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12826 W Mulberry Drive Avondale, AZ 85392

4 Beds 3 Baths 2,832 sqft Built 2001

$360,000

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $127.12
  • 2 Days on Market
  • MLS # : 6206900
  • Updated Date : 03/13/2021 at 14:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,832 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty Professional Partners

Listing Agent's Description

Stunning 4 bedroom plus loft home located in the desirable Sage Creek community! This home is sparkling clean and pride of ownership is obvious from the moment you step inside! Large formal living/dining room plus the kitchen opens to a great room with a cozy fireplace. Newer flooring on lower level. Open concept kitchen w/ plenty of counter space & modern staggered cabinets. Upstairs has generous size bedrms plus a huge loft! Extra lg master suite w/separate exit to balcony, full bath w/double sink vanity & separate jetted soaking tub & shower. SPACIOUS walk in closet! Perfect grassy north facing backyard w/full covered patio and lush green grass. Home has been recently painted inside, outside painted 2016. *Kitchen countertop is laminate w/ vinyl covering. ''A'' Rated School

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sage Creek

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Sage Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8421567

* 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
Wigwam Creek Middle School Middle Regular 927 39 8
Agua Fria High School High Regular 1,725 92 4

Wigwam Creek Middle School

  • Education Level: Middle
  • # of students: 927
  • # of teachers: 39
8
GreatSchools Rating

Agua Fria High School

  • Education Level: High
  • # of students: 1,725
  • # of teachers: 92
4
GreatSchools Rating
 

$324,000$396,000$360,000

PURCHASE PRICE

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,870
EXPENSES Loan Payment -$1,250
Property Tax -$227
Property Insurance -$82
HOA -$11
Property Management Fees -$99
CASH FLOW
$200

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.

$360,000

PROJECTED PRICE

$1,870

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 7.2%
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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,150

INVESTMENT

$101,150

Down Payment
$90,000
Rehab Estimate
$5,750
Closing Costs
$5,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,250

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $90,000
Loan Amount $270,000
See What Happens When You Reinvest Cash Flow

8.33

YEARS SAVED

$39,958

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
  • $2,067

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7003$1,9954$2,0005$2,100
$2,100
RENT COMPS ANALYSIS
  • 12826 W Mulberry Drive Avondale, AZ 1
    • 4 beds 3 baths ∙ 2,832 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,832 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3361 N 129th Drive Avondale, AZ 2
    • 4 beds 2 baths ∙ 2,496 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,496 Sqft ∙ Built 2000
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.68
    •  
  • 13317 W Indianola Avenue Litchfield Park, AZ 3
    • 4 beds 3 baths ∙ 3,037 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,037 Sqft ∙ Built 2005
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.66
    •  
  • 13618 W Pinchot Avenue Avondale, AZ 4
    • 5 beds 3 baths ∙ 2,545 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,545 Sqft ∙ Built 2006
    LEASED 02/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.79
    •  
  • 4333 N 125th Avenue Litchfield Park, AZ 5
    • 5 beds 3 baths ∙ 2,659 Sqft ∙ Built 2002 5 beds 3 baths ∙ 2,659 Sqft ∙ Built 2002
    LEASED 03/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.79
    •  
PROPERTY LISTING DETAILS
Susan K Ramsey
Keller Williams Realty Professional Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206900
Last Updated: 03/13/2021
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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