Investment Homes for Sale in Phoenix, AZ, US, below $100,000 Oct 15,12

Here are some Investment Homes for sale in Phoenix below $100,000 that came on the market this week.

These homes are my picks for the week. They are good sources of cash flow based on the rental rates in the past 6 months in each subdivision.

These homes will not last long on the market. If you are interested in buying an investment property in Phoenix below $100,000 call me on 480-442-0779.

I will send you the Rental Rates and Rental Analysis for each property if you would like to see them.

Investment Homes for sale in Phoenix $30,000 to $50,000

My pick this week is an investment home priced at $42,000.

This is a Townhouse in Phoenix located close to Broadway and 48th Street which is close to downtown Phoenix.

It is a town home  in the Hallcraft Villas East subdivision.

With 3 bedrooms and 2 bathrooms, this townhouse is 1008 sq. ft. Price per sq. ft. for this unit is $41.67. 

HOA fees is stated at $110 a month. Taxes for 2012 is also quoted as $195 for the year.

Similar townhouses have be rented out for an average of $0.59 per sq. ft in the past 6 months. There are 4 active townhouses currently for rent. These townhouses are listed at an average of $0.63 per sq. ft.

The effective Annual ROI range from 10.5% to 13.3% for this home.

Investment Homes for sale in Phoenix $50,000 to $70,000

My pick for this price range is a single level home for sale in Phoenix.

Located close to 51st Avenue and Camelback road.

A block home with 3 bedroom and 2 bathrooms. 

It is 1116 sq. ft. in size and priced at $68,500, making it $61.38 per sq. ft.

This home for sale in the Maryvale Terrace Subdivision has a renter in place till end of January 2013. 

This home has no HOA fees. Taxes for 2011 was $443.

For the past 6 months, rentals have averaged $0.66 per sq. ft. There are currently 10 similar homes for rent in Maryvale Terrace with average asking price of $0.76 per sq. ft.

The effective Annual ROI range from 9.8% to 11.5% for this home.

Investment Homes for sale in Phoenix $70,000 to $100,000

My last pick for this week is priced at $70,500. This Phoenix home for sale is located close to Camelback and 15th Avenue.

This townhouse is in the Phoenix Townhouse Condominium subdivision.

This home is 1584 sq. ft. with 3 bedrooms and 2 and half bathrooms. Priced at $44.50 per sq. ft.

Price for this home has been reduced twice since September 27th by a total of $4500.

HOA fees are $190 monthly and taxes was $496 for 2012.

In the past 6 months, 2 similar homes have been rented at an average of $0.53 per sq. ft.

There are currently no homes for rent with a similar size.

The effective Annual ROI range from 9.5% to 11.2% for this home.