6240 N 63RD AVE, Glendale | 8.92% NET Return - IPS | International Property Services

Use the form below to register your account.

Security question:

15 + 8 =

Register Account

  • Properties
  • 6240 N 63RD AVE, Glendale | 8.92% NET Return

6240 N 63RD AVE, Glendale | 8.92% NET Return

August 22nd, 2017

Listing ID #2505

  • ,

  • slider
  • slider
  • slider
  • slider
  • slider
  • slider
Property Information
  • Property Type: Apartment
  • Price: $82,000USD
  • Size: 71 sqm
  • Bedrooms: 2
  • Bathrooms: 2
  • Parking: 2 Spaces
  • Pool: Community

$82,000USD @ 8.92% NET Return

This ground floor two bedroom apartment with a great view of the pool also comes with two parking spaces. Tile & carpet combination throughout and with a predominantly light colour palette, this property will appeal to a wide variety of buyers. The light filled living space leads to the timber kitchen complete with dishwasher. A hallway leads to two large bedrooms with built-ins, one with its own bathroom, and there is also an additional bathroom and internal laundry.

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

HOA $137 x 12 = $1,644 Per Year

Property Management Fee 5% = $510 Per Year

Property Tax = $250 Per Year

Insurance = $175 Per Year

Accounting Fee = $300 Per Year

Less Expenses = $2,879

NET Profit = $7,321 USD Per Year or 8.92% NET Return Plus Capital Gains

5 year projection (rent + capital growth) = $59,259 or 72.26% ROI over 5 years

IPS GUARANTEES RENT FOR 5 YEARS PLUS






  

Share this listing

Contact the Agent

Similar Properties