Investment properties are abundant here in the greater Phoenix area. Having sold properties in 4 different states this is by far the best! All the economic indicators are in our favor! Each year we seem to build more new homes than anywhere else in the country. Quality renters are easy to find, jobs are abundant, unemployment hovers around 4% and with between 500-800 new subdivisions being built at any given time there is no artificial inflation and resale’s follow the builders lead.

The best investments are single-family homes for future appreciation and furnished condos are fine for people that want to take advantage of a place to visit themselves. Vacancy rates are very low, 7.61 on average for apartment complexes. Management fees are approximately 10% of moneys collected and leasing fees are typically 1/2 of the first month's rent. Furnished condos will rent for $1200 per month off-season and $1800 to $2200 in season. They cost $180k to $250k with the average homeowners association fee of $150 per month. Single family homes can be bought new or previously lived in for $250k and still make sense as an investment with positive cash flow or break even pretax with 20% invested.

For a more detailed analysis to fit your description let us know the amount of cash you wish to invest, your desired return, either appreciation for future growth or immediate cash flow for today, and how long you intend to hold the investment.