Cave Creek, AZ Value Add Rental in a Hot Market

[Ryan Hoover]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $333,000
Cash invested: $69,000

Purchased this 1535 SqFt, 3 bed, 2 bath, 1999 build SFH in a great family neighborhood of Cave Creek, AZ. Put 20% down and then completed a full renovation of the interior for an additional $30k. The house was rented out before the project even got completed for $2k a month, which is about $450 a month cash flow after property management and overhead.