Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

6334 W Mulberry Drive Phoenix, AZ 85033

4 Beds 2 Baths 1,510 sqft Built 1968

$235,000

List Price

$1,190

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1968
  • Price/Sqft : $155.63
  • 2 Days on Market
  • MLS # : 6200185
  • Updated Date : 02/27/2021 at 14:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,510 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Looking for a new place to call home? You've found it here in the popular Phoenix! Step inside in this beauty to find a bright & welcoming interior offering 4 beds, 2 baths, tile flooring, carpet in all bedrooms, neutral paint throughout, and a large living area with a cozy fireplace. The white kitchen provides plenty of cabinets and generous counter space with a breakfast bar. The main bedroom includes a walk-in closet and a very convenient bathroom ready to used. The spacious backyard that has a storage shed, a paved area, and a covered patio is a clean slate with tons of potential for customization in any way you can imagine. Home is a short drive from schools, shopping, dining, and so much more! Ready to move-in! Opportunities like this don't come often. Start calling today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sunset Knoll

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $70k271k

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

Neighborhood: Sunset Knoll

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6541567

* 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
Sunset Elementary School Primary Regular 701 34 8
Desert Sands Middle School Middle Regular 1,103 48 2
Trevor Browne High School High Regular 3,077 144 3

Sunset Elementary School

  • Education Level: Primary
  • # of students: 701
  • # of teachers: 34
8
GreatSchools Rating

Desert Sands Middle School

  • Education Level: Middle
  • # of students: 1,103
  • # of teachers: 48
2
GreatSchools Rating

Trevor Browne High School

  • Education Level: High
  • # of students: 3,077
  • # of teachers: 144
3
GreatSchools Rating
 

$211,500$258,500$235,000

PURCHASE PRICE

$1,071$1,309$1,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,190
EXPENSES Loan Payment -$816
Property Tax -$142
Property Insurance -$57
Property Management Fees -$99
CASH FLOW
$77

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.

$235,000

PROJECTED PRICE

$1,190

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 14.7%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$68,025

INVESTMENT

$68,025

Down Payment
$58,750
Rehab Estimate
$5,750
Closing Costs
$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$816

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $58,750
Loan Amount $176,250
See What Happens When You Reinvest Cash Flow

7.25

YEARS SAVED

$20,778

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,190

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,265

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,190
1$1,1902$1,2503$1,3954$1,3955$1,399
$1,399
RENT COMPS ANALYSIS
  • 6334 W Mulberry Drive Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,510 Sqft ∙ Built 1968 4 beds 2 baths ∙ 1,510 Sqft ∙ Built 1968
    • Rent
    • Rent Per SQFT
    •  
    • $1,190
    • $0.79
    •  
  • 3008 N 71st Avenue Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,455 Sqft ∙ Built 1982 4 beds 2 baths ∙ 1,455 Sqft ∙ Built 1982
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.86
    •  
  • 5628 W Thomas Road Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,686 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,686 Sqft ∙ Built 1960
    LEASED 12/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.83
    •  
  • 6136 W Clarendon Avenue Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,706 Sqft ∙ Built 1958 4 beds 2 baths ∙ 1,706 Sqft ∙ Built 1958
    LEASED 02/03/22
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.82
    •  
  • 6205 W Clarendon Avenue Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,656 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,656 Sqft ∙ Built 1958
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $0.84
    •  
PROPERTY LISTING DETAILS
Gonzalo Contreras
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6200185
Last Updated: 02/27/2021
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.

BESbswy