As most of you might know- I'm liquidating my assets in TX and IN and buying condos in Phoenix BECAUSE I found a few to both make a nice yearly return and profit from the expected appreciation.
For example- I bought a 2/2 bedroom condo in Scottsdale one year ago for $130K, today I could sell it for over $160K. However- I'm not selling it- do you know why??? Because it's my most popular vacation rental and it's already rented till April 2015. I also bought a 1 bedroom in Scottsdale for $97K seven months ago and today my neighbors are asking for $123K for exactly the same one! And in the winter- prices will rise again, because the "snow birds" from Canada, the East Coast and Europe will be coming, so if you want a great deal- this is the time to purchase it!
Just bumped into this condo that came out into the market yesterday.
2bedrooms/1bath in Phoenix, beautifully remodeled and freshly painted!
Tile floors, enclosed patio, gym and pool in the complex!
Gated communiy
Mountain views, hiking trails and golfing all around-
perfect as a vacation rental!
Asking price: $ 83,000
Down-payment: $ 21,750*
Vacation rental estimated average rent: $1750 per month
Estimated monthly cash flow for cash: $ 1338
Estimated monthly cash flow for loan: $ 1013
Feel free to contact me for additional details- this one will be sold fast!
Naomiesal@gmail.com
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* For qualified US borrowers.
Information deemed to be reliable but not guaranteed. Investors are advised to conduct their own due diligence before purchase.
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