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Investment Property: 3716 W Shangri La Road

Great cash flow investment opportunity!  This newly updated property is priced at $99,900.

Status: Available

Newly remodeled Phoenix, Arizona investment property

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This home features a kitchen with white appliances, maple cabinets, pantry, and nice eat-in kitchen area overlooking covered patio.  Neutral, new carpet throughout, with laminate flooring in kitchen area.  Floor plan offers a great room, formal living room, and 3 bedrooms.  Master has a walk-in closet and built-in cabinets in master bath.  Garage has extended parking .  Roof was recently redone.  Backyard is large with covered patio, RV gate, and BBQ area.

3716 W Shangri La Road is close to shopping, restaurants, and major freeways.

Investor Information:

Dwelling Type: Single Family – Detached
Home Square Footage: 1,458
Lot Square Footage: 8,346
Level: Single Level
Year Built: 1969
Parking: 2 Car Garage
Beds: 3
Baths: 1.75
Fireplace: No
Pool: No
Hoa: No
Rents: 900-950*

Projected Cap Rate: 7.75 – 8.25%*

*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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