1831 W Mulberry Dr UNIT 233PhoenixAZ85015
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Phoenix at 1831 W Mulberry Dr UNIT 233, Phoenix, AZ, 85015 listed at $189,900 pairs $1,750/mo rent with a $929/mo payment to leave $628/mo cash flow. Total monthly income runs $1,750/mo, and annual cash flow reaches $7,535/yr on $62,952 cash to close. Return on cash invested measures 31.88% in year one, and rental yield registers 11.06% at a $189,900 basis. Equity gained on principal adds $1,225/yr, and annual property appreciation at 5% supports $52,466 by year five. Five-year ROI tracks 166.65% and total cumulative return in cash totals $104,909. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,750/mo property income relative to a $929/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1984
549 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85015, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,677 (100%) |
| Owner Occupied HU | 6,225 (35.2%) |
| Renter Occupied HU | 10,034 (56.8%) |
| Vacant Housing Units | 1,418 ( 8.0%) |
| Median Home Value | $418,594 |
| Average Home Value | $512,861 |
Housing Distribution
Address Breakdown
Residential
16,504
Single Family
8,707
Multi-Family
7,797
Businesses
894
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