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

9426 E Champagne Drive Sun Lakes, AZ 85248

3 Beds 3 Baths 2,261 sqft Built 1995

$489,900

List Price

$2,140

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $216.67
  • 4 Days on Market
  • MLS # : 6210413
  • Updated Date : 03/27/2021 at 18:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,261 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Solutions

Listing Agent's Description

Desirable, executive style RENOVATED property awaiting the most discerning buyer! This open concept floor plan boasts a high level of upgrades throughout, it is simply a dream! Featuring 3 bedrooms + 2.5 baths, situated on a premium large, corner lot! This lovely property features newly installed upgraded wood-look plank tile in the living room, & all bedrooms & newly installed custom lighting fixtures throughout! Chef's kitchen features professionally refinished cabinetry, newly installed range, & granite slab counters. Fantastic, cozy dual sided fireplace! Dual master suites - both with their own baths! Main master suite features a newly refinished shower, and a brand new standalone tub! Wonderful, large corner lot - w/large covered patio. 2.5 car gar w/cabinets - THIS IS A MUST SEE!!

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
 

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

PURCHASE PRICE

$1,926$2,354$2,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,140
EXPENSES Loan Payment -$1,702
Property Tax -$335
Property Insurance -$71
HOA -$30
Property Management Fees -$99
CASH FLOW
-$97

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

$2,140

PROJECTED RENT

0.44%

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 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,702

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $122,475
Loan Amount $367,425
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$19,656

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,238

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8803$2,0504$2,0955$2,550
$2,550
RENT COMPS ANALYSIS
  • 9426 E Champagne Drive Sun Lakes, AZ 1
    • 3 beds 3 baths ∙ 2,261 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,261 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9502 E Rocky Lake Drive Sun Lakes, AZ 2
    • 3 beds 3 baths ∙ 2,350 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,350 Sqft ∙ Built 1995
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $0.80
    •  
  • 24427 S Rocky Brook Drive Sun Lakes, AZ 3
    • 3 beds 2 baths ∙ 2,123 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,123 Sqft ∙ Built 2002
    LEASED 12/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.97
    •  
  • 4981 S Vista Place Chandler, AZ 4
    • 4 beds 2 baths ∙ 2,119 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,119 Sqft ∙ Built 1999
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.99
    •  
  • 4932 S Marigold Way Chandler, AZ 5
    • 4 beds 2 baths ∙ 2,119 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,119 Sqft ∙ Built 1999
    LEASED 12/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.20
    •  
PROPERTY LISTING DETAILS
Gregory Hagopian
Re/max Solutions
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6210413
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