Does it cash-flow in Tucson?

[Ryan McKean]

Hello, everyone! First off, thank you for reading and taking the time to educate. I am considering purchasing a single-family home off of Speedway and Arcadia and am having a difficult time finding rental info about the area. It is a 3 bed/ 2 bath 1121 sqft home that I will be renovating, and, if all goes to plan, will rent it out and start my rental property portfolio.

The problem is, there are very few rentals available on the market right now (per Zillow and other websites) so I am having a difficult time determining what rents go for in this area. I have a feeling a lot of the rental market is extremely sensitive to U of A being in session (this place is 3 miles away), so i have no idea what i could fetch for rent on this place. Could you please provide approx. cap-rate and avg rents for this area? This is my first project and I am looking for cash-flow, not to flip. I would also be happy to provide details on the deal if you find it relevant. Thank you so much for your time!

[Trevor Muzzy]

Try rentometer.com, or do a Zillow/Trulia rent search for homes with similar characteristics to the property you are evaluating to see what others are asking.

I’m going through the same process and it seems like 1100-1200/month is pretty typical for the Tucson market. Completely remodeled they can go for as high as 1300-1350/month.

-Trevor