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10425 E Champagne Drive Sun Lakes, AZ 85248

2 Beds 2 Baths 2,138 sqft Built 1991

$489,900

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $229.14
  • 3 Days on Market
  • MLS # : 6176162
  • Updated Date : 01/02/2021 at 23:42
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,138 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

GORGEOUS REMODEL in the prestigious GATED community of IronOaks. Huge DEN/OFFICE w/MASSIVE double FRENCH BARN DOORS. OPEN CONCEPT floorplan w/tons of NATURAL LIGHT, vaulted ceilings & skylights. Tastefully redesigned kitchen w/ISLAND, S/S appliances, breakfast bar, pantry, new QUARTZ countertops & white SHAKER STYLE cabinets w/ MATT BLACK hardware & stunning backsplash. New LUXURY VINYL PLANK flooring thru/out & upgraded carpet in bdrms., Master has 2 closets + private exit. Stunning new SHOWER SURROUND in master bath w/dual MARBLE topped vanities. New baseboards, plumbing & light fixtures thru/out + some PLANTATION SHUTTERS. EXTENDED PATIO w/ lush vegetation, raised bed planters & artificial TURF front & back for EZ maintenance-2 car + GOLF CART GARAGE & NEWER HVACS This home has it ALL!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sun Lakes

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $122k377k

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

Neighborhood: Sun Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10451981

* 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
Jacobson Elementary School Primary Regular 889 41 9
Jacobson Elementary School Middle Regular 889 41 9
Hamilton High School High Regular 3,740 190 8

Jacobson Elementary School

  • Education Level: Primary
  • # of students: 889
  • # of teachers: 41
9
GreatSchools Rating

Jacobson Elementary School

  • Education Level: Middle
  • # of students: 889
  • # of teachers: 41
9
GreatSchools Rating

Hamilton High School

  • Education Level: High
  • # of students: 3,740
  • # of teachers: 190
8
GreatSchools Rating
 

$440,910$538,890$489,900

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,808
Property Tax -$335
Property Insurance -$69
HOA -$30
Property Management Fees -$99
CASH FLOW
-$340

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.

$489,900

PROJECTED PRICE

$2,000

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.8%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$135,574

INVESTMENT

$135,574

Down Payment
$122,475
Rehab Estimate
$5,750
Closing Costs
$7,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,808

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $122,475
Loan Amount $367,425
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$8,112

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $2,202

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,575
1$1,5752$1,8253$2,0004$2,5005$2,500
$2,500
RENT COMPS ANALYSIS
  • 10425 E Champagne Drive Sun Lakes, AZ 3
    • 2 beds 2 baths ∙ 2,138 Sqft ∙ Built 1991 2 beds 2 baths ∙ 2,138 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.94
    •  
  • 24809 S Drifter Drive Chandler, AZ 1
    • 2 beds 2 baths ∙ 1,833 Sqft ∙ Built 1989 2 beds 2 baths ∙ 1,833 Sqft ∙ Built 1989
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.86
    •  
  • 10710 E Voax Drive Sun Lakes, AZ 2
    • 2 beds 2 baths ∙ 1,910 Sqft ∙ Built 1992 2 beds 2 baths ∙ 1,910 Sqft ∙ Built 1992
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.96
    •  
  • 10423 E Nacoma Drive Sun Lakes, AZ 4
    • 2 beds 2 baths ∙ 2,115 Sqft ∙ Built 1993 2 beds 2 baths ∙ 2,115 Sqft ∙ Built 1993
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.18
    •  
  • 11017 E San Tan Boulevard Sun Lakes, AZ 5
    • 2 beds 2 baths ∙ 2,241 Sqft ∙ Built 1989 2 beds 2 baths ∙ 2,241 Sqft ∙ Built 1989
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.12
    •  
PROPERTY LISTING DETAILS
Suzy Steinmann
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176162
Last Updated: 01/02/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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