Investor Deal of the Week

I know it's kind of ugly, but that doesn't mean it won't rent and make you money, and you'll own a iconic piece of early Prescott Valley.  Seriously, where can you find cool architecture like that around here.  According to the owner, and I think it is accurate, that this will rent easily at $450/month.  If that's the case, it will make approx $10,800/year.  Take 25% off for maintenance, property tax, insurance, and other cost, and you'll clear $8100/year.  That over an 11% CAP rate.  A capitalization(CAP) rate is calculated by divided your income by the purchase price, in this case, $8,100/$71,500.  And that is if you pay full price.  It's been on the market over a month, and it the foreclosure world, that's old.  Here is a link for more details,

http://www.paarmls.org/prs/maildoc/5384_1323733237-Dec-12-2011-6_40_37pm.html

As always, if you have any interest in this or any other real estate, buying or selling, I would really appreciate having the opportunity to earn you business and confidence.  Call or text me at 928-925-6050, or  email at jpmaneely@kw.com.