Price at $845,000! This newly constructed duplex, located in Phoenix, offers a rare investment opportunity with guaranteed rental income.
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<a href="https://www.homes.com/property/501-w-mohave-st-phoenix-az/wfw3rprfc3119/" target="_blank">View property on homes.com<img class="prop-btn-vec" src="https://bucket.ywhdev.com/wl/?id=rWbNAf6NkPwAmR1lGr4xhlmds36PSHf8&fmode=open"/></a>
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This home is listed by Jeremy Behie
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<p class="sec-txt-bld">Projected annual rent:</p>
<p>$62,000</p>
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<div class="sec3-head">Operating Expenses</div>
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<p class="sec-txt">Property Tax:</p>
<p>$3,195</p>
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<p class="sec-txt">Insurance:</p>
<p>$2,700</p>
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<p class="sec-txt">Regular Maintenance:</p>
<p>$2,500</p>
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<p class="sec-txt">Reserves for Replacement:</p>
<p>$3,400</p>
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<p class="sec-txt">Annual Expenses:</p>
<p>$6,095</p>
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<p class="sec-txt">Net Operating Income:</p>
<p>$48,205</p>
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<p class="sec-txt">CAP Rate:</p>
<p>6.24%</p>
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<p class="sec-txt-bld">What Sets It Apart</p>
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Each unit features 5 bedrooms, 2.5 baths, and includes a primary bedroom downstairs. Both units come with walkout balconies offering downtown Phoenix views. New construction with a 1-year builder warranty, private backyards, and separate meters for utilities add to its appeal.
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<p class="sec-txt-bld">Investor HIghlights</p>
<p>Priced at $845,000 with a 6.2% cap rate, this duplex guarantees $3,028.08 per unit in monthly rent, secured by the city of Phoenix. With 1-year leases in place, this property offers steady returns with minimal risk. </p>
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