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4336 E Glenrosa Avenue Phoenix, AZ 85018

2 Beds 2 Baths 1,840 sqft Built 1955

$645,000

List Price

$2,260

$2K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1955
  • Price/Sqft : $350.54
  • 7 Days on Market
  • MLS # : 6210601
  • Updated Date : 03/27/2021 at 19:29
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,840 sqft
  • Baths : 2 full
Listing Agent

The Agency

Listing Agent's Description

In the heart of Arcadia Lite lies this beautifully remodeled double master suite home. Exceptionally located, and close to all the finest shopping, dining and entertainment that Phoenix has to offer, this home is in an area where citrus farms grew in abundance and contains a backyard swing looking north at an adjacent turn of the century date farm, ''Dateland Series,'' and Camelback Mountain. In addition to the main living areas, the home has an oversized laundry room and detached 1 car garage with an abundance of storage. A 2018 remodel upgraded the bathroom and kitchen and added a beautiful shiplapped ceiling. Additional new upgrades include a new A/C, water heater and washer/dryer.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Orange Grove Heights

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $91k431k

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

Neighborhood: Orange Grove Heights

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9341965

* 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
 

$580,500$709,500$645,000

PURCHASE PRICE

$2,034$2,486$2,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,260
EXPENSES Loan Payment -$2,240
Property Tax -$334
Property Insurance -$63
Property Management Fees -$99
CASH FLOW
-$476

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.

$645,000

PROJECTED PRICE

$2,260

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 9.0%
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$176,675

INVESTMENT

$176,675

Down Payment
$161,250
Rehab Estimate
$5,750
Closing Costs
$9,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,240

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $161,250
Loan Amount $483,750
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$8,643

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
  • $2,328

    COMP ESTIMATED VALUE
  • $1.27

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9953$2,995
$2,995
RENT COMPS ANALYSIS
  • 4336 E Glenrosa Avenue Phoenix, AZ 1
    • 2 beds 2 baths ∙ 1,840 Sqft ∙ Built 1955 2 beds 2 baths ∙ 1,840 Sqft ∙ Built 1955
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4014 E Windsor Avenue Phoenix, AZ 2
    • 2 beds 2 baths ∙ 1,725 Sqft ∙ Built 1951 2 beds 2 baths ∙ 1,725 Sqft ∙ Built 1951
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.16
    •  
  • 4642 N 31 Street Phoenix, AZ 3
    • 2 beds 3 baths ∙ 2,190 Sqft ∙ Built 1955 2 beds 3 baths ∙ 2,190 Sqft ∙ Built 1955
    LEASED 02/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.37
    •  
PROPERTY LISTING DETAILS
Lynsie A Olsen
The Agency
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6210601
Last Updated: 03/27/2021
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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