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4618 E Glenrosa Avenue Phoenix, AZ 85018

4 Beds 4 Baths 3,537 sqft Built 2017

$1,300,000

List Price

$4,250

$4K - $4.5K

Rent Est.

PROPERTY INFO

January 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $367.54
  • 6 Days on Market
  • MLS # : 6184752
  • Updated Date : 01/26/2021 at 08:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,537 sqft
  • Baths : 4 full
Listing Agent

Retsy

Listing Agent's Description

*Highly sought-after newly built home in the popular Hopi/Arcadia school district! * Built in 2017, this gorgeous home features soaring ceilings, an open floorplan, & boasts of light. * This home offers a desirable floorplan w/ 4 bedrooms (3 upstairs + 1 down) all w/ en-suite bathrooms * Stunning kitchen w/ shaker cabinetry, quartz countertops, pendant lighting, SS appliances, walk-in pantry, & a large island * Newer Anderson slider opens from the living space to the covered patio w/ newer sea glass pebble-tec pool & large BBQ/kitchen w/ island - perfect for entertaining! * Upstairs, the large master bedroom has 2 separate balconies & a stunning view of Camelback, also features a beautiful & spacious master bath w/ soaking tub, large shower, & double vanity sinks & a massive walk-in closet

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Jeffery Leigh

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $83k467k

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

Neighborhood: Jeffery Leigh

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8621930

* 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
 

$1,170,000$1,430,000$1,300,000

PURCHASE PRICE

$3,825$4,675$4,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,250
EXPENSES Loan Payment -$4,515
Property Tax -$673
Property Insurance -$96
Property Management Fees -$99
CASH FLOW
-$1,133

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.

$1,300,000

PROJECTED PRICE

$4,250

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 5.2%
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$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$350,250

INVESTMENT

$350,250

Down Payment
$325,000
Rehab Estimate
$5,750
Closing Costs
$19,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,515

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $325,000
Loan Amount $975,000
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$8,992

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,250

    LIST RENT
  • $1.2

    LIST RENT PER SQFT
  • $5,801

    COMP ESTIMATED VALUE
  • $1.64

    COMP AVG. RENT PER SQFT
Comps Range
$4,250
1$4,2502$5,0003$6,500
$6,500
RENT COMPS ANALYSIS
  • 4618 E Glenrosa Avenue Phoenix, AZ 1
    • 4 beds 4 baths ∙ 3,537 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,537 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $4,250
    • $1.20
    •  
  • 4431 N 36th Place Phoenix, AZ 2
    • 4 beds 4 baths ∙ 3,421 Sqft ∙ Built 2000 4 beds 4 baths ∙ 3,421 Sqft ∙ Built 2000
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $1.46
    •  
  • 3810 E Campbell Avenue Phoenix, AZ 3
    • 4 beds 4 baths ∙ 3,581 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,581 Sqft ∙ Built 2017
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,500
    • $1.82
    •  
PROPERTY LISTING DETAILS
Molly Fredrick
Retsy
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184752
Last Updated: 01/26/2021
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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