STR in Flagstaff?

[Armando Carrera]

Hi everyone,

Wife and I visited Flagstaff over the weekend and loved it. Now are considering purchasing out there to become part time "snowbirds". We have about $100k to put down which is about 20% in the market we are looking at. With high interest rates, we'd be looking at around $3800 PITI. How successful have any of you been in that market? We can cover that monthly but would be happy with a 50% occupancy to help offset those costs. Recommend any tips (for STRs), any guidance etc.

We live in the Phoenix metro area..

Thanks everyone.

[Chad McMahan]

Quote from @Armando Carrera:

Hi everyone,

Wife and I visited Flagstaff over the weekend and loved it. Now are considering purchasing out there to become part time "snowbirds". We have about $100k to put down which is about 20% in the market we are looking at. With high interest rates, we'd be looking at around $3800 PITI. How successful have any of you been in that market? We can cover that monthly but would be happy with a 50% occupancy to help offset those costs. Recommend any tips (for STRs), any guidance etc.

We live in the Phoenix metro area..

Thanks everyone.

Hi Armando.
Flagstaff is better than average for the country, but still yields lower returns than Sedona. Reach out if we can help with either location.