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16621 N Lakeforest Drive Sun City, AZ 85351

4 Beds 3 Baths 2,553 sqft Built 1974

$325,000

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

November 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $127.30
  • 5 Days on Market
  • MLS # : 6161991
  • Updated Date : 11/18/2020 at 20:14
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,553 sqft
  • Baths : 3 full
Listing Agent

Award Realty

Listing Agent's Description

One of a Kind Sun City Property with a 1000 sq. ft. Addition. Some TLC Required. Featuring 4 Bedrooms and 3 Baths. Over Sized Living Room with Vaulted Ceilings. The Master Bedroom Features Double Sinks, Two Walk-in Closets. Large Covered Patio. One HVAC Replaced in 2013 Service Order in Documents. Roof Replaced in 2013 Invoice in Documents. Windows and Sliding Glass Doors have been updated.

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.
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$1,199
Property Tax -$173
Property Insurance -$77
HOA -$4
Property Management Fees -$99
CASH FLOW
$168

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.

$325,000

PROJECTED PRICE

$1,720

PROJECTED RENT

0.53%

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$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

8.5

YEARS SAVED

$43,014

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
  • $1,983

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7753$1,8004$1,800
$1,800
RENT COMPS ANALYSIS
  • 16621 N Lakeforest Drive Sun City, AZ 1
    • 4 beds 3 baths ∙ 2,553 Sqft ∙ Built 1974 4 beds 3 baths ∙ 2,553 Sqft ∙ Built 1974
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9535 W Country Club Drive Sun City, AZ 2
    • 3 beds 3 baths ∙ 2,300 Sqft ∙ Built 1978 3 beds 3 baths ∙ 2,300 Sqft ∙ Built 1978
    property image
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.77
    •  
  • 10922 W Tropicana Circle Sun City, AZ 3
    • 3 beds 3 baths ∙ 2,387 Sqft ∙ Built 1969 3 beds 3 baths ∙ 2,387 Sqft ∙ Built 1969
    property image
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.75
    •  
  • 19606 N Palo Verde Drive Sun City, AZ 4
    • 3 beds 2 baths ∙ 2,227 Sqft ∙ Built 1978 3 beds 2 baths ∙ 2,227 Sqft ∙ Built 1978
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.81
    •  
PROPERTY LISTING DETAILS
Rodney D Alvord
Award Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6161991
Last Updated: 11/18/2020
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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