Address: 6711 W Osborn Rd Unit 145, Phoenix, AZ 85033 Cross Streets: 67 Ave & Thomas APN: 102-85-145Bed 2 Bath 1Built: 1985 Living Area: 840 sq/ft Lot Size: 1,494 sq/ft Taxes $246.88 (2013) HOA: $75 monthlyPurchase Price: $39,900New Purchase Price: $37,900Must open escrow before 11/15/2013Rented: $600 month (month to month; tenants have been there for 3+ years!)Description:This 2 bedroom 1 bath townhome requires very little repairs and only minor updating. Updating items consists of; popcorn ceiling, paint, update cabinets, and bathroom. Property features; ceiling fans, good flooring, vaulted ceiling, backyard and porch area.Conveniently located near golf courses, Desert Sky Mall, Westridge Mall, parks, schools, Public library, I-10, Loop 101, and Route 60.Return:$600 x 12 = $7,200 gross yearly rents$7,200 x 70% (30% to account for taxes, insurance, hoa, maintenance, etc) = $5,040 net yearly rents$39,900 Purchase Price + $2,000 Repairs + $2,000 (closing costs & hoa transfer fees) =$43,900 All into It$7,20043,900 = 16.4% ROI$5,04043,900= 11.4% CAPNew Returns:$7,20041,900=17.1% ROI$5,04041,900= 12.0% CAPACCESS: Occupied. Please do not disturb the tenant, which means no knocking on doors, talking to neighbors or screaming out your windows. Please respect their privacy
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