Hi all,
Very little inventory and climbing prices are the reality we are seeing in the Phoenix Metro area right now.
Two great houses went under contract this weekend, both 4 bedrooms, 2000sqf in beautiful communities in Phoenix. The houses will be completely remodelled and rented by the time the buyers become the proud owners.
Prices? $97,000 and $110,000 respectively. expected rents $1000- $1100 per month.
The total estimated monthly expenses are under $ 300 which means there's a monthly cashflow of over $700 per month or $8500 per year! This represents a ROI of 8.5 %- 9% for cash transactions!
If you are qualified for a 75% loan- the ROI will climb up to 16% and you'll be able to purchase 3-4 properties witht he same $100,000K investment!
Interested in getting one or more of those for yourself?
Contact me TODAY at: naomiesal@gmail.com.
Yours,
Naomi.
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