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111 E Moon Valley Drive Phoenix, AZ 85022

5 Beds 3 Baths 2,614 sqft Built 1973

$699,900

List Price

$2,500

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1973
  • Price/Sqft : $267.75
  • 3 Days on Market
  • MLS # : 6157450
  • Updated Date : 11/07/2020 at 11:34
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,614 sqft
  • Baths : 3 full
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

Classic Moon Valley home that is sure to delight. Main house has four bedrooms and two full baths, separate casita with entrance from back yard/patio has one large room and a full bath, perfect for in-laws, guest suite, teenager! Expansive front porch leads to a nicely updated interior with a spacious open floor plan, easy to entertain with kitchen opening to great room with fireplace. Kitchen has stainless appliances with granite countertops, and island with bar seating. Nicely situated corner lot of 13,476 square feet, lovely pebble finish pool with beach step, and separate grass yard. Built-in BBQ and stove with outdoor dining bar. Very lush landscaping with extensive outdoor lighting and grassy area. RV gate and side entry garage (with separate large storage room) complete the package

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Moon Valley

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k484k

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

Neighborhood: Moon Valley

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9342444

* 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
Lookout Mountain Elementary School Primary Regular 1,022 50 9
Lookout Mountain Elementary School Middle Regular 1,022 50 9
Thunderbird High School High Regular 1,507 63 6

Lookout Mountain Elementary School

  • Education Level: Primary
  • # of students: 1,022
  • # of teachers: 50
9
GreatSchools Rating

Lookout Mountain Elementary School

  • Education Level: Middle
  • # of students: 1,022
  • # of teachers: 50
9
GreatSchools Rating

Thunderbird High School

  • Education Level: High
  • # of students: 1,507
  • # of teachers: 63
6
GreatSchools Rating
 

$629,910$769,890$699,900

PURCHASE PRICE

$2,250$2,750$2,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,500
EXPENSES Loan Payment -$2,582
Property Tax -$418
Property Insurance -$78
Property Management Fees -$99
CASH FLOW
-$677

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.

$699,900

PROJECTED PRICE

$2,500

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.6%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$191,224

INVESTMENT

$191,224

Down Payment
$174,975
Rehab Estimate
$5,750
Closing Costs
$10,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,582

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $174,975
Loan Amount $524,925
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$4,572

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
  • $2,653

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,3953$2,5004$2,8005$2,950
$2,950
RENT COMPS ANALYSIS
  • 111 E Moon Valley Drive Phoenix, AZ 1
    • 5 beds 3 baths ∙ 2,614 Sqft ∙ Built 1973 5 beds 3 baths ∙ 2,614 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 209 E Coral Gables Drive Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,376 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,376 Sqft ∙ Built 1977
    LEASED 09/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.01
    •  
  • 14624 N 7th Place Phoenix, AZ 3
    • 4 beds 2 baths ∙ 2,427 Sqft ∙ Built 1987 4 beds 2 baths ∙ 2,427 Sqft ∙ Built 1987
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.03
    •  
  • 9 W Country Gables Drive Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,822 Sqft ∙ Built 1976 4 beds 3 baths ∙ 2,822 Sqft ∙ Built 1976
    LEASED 07/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.99
    •  
  • 14002 N Canterbury Drive Phoenix, AZ 5
    • 5 beds 3 baths ∙ 2,864 Sqft ∙ Built 1978 5 beds 3 baths ∙ 2,864 Sqft ∙ Built 1978
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.03
    •  
PROPERTY LISTING DETAILS
Carolyn Bray
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157450
Last Updated: 11/07/2020
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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