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8320 E Clarendon Avenue Scottsdale, AZ 85251

3 Beds 2 Baths 1,816 sqft Built 1958

$630,000

List Price

$2,530

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 15, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1958
  • Price/Sqft : $346.92
  • 1 Days on Market
  • MLS # : 6160776
  • Updated Date : 11/14/2020 at 22:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,816 sqft
  • Baths : 2 full
Listing Agent

American Realty Brokers

Listing Agent's Description

Meticulous and artistic home in an ideal area of Scottsdale. Subtle and tasteful integrated art accents throughout this lovely home. The kitchen is recently remodeled with brand new light colored quartz countertops. The incredible surprise is the recessed, backyard ''grotto''. This magical hideaway is ideal for relaxing, dining or just some peace by the outdoor fireplace. The 2 car garage is heated and cooled, drywalled and the floor epoxied. Use this space for a media room, play room or garage. Close to amenities of the Indian Bend Greenbelt, Old Town Scottsdale Museums, Civic Center, Restaurants, shopping, ASU, Freeways to everywhere. This home has been carefully and thoughtfully refined by the owner of 28 years. Don't miss the ceiling in the great room

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
 

$567,000$693,000$630,000

PURCHASE PRICE

$2,277$2,783$2,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,530
EXPENSES Loan Payment -$2,324
Property Tax -$295
Property Insurance -$63
Property Management Fees -$99
CASH FLOW
-$251

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.

$630,000

PROJECTED PRICE

$2,530

PROJECTED RENT

0.40%

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$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$172,700

INVESTMENT

$172,700

Down Payment
$157,500
Rehab Estimate
$5,750
Closing Costs
$9,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,324

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $157,500
Loan Amount $472,500
See What Happens When You Reinvest Cash Flow

3.83

YEARS SAVED

$26,289

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,530

    LIST RENT
  • $1.39

    LIST RENT PER SQFT
  • $2,529

    COMP ESTIMATED VALUE
  • $1.39

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2953$2,3004$2,5305$3,000
$3,000
RENT COMPS ANALYSIS
  • 8320 E Clarendon Avenue Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,816 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,816 Sqft ∙ Built 1958
    • Rent
    • Rent Per SQFT
    •  
    • $2,530
    • $1.39
    •  
  • 8315 E Devonshire Avenue Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,666 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,666 Sqft ∙ Built 1959
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.32
    •  
  • 8044 E Indianola Avenue Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,808 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,808 Sqft ∙ Built 1957
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.27
    •  
  • 8114 E Columbus Avenue Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,726 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,726 Sqft ∙ Built 1958
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.33
    •  
  • 8114 E Fairmount Avenue Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 1,821 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,821 Sqft ∙ Built 1958
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.65
    •  
PROPERTY LISTING DETAILS
Mary S Clark
American Realty Brokers
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160776
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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