High Rise Modern Condo 1/1.5 930 Sqft

[Sara Andrews]

Investment Info:

Condo buy & hold investment.

Purchase price: $362,000
Cash invested: $72,000

Purchased as primary residence. At purchase rent was $2,300 or $2750 Furnished. As of 2022 rent is now $3,200 or $3,800 furnished.
930 sqft 1 bedroom with Den, 1 ensuite bathroom and guest half bathroom. (1/1.5). Current 2022 market recently sold 9/1/2022 $657,000.

What made you interested in investing in this type of deal?

Location is prime in Scottsdale, AZ. Will hold its value by location and uniqueness.

How did you find this deal and how did you negotiate it?

Time on market was around 4 or so months. Was able to come in less than asking.

How did you finance this deal?

Conventional, 30 Year Fixed. Interest Rate at 2.625%