Investment Homes for Sale in Phoenix Arizona, US, below $100K 10-29-12

3 investment homes for sale in Phoenix, Arizona that will not last by the end of this week.

If you are interested in viewing any of these investment homes for sale, please call me on 480-442-0779.

If you are looking for buy investment homes for sale in Phoenix, take a look at these 3.

 

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

My pick for this category is a condo in Tempe for sale.

Very close to ASU and would be a perfect rental for students and staff at ASU.

This condo has one bedroom and one bathroom.

The kitchen and bathroom have granite countertops. This investment condo for sale is in Chesapeake Condominiums with great amenities.

Major cross roads are Southern and Mill Avenue.

HOA fees are stated as $157.98 monthly with $527.68 as taxes for 2012.

In the past 6 months, 8 condos were rented out at an average of $1.01 per square foot per month.

There are currently 4 condos for rent in Chesapeake Condominiums averaging the same rate $1.01

The effective Annual ROI averages 8.8% for this investment condo for sale in Chesapeake Condominiums

 

 

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

This investment home for sale in Phoenix is priced at $70,000. This home is a 3 bedroom 2 bathroom home, close to Cactus and I-17.

This home for sale is in VALLEY VISTA subdivision. It’s a single story home and is a short sale. There is no HOA and taxes for 2011 were $639.

There are currently 7 homes for rent in VALLEY VISTA priced at an average of $0.70 per square feet.

6 homes were leased out in VALLEY VISTA subdivision at an average of $0.75 per square feet.

These homes were rented out at an average of 55 days on the market.

The effective Annual ROI averages 15.9% for this investment home for sale in Phoenix.

 

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

My last pick for an investment home for sale in Phoenix this week is priced at $79,900

It is a 4 bedroom single level home with 1269 square feet.

This investment home for sale is in the MARYVALE TERRACE subdivision, located close to 59th Avenue and Osborn

This home already has a tenant paying $725 a month.

No HOA fees and taxes for 2011 was $475.

3 homes were rented out in the past 6 months at an average rate of $0.63 per square feet in that block of MARYVALE TERRACE.

There is only one house for rent in MARYVALE TERRACE priced at $850 a month.

The effective Annual ROI averages 9.3% for this investment home for sale in Maryvale Terrace.