12215 N 112th Lane, Youngtown Az 85363

12215 N 112th Ln, Youngtown, AZ 85363

Duplex Semi-detached - Youngtown Az

This is a Multi-Family Home located at 12215 North 112th Lane, Youngtown, AZ. 12215 N 112th Ln has approximately 1,500 square feet. The property has a lot size of 6,800 sqft and was built in 1962. The average list price for similar homes for sale is $148,250. 12215 N 112th Ln is in the Youngtown Manor neighborhood in Youngtown, AZ.

Characteristics

2 Units – Each unit has 1 bedroom & 1 bathroom

Single Family:   1,500 sq. ft.

Lot Size:             6,800 sq. ft.

Year Built:         1962

Stories:               1

Parking:              2 separate detached carports for 1 car each

Price

$143,000

Cash only. Other option is to use hard money, then immediately cash-out refinance with a lender.

Income               

Current: 1 unit @ $652 (tenant been there 8 years) & 2^nd unit @ $714 (tenant vacated end of Feb)

Market rents @ $725 per unit ($17,400 annual)

Expense (annual)            

$0           Mortgage (20% down @ 5%)

$743      Taxes

$720      Insurance

$870      Maintenance (5%)

$870      Vacancy (5%)

$1,920   Management

$5,123  Expenses

Net Income                                      Cash-on-Cash Return

$12,277 ($1,023 Monthly)             8.5%

*All information provided is approximate and should be verified by the purchaser. There are no guarantees information is accurate.

**ROI is determined by cash flow, market appreciation, tax savings, principal pay down, and rental income. Past performance is no guarantee of future results and individual results may vary. The information and any statistical data contained herein have been obtained from sources which we believe to be reliable, but we do not represent that they are accurate or complete, and they should not be relied upon as such. All opinions expressed and data provided herein are subject to change without notice. Past performance is no guarantee of future results, and current performance may be lower or higher than the performance data quoted. Results shown here are not typical, results will vary based upon real estate prices, interest rates, creditworthiness and many other factors. All information provided is approximate and should be verified by the purchaser. There are no guarantees information is accurate.