Scottsdale Investment Under Contract

[Pete Winslow]

I currently have an Old Town Scottsdale, AZ property under contract that I plan to house hack into an investment property.  I am new to investing in AZ and I would love to have another set of eyes look over the deal or a partner to come in with me.  I am looking to expand my portfolio and find more deals in the coming months so I would love to build a relationship with anyone interested.  

Some numbers on the deal:

Purchase price: $380,000

Expected monthly income: $2,500

Expected expenses: $2,285

Cash flow (after all expenses): $215

CoC ROI: 16%

I plan to self-manage the property until I acquire more properties in the area.  I believe that with renovation the house will be worth more in the future as well.  Any guidance would be greatly appreciated!