1338 E Cinnabar Ave., Phoenix, AZ 85020

1338 E Cinnabar Ave., Phoenix, AZ 85020
Photo 1 of 1
$109,000
Sold on 6/13/14
Beds Baths Sq. Ft. Taxes Built
0.00 0 $470.32 1980
On the market: 160 days
View full details, photos, school info, and price history
NOT A SHORT SALE AND NOT AN REO. Quick response from a private seller. This remodeled Duplex features large units. This property is projected to generate total rents of $15,960 per year adjusted gross income. Then after projected expenses of $2,304 the net operating income is $13,656 per year. This is a 11.47 CAP Rate (very attractive number for investors). Should take less than 9 years to pay itself, plus property appreciates in value each day.
Listing courtesy of HomeSmart