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4683 E Nightingale Lane Gilbert, AZ 85298

3 Beds 2 Baths 1,407 sqft Built 2002

$340,000

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 2002
  • Price/Sqft : $241.65
  • 4 Days on Market
  • MLS # : 6156327
  • Updated Date : 11/06/2020 at 10:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,407 sqft
  • Baths : 2 full
Listing Agent

Delex Realty

Listing Agent's Description

This home features 3 bed/2 bath well maintained home in Trilogy Golf Course Power Ranch, a guarded gated adult community. Amenities of this master planned community includes a golf course, three swimming pools, recreation center, tennis courts, walking paths and planned activities. This home has built in microwave, electric cooktop range, refrigerator, washer & dryer. Travertine tiles throughout the home except 2nd bedroom with carpets. Covered patio, desert landscaping for low maintenance, 2 car garage with built in cabinets. North and south exposures.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Trilogy

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $122k371k

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

Neighborhood: Trilogy

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10011981

* 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
Cortina Elementary School Primary Regular 947 42 10
Cortina Elementary School Middle Regular 947 42 10
Higley High School High Regular 1,596 70 7

Cortina Elementary School

  • Education Level: Primary
  • # of students: 947
  • # of teachers: 42
10
GreatSchools Rating

Cortina Elementary School

  • Education Level: Middle
  • # of students: 947
  • # of teachers: 42
10
GreatSchools Rating

Higley High School

  • Education Level: High
  • # of students: 1,596
  • # of teachers: 70
7
GreatSchools Rating
 

$306,000$374,000$340,000

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$1,254
Property Tax -$234
Property Insurance -$55
HOA -$50
Property Management Fees -$99
CASH FLOW
-$211

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.

$340,000

PROJECTED PRICE

$1,480

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.7%
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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,850

INVESTMENT

$95,850

Down Payment
$85,000
Rehab Estimate
$5,750
Closing Costs
$5,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,254

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $85,000
Loan Amount $255,000
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$6,903

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,480

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,365

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,478
1$1,4782$1,4803$1,5004$1,7005$1,785
$1,785
RENT COMPS ANALYSIS
  • 4683 E Nightingale Lane Gilbert, AZ 2
    • 3 beds 2 baths ∙ 1,407 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,407 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $1.05
    •  
  • 4050 E Narrowleaf Drive Gilbert, AZ 1
    • 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 2005
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,478
    • $0.92
    •  
  • 4102 E Rustler Way Gilbert, AZ 3
    • 3 beds 2 baths ∙ 1,611 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,611 Sqft ∙ Built 2002
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.93
    •  
  • 4061 E Wagon Court Gilbert, AZ 4
    • 3 beds 3 baths ∙ 1,724 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,724 Sqft ∙ Built 2002
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.99
    •  
  • 4377 S Rim Court Gilbert, AZ 5
    • 3 beds 3 baths ∙ 1,724 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,724 Sqft ∙ Built 2001
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,785
    • $1.04
    •  
PROPERTY LISTING DETAILS
Julie Nam
Delex Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156327
Last Updated: 11/06/2020
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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