2701 W Ruth Ave., Phoenix, AZ 85051

Investment Opportunity! Occupied! Home recently remodeled with new tile, new carpet, new cabinets, new light fixtures, new counters, refinished and freshly painted walls. Major improvements to the plumbing and electrical systems. Located just seconds away from I-17. Property is leased for $775/mo until April 30, 2014. This property is projected to bring in total rents of $9,120 less 5% vacancy of -$456 per year so $8,664 gross income. Then after projected expenses of $2,808 the amount an investor would pocket is $5,856 per year based on pro forma. This is a 6.51% CAP Rate.