • 4 beds 2 baths ∙ 1,669 Sqft ∙ Built 1958 4 beds 2 baths ∙ 1,669 Sqft ∙ Built 1958
    property image
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.26
    •  
  • 8001 E Whitton Avenue Scottsdale, AZ 3
    • 4 beds 2 baths ∙ 1,669 Sqft ∙ Built 1958 4 beds 2 baths ∙ 1,669 Sqft ∙ Built 1958
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.44
    •  
  • 8143 E Clarendon Avenue Scottsdale, AZ 4
    • 4 beds 2 baths ∙ 1,581 Sqft ∙ Built 1958 4 beds 2 baths ∙ 1,581 Sqft ∙ Built 1958
    property image
    LEASED 05/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.52
    •  
  • 8214 E Indianola Avenue Scottsdale, AZ 5
    • 4 beds 3 baths ∙ 1,674 Sqft ∙ Built 1958 4 beds 3 baths ∙ 1,674 Sqft ∙ Built 1958
    property image
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.49
    •  
PROPERTY LISTING DETAILS
Scott Anderson
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160303
Last Updated: 11/14/2020
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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