2708 W Glenrosa Ave
Alhambra · Phoenix, AZ 85017 · Single-family
- Price
- $328,000
- Est. rent / mo
- $1,950
- Est. cap rate
- 4.18%
- Est. cash-on-cash
- -6.02%
- Est. DSCR
- 0.72
- Rent / price
- 0.595%
- $ / sq ft
- $243
- Est. cash flow / mo
- -$452
At the baseline set: 25% down, 6.75%, 30-year amortisation. Estimates.
Representative stock photography of Phoenix-metro residential product. These images do not depict this address.
The read
Two price cuts already. The detached garage is permitted and habitable-adjacent — the parcel supports an accessory unit under current Phoenix code.
- Original hardwood under carpet
- Detached garage
- Alley access
- No HOA
Facts
| Property type | Single-family |
|---|---|
| Units | 1 |
| Bedrooms / bathrooms | 3 / 2 |
| Living area | 1,348 sq ft |
| Lot | 6,534 sq ft |
| Year built | 1956 (70 yrs) |
| Stories | 1 |
| Parking | Off-street pad |
| Coordinates | 33.5058, -112.1078 |
| Property tax / yr | $1,900 |
|---|---|
| Insurance / yr | $1,620 |
| HOA / mo | None |
| Other fixed / yr | $360 |
| Total est. operating / yr | $8,279 |
| HVAC installed | 2013 |
| Roof installed | 2012 |
| Water provider | City of Phoenix |
| FEMA flood zone | Zone X |
Underwrite it
Every figure below recomputes as you move an input. Nothing is rounded until it is printed, and operating expenses never include debt service — that separation is what makes the cap rate a property of the building and the cash-on-cash a property of your deal. All outputs are estimates.
Monthly cash flow
−$452
after debt service, before tax
Cap rate
4.18%
NOI ÷ purchase price
Cash-on-cash
-6.02%
cash flow ÷ cash invested
DSCR
0.72
NOI ÷ annual debt service
Where the gross rent goes
- Vacancy$1,404
- Operating$8,279
- Debt service$19,147
- Cash flow$0
| Gross scheduled income | $23,400 |
|---|---|
| Less vacancy & credit loss | −$1,404 |
| Effective gross income | $21,996 |
| Less fixed operating | −$3,880 |
| Less variable operating | −$4,399 |
| Net operating income | $13,717 |
| Less annual debt service | −$19,147 |
| Pre-tax cash flow | -$5,430 |
| Loan amount | $246,000 |
| Monthly principal & interest | $1,596 |
| Cash invested | $90,200 |
| Operating expense ratio | 37.6% |
| Break-even occupancy | 117.2% |
| Gross rent multiplier | 14.0 |
| Rent-to-price ratio | 0.595% |
Estimated figures produced by a model from the assumptions on the left. Not an offer, an appraisal, a loan quote or investment advice. Taxes, insurance and operating expenses are estimates; verify each before you commit capital.
Price history
List-price history
Plotted on a true time axis — the horizontal distance between two points is how long that price actually stood. $17,000 off the original ask, 4.9%.
| Date | Event | Price | Change |
|---|---|---|---|
| June 20, 2026 | Listed | $345,000 | — |
| July 20, 2026 | Price cut | $336,500 | −8,500 |
| August 20, 2026 | Price cut | $328,000 | −8,500 |
Estimated value, indexed to the submarket
The current price carried backwards on the Alhambra median-price index. An index adjustment, not an appraisal and not a record of transactions.
| Month | Estimated value |
|---|---|
| Oct 2024 | $317K |
| Nov 2024 | $320K |
| Dec 2024 | $324K |
| Jan 2025 | $326K |
| Feb 2025 | $327K |
| Mar 2025 | $325K |
| Apr 2025 | $322K |
| May 2025 | $319K |
| Jun 2025 | $317K |
| Jul 2025 | $317K |
| Aug 2025 | $319K |
| Sep 2025 | $321K |
| Oct 2025 | $323K |
| Nov 2025 | $324K |
| Dec 2025 | $324K |
| Jan 2026 | $321K |
| Feb 2026 | $320K |
| Mar 2026 | $321K |
| Apr 2026 | $322K |
| May 2026 | $325K |
| Jun 2026 | $328K |
| Jul 2026 | $329K |
| Aug 2026 | $329K |
| Sep 2026 | $328K |
Comparables
Rent is compared per unit, which is the only fair basis across a house and a fourplex. The subject sits 3.0% below the median of its five closest comparables.
| Address | Submarket | Distance | Price | Sq ft | $ / sq ft |
|---|---|---|---|---|---|
| 2708 W Glenrosa Ave Subject | Alhambra | — | $328,000 | 1,348 | $243 |
| 3125 W Berridge Ln | Alhambra | 0.5 mi | $372,000 | 1,512 | $246 |
| 820 W Palm Ln | Encanto | 1.7 mi | $612,000 | 1,690 | $362 |
| 1444 N 3rd Ave | Encanto | 1.7 mi | $549,000 | 1,310 | $419 |
| 2840 N 63rd Dr | Maryvale | 3.4 mi | $268,000 | 1,146 | $234 |
Sensitivity
What a five-percent move in price or fifty basis points on the rate does to the return. Computed at the baseline assumption set, not at whatever you have set the calculator to — it is a fixed reference.
Sensitivity — cash-on-cash by price and rate
Every other assumption held at the baseline set. A fixed reference, not tied to the calculator above. Estimates.
| Price \ Rate | 5.75% | 6.25% | 6.75% | 7.25% | 7.75% |
|---|---|---|---|---|---|
| $302,000−8% | -2.6% | -3.6% | -4.7% | -5.8% | -6.9% |
| $315,000−4% | -3.3% | -4.3% | -5.4% | -6.5% | -7.6% |
| $328,000ask | -3.9% | -4.9% | -6.0% | -7.1% | -8.2% |
| $341,000+4% | -4.5% | -5.5% | -6.6% | -7.7% | -8.8% |
| $354,000+8% | -5.0% | -6.1% | -7.1% | -8.2% | -9.4% |
Cash-on-cash-9.4% → -2.6%
What to check before you commit
HVAC
Condenser installed 2013, 13 years old. Inside normal service life for this climate, so the CapEx reserve carries it rather than a year-one line item.
Roof
Roof dates to 2012, 14 years old — inside the window most carriers will write without a surcharge.
Flood
FEMA Zone X. Outside the mapped special flood hazard area; a lender will not require separate flood coverage.
Water allocation
Served by City of Phoenix. Long-run Colorado River and Central Arizona Project allocation is a genuine risk to price on the metro’s growth edges over a 10-to-20 year hold. It is a discount-rate question, not a next-quarter question.
No HOA
No association. Nothing constrains rental use at the community level, and there is no fixed monthly charge in the expense line.