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8320 E Clarendon Avenue Scottsdale, AZ 85251

3 Beds 2 Baths 1,416 sqft Built 1958

$575,000

List Price

$2,220

$2K - $2.4K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1958
  • Price/Sqft : $406.07
  • 4 Days on Market
  • MLS # : 6172809
  • Updated Date : 12/31/2020 at 18:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,416 sqft
  • Baths : 2 full
Listing Agent

Hague Partners

Listing Agent's Description

Amazing Scottsdale home in immaculate condition!! This is one of those that makes you say wow!! Beautiful curb appeal with three mature trees. Seller has upgraded this home with stone floors, white quartz-like counters, professionally remodeled bathroom and more! The great room floor plan leads to a true sanctuary backyard with customized desert canyon stone courtyard with a real log burning fireplace and an elevated seating area, all under a massive private mesquite tree with custom water fountain, what a great place to unwind your day! The 2 car garage will make anyone proud with epoxy floors, in ceiling speakers, water proof baseboards, a workshop, and pull down storage. This will sell quickly, be ready to buy!!

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
 

$517,500$632,500$575,000

PURCHASE PRICE

$1,998$2,442$2,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,220
EXPENSES Loan Payment -$2,122
Property Tax -$269
Property Insurance -$55
Property Management Fees -$99
CASH FLOW
-$324

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.

$575,000

PROJECTED PRICE

$2,220

PROJECTED RENT

0.39%

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-$5.0k$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$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$158,125

INVESTMENT

$158,125

Down Payment
$143,750
Rehab Estimate
$5,750
Closing Costs
$8,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,122

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $143,750
Loan Amount $431,250
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$17,201

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,220

    LIST RENT
  • $1.57

    LIST RENT PER SQFT
  • $2,216

    COMP ESTIMATED VALUE
  • $1.57

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$2,2203$2,2504$2,2505$2,575
$2,575
RENT COMPS ANALYSIS
  • 8320 E Clarendon Avenue Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1958
    • Rent
    • Rent Per SQFT
    •  
    • $2,220
    • $1.57
    •  
  • 3940 N Granite Reef Road Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,372 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,372 Sqft ∙ Built 1969
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.38
    •  
  • 3714 N Granite Reef Road Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1958
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.59
    •  
  • 8350 E Indianola Avenue Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1958
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.59
    •  
  • 8207 E Indianola Avenue Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 1,516 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,516 Sqft ∙ Built 1958
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,575
    • $1.70
    •  
PROPERTY LISTING DETAILS
David B Rucker
Hague Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6172809
Last Updated: 12/31/2020
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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