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3524 E Glenrosa Avenue Phoenix, AZ 85018

3 Beds 2 Baths 1,872 sqft Built 1955

$695,000

List Price

$2,390

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1955
  • Price/Sqft : $371.26
  • 2 Days on Market
  • MLS # : 6203443
  • Updated Date : 03/06/2021 at 19:38
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,872 sqft
  • Baths : 2 full
Listing Agent

American Realty Brokers

Listing Agent's Description

Location and no HOA! Surrounded by million $ homes, this property is perfect for personal home buyers and investors alike. Grow your own food in the separate greenhouse/garden, and enjoy cooking in the spacious kitchen with its new appliances, including double ovens and a gas cooktop. Two living areas off kitchen include a cozy, brick fireplace and make this home great for entertaining. Master suite has 2 walk-in closets, large bathroom with dual sinks, and separate exit to back patio. The expansive 2nd bathroom has plenty of counter and storage space. Carport in front has separate locking storage room, and the 2-car carport in back has locking entrance gate and a large shop attached - perfect for all your hobbies. Close to unique restaurants/shopping, Biltmore/Camelback Corridor and

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Pasadena Manor

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k484k

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

Neighborhood: Pasadena Manor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9342125

* 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
Camelback High School High Regular 2,048 110 4
Phoenix Coding Academy High Unknown NA
Phoenix Coding Academy High Regular NA

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

Phoenix Coding Academy

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

$625,500$764,500$695,000

PURCHASE PRICE

$2,151$2,629$2,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,390
EXPENSES Loan Payment -$2,414
Property Tax -$441
Property Insurance -$64
Property Management Fees -$99
CASH FLOW
-$627

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.

$695,000

PROJECTED PRICE

$2,390

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.5%
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-$10k-$5.0k$0.0$5.0k$10k$15k

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$189,925

INVESTMENT

$189,925

Down Payment
$173,750
Rehab Estimate
$5,750
Closing Costs
$10,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,414

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $173,750
Loan Amount $521,250
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$4,437

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
  • $2,696

    COMP ESTIMATED VALUE
  • $1.44

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,3003$2,4954$2,5005$2,850
$2,850
RENT COMPS ANALYSIS
  • 3524 E Glenrosa Avenue Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,872 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,872 Sqft ∙ Built 1955
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3831 N 34th Street Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 1958 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 1958
    property image
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.28
    •  
  • 4135 N 35th Way Phoenix, AZ 3
    • 3 beds 3 baths ∙ 1,700 Sqft ∙ Built 1953 3 beds 3 baths ∙ 1,700 Sqft ∙ Built 1953
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.47
    •  
  • 3624 E Weldon Avenue Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,700 Sqft ∙ Built 1953 4 beds 2 baths ∙ 1,700 Sqft ∙ Built 1953
    property image
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.47
    •  
  • 4302 N 35th Street Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,853 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,853 Sqft ∙ Built 1958
    property image
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.54
    •  
PROPERTY LISTING DETAILS
Cynthia K Lewis
American Realty Brokers
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6203443
Last Updated: 03/06/2021
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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