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2202 W Glenrosa Avenue #8 Phoenix, AZ 85015

3 Beds 3 Baths 1,417 sqft Built 1983

$199,900

List Price

$1,120

$1K - $1.2K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $141.07
  • 2 Days on Market
  • MLS # : 6168207
  • Updated Date : 12/05/2020 at 12:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,417 sqft
  • Baths : 2 full , 1 half
Listing Agent

Culver Realty Llc

Listing Agent's Description

Come take a look at this roomy 3 bedroom, 2.5 bath townhouse with a small backyard!! Neutral tones and open layout featuring wood flooring and a stone accented fireplace in living room just right for lazy afternoons in the cooler months. Perfect size kitchen offers all matching white appliances that compliments the white cabinets and counter-tops. Beautiful master bedroom has his & her spacious closets that leads you to the full bath including tub/shower combination. There is an inside laundry for your convenience. Adorable backyard is a clean slate for all your landscaping ideas. Great location that is a few minutes away from downtown Phoenix and conveniently located near I-17. Make an offer today on this amazing townhome under $200k !

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sandalwood Square Condominiums

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $65k271k

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

Neighborhood: Sandalwood Square Condominiums

ZipNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8401567

* 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
Westwood Primary School Primary Regular 933 42 3
Simpson School Middle Regular 831 28 2
Central High School High Regular 2,251 136 3

Westwood Primary School

  • Education Level: Primary
  • # of students: 933
  • # of teachers: 42
3
GreatSchools Rating

Simpson School

  • Education Level: Middle
  • # of students: 831
  • # of teachers: 28
2
GreatSchools Rating

Central High School

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

$179,910$219,890$199,900

PURCHASE PRICE

$1,008$1,232$1,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,120
EXPENSES Loan Payment -$738
Property Tax -$110
Property Insurance -$55
HOA -$191
Property Management Fees -$99
CASH FLOW
-$72

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.

$199,900

PROJECTED PRICE

$1,120

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.4%
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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$58,724

INVESTMENT

$58,724

Down Payment
$49,975
Rehab Estimate
$5,750
Closing Costs
$2,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$738

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $49,975
Loan Amount $149,925
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$6,519

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
  • $1,251

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,1003$1,2954$1,3005$1,400
$1,400
RENT COMPS ANALYSIS
  • 2202 W Glenrosa Avenue #8 Phoenix, AZ 1
    • 3 beds 3 baths ∙ 1,417 Sqft ∙ Built 1983 3 beds 3 baths ∙ 1,417 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2379 W Hazelwood Street Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,302 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,302 Sqft ∙ Built 1965
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.84
    •  
  • 2544 W Campbell Avenue #27 Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,332 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,332 Sqft ∙ Built 1976
    LEASED 11/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.97
    •  
  • 4646 N 19th Avenue Phoenix, AZ 4
    • 3 beds 3 baths ∙ 1,608 Sqft ∙ Built 1967 3 beds 3 baths ∙ 1,608 Sqft ∙ Built 1967
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.81
    •  
  • 2045 W Elm Street Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,544 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,544 Sqft ∙ Built 1970
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.91
    •  
PROPERTY LISTING DETAILS
Rhonda Culver
Culver Realty Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6168207
Last Updated: 12/05/2020
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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