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4111 E Glenrosa Avenue Phoenix, AZ 85018

3 Beds 2 Baths 1,811 sqft Built 1957

$799,000

List Price

$2,470

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

February 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1957
  • Price/Sqft : $441.19
  • 1 Days on Market
  • MLS # : 6191041
  • Updated Date : 02/07/2021 at 00:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,811 sqft
  • Baths : 2 full
Listing Agent

Bellamak Realty

Listing Agent's Description

***Beautiful Arcadia Area Location***22,216 SF Flag Shaped, Center-Subdivision Lot, N/S Exposure, Camelback Mountain Views and mega opportunity, walking distance to everything fun! This is a storybook street with new builds and renovations everywhere. Has not been for sale in 30 years. Current 3/2 plus guest casita studio/pool house w/ half bath. Right when you think you see the end of the yard there's a whole entire ''back 40'' for whatever your imagination brings. Everyone hangs out in this hotspot surrounded by, let's see, LGO, VIG, POSTINO, PORCH, COLD BEERS, INGOS, TEE PEE (only scratching the surface)...all within walking distance. One of the biggest parcels between 40th and 44th, Campbell and Indian School. Very hard to find ''Porterhouse'' size lots in here anymore. Awesom

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Arcadia Lite

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450k500kPrice in $91k547k

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

Neighborhood: Arcadia Lite

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000210022002300Rent in $9342344

* 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
Hopi Elementary School Primary Regular 842 40 9
Ingleside Middle School Middle Regular 772 33 7
Arcadia High School High Regular 1,731 72 5

Hopi Elementary School

  • Education Level: Primary
  • # of students: 842
  • # of teachers: 40
9
GreatSchools Rating

Ingleside Middle School

  • Education Level: Middle
  • # of students: 772
  • # of teachers: 33
7
GreatSchools Rating

Arcadia High School

  • Education Level: High
  • # of students: 1,731
  • # of teachers: 72
5
GreatSchools Rating
 

$719,100$878,900$799,000

PURCHASE PRICE

$2,223$2,717$2,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,470
EXPENSES Loan Payment -$2,775
Property Tax -$414
Property Insurance -$63
Property Management Fees -$99
CASH FLOW
-$880

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.

$799,000

PROJECTED PRICE

$2,470

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 7.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$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$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$217,485

INVESTMENT

$217,485

Down Payment
$199,750
Rehab Estimate
$5,750
Closing Costs
$11,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,775

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $199,750
Loan Amount $599,250
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$1,416

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,470

    LIST RENT
  • $1.36

    LIST RENT PER SQFT
  • $2,739

    COMP ESTIMATED VALUE
  • $1.51

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,4703$2,5004$2,5005$3,150
$3,150
RENT COMPS ANALYSIS
  • 4111 E Glenrosa Avenue Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,811 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,811 Sqft ∙ Built 1957
    • Rent
    • Rent Per SQFT
    •  
    • $2,470
    • $1.36
    •  
  • 4315 E Piccadilly Road Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,662 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,662 Sqft ∙ Built 1973
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.38
    •  
  • 3910 E Campbell Avenue Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,628 Sqft ∙ Built 1953 4 beds 2 baths ∙ 1,628 Sqft ∙ Built 1953
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.54
    •  
  • 3902 E Clarendon Avenue Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,647 Sqft ∙ Built 1954 4 beds 2 baths ∙ 1,647 Sqft ∙ Built 1954
    LEASED 01/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.52
    •  
  • 3928 E Fairmount Avenue Phoenix, AZ 5
    • 4 beds 3 baths ∙ 1,961 Sqft ∙ Built 1951 4 beds 3 baths ∙ 1,961 Sqft ∙ Built 1951
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $1.61
    •  
PROPERTY LISTING DETAILS
Shawn Bellamak
Bellamak Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6191041
Last Updated: 02/07/2021
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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