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1730 W Mulberry Drive Phoenix, AZ 85015

3 Beds 2 Baths 1,884 sqft Built 1945

$479,000

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1945
  • Price/Sqft : $254.25
  • 2 Days on Market
  • MLS # : 6193988
  • Updated Date : 02/13/2021 at 15:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,884 sqft
  • Baths : 2 full
Listing Agent

Realty Executives

Listing Agent's Description

Welcome home! Situated on a large lot in the desirable North Encanto Historic District, this home has everything you're looking for including an oversized, split master bedroom, large enough to accommodate a comfortable office/work space. The french doors from the master lead to the large, serene backyard, full of mature trees will become your fav spot for your morning coffee. You'll love relaxing by the pool which has an updated pool pump and filter(2019) and electrical(2018). Additional features include crown molding, plantation shutters, LARGE closets, custom barn door, new electrical panel(2019) and a custom Tuff Shed with interior insulation & tongue & groove siding for your s/he-shed. This centrally located home is close to major freeways and Encanto Park, a Phoenix gem with golf

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Truman Terrace

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $91k331k

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

Neighborhood: Truman Terrace

NeighborhoodNIR Market*CityMarket2010Year20002019 Q295010001050110011501200125013001350140014501500155016001650Rent in $9341663

* 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
Encanto School Primary Alternative 664 32 3
Osborn Middle School Middle Alternative 565 30 5
Central High School High Regular 2,251 136 3

Encanto School

  • Education Level: Primary
  • # of students: 664
  • # of teachers: 32
3
GreatSchools Rating

Osborn Middle School

  • Education Level: Middle
  • # of students: 565
  • # of teachers: 30
5
GreatSchools Rating

Central High School

  • Education Level: High
  • # of students: 2,251
  • # of teachers: 136
3
GreatSchools Rating
 

$431,100$526,900$479,000

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$1,664
Property Tax -$252
Property Insurance -$64
Property Management Fees -$99
CASH FLOW
-$289

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.

$479,000

PROJECTED PRICE

$1,790

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 4.3%
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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$132,685

INVESTMENT

$132,685

Down Payment
$119,750
Rehab Estimate
$5,750
Closing Costs
$7,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,664

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $119,750
Loan Amount $359,250
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$9,464

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,851

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,790
1$1,7902$1,8003$1,8254$1,9505$1,965
$1,965
RENT COMPS ANALYSIS
  • 1730 W Mulberry Drive Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,884 Sqft ∙ Built 1945 3 beds 2 baths ∙ 1,884 Sqft ∙ Built 1945
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.95
    •  
  • 1937 W Weldon Avenue Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 1950 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 1950
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.00
    •  
  • 1817 W Earll Drive Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,878 Sqft ∙ Built 1951 3 beds 2 baths ∙ 1,878 Sqft ∙ Built 1951
    LEASED 11/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.97
    •  
  • 1905 W Cambridge Avenue Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,984 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,984 Sqft ∙ Built 1955
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.98
    •  
  • 2239 W Earll Drive Phoenix, AZ 5
    • 4 beds 2 baths ∙ 1,996 Sqft ∙ Built 1954 4 beds 2 baths ∙ 1,996 Sqft ∙ Built 1954
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,965
    • $0.98
    •  
PROPERTY LISTING DETAILS
Eve Adams
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193988
Last Updated: 02/13/2021
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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