As you already know I'm a firm believer in the great returns vacation rentals provide as an investment.
I own five of those and I'm VERY happy!
We are not seeing returns of 10% and over in conventional rentals so I believe this is the way to go in Phoenix with rents over $3000 in the high season and full occupancy in the summer as well.
This house has been totally remodeled and exquisitely decorated. New exterior, new flooring, new appliances, new bathrooms, new water heater, new, new, new.....
And it is rented through April 2015!
Sales price: $169,900
Estimated gross annual income: $27,900
Estimated net annual income: $16,836
ROI for cash transaction: 10%
ROI for loan transaction is WAY higher but in this case- cash buyers will be preferred.
Needs to close fast for seller's personal reasons.
All furnishings and decorations, towels, linens, 3 TV sets and much more- will be sold in a separate bill of sale- $6000.
All furnishings and decorations, towels, linens, 3 TV sets and much more- will be sold in a separate bill of sale- $6000.
Contact me ASAP for additional information at: 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.
Naomi Salpeter is a licensed Realtor in AZ with Urman Enterprises LLC.
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