Coconino County, Page, AZ 86040
3 bd2 ba1,410 sfBuilt 2027
Gross spread$37,500
Description
New-construction rental underwriting to a 6.8% cap on $22,947 NOI against $337,500 asking, with $27,000 in projected annual rent at $2,250 per month. Expenses are light and defined: $683 in annual property tax, $1,000 insurance, and a $40 monthly HOA, leaving a clean margin for a day-one cash-flow hold. Asking sits $37,500 under the $375,000 ARV, giving the buyer built-in equity at close. The asset is a single-story 3 bed, 2 bath home spanning 1,410 square feet with a 2-car garage, built 2027 in new-construction condition. There is no deferred maintenance or reno timeline; this is a turnkey lease-up rather than a value-add project. Located in Page, 86040, in the northern Arizona market near Lake Powell. Financials and the rent projection are available on request. Call or text Jeremy Lewis at [contact details hidden] if interested.
Property
Systems & condition
Self-reported by the seller. Not inspected.
Seller
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