2811 E Burkhart Dr., Flagstaff, AZ 86004

This is a multi-use property with all kinds of potential. This has a 7% Cash on Cash Rate of Return or if you're looking, you could use this home for a mother-in-laws quarters. There just aren't a lot of rental properties like this. The main house brings in $1,150 per month and the small house brings in $575 per month. Owner pays utilities, after management fees, utilities, property taxes & putting away $1,800 away for maintenance/capital improvements per year, this house nets a $1,085 per month return or this property nets a 7% rate of return cash on cash. Hurry this won't last long. Note: the main house lease comes up for renewal 8/31/13 and the small house is on a month-to-month lease.