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9319 E Champagne Drive Sun Lakes, AZ 85248

2 Beds 2 Baths 2,192 sqft Built 2002

$445,000

List Price

$2,380

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $203.01
  • 2 Days on Market
  • MLS # : 6213199
  • Updated Date : 03/27/2021 at 15:42
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,192 sqft
  • Baths : 2 full
Listing Agent

Revinre

Listing Agent's Description

Popular Trova model in gated Oakwood Country Club with 2 Bedrooms & Den/Office 2 Bath. Living space features vaulted ceilings, Spacious kitchen open to the family room featuring granite counters, black appliances, breakfast bar, pantry and plenty of cupboard space. Master Bedroom & Bath, Walk in Shower, Separate toilet room and Large Walk in Closet w/lots of Storage. Inside Laundry w/Washer & Dryer and Utility Sink. Upgrades include an Insulated 4 foot Extended Garage, Full length patio cover, rounded drywall corners, ceiling fans, R-38 ceiling insulation. PLUS GREAT SUN LAKES AMENITIES like: golf, tennis, pickleball, pools, fitness center, clubs, social activities & restaurants!

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
 

$400,500$489,500$445,000

PURCHASE PRICE

$2,142$2,618$2,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,380
EXPENSES Loan Payment -$1,546
Property Tax -$304
Property Insurance -$70
HOA -$14
Property Management Fees -$99
CASH FLOW
$347

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.

$445,000

PROJECTED PRICE

$2,380

PROJECTED RENT

0.53%

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$123,675

INVESTMENT

$123,675

Down Payment
$111,250
Rehab Estimate
$5,750
Closing Costs
$6,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,546

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $111,250
Loan Amount $333,750
See What Happens When You Reinvest Cash Flow

9.42

YEARS SAVED

$59,270

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,380

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $2,543

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,0003$2,3804$2,5955$3,000
$3,000
RENT COMPS ANALYSIS
  • 9319 E Champagne Drive Sun Lakes, AZ 3
    • 2 beds 2 baths ∙ 2,192 Sqft ∙ Built 2002 2 beds 2 baths ∙ 2,192 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,380
    • $1.09
    •  
  • 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
Michael J Ellis
Revinre
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6213199
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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