For those who made great investments in the Phoenix Metro area and fell in love with AZ and for those who haven't yet: Chandler is AZ's hi-tech hub with 4 Intel locations there (10,000 employees!),
EBay/Paypal, Microchip, Freescale and many of others located in Chandler's "Technology Corridor".
See more: http://en.wikipedia.org/wiki/Chandler,_Arizona
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| 3bedrooms/2baths, 1162 sqf, built in 2003. |
This cute home is offered for investors only as it is tenant occupied till March 2014 (tenant might extend lease).
Sales price: $ 149,000 (down payment- $37K only*)
Rent: $975 -should be around $1100 :-(.
Estimated monthly cash-flow for cash purchase: $700 ROI: 5.6%
Estimated monthly cash-flow for loan purchase: $160 ROI: 5.2%
The returns are not the same we had 2 years ago- that's for sure but these amounts are still better than what the bank or the stock market render for your money, so....
And what about the appreciation?
Zillow predicts home values in Chandler will rise 7.8% in the next year. Other similar homes in Chandler sell for around $160K, so here there is equity from the start!
Possible higher rents- by turning it into a vacation rental once the current lease expires as it's sorrounded by golf courses.
Let me know if interested and ready to move forward with an investment- AZ's market is HOT and properties go FAST!
Naomiesal@gmail.com
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* For qualified US borrowers only.
Information deemed to be reliable but not guaranteed.
Investors to conduct their own due diligence before purchase.
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