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21055 E Nightingale Road Queen Creek, AZ 85142

4 Beds 3 Baths 2,928 sqft Built 2004

$499,900

List Price

$2,170

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $170.73
  • 2 Days on Market
  • MLS # : 6204662
  • Updated Date : 03/14/2021 at 00:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,928 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Meticulously maintained, CLEAN 4 bed, 2.5 bath property located in Queen Creek is now available! A stunning facade with stone accents, charming courtyard, low maintenance landscaping, and a split 3 car EXTENDED 23ft garage. This home has it all and more! The lavish interior boasts spacious dining and living areas, gas fireplace and cozy den perfect for an office. You'll love the fabulous kitchen, with ample cabinet and quartz countertop space, pantry, tile backsplash, high-end appliances and island with breakfast bar. The spacious owner's suite has exit to private patio, walk-in closet, full bath with double sinks, not to mention separate tub & shower. Expansive South facing backyard with no neighbors behind and extended covered patio. Conveniently located near shopping & dining!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Queenland Manor

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k338k

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

Neighborhood: Queenland Manor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9541882

* 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
Jack Barnes Elementary School Primary Regular 489 23 10
Queen Creek Middle School Middle Regular 787 33 6
Queen Creek High School High Regular 1,799 73 5

Jack Barnes Elementary School

  • Education Level: Primary
  • # of students: 489
  • # of teachers: 23
10
GreatSchools Rating

Queen Creek Middle School

  • Education Level: Middle
  • # of students: 787
  • # of teachers: 33
6
GreatSchools Rating

Queen Creek High School

  • Education Level: High
  • # of students: 1,799
  • # of teachers: 73
5
GreatSchools Rating
 

$449,910$549,890$499,900

PURCHASE PRICE

$1,953$2,387$2,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,170
EXPENSES Loan Payment -$1,736
Property Tax -$378
Property Insurance -$84
HOA -$115
Property Management Fees -$99
CASH FLOW
-$242

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$499,900

PROJECTED PRICE

$2,170

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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$1.6M

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$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$138,224

INVESTMENT

$138,224

Down Payment
$124,975
Rehab Estimate
$5,750
Closing Costs
$7,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,736

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $124,975
Loan Amount $374,925
See What Happens When You Reinvest Cash Flow

2.75

YEARS SAVED

$11,050

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,170

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $2,408

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$2,170
1$2,1702$2,2003$2,3004$2,6505$2,670
$2,670
RENT COMPS ANALYSIS
  • 21055 E Nightingale Road Queen Creek, AZ 1
    • 4 beds 3 baths ∙ 2,928 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,928 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,170
    • $0.74
    •  
  • 21302 S 202nd Street Queen Creek, AZ 2
    • 4 beds 4 baths ∙ 2,712 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,712 Sqft ∙ Built 2016
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.81
    •  
  • 21141 E Via Del Oro -- Queen Creek, AZ 3
    • 4 beds 3 baths ∙ 2,863 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,863 Sqft ∙ Built 2002
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.80
    •  
  • 21539 S 215th Place Queen Creek, AZ 4
    • 4 beds 4 baths ∙ 3,245 Sqft ∙ Built 2007 4 beds 4 baths ∙ 3,245 Sqft ∙ Built 2007
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.82
    •  
  • 21457 E Maya Road Queen Creek, AZ 5
    • 5 beds 4 baths ∙ 3,102 Sqft ∙ Built 2007 5 beds 4 baths ∙ 3,102 Sqft ∙ Built 2007
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,670
    • $0.86
    •  
PROPERTY LISTING DETAILS
Kimberly Glass
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6204662
Last Updated: 03/14/2021
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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