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4830 E Mulberry Drive Phoenix, AZ 85018

3 Beds 3 Baths 2,302 sqft Built 1956

$899,999

List Price

$3,090

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1956
  • Price/Sqft : $390.96
  • 4 Days on Market
  • MLS # : 6201949
  • Updated Date : 03/04/2021 at 04:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,302 sqft
  • Baths : 2 full , 1 half
Listing Agent

Bellamak Realty

Listing Agent's Description

***QUINTESSENTIAL ARCADIA***THIS UNICORN CHECKS ALL THE BOXES. STORYBOOK STREET, N/S EXPOSURE, STUNNING CURB APPEAL W/ FRONT PATIO SITTING AREA, OUTDOOR FIRE FEATURE AND DECORATIVE STEEL GATED ENTRY. GOURMET KITCHEN HAS LARGE CARRARA MARBLE ISLAND, EAT-UP BAR, WHITE SHAKER CABS, SOFT CLOSE DRAWERS, W/I PANTRY, SUBZERO REFRIG, CONVECTION OVEN/MICROWAVE & KITCHENAID DISHWASHER, QUARTZ COUNTER, STAINLESS SINK W/ GLASS SUBWAY BACKSPLASH OVERLOOKING SPACIOUS GREATROOM. FORMAL DINING AND LIVING SEPARATED BY 2-WAY GAS FIREPLACE, HANDSCRAPED HICKORY PLANK WOOD FLOORS. MASTER SUITE W/DOUBLE SINKS, QUARTZ COUNTERS/CARRARA MARBLE SHOWER. BACKYARD PARADISE! VERSAILLES TRAVERTINE DECKING, TURF, CUSTOM STEEL TRELLIS, CONCRETE SITTING AREA W/ GLASS/GAS FIRE FEATURE,DIVING POOL, CAMELBACK MOUNTAIN VIEWS!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Orange Valley Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450k500k550k600kPrice in $91k611k

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

Neighborhood: Orange Valley Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000120014001600180020002200240026002800Rent in $9342900

* 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
Tavan Elementary School Primary Regular 718 43 5
Ingleside Middle School Middle Regular 772 33 7
Arcadia High School High Regular 1,731 72 5

Tavan Elementary School

  • Education Level: Primary
  • # of students: 718
  • # of teachers: 43
5
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
 

$809,999$989,999$899,999

PURCHASE PRICE

$2,781$3,399$3,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,090
EXPENSES Loan Payment -$3,126
Property Tax -$456
Property Insurance -$72
Property Management Fees -$99
CASH FLOW
-$663

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.

$899,999

PROJECTED PRICE

$3,090

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 8.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$244,250

INVESTMENT

$244,250

Down Payment
$225,000
Rehab Estimate
$5,750
Closing Costs
$13,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,126

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $225,000
Loan Amount $674,999
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$9,975

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,090

    LIST RENT
  • $1.34

    LIST RENT PER SQFT
  • $3,568

    COMP ESTIMATED VALUE
  • $1.55

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$3,0003$3,0904$3,2005$3,800
$3,800
RENT COMPS ANALYSIS
  • 4830 E Mulberry Drive Phoenix, AZ 3
    • 3 beds 3 baths ∙ 2,302 Sqft ∙ Built 1956 3 beds 3 baths ∙ 2,302 Sqft ∙ Built 1956
    • Rent
    • Rent Per SQFT
    •  
    • $3,090
    • $1.34
    •  
  • 4652 E Earll Drive Phoenix, AZ 1
    • 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 1970 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 1970
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.40
    •  
  • 3434 N 47th Way Phoenix, AZ 2
    • 3 beds 2 baths ∙ 2,003 Sqft ∙ Built 1963 3 beds 2 baths ∙ 2,003 Sqft ∙ Built 1963
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.50
    •  
  • 4909 E Flower Street Phoenix, AZ 4
    • 3 beds 2 baths ∙ 2,048 Sqft ∙ Built 1956 3 beds 2 baths ∙ 2,048 Sqft ∙ Built 1956
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.56
    •  
  • 3316 N 51st Street Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,190 Sqft ∙ Built 1956 4 beds 3 baths ∙ 2,190 Sqft ∙ Built 1956
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.74
    •  
PROPERTY LISTING DETAILS
Shawn Bellamak
Bellamak Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6201949
Last Updated: 03/04/2021
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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