Average Cash Flow Per Door In Phoenix Metro Area

[Wes Blackwell]

Hey Everyone! 

I'm writing this post for a few investor clients of mine, and wanted to see what the average cash-flow per door other investors in the Phoenix metro area (Scottsdale, Tempe, Gilbert, Glendale, Chandler, Mesa, Peoria, Surprise, etc.) were getting on their rental properties. 

Of course, the more details you share about the property the better, so here's a generic outline to make sure we get all the necessary info to evaluate what to expect:

• Property Type: (Condo, Single Family House, Multifamily Property)
• Total Doors:
• Purchase Price:
• Year Bought: (Buying at bottom of market obviously makes for more cashflow today)
• Financing: (Cash purchase, financed with percentage down, lease option, etc.)
• How You Found Property: (MLS, Off-market, Wholesaler, Foreclosure, REO, etc.)
• Property & Neighborhood Rating: (A-F, 1 to 10, neighborhood quality and condition of property)
• Net Cashflow Per Door:
• Cap Rate, CoC, Appreciation, Etc.: (Any other metrics or ROI figures you think are important to the deal)

You can either answer in this format or write a paragraph or two including all the details. Figured this would help some beginners know what to expect and see what returns other investors are currently getting in the Phoenix market.

Let's see who has the highest net cashflow!

[Account Closed]

Originally posted by @Wes Blackwell:

Hey Everyone! 

I'm writing this post for a few investor clients of mine, and wanted to see what the average cash-flow per door other investors in the Phoenix metro area (Scottsdale, Tempe, Gilbert, Glendale, Chandler, Mesa, Peoria, Surprise, etc.) were getting on their rental properties. 

Of course, the more details you share about the property the better, so here's a generic outline to make sure we get all the necessary info to evaluate what to expect:

• Property Type: (Condo, Single Family House, Multifamily Property)
• Total Doors:
• Purchase Price:
• Year Bought: (Buying at bottom of market obviously makes for more cashflow today)
• Financing: (Cash purchase, financed with percentage down, lease option, etc.)
• How You Found Property: (MLS, Off-market, Wholesaler, Foreclosure, REO, etc.)
• Property & Neighborhood Rating: (A-F, 1 to 10, neighborhood quality and condition of property)
• Net Cashflow Per Door:
• Cap Rate, CoC, Appreciation, Etc.: (Any other metrics or ROI figures you think are important to the deal)

You can either answer in this format or write a paragraph or two including all the details. Figured this would help some beginners know what to expect and see what returns other investors are currently getting in the Phoenix market.

Let's see who has the highest net cashflow!

  Hi Wes, I was approached by an Investor who wanted to get into the game by learning Subject To. That is best done by doing a Joint Venture on the first couple. Here is how I recently did one with that new Investor. He put in the capital and I put in the expertise and the work. We split the profits 50/50 (all by written agreement of course) Here are the Spreadsheet numbers

The property is a 4 bed 2 bath with pool in Mesa AZ that I found "off market" and negotiated the Purchase & Sale Agreement for $180,000. ARV on it is about $225,000. I put down $15k and the seller took back a 2nd with an underlying loan of $145,000 that we took over. The roof needed to be replaced. Within a week I found a Tenant Buyer who put down $20,000 (which the investor and I split, that made the investor happy ;-) and the Tenant Buyer replaced the roof at his cost, not ours. Our payment on the underlying loan is $995 a month PITI and we have it out to the tenant Buyer for $1650 a month. So, monthly cash flow is about $655 - not a home run but decent.