Is This 2/2 Townhome in Glendale a Good Investment? Rental vs. Flip

[Sean MacDonald]

Hey Everyone,

I currently have a 2 bed / 2 bath townhome in the 85031 area of Glendale, just north of Grand Canyon University. We have it listed for $184,900, and it seems like it could work either as a rental or a quick cosmetic flip.

• ARV: ~$235K based on comps in the area
• Rental Potential: Estimated rents around $1,700/month
• Condition: Cosmetic updates needed but nothing major from what I can see. No pool, HOA is $235/month.
• Year Built: 1964

What do you think? Is there enough margin here for a flip, or would this be better as a long-term rental? I'd love to hear thoughts on how you’d approach this one.