8517 N 1st St., Phoenix, AZ 85020

NOT A SHORT SALE OR REO! Quick answers from a private owner. Tenant occupied for $900/mo. This investment property is located in a great north central Phoenix neighborhood with easy access to the canal for walking or biking. The house is on a large corner lot for plenty of space. Nearby are great restaurants and shopping. This property will bring in total rents of $10,800 less 5% vacancy of -$540 per year so $10,260 adjusted gross income. Then after projected expenses of $2,761 the amount an investor would pocket is $7,499 per year based on pro forma. This is a 7.73% CAP Rate.