Hello friends,
I've kept quiet for so long...For those who are curious- all this was for good reasons: many presentations, many investors, some more tours to Phoenix- kept me very happy and busy.
The market in AZ has changed a lot in those months. In the last tour we (investors and myself) were very surprised while we toured available properties in the East Valley (Chandler/Gilbert) and saw so many other people searching. Suddenly there's very little inventory and houses get multiple offers and sell over listing price!
So- we sold many houses to our investors in the West Valley where prices went up but there's more options and are wait to see if this is an upward trend or just the "hot" summer months.
This is the reason WHY the deal we have coming up is SO good:
The address:1297 S Bridgegate Dr, Gilbert 85296
Built: 2003
3bedrooms/2baths, 1357 sqf
Sales price: $113,900
Rent: $ 1050
Excellent area and schools, 2 community pools- family oriented neighborhood, very convenient location to all freeways! Short drive to Intel and hi-tech corridor!
Estimated expenses:
HOA; 58/mo
Tax: $ 86/mo
Est. insurance: $ 40/mo
Property management: $75/mo
Est. total expenses:$ 259/mo
Cashflow for cash transaction: $791 per month, ROI: 8.33%!
Cashflow for loan transaction: $306 per month, ROI: 13.6%! Based on 25% down ($27k), 5.5% interest, 30 yrs conventional loan.
Coming up- investors tour to Phoenix- July 16th-17th. Join us!
Tickets are still reasonable. ask me for details!
Naomi.
