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1119 W Glenrosa Avenue Phoenix, AZ 85013

3 Beds 1 Baths 1,000 sqft Built 1947

$365,000

List Price

$1,130

$1K - $1.2K

Rent Est.

PROPERTY INFO

January 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1947
  • Price/Sqft : $365.00
  • 5 Days on Market
  • MLS # : 6177523
  • Updated Date : 01/13/2021 at 22:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,000 sqft
  • Baths : 1 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

This charming 3 bedroom, 1 bath home sits in the historic vibrant cottage community of the Woodlea-Melrose district in the central corridor of Phoenix. Its tight-knit community hosts several community events throughout the year. It is located within walking distance from some of the best family owned bars & restaurants like Melrose Kitchen, Stacy's at Melrose, The Rock, and so much more. This home has gone through a complete renovation providing modern day efficiency while embracing it's vintage charm. New features include: New Roof including full covered patio, tankless water heater, windows, interior paint & flooring, plumbing fixtures, ceiling fans, interior & exterior doors, pavers at front porch and back patio.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Woodlea

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $83k321k

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

Neighborhood: Woodlea

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8621567

* 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
Clarendon School Primary Regular 440 25 3
Osborn Middle School Middle Alternative 565 30 5
Central High School High Regular 2,251 136 3

Clarendon School

  • Education Level: Primary
  • # of students: 440
  • # of teachers: 25
3
GreatSchools Rating

Osborn Middle School

  • Education Level: Middle
  • # of students: 565
  • # of teachers: 30
5
GreatSchools Rating

Central High School

  • Education Level: High
  • # of students: 2,251
  • # of teachers: 136
3
GreatSchools Rating
 

$328,500$401,500$365,000

PURCHASE PRICE

$1,017$1,243$1,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,130
EXPENSES Loan Payment -$1,268
Property Tax -$235
Property Insurance -$47
Property Management Fees -$99
CASH FLOW
-$518

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.

$365,000

PROJECTED PRICE

$1,130

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,268

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$57

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,130

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $1,203

    COMP ESTIMATED VALUE
  • $1.2

    COMP AVG. RENT PER SQFT
Comps Range
$1,130
1$1,1302$1,4003$1,4504$1,4955$1,499
$1,499
RENT COMPS ANALYSIS
  • 1119 W Glenrosa Avenue Phoenix, AZ 1
    • 3 beds 1 baths ∙ 1,000 Sqft ∙ Built 1947 3 beds 1 baths ∙ 1,000 Sqft ∙ Built 1947
    • Rent
    • Rent Per SQFT
    •  
    • $1,130
    • $1.13
    •  
  • 208 W Glenrosa Avenue Phoenix, AZ 2
    • 3 beds 1 baths ∙ 1,255 Sqft ∙ Built 1949 3 beds 1 baths ∙ 1,255 Sqft ∙ Built 1949
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.12
    •  
  • 3845 N 12th Avenue Phoenix, AZ 3
    • 3 beds 1 baths ∙ 1,143 Sqft ∙ Built 1947 3 beds 1 baths ∙ 1,143 Sqft ∙ Built 1947
    LEASED 11/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.27
    •  
  • 4210 N 18th Drive Phoenix, AZ 4
    • 3 beds 1 baths ∙ 1,176 Sqft ∙ Built 1946 3 beds 1 baths ∙ 1,176 Sqft ∙ Built 1946
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.27
    •  
  • 4537 N 15th Avenue Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,299 Sqft ∙ Built 1952 3 beds 2 baths ∙ 1,299 Sqft ∙ Built 1952
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $1.15
    •  
PROPERTY LISTING DETAILS
Cindy Herrera
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6177523
Last Updated: 01/13/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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