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2539 E Glenrosa Avenue Phoenix, AZ 85016

4 Beds 3 Baths 1,971 sqft Built 1950

$619,999

List Price

$2,180

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1950
  • Price/Sqft : $314.56
  • 2 Days on Market
  • MLS # : 6263542
  • Updated Date : 07/12/2021 at 22:57
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,971 sqft
  • Baths : 3 full
Listing Agent

Delex Realty

Listing Agent's Description

Welcome to the highly sought after Hoffman Estate neighborhood! Newly renovated home on a large and bright street, featuring 4 bedrooms and 3 baths with a Jack and Jill bathroom in between 2 bedrooms. The entire home is newly painted, new engineered hardwood flooring installed in master bedroom, new light fixtures throughout. Spacious master bedroom feature separated shower and tub with a spacious walk-in closet. Tile and hardwood flooring throughout. Open floor plan with plenty of natural light. Huge backyard awaiting a sparkling pool or whatever one's imagination permits. One car garage attached with exposed brick wall awaiting a man-cave set up. Bring the wife, bring the kids and check this one out!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Hoffman Terrace

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $83k352k

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

Neighborhood: Hoffman Terrace

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8621754

* 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
Madison Camelview Elementary School Primary Regular 689 33 4
Camelback High School High Regular 2,048 110 4
Phoenix Coding Academy High Regular NA

Madison Camelview Elementary School

  • Education Level: Primary
  • # of students: 689
  • # of teachers: 33
4
GreatSchools Rating

Camelback High School

  • Education Level: High
  • # of students: 2,048
  • # of teachers: 110
4
GreatSchools Rating

Phoenix Coding Academy

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$557,999$681,999$619,999

PURCHASE PRICE

$1,962$2,398$2,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,180
EXPENSES Loan Payment -$2,153
Property Tax -$487
Property Insurance -$66
Property Management Fees -$99
CASH FLOW
-$625

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.

$619,999

PROJECTED PRICE

$2,180

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 4.0%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

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$170,050

INVESTMENT

$170,050

Down Payment
$155,000
Rehab Estimate
$5,750
Closing Costs
$9,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,153

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $155,000
Loan Amount $464,999
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,829

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,180

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $2,355

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$2,0003$2,1804$2,6005$3,000
$3,000
RENT COMPS ANALYSIS
  • 2539 E Glenrosa Avenue Phoenix, AZ 3
    • 4 beds 3 baths ∙ 1,971 Sqft ∙ Built 1950 4 beds 3 baths ∙ 1,971 Sqft ∙ Built 1950
    • Rent
    • Rent Per SQFT
    •  
    • $2,180
    • $1.11
    •  
  • 2539 E Roma Avenue Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,902 Sqft ∙ Built 1951 3 beds 2 baths ∙ 1,902 Sqft ∙ Built 1951
    LEASED 07/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.00
    •  
  • 2215 E Heatherbrae Drive Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,734 Sqft ∙ Built 1949 3 beds 2 baths ∙ 1,734 Sqft ∙ Built 1949
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.15
    •  
  • 3037 E Sells Drive Phoenix, AZ 4
    • 3 beds 2 baths ∙ 2,093 Sqft ∙ Built 1952 3 beds 2 baths ∙ 2,093 Sqft ∙ Built 1952
    LEASED 11/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.24
    •  
  • 1935 E Coolidge Street Phoenix, AZ 5
    • 3 beds 2 baths ∙ 2,162 Sqft ∙ Built 1955 3 beds 2 baths ∙ 2,162 Sqft ∙ Built 1955
    LEASED 12/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.39
    •  
PROPERTY LISTING DETAILS
Huy K Lephan
Delex Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6263542
Last Updated: 07/12/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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