1357 W Los Lagos Vis

Mesa, AZ 85202
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4 bd, 2 ba | 2,072 sqft | Built in 1979

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List Price
$262,999

Initial Investment

$71,770

Purchase Price

$252,000

Down Payment

25%

Rent

$1,800

Total Return

$195,414

Annualized Return

29.9%

Cap Rate

5.5%

Gross Yield

8.6%

Cash Flow

-$681

Appreciation

12.7%
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Features

Occupancy

Occupied

Lease Start

04/01/2015

Lease End

03/31/2021

Lot Size

10,196

HOA

$15/mo

Flood Risk

Not Required

  • Priced competitively below market, $272,500 - $305,000
  • 5% cap rate in 3.5 star Phoenix neighborhood
  • 7 miles from Arizona State University Tempe Campus (50,000+ students)
  • Leased through 3/31/2021
  • Professionally managed by Roofstock certified property manager, Renters Warehouse - 180 DAYS OF FREE MANAGEMENT

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Annual Financial Highlights

Expected Rent

$20,520

Expenses

-$4,901

Property Taxes

-$2,600

Loan Payments

-$13,700

Net Cash Flow

-$681

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