Scottsdale is so beautiful....

Hello friends,                                                                                        

Uncle Brian and Cooper

It's been almost a month since my last post.
Granted- I've been in London at my Uncle Brian's 90th birthday and still jet- lagged but this one is too exciting to let it pass- IF you have the cash.

View from the patio

This is a spacious 2 bedroom/2bath condo that I saw for the first time today.
Located in a wonderful location in Scottsdale, the prestigious McCormick Ranch!
Convenient to the 101-Loop and close to shopping, golf courses, entertaining and the big Scottsdale Hospital.

1075 sqf., remodeled kitchen and master bathroom, new carpets and paint and lovely patio that faces the pool.

Remodeled kitchen

This unit was purchased for $189,000 in 2008 which means it has plenty of room for appreciation!

Perfect both for cash-flowing conventional rental or short term rentals!
And let's sit quietly and wait for that appreciation to happen!

Asking price: $ 149,900 (but we will offer less!)
Conventional rent: up to $1000
Short term rent: up to $3000 in the high season- $1800 in the low season (summer).

Estimated monthly expenses for conventional rent: $418  
HOA fees:              $250
Insurance:              $ 35
Property taxes:        $ 53
Prop. management:  $ 80

Estimated monthly cash-flow for cash transaction: $ 582 for conventional rent
Estimated monthly cash- flow for loan transaction: $   50 ( is this a math mistake???)

For short term rentals the returns are way higher- but this needs to be discussed in more detail, so contact me directly for more information!

naomiesal@gmail.com

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Information deemed to be reliable but not guaranteed. Investors are advised to conduct their own due diligence before purchasing.