4255 N 68TH Ave, Phoenix | 8.03% NET Return - IPS | International Property Services

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  • 4255 N 68TH Ave, Phoenix | 8.03% NET Return

4255 N 68TH Ave, Phoenix | 8.03% NET Return

July 11th, 2017

Listing ID #2464

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Property Information
  • Property Type: Townhouse
  • Price: $87,000USD
  • Size: 87 sqm
  • Bedrooms: 2
  • Bathrooms: 1
  • Parking: 2 Spaces
  • Pool: Community

$87,000 USD @ 8.03% NET Return

Occupying a sun-drenched position at the end of a row of terraces, this two storey home is as spacious as it is light filled. Floor board throughout, the open plan living and dining space seamlessly incorporates a modern kitchen. Upstairs there are two large bedrooms, both with built in closets and white venetian blinds on the windows and a neatly presented bathroom with a combined bath and shower. The property comes with two car spaces and has an internal laundry. There is a community pool and BBQ area within the landscaped grounds of the complex.

Rent Per Month $850 x 12 = $10,200 Per Year

HOA $160 x 12 = $1,920 Per Year

Property Management Fee 5% = $510 Per Year

Property Tax = $308 Per Year

Insurance = $175 Per Year

Accounting Fee = $300 Per Year

Less Expenses = $3,213

NET Profit = $6,987 USD Per Year or 8.03% NET Return plus Capital Gains

5 Year Return Projection (Rent + Capital Growth) = $59,003 USD or 67.81% ROI

IPS GUARANTEES RENT FOR 5 YEARS PLUS






  

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