2419 W Laurel Ln., Phoenix, AZ 85029

Great Investment Opportunity. Fully renovated. Option for a 1031 Exchange. Property is close to freeway, parks, shopping, restaurants, and schools. Adorable and easy to manage single family residence. Fresh paint throughout. Updated cabinets with tile counter tops. Fenced pool. No HOA. Owner has never occupied premises, so no SPDS and no insurance claims loss history available. Property is leased for $892.50/month. This property is projected to generate total rents of $10,200 less 5% vacancy of $510 per year, equals $8,670 adjusted gross income. Then after projected expenses of $1,572 the net operating income is $7,098 per year based on pro forma. This is a 7.0% CAP Rate. Tenants Rights Prevail. Do Not Disturb. Seller may carry with 25% down, 3 years, 8% interest-only