 |
Saturday, September 04, 2010
 | | | | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1835 E Whitton, Phoenix, AZ |
|
|
Price $125,000 |
Multi Family |
|
|
Bedrooms: 3 |
Floors: 1 |
|
|
Bathrooms: 2 |
Garage: None |
|
|
|
CASH FLOW = $322/mo
VALUE = $147K
PRICE = $125K
Tenant in place at $1000/mo. Cash flow of $322 a month with a $125K loan at 6.5%. Instant equity of $22,000. Last sold for $228K in 2006. APN 119-27-161.
COMPS:
2302 E GLENROSA - Sold $153,000 on 2/27/2009
2202 E SELLS DR - Sold for $140,000 on 3/30/2009 |
|
|
|
|
|
|
|
|
|
|
|
3240 E Oak, Phoenix, AZ |
|
|
Price $115,000 |
Single Family |
|
|
Bedrooms: 5 |
Floors: 1 |
|
|
Bathrooms: 2 |
Garage: None |
|
|
|
CASH FLOW = $477/mo
VALUE = $147K
PRICE = $115k
Instant $32K in equity in this house and tenant in place paying $1100 a month thru Feb 2010. $115K at 6.5% interest, this house cash-flows $477 a month. Deposits of $1500 assignable to buyer at close. New tile (entire house), fresh paint, and new stove put in Jan 2009. Tenant has Lease purchase contract to buy the house at $180K between now and Feb 2010. APN = 120-05-127
COMPS:
3102 E EARLL DR - Sold for $147,500 on 3/13/2009 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| | | | |
|
|
|
|
|
|
|