$100,000 or below Investments properties for sale in Phoenix, Arizona. Here are my 3 best properties for sale you could use as investment properties.
If you are interested in viewing any of these investment homes for sale, please call me on 480-442-0779.
Investment Homes for sale in Phoenix $30,000 to $50,000
For this price range, I picked a a 2 bedroom 2 bath condo for sale in Delano Place, Phoenix.
This condo is 771 sq. ft. in size.
This condo is a previously approved shortsale which helps because it is much further into the process.
2 condos units has been leased out in Delano Place for the asking price in the past 6 months.
The average rent was $.91 per sq. ft. and was rented out after an average of 25 days on the market.
There is currently only one condo unit for rent in Delano Place at $550 a month with 550 sq. ft.
With this Phoenix condo for sale at $41,900, the effective Annual ROI averages 11.9%.
Click here for Rental Analysis for this investment condo for sale in Delano Place.
Investment Homes for sale in Phoenix $50,000 to $70,000
This 3 bedroom home for sale in Phoenix priced at $68,900, is my pick. This home for sale is in Southern Manor, Phoenix zip code 85042.
Built in 1956, there is no HOA in this neighborhood. Needs some work but seems seller is willing to give some credit for paint and carpet.
This 1066 sq. ft. Phoenix home is close to Southern and 24th St and can be rented out for $750 a month averagely.
Only one home is actively listed for rent in Southern Manor and 1 was rented out in past 6 months for full price at $0.68 per sq. ft. after 6 days.
The effective Annual ROI averages 11.8%
Click here for Rental Analysis for this home for sale in Southern Manor, Phoenix, AZ.
Investment Homes for sale in Phoenix $70,000 to $100,000
This foreclosure for sale in Phoenix is priced at $92,900. This 1744 sq. ft. home for sale is in Meadows Subdivision, which is close to 67th Avenue and Lower Buckeye.
Built in 2000, this home has 3 bedrooms, 2 and half baths and a loft. HOA is stated as $96 for 3 months.
There are currently 5 homes for rent in Meadows subdivision in Phoenix and 8 were rented in the past 6 months at $0.58 per sq. ft monthly.
One was rented out as fast as within 3 days and all at full price.
This home in Meadows subdivision can be rented out between $950 and $1000 monthly.
The effective Annual ROI averages 10.4% for this investment home for sale.
Click here for Rental Analysis for this Phoenix investment home for sale in Meadows Subdivision.
If you are interested in buying or looking for investment homes priced below $100,00 in Phoenix, call me on 480-442-0779.
Click here to find other investment homes for sale priced below $100,000 in Phoenix.
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