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16634 N Lakeforest Drive Sun City, AZ 85351

3 Beds 2 Baths 1,871 sqft Built 1974

$275,000

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $146.98
  • 4 Days on Market
  • MLS # : 6162624
  • Updated Date : 11/19/2020 at 16:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,871 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Private location in Sun City. Save money on electric bills with owned solar panels that stay on the home. High 10' ceiling in the greatroom greats you as you enter the home. Large dining room area that is right off the kitchen. Kitchen has maple cabinets with black appliances and the refrigerator stays. Large Arizona room with its own mini split A/C system to cool it. Skylights in the kitchen and bathrooms help light up the rooms. Master bathroom has upgraded walk in shower with bench and grab bars. Security cameras have been wired into the home and system stays with home. Large backyard patio opens to backyard with lots of citrus trees. Two car garage has lots of room for storage and there are even built in cabinets. Washer and dryer also stay with the home.

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.
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$1,015
Property Tax -$146
Property Insurance -$64
HOA -$38
Property Management Fees -$99
CASH FLOW
$58

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.

$275,000

PROJECTED PRICE

$1,420

PROJECTED RENT

0.52%

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,015

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$26,184

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,420

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,562

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4203$1,6004$1,6005$1,700
$1,700
RENT COMPS ANALYSIS
  • 16634 N Lakeforest Drive Sun City, AZ 2
    • 3 beds 2 baths ∙ 1,871 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,871 Sqft ∙ Built 1974
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $0.76
    •  
  • 10618 W Welk Drive Sun City, AZ 1
    • 3 beds 2 baths ∙ 1,661 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,661 Sqft ∙ Built 1975
    LEASED 10/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.84
    •  
  • 9720 W Briarwood Circle Sun City, AZ 3
    • 3 beds 2 baths ∙ 1,832 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,832 Sqft ∙ Built 1972
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.87
    •  
  • 15637 N 99th Drive Sun City, AZ 4
    • 4 beds 2 baths ∙ 2,124 Sqft ∙ Built 1972 4 beds 2 baths ∙ 2,124 Sqft ∙ Built 1972
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.75
    •  
  • 10814 W Welk Drive Sun City, AZ 5
    • 3 beds 2 baths ∙ 1,924 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,924 Sqft ∙ Built 1974
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.88
    •  
PROPERTY LISTING DETAILS
Andrew Watts
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6162624
Last Updated: 11/19/2020
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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