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Updated about 7 years ago on . Most recent reply

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Michelle Ayala
  • Investor
  • Milwaukee, WI
4
Votes |
13
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Would investors consider this a potential deal?

Michelle Ayala
  • Investor
  • Milwaukee, WI
Posted

Would any of you consider the following property a possible investment deal?

SFR in Metro Phoenix, AZ. 3 beds (plus a Den that could easily be turned into a 4th) 2 full baths, formal living room/dinig room, kitchen opens to another dining area and family room, 1270 sq ft. Built in 1998 in a planned community with an elementary school and High School within the neighborhood. It needs some cosmetic updates: flooring, countertops, appliances, paint, replacing a few roof tiles. In general the property is well kept and it would be move in ready with just some minor repairs. Low-maintenance, well maintained desert landscape.

Sale price $200,000 firm, Possible ARV $255,000 (sale price of a nice rehab in the neighborhood). As-Is, Cash or Hard Money offers only. Annual Property tax about $1,200.

I appreciate the input.

Most Popular Reply

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9,999
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18,564
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Joe Splitrock
  • Rental Property Investor
  • Sioux Falls, SD
18,564
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9,999
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Joe Splitrock
  • Rental Property Investor
  • Sioux Falls, SD
ModeratorReplied

@Michelle Ayala It sounds like around $7500 worth of repairs in what you listed, maybe more depending on quality of finishes. How much will it rent for? Would you self manage from a distance or hire a PM?

  • Joe Splitrock
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