Easy AZ cash flow rental with Owner Carryback Financing

[Nancy Conrad]

This has been a solid performer in our portfolio that's priced under market due to minor fixups needed like paint and carpet. Also, there's plenty of room to charge a higher rent of $750 or better. With that rent, you'd be getting nearly 13% cash on cash return.

We can finance this for you on a 30 year amortization with $11500 down with payments under $355 a month P&I. This gated condo with a pool and spa is in an area that's rising in value near the Cub's spring training park, conveniently located near the Phoenix/Mesa/Tempe light rail system and major freeways. 

The kitchen was gutted are remodeled in 2014, with a new hot water heater and tile. AC/HVAC is in good shape with regular service. This is an easy project - paint, carpet and some minor repairs would get it ready to rent again or flip for a quick profit. 

HOA includes water, sewer and garbage, plus gated security, pool, spa, and laundry facilities. They also cover all exterior maintenance like the roof (always a plus). This unit includes a washer/dryer stack.

We've got other projects to jump in on, and I'd love to sell this to an investor who's looking for an easy to handle project. 

See it on Zillow

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Text me at 480-442-4586 if you're interested.