71% Cash on Cash Return – Phoenix, Arizona

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Project details:

We purchased a four unit apartment complex in Phoenix, Arizona in July of 2020 for $341,000.

We put $86,000 down and financed $255,000.

We spent about $22,000 on improvements such as paint, new hot water heaters, doors, kitchen appliances. etc.

We received an offer we couldn’t refuse for $550,000 and we closed in August of 2021. Our closing costs were about $35,000.

Profit of $152,000.

Project info:


  • 4 Multi-Family Units

  • Phoenix, Arizona

  • $341,000

  • $22,000

  • $550,000

  • 71%

  • $152,000


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