Investment Property Under $30,000
This investment property is priced at $25,000 and is 1125 sq. ft. in size with 3 bedrooms with 1 and half bathrooms. It was built in 1960 with NO HOA fees, taxes for 2011 is stated as $456.06. Price per sq. foot is $22.22. This is a HUD home and is currently opened to owner occupants, non- profits and government agencies till Sept 8, 2012 11:59:59. This home is located in Glendale, major crossroads are 63rd Ave and Maryland. This home needs some work.
This can be a flip, as of today, comparable homes are selling between $32,200 to $49,800.
6 month Rental Rates range from $700 to $800 a month offering a median ROI of 28.7% annually before any repairs or improvements
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Investment Property between $30,000 to $50,000
For this price range, a townhouse in Phoenix is my pick. This townhouse is priced at $48, 510 with 1104 sq. ft. of living space. It comes out at $43.94 per sq. foot with $200 monthly HOA fees. $681 was the annual taxes for 2011. This townhouse is a 2 bedroom with 1 and a half bathroom. Major crossroads are McDowell and 44th St., this 2 story home is a bank owned.
Rental rates range from $795 to $900 a month. This yields a median ROI of 13.4% annually before any improvements and repairs to the property.
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Investment Property between $50,000 to $70,000
This single level home is a short sale with a list price of $59,900 and has 936 sq. ft.
It is located in Mesa with major crossroads being Dobson and University. HOA fees are $170 monthly and taxes for 2011 was $335.3. It is a 3 bedroom and 2 bathroom home built in 1979.
The 6-month rental rates ranges from $700 to $950 a month, yielding a median ROI of 10.9% annually with no repairs or improvements.
Pictures and more details for this home for sale
Investment Property between $70,000 to $100,000
The highest priced pick today is $82,900 in Mesa. A three bedroom and 1 ¾ bath home with 1262 sq. ft. of living space. Priced at $65.69 per sq. ft. It is a single level home with major crossroads being Val Vista and Broadway.
This home is a bank owned home and just came on the market yesterday. Rental rates range from $895 to $1,150 a month yielding an ROI of 12.6% before factoring in any repairs or improvements made to the property.
Here are details and photos of this home for sale.
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