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Updated over 9 years ago on . Most recent reply

User Stats

26
Posts
7
Votes
Kevin Bieber
  • Tempe, AZ
7
Votes |
26
Posts

Phoenix Property decent cash flow but *slightly worried about the area

Kevin Bieber
  • Tempe, AZ
Posted

Hey Guys-

Wanted to solicit some advice if possible on the phoenix area townhouse i am looking to purchase.  I have run through the numbers and i will be cashflowing on the property for the purchase prices we have agreed to ($81,500 at about $900 per month in rent).

I have walked through the complex and spoken to neighbors who all seemed happy with the townhouse community (one even said it was his favorite place).  But upon doing a crime search of the area on trulia, I see about 4 assaults in the last month.  All of them are outside the townhouse complex, but it's a little concerning to me.

Any advice on this?  Any way to check an area and see if crime has gotten worse or better in past years?  Really want to cover all bases if possible.  

Thanks,

Kevin

Most Popular Reply

User Stats

874
Posts
647
Votes
Dan Schwartz
  • Real Estate Investor
  • Tempe, AZ
647
Votes |
874
Posts
Dan Schwartz
  • Real Estate Investor
  • Tempe, AZ
Replied

You didn't say whether it was north or south Hazelwood. I'd be fine buying in either, personally. 

Edited to add....looks like it's N 15th Ave. looks like a good buy to me. If you are comfortable in the neighborhood (everyone's comfort level differs), then I think you'll do great. Good luck!

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