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Investment Property: 10416 N 38th Drive

Great cash flow investment opportunity!  Purchase this newly updated property priced at $96,900.

Status: Available

Newly updated Phoenix, Arizona investment property

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This turnkey investment property has all new interior paint and carpet.  Kitchen features slate tile flooring, white appliances, breakfast bar and pass-thru window out to covered patio.  Great for entertaining!  Windows have new wood mini blinds.  Property is located on a large lot with RV gate.

10416 N 38th Drive is in close proximity to shopping, restaurants, and major freeways.

Investor Information:

Dwelling Type: Single Family – Detached
Home Square Footage: 1,417
Lot Square Footage: 9,871
Level: Single Level
Year Built: 1971
Parking: 2 Car Garage
Beds: 4
Baths: 2
Fireplace: No
Pool: No
Hoa: No
Rents: 850-900*

Projected Cap Rate: 7.50 – 8.00%*

*The range given for the rental income and capitalization rate is calculated based on rental data from a licensed property management professional and is assuming a 2 month vacancy. Expenses used in this calculation are a 10% property management fee, $75/mo homeowners ins., and 2010 property tax bill.  This is strictly a projection and may vary depending on when property is acquired.  For more information on this property, please contact Clear Vision Investment Group.

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