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9227 E Champagne Drive Sun Lakes, AZ 85248

2 Beds 2 Baths 2,200 sqft Built 2002

$500,000

List Price

$2,420

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $227.27
  • 3 Days on Market
  • MLS # : 6211721
  • Updated Date : 03/27/2021 at 05:59
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,200 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty East Valley

Listing Agent's Description

This beautifully maintained home is now for sale! You'll love the desert style front yard and the charming courtyard entry. Light & bright interior offers plantation shutters on every window, fabulous great room, vaulted ceilings, ceiling fans, tile flooring in all high traffic areas, a built-in media niche in the family room, and a charming den. Spotless eat-in kitchen features bay windows, granite counters, island for prep & breakfast bar, a pantry, custom cherry cabinets, and high-end SS appliances. Roomy master retreat has a private exit, bay windows, and a lavish en-suite w/ dual sink vanity & walk-in closet. Amazing backyard has an extended covered patio, wired for a hot tub, and lush green grass. Extended garage has room for your golf cart. Golf year round in beautiful Sun Lakes!

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
Bogle Junior High School Middle Regular 1,225 56 8
Hamilton High School High Regular 3,740 190 8

Bogle Junior High School

  • Education Level: Middle
  • # of students: 1,225
  • # of teachers: 56
8
GreatSchools Rating

Hamilton High School

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

$450,000$550,000$500,000

PURCHASE PRICE

$2,178$2,662$2,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,420
EXPENSES Loan Payment -$1,737
Property Tax -$341
Property Insurance -$70
HOA -$30
Property Management Fees -$99
CASH FLOW
$143

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.

$500,000

PROJECTED PRICE

$2,420

PROJECTED RENT

0.48%

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$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

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$138,250

INVESTMENT

$138,250

Down Payment
$125,000
Rehab Estimate
$5,750
Closing Costs
$7,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,737

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $125,000
Loan Amount $375,000
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$40,580

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,420

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $2,552

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,0003$2,4204$2,5955$3,000
$3,000
RENT COMPS ANALYSIS
  • 9227 E Champagne Drive Sun Lakes, AZ 3
    • 2 beds 2 baths ∙ 2,200 Sqft ∙ Built 2002 2 beds 2 baths ∙ 2,200 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,420
    • $1.10
    •  
  • 9617 E Eddystone Court Sun Lakes, AZ 1
    • 2 beds 2 baths ∙ 1,922 Sqft ∙ Built 1986 2 beds 2 baths ∙ 1,922 Sqft ∙ Built 1986
    LEASED 12/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.04
    •  
  • 9221 E Cedar Waxwing Drive Sun Lakes, AZ 2
    • 2 beds 2 baths ∙ 2,028 Sqft ∙ Built 1995 2 beds 2 baths ∙ 2,028 Sqft ∙ Built 1995
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.99
    •  
  • 23613 S Illinois Avenue Sun Lakes, AZ 4
    • 2 beds 3 baths ∙ 2,086 Sqft ∙ Built 2003 2 beds 3 baths ∙ 2,086 Sqft ∙ Built 2003
    LEASED 06/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $1.24
    •  
  • 24118 S Lakestar Drive Sun Lakes, AZ 5
    • 2 beds 2 baths ∙ 2,187 Sqft ∙ Built 2004 2 beds 2 baths ∙ 2,187 Sqft ∙ Built 2004
    LEASED 01/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.37
    •  
PROPERTY LISTING DETAILS
James Thompson
Keller Williams Realty East Valley
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6211721
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.

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