This goes only to a few of you who expressed interest in those deals and with whom I'd like to do business together.
Please see examples of 2 different condos in Scottsdale (my own) and average gross and net income and a great opportunity for sale now!
2bedrooms/2baths, 1060 sqft, first floor, furnished, Scottsdale AZ
Now rented till March 15th, 2015!
Sales prices for similar 2 bedroom condos: $150K- $170K
Estimated annual rent income: $22,000
Estimated annual expenses : $ 5050
Estimated average annual net income: $16,950
Estimated average net per month: $ 1412 (after deducting ALL expenses)
Estimated average net per month: $ 1412 (after deducting ALL expenses)
Estimated regular rent per month: $950-$1050 (before deducting all expenses)
Now booked till February 31st, 2015!
Sales prices for similar 1 bedroom condos: $105-$120K
Estimated annual rent income: $18,000
Estimated annual expenses: $ 5,000
Estimated net annual income: $13,000
Estimated average net per month: $1080 (after deducting all expenses)
Estimated unfurnished regular rent: $800- $850 (before deducting HOA, taxes and insurance expenses)
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2 bedroom condo for sale- perfect for vacation rental!
Verona Condominiums
2bedroom/ 2bath, 970sqft, pool views
Asking price: $ 149,000
Target price: $ 145,000
Estimated set-up expenses: $5K-$7K
Estimated annual vacation rental income: $ 22000
Estimated annual expenses: $ 4500
Estimated average annual net income : $ 17500
Estimated regular rent per month: $950-$1050 (before deducting all expenses)
And lets not forget Scottsdale's appreciation...!
See condo video at: https://www.youtube.com/watch?v=ayQYeB7av9Q
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Information deemed to be reliable but not guaranteed. Investors are advised to conduct their own due diligence before purchase
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