12904 W Mandalay Ln., El Mirage, AZ 85335

INVESTORS ONLY! TENANT OCCUPIED HOME. Turn-key rental opportunity! Just remodeled and occupied with a tenant! Lease runs through March 2011 at $850 per month. $850 Security Deposit will transfer to new owner. Beautiful tan paint with white trim. 3/2 1,300 sf home in a great neighborhood. Built in 2004. Near school and shopping. Currently managed by an excellent management company. Monthly Income $850 Annual Income $10,200, Estimated annual expenses: Insurance $400, HOA $225, Taxes $1,000, 10% Property Management Fee $1,020. Estimated Annual Net Income $7,555 Cap Rate (return) 9.5% Great Northwest Suburb of Phoenix metro area: El Mirage, where much of the job growth will be in the next 20 years.