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8557 E Nightingale Star Drive Scottsdale, AZ 85266

4 Beds 4 Baths 4,152 sqft Built 2012

$1,899,000

List Price

$5,230

$5K - $5.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $457.37
  • 4 Days on Market
  • MLS # : 6205900
  • Updated Date : 03/11/2021 at 22:48
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,152 sqft
  • Baths : 3 full , 1 half
Listing Agent

Hunt Real Estate Era

Listing Agent's Description

You have found perfection in this custom Scottsdale home located in the gated subdivision of Sierra Boulders. Your long paver driveway leads to your new hacienda where every attention to detail has been made. Custom built in 2012. Incredible outdoor entertaining areas featuring a built-in bar height dining table w/ a firepit! Built in BBQ. A deep covered patio with stone surround fireplace. Heated pool & spa & putting green. Each large bedroom is ensuite to accommodate your family & guests. The master bedroom suite has his & her closets, jetted tub, lg sitting area & an exit to your patio. Chef's kitchen features 6 burner gas cook top & griddle, warming drawer & built in frig. 3.5 min to Carefree & Cave Creek's many restaurants & activities. 12 min to the 101. 32 min to airport.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sierra Boulders

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000k1100k1200kPrice in $122k1221k

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

Neighborhood: Sierra Boulders

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21500200025003000350040004500500055006000Rent in $10456073

* 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
 

$1,709,100$2,088,900$1,899,000

PURCHASE PRICE

$4,707$5,753$5,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,230
EXPENSES Loan Payment -$6,596
Property Tax -$887
Property Insurance -$108
HOA -$29
Property Management Fees -$99
CASH FLOW
-$2,489

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.

$1,899,000

PROJECTED PRICE

$5,230

PROJECTED RENT

0.28%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.5%
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$1.0M$2.0M$3.0M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$40k-$30k-$20k-$10k$0.0$10k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$508,985

INVESTMENT

$508,985

Down Payment
$474,750
Rehab Estimate
$5,750
Closing Costs
$28,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$6,596

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $474,750
Loan Amount $1,424,250
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$466

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $5,230

    LIST RENT
  • $1.26

    LIST RENT PER SQFT
  • $4,775

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$4,500
1$4,5002$5,230
$5,230
RENT COMPS ANALYSIS
  • 8557 E Nightingale Star Drive Scottsdale, AZ 2
    • 4 beds 4 baths ∙ 4,152 Sqft ∙ Built 2012 4 beds 4 baths ∙ 4,152 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $5,230
    • $1.26
    •  
  • 8476 E Montello Road Scottsdale, AZ 1
    • 3 beds 3 baths ∙ 3,929 Sqft ∙ Built 2002 3 beds 3 baths ∙ 3,929 Sqft ∙ Built 2002
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.15
    •  
PROPERTY LISTING DETAILS
Mariaelena Rizzo
Hunt Real Estate Era
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6205900
Last Updated: 03/11/2021
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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