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20415 N Skylark Drive Sun City West, AZ 85375

3 Beds 2 Baths 2,441 sqft Built 1981

$343,500

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $140.72
  • 3 Days on Market
  • MLS # : 6163009
  • Updated Date : 11/21/2020 at 08:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,441 sqft
  • Baths : 1 full , 1 half
Listing Agent

Lablonde Realty, Llc

Listing Agent's Description

Wonderfully maintained & well loved 3 bedroom home! Expansive Kitchen w/ granite counters, 2 pantries, & lots of cabinets. Lg Great Room w TV entertainment center. All bedrooms have laminate wood floors plus baseboard thru-out the house. Dual pane low-E windows on the back public areas. Master Bedroom is en-suite w dual sinks, makeup area, & shower. 2 good size Guest Bdrms w/ WI closets. Lg Guest Bathroom. Ceiling fans in all rooms & garage. Wall AC unit & storage cabinets in Garage. Oversized laundry/office/hobby room. Private backyard w covered patio. New electrical panel. Sellers have done so many updates since they bought it 2004. Absolutely a must see!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sun City West

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $109k271k

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

Neighborhood: Sun City West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10132109

* 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
Thompson Ranch Elementary School Primary Regular 979 46 2
Thompson Ranch Elementary School Middle Regular 979 46 2
Valley Vista High School High Regular 2,457 101 4

Thompson Ranch Elementary School

  • Education Level: Primary
  • # of students: 979
  • # of teachers: 46
2
GreatSchools Rating

Thompson Ranch Elementary School

  • Education Level: Middle
  • # of students: 979
  • # of teachers: 46
2
GreatSchools Rating

Valley Vista High School

  • Education Level: High
  • # of students: 2,457
  • # of teachers: 101
4
GreatSchools Rating
 

$309,150$377,850$343,500

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$1,267
Property Tax -$198
Property Insurance -$75
HOA -$41
Property Management Fees -$99
CASH FLOW
-$120

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.

$343,500

PROJECTED PRICE

$1,560

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.6%
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-$4.0k-$2.0k$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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$96,778

INVESTMENT

$96,778

Down Payment
$85,875
Rehab Estimate
$5,750
Closing Costs
$5,153

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,267

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $85,875
Loan Amount $257,625
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$14,651

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $0.64

    LIST RENT PER SQFT
  • $1,668

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$1,485
1$1,4852$1,5503$1,5604$1,600
$1,600
RENT COMPS ANALYSIS
  • 20415 N Skylark Drive Sun City West, AZ 3
    • 3 beds 2 baths ∙ 2,441 Sqft ∙ Built 1981 3 beds 2 baths ∙ 2,441 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.64
    •  
  • 12826 W Crystal Lake Drive Sun City West, AZ 1
    • 3 beds 2 baths ∙ 2,152 Sqft ∙ Built 1983 3 beds 2 baths ∙ 2,152 Sqft ∙ Built 1983
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,485
    • $0.69
    •  
  • 13448 W Gable Hill Drive Sun City West, AZ 2
    • 3 beds 2 baths ∙ 2,516 Sqft ∙ Built 1983 3 beds 2 baths ∙ 2,516 Sqft ∙ Built 1983
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.62
    •  
  • 17814 N Conquistador Drive Sun City West, AZ 4
    • 3 beds 2 baths ∙ 2,166 Sqft ∙ Built 1979 3 beds 2 baths ∙ 2,166 Sqft ∙ Built 1979
    LEASED 10/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.74
    •  
PROPERTY LISTING DETAILS
Michele J Lablonde
Lablonde Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163009
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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