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6764 E Nightingale Star Circle Scottsdale, AZ 85266

2 Beds 2 Baths 1,400 sqft Built 1996

$600,000

List Price

$2,170

$2K - $2.4K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $428.57
  • 4 Days on Market
  • MLS # : 6192112
  • Updated Date : 02/13/2021 at 04:26
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,400 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Northeast Realty

Listing Agent's Description

PRIVATE BACKYARD WITH HUGE BLACK MOUNTAIN VIEWS AND ZERO WASTED SPACE in this popular 2 bed, 2 baths GREAT ROOM home that backs to ACRES OF LUSH NATURAL PRESERVE and is located in a cul du sac just steps from the Terravita Clubhouse and Marketplace and can be sold TURN-KEY! This Novus greatroom with 2 sided gas fireplace is wide open to the eat-in kitchen with breakfast bar, tile counters,and gas range. HUGE rear windows line the back of the home making the home live larger, brighter and bring those lush desert and mountain views in. Outdoor living is also fantastic with a large gated front courtyard (that can be converted to a casita) and oversized backyard with expanded patio area and a heated built in spa with a soothing water feature and all completely private. Taupe cabinets with slab

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Terravita

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $122k579k

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

Neighborhood: Terravita

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $10453383

* 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
Sonoran Trails Middle School Middle Regular 841 39 9
Cactus Shadows High School High Regular 1,704 70 8
Sonoran Trails Middle School Middle Unknown NA

Sonoran Trails Middle School

  • Education Level: Middle
  • # of students: 841
  • # of teachers: 39
9
GreatSchools Rating

Cactus Shadows High School

  • Education Level: High
  • # of students: 1,704
  • # of teachers: 70
8
GreatSchools Rating

Sonoran Trails Middle School

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

$540,000$660,000$600,000

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 -$2,084
Property Tax -$280
Property Insurance -$55
HOA -$339
Property Management Fees -$99
CASH FLOW
-$687

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.

$600,000

PROJECTED PRICE

$2,170

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.8%
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$1.6M

PROJECTED ANNUAL CASH FLOW

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

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$164,750

INVESTMENT

$164,750

Down Payment
$150,000
Rehab Estimate
$5,750
Closing Costs
$9,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,084

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $150,000
Loan Amount $450,000
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$427

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
  • $1.55

    LIST RENT PER SQFT
  • $1,946

    COMP ESTIMATED VALUE
  • $1.39

    COMP AVG. RENT PER SQFT
Comps Range
$2,170
1$2,1702$2,2003$2,3504$2,3955$2,495
$2,495
RENT COMPS ANALYSIS
  • 6764 E Nightingale Star Circle Scottsdale, AZ 1
    • 2 beds 2 baths ∙ 1,400 Sqft ∙ Built 1996 2 beds 2 baths ∙ 1,400 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $2,170
    • $1.55
    •  
  • 7114 E Aloe Vera Drive Scottsdale, AZ 2
    • 2 beds 2 baths ∙ 1,670 Sqft ∙ Built 1995 2 beds 2 baths ∙ 1,670 Sqft ∙ Built 1995
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.32
    •  
  • 7371 E Sunset Sky Circle Scottsdale, AZ 3
    • 2 beds 2 baths ∙ 1,734 Sqft ∙ Built 1999 2 beds 2 baths ∙ 1,734 Sqft ∙ Built 1999
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.36
    •  
  • 6763 E Whispering Mesquite Trail Scottsdale, AZ 4
    • 2 beds 2 baths ∙ 1,671 Sqft ∙ Built 1996 2 beds 2 baths ∙ 1,671 Sqft ∙ Built 1996
    LEASED 09/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.43
    •  
  • 32427 N 71st Way Scottsdale, AZ 5
    • 2 beds 2 baths ∙ 1,723 Sqft ∙ Built 1995 2 beds 2 baths ∙ 1,723 Sqft ∙ Built 1995
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.45
    •  
PROPERTY LISTING DETAILS
Scott Gaertner
Keller Williams Northeast Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6192112
Last Updated: 02/13/2021
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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