Title: Looking to Invest in the Phoenix, Arizona Area - Advice Needed

OP

Member since 2025 · 10 posts · 7 votes

1y

All in could be somewhere arround 200K

[email protected]602-684-0198

Brian L HarrisBusiness Member

Member since 2023 · 18 posts · 9 votes

1y

Just to give you an education on the market - the price of a good investment home in Phoenix is around $400K. This would be a 3 bed/2 bath in a good appreciating location. With the high interest rates it hard to get much to cash flow with the traditional 30% down. However, there are a few new home builders that are offering 4.5% 30 year fixed for investors and offer the $400K homes. If you took the $200K as a down and purchased from a builder, you would have a nice investment.

On the other hand if you wanted the total investment to be $200K it would most likely be a condo or townhouse. With those, the HOA fee's usually have a big negative effect on cash flow. The success of this situation would be the financing.

I can share more about either situation,

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OP

Member since 2025 · 10 posts · 7 votes

1y

Hi Brian,

Seems you know alot... would it be ok if we could have a quick call?

Thank you

[email protected]602-684-0198

Brian L HarrisBusiness Member

Member since 2023 · 18 posts · 9 votes

1y

Quote from @Yael Doron:

Hi Brian,

Seems you know alot... would it be ok if we could have a quick call?

Thank you

Of course! I will message you and we can pick a time.

DreamSource Real Estate535 Reviews

OP

Member since 2025 · 10 posts · 7 votes

1y

Thank you Sir.

[email protected]480-795-7938

Patrick O'SullivanBusiness Member

Property Manager · Phoenix, AZ · Member since 2024 · 536 posts · 206 votes

1y

Welcome to BiggerPockets! For rental comps, tools like Rentometer, Zillow, and Apartments.com are great for comparing similar properties.

Feel free to share a specific property or area, and I’d be happy to help guide you through running rental comps. Best of luck with your investment journey!

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Nicholas L.Pro Member

Flipper/Rehabber · Pittsburgh · Member since 2018 · 6k+ posts · 5k+ votes

1y

@Yael Doron

Hi - I don't invest in Phoenix but was just curious if you already own real estate and are looking to expand into Phoenix, or are brand new.

[email protected]832-776-9582 Podcast Guest on Show #469

Wale LawalBusiness Member

Real Estate Broker · Houston | Dallas | Austin, TX · Member since 2018 · 5k+ posts · 2k+ votes

1y

@Yael Doron

If you're working with a $150,000 budget and aiming for high ROI through rental income, consider nearby areas around Phoenix that still offer affordability and growth potential. West Valley cities like Buckeye and Avondale, East Valley spots like Apache Junction and Mesa, or growing areas like Casa Grande and Maricopa are worth exploring. Focus on smaller single-family homes, condos with low HOA fees, or multi-family properties in these regions, and build a reliable local team of agents, property managers, and other professionals to ensure a smooth investing experience. Tools like Rentometer and Roofstock can help with market analysis and property selection.

Good luck!

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Chris B.

Chandler, AZ · Member since 2020 · 295 posts · 272 votes

1y

Lets be honest. You won't find any reasonable ROI in the Phoenix area with $150k to $200k down. I live in the area and just gave up looking for now. Yes you can find properties which you will be able to purchase, but ROI will be near zero or negative. If you want ROI, look to other parts of the country. People investing in Phoenix are seeking appreciation.

OP

Member since 2025 · 10 posts · 7 votes

1y

@Wale Lawal thank you so much for your response we will deffently look into those places!

OP

Member since 2025 · 10 posts · 7 votes

1y

@Chris B. thank you for your honest opinion we know it is near to immposible... if it was easy than everybody would do it :)

Jake BakerBusiness Member

Flipper/Rehabber · San Diego, CA · Member since 2020 · 1k+ posts · 696 votes

1y

@Yael Doron

Consider markets like Mesa, Glendale, Avondale, or Goodyear. These areas tend to have more affordable properties compared to central Phoenix and still offer strong rental demand and appreciation potential.

[email protected]

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Cara Lonsdale

Realtor and Investor · Scottsdale, AZ · Member since 2017 · 1k+ posts · 1k+ votes

1y

Initially, your search may be discouraging @Yael Doron. Our market is somewhat shifting, but it is still showing signs of thriving, with many opportunities for growth. So, your focus may need to pivot from high rental cash flow to little to no cash flow as a rental with an appreciation upside.

I would recommend taking your $150K to $200K and securing a solid equity position in something that will cover its expenses and maybe provide a small cash flow, but then is poised to appreciate nicely over the course of the next several years. In the end, it may be the same amount of money or more, but it will just have to be structured differently as you navigate the shifting market.

Northwest Valley would be a good option. Southeast Valley would also be good. There are also case by case opportunities within the North Phoenix market where rental rates are stronger. You are priced out of Scottsdale quite a bit, but you might find something adjacent which would provide some good opportunities.