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1316 E Nightingale Lane Gilbert, AZ 85298

4 Beds 3 Baths 2,374 sqft Built 2004

$525,000

List Price

$2,140

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $221.15
  • 2 Days on Market
  • MLS # : 6208983
  • Updated Date : 03/20/2021 at 16:49
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,374 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty Phoenix

Listing Agent's Description

This stunning 4 bed / 2.5 bath PLUS den is located in the beautiful master planned community of Vista Dorada! Gourmet Chef's Kitchen features gas cooktop, loads of upgraded cabinetry, corian counter tops, island & much more! Kitchen is fully open to great room. Oversized PRIVATE backyard is SPECTACULAR (18,713sq. ft) and is an entertainers dream! Lg covered patio w/ speakers overlooks 24,000 gal pool w/ rock speakers, 5000 sq ft of grass , 2 fire pits, 20+ large trees, 2 stamped concrete pads permitted w/ 3 elect. sub-panels, gas, and reinforced footings to accommodate your dream ramada/hot tub & built in BBQ. Chandler A+ rated school district & minutes from highway access, Chandler Fashion Center, San Tan Village, downtown Chandler & Gilbert, shopping and restaurants! This is a must see!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Vista Dorada

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $122k366k

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

Neighborhood: Vista Dorada

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10362013

* 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
Payne Junior High School Middle Regular 1,518 70 9
Perry High School High Regular 3,194 142 7
Perry High School High Unknown NA

Payne Junior High School

  • Education Level: Middle
  • # of students: 1,518
  • # of teachers: 70
9
GreatSchools Rating

Perry High School

  • Education Level: High
  • # of students: 3,194
  • # of teachers: 142
7
GreatSchools Rating

Perry High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$472,500$577,500$525,000

PURCHASE PRICE

$1,926$2,354$2,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,140
EXPENSES Loan Payment -$1,824
Property Tax -$368
Property Insurance -$73
HOA -$25
Property Management Fees -$99
CASH FLOW
-$249

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.

$525,000

PROJECTED PRICE

$2,140

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.8%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M

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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,824

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

2.83

YEARS SAVED

$11,747

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,140

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,309

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$2,140
1$2,1402$2,1953$2,2004$2,2505$2,325
$2,325
RENT COMPS ANALYSIS
  • 1316 E Nightingale Lane Gilbert, AZ 1
    • 4 beds 3 baths ∙ 2,374 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,374 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,140
    • $0.90
    •  
  • 1151 E Furness Drive Gilbert, AZ 2
    • 4 beds 2 baths ∙ 2,324 Sqft ∙ Built 2012 4 beds 2 baths ∙ 2,324 Sqft ∙ Built 2012
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.94
    •  
  • 937 E Dumbarton Avenue Gilbert, AZ 3
    • 4 beds 2 baths ∙ 2,187 Sqft ∙ Built 2014 4 beds 2 baths ∙ 2,187 Sqft ∙ Built 2014
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.01
    •  
  • 5134 S Sandstone Street Gilbert, AZ 4
    • 4 beds 2 baths ∙ 2,285 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,285 Sqft ∙ Built 2004
    LEASED 09/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.98
    •  
  • 1263 E Walnut Road Gilbert, AZ 5
    • 4 beds 3 baths ∙ 2,418 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,418 Sqft ∙ Built 2005
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,325
    • $0.96
    •  
PROPERTY LISTING DETAILS
Amy Pradetto-werdean
Keller Williams Realty Phoenix
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6208983
Last Updated: 03/20/2021
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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