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Updated almost 6 years ago on . Most recent reply

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Skyler Harrington
  • Rental Property Investor
  • Michigan
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Phoenix AZ, beat price-to-rent areas?

Skyler Harrington
  • Rental Property Investor
  • Michigan
Posted

Hello, I am a new into real estate and have been educating myself for about a year in real estate investing. I have decided the best option for me is the “live in and rent” model. I am also open to the brrrr model. My question is what area of Phoenix has the highest price-to-rent ratio for single family homes as well as a low vacancy percentage? Does anyone have a good website/resource in finding this information? Thank you! 

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Bob Okenwa
  • Real Estate Agent/Investor
  • Peoria, AZ
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Bob Okenwa
  • Real Estate Agent/Investor
  • Peoria, AZ
Replied

@Skyler Harrington

To add onto what @Wes Blackwell said, the parts of town that have the highest price-to-rent ratios are more than likely that places you would not want to reside in. Cheap properties are found in the worse parts of town (Maryvale, South Phoenix, etc.) and if you choose to go such a route, be sure to have a stomach for that kind of environment.

I'd focus on the parts of the city that you would like to live in and also would attract a higher class of tenant. Higher class tenants tend to stay longer and put less wear-and-tear on a property.

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