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16018 N Lakeforest Drive Sun City, AZ 85351

2 Beds 2 Baths 1,886 sqft Built 1972

$354,000

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $187.70
  • 2 Days on Market
  • MLS # : 6163612
  • Updated Date : 11/21/2020 at 14:32
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,886 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Located in one of the best parts of Sun City this updated property features two bedrooms, two full baths, dining room, living, room, and family room/office, updated kitchen and 2.5 car garage (golf cart parking). The Property has porcelain tile in the dining room and kitchen, beautiful parquet wood flooring in living room and halls and new carpet in bedrooms and family room. the Kitchen has quartz counter tops and brand new appliances. This home has a flowing open floor plan. huge covered patio, desert landscaping front and back. Located right across the street from opening holes of Palmbrook Country Club this property sits in a most desirable location of this 55+ coummunity.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sun City

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $80k271k

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

Neighborhood: Sun City

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8261567

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

SCHOOLS

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$318,600$389,400$354,000

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,430
EXPENSES Loan Payment -$1,306
Property Tax -$188
Property Insurance -$64
HOA -$41
Property Management Fees -$99
CASH FLOW
-$268

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$354,000

PROJECTED PRICE

$1,430

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 9.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$99,560

INVESTMENT

$99,560

Down Payment
$88,500
Rehab Estimate
$5,750
Closing Costs
$5,310

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,306

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $88,500
Loan Amount $265,500
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$6,147

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
  • $1,424

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2503$1,3504$1,3955$1,400
$1,400
RENT COMPS ANALYSIS
  • 16018 N Lakeforest Drive Sun City, AZ 1
    • 2 beds 2 baths ∙ 1,886 Sqft ∙ Built 1972 2 beds 2 baths ∙ 1,886 Sqft ∙ Built 1972
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9930 W Gulf Hills Drive Sun City, AZ 2
    • 2 beds 2 baths ∙ 1,597 Sqft ∙ Built 1972 2 beds 2 baths ∙ 1,597 Sqft ∙ Built 1972
    property image
    LEASED 01/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.78
    •  
  • 9519 W Hidden Valley Circle Sun City, AZ 3
    • 2 beds 2 baths ∙ 1,597 Sqft ∙ Built 1972 2 beds 2 baths ∙ 1,597 Sqft ∙ Built 1972
    property image
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.85
    •  
  • 15602 N 105th Drive Sun City, AZ 4
    • 2 beds 2 baths ∙ 2,014 Sqft ∙ Built 1971 2 beds 2 baths ∙ 2,014 Sqft ∙ Built 1971
    property image
    LEASED 03/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.69
    •  
  • 17623 N Foothills Drive Sun City, AZ 5
    • 2 beds 2 baths ∙ 1,999 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,999 Sqft ∙ Built 1978
    property image
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.70
    •  
PROPERTY LISTING DETAILS
Glen Daugherty
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163612
Last Updated: 11/21/2020
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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