Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1973 E Gemini Place Chandler, AZ 85249

4 Beds 5 Baths 4,046 sqft Built 2004

$1,000,000

List Price

$3,580

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $247.16
  • 2 Days on Market
  • MLS # : 6211619
  • Updated Date : 03/27/2021 at 19:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,046 sqft
  • Baths : 4 full , 1 half
Listing Agent

Offerpad

Listing Agent's Description

This captivating property at Riggs Estates is a true delight! Exquisite curb appeal w/stone accents, lush landscaping, and paver front patio are just the beginning. Car enthusiasts will love the 5 car garage and lift! Step inside to discover sheer beauty & breathtaking detail! Large living/dining room, wood plank tile floor, abundant natural light, and wonderful great room. Gourmet kitchen is every chef's dream! Master retreat has sitting area, glass doors to back patio, and a luxurious ensuite with his & her sinks, garden tub, make-up vanity, and bountiful walk-in closet. Stunning backyard is the perfect place for fun afternoons with the family & a great location for entertaining. Owners have spared no expense!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Riggs Country Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650kPrice in $122k653k

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

Neighborhood: Riggs Country Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $10453196

* 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
Santan Junior High School Middle Regular 1,291 60 9
Basha High School High Regular 2,646 125 8

Santan Junior High School

  • Education Level: Middle
  • # of students: 1,291
  • # of teachers: 60
9
GreatSchools Rating

Basha High School

  • Education Level: High
  • # of students: 2,646
  • # of teachers: 125
8
GreatSchools Rating
 

$900,000$1,100,000$1,000,000

PURCHASE PRICE

$3,222$3,938$3,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,580
EXPENSES Loan Payment -$3,473
Property Tax -$712
Property Insurance -$106
HOA -$42
Property Management Fees -$99
CASH FLOW
-$852

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.

$1,000,000

PROJECTED PRICE

$3,580

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.2%
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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$270,750

INVESTMENT

$270,750

Down Payment
$250,000
Rehab Estimate
$5,750
Closing Costs
$15,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$3,473

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $250,000
Loan Amount $750,000
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$5,827

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,580

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $3,621

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$3,250
1$3,2502$3,3953$3,5004$3,5005$3,580
$3,580
RENT COMPS ANALYSIS
  • 1973 E Gemini Place Chandler, AZ 5
    • 4 beds 5 baths ∙ 4,046 Sqft ∙ Built 2004 4 beds 5 baths ∙ 4,046 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $3,580
    • $0.88
    •  
  • 1965 E Crescent Way Chandler, AZ 1
    • 5 beds 4 baths ∙ 3,764 Sqft ∙ Built 2015 5 beds 4 baths ∙ 3,764 Sqft ∙ Built 2015
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $0.86
    •  
  • 2727 E Teakwood Place Chandler, AZ 2
    • 5 beds 4 baths ∙ 4,015 Sqft ∙ Built 2004 5 beds 4 baths ∙ 4,015 Sqft ∙ Built 2004
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,395
    • $0.85
    •  
  • 813 E Fieldstone Place Chandler, AZ 3
    • 5 beds 5 baths ∙ 3,729 Sqft ∙ Built 2004 5 beds 5 baths ∙ 3,729 Sqft ∙ Built 2004
    LEASED 11/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.94
    •  
  • 873 E Elmwood Place Chandler, AZ 4
    • 5 beds 4 baths ∙ 3,764 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,764 Sqft ∙ Built 2005
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.93
    •  
PROPERTY LISTING DETAILS
Tyler Monsen
Offerpad
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6211619
Last Updated: 03/27/2021
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.

BESbswy