Tools

Ask a Question
Start a Discussion
Close
Create an Email Alert

Alerts are a great way for you to stay up-to-date on things you care about. We will email you a list of the new items that match your criteria at a time of your choosing.

This alert is for the following:

Topic:
rental potential around scottsdale

How often would you like the alert emailed?

Frequency:

Immediately Daily Weekly
Maximum 20 emails/day

Save

Cancel E-mail alerts
RSS
Send to del.icio.us
Send to StumbleUpon
Print page

Partner Tools

Views: 470
US
Arizona
Nearby States
- Alabama
- Alaska
- American Samoa
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Florida
- Georgia
- Guam
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Northern Mariana Islands
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Puerto Rico
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virgin Islands
- Virginia
- Washington
- Washington D.C.
- West Virginia
- Wisconsin
- Wyoming
Don't see it?

Find:
Scottsdale
Nearby Cities
- Agua Caliente
- Aguila
- Allenville
- Ambrosia Mill
- Apache Acres Trailer Park
- Arizona Acres Mobile Home Resort
- Arizona State University
- Arlington
- Avondale
- Big Horn
- Blue Star Mobile Home Park
- Bosque
- Buckeye
- Bumstead
- Carefree
- Cave Creek
- Chandler
- Circle City
- El Mirage
- Fort McDowell
- Fountain Hills
- Gila Bend
- Gilbert
- Glendale
- Goodyear
- Guadalupe
- Laveen
- Liberty
- Litchfield Park
- Luke AFB
- Mesa
- Morristown
- New River
- Palo Verde
- Paradise Valley
- Phoenix
- Rio Verde
- Sun City
- Sun City West
- Sun Lakes
- Surprise
- Tempe
- Tolleson
- Tonopah
- Tortilla Flat
- Waddell
- Wickenburg
- Wittmann
- Youngtown
Don't see it?

Find:
North Scottsdale
Nearby Neighborhoods
- Pinnacle Peak
- South Scottsdale
Don't see it?

Find:

rental potential around scottsdale

Contributions: 1

Q&A

:1

Looking to buy rental property,phoenix/scottsdale/pv area/ 150-200K.what is a good area with lot of rental potential.what is a good area with lot of rental potential

Flag content

June 17 - North Scottsdale

RSS

Answers (2)

Best Answer

Roberto Ribas, "azrob"
Contributions: 8603

Roberto Ribas, "azrob"

Real Estate Agent

View my 1 listings

Contributions: 8603

Q&A

:1192
Disc

:7272
Photos

:139

Zillow All-Star

Since January 2009

View full profile

scottsdale is not currently a good investment market for rentals. While prices have fallen, particularly condos, let me share a deal a friend who was considering buying just got:

13 months lease at 810 a month on a two bedroom, with months 7 and 13 free. That works out to what? $685 a month? I advised her to take that and wait a year to buy!

In that area, a 2/2 condo as nice as this rental will sell for 120K or up; throw in 200 a month in hoa, 50 for insurance, and at least 100 a month for maintenance/vacancy and what are you left with? 335 a month on a 120K investment? IF everything goes perfect? rental management will cost you 10%, plus 500 every time it vacates, and that's actually one of the better deals you can get, from someone who knows how to do this, not a lazy agent who just puts it on the mls!

vacancy is high and climbing, rents are under downward pressure...

Flag content

June 17

Daniel Reynolds, "Broker Executives"
Contributions: 239

Daniel Reynolds, "Broker Executives"

Real Estate Agent

View my 1 listings

Contributions: 239

Q&A

:219
Disc

:16
Photos

:4

View full profile

This is an easy answer for our company. It's the 30k SFR homes. For the 200k you're willing to spend you can buy at least 6 homes, yielding 500 per month in rent. Compared with one home...best case scenario, 1350 p/month is lease...and that's if it has a pool. We are doing several deals a day for investors around this price range.

Flag content

June 17

Have a question? Ask it here.

Active North Scottsdale Real Estate Agents

Kristi C Anderson

67 listings

Local Expert
Andrew R Bloom

47 listings

Local Expert
Lynne Ramey

36 listings

Local Expert
Lisa Lucky

21 listings

Local Expert
del_2

21 listings

Local Expert

See more North Scottsdale real estate agents

Question rental potential around scottsdale

Latest answer by Roberto Ribas
June 18

In Investing
2 Answers - 470 Views

See More

Guide What is Gross Rent Multiplier?

In Investing
Edited November 30 2008

Guide A Primer on Tax-Lien Investing

In Investing
Edited November 21 2008

Guide World Class Management Teams Oversee Condo Hotels

In Investing
Edited November 14 2008

Guide Will a Condo Hotel Cash Flow?

In Investing
Edited November 14 2008

Guide What Is a Second Home?

In Investing
Edited November 14 2008

See more articles about Investing

Current Mortgage Rates

Current Last Week

30 Year Fixed

15 Year Fixed

5/1 ARM

Get this widget

<div style="width:298px;height:123px;border:1px solid #adcfff;overflow:hidden;text-align:center;font-family:verdana,arial,sans-serif;font-size:8pt;line-height:13x;background-color:#eff3ff;letter-spacing:0;text-transform:none;">
		<div style="margin: 0 6px;">
			<div style="margin-top:6px;">
				<a href="http://www.zillow.com/Mortgage_Rates/#{scid=mor-wid-lthd}" target="_blank" style="font-size:9pt;color:#36b;text-decoration:none;font-weight:bold;">
				   
						Current
				   
				         
				   Mortgage Rates</a>
			</div>   
			
			<div style="color:#555;margin:5px 0 1px;">
				<span style="padding-left:137px;">Current</span>
				<span style="padding-left:23px;">Last Week</span>
			</div>

<div style="background:#fff;height:60px;width:284px;border:1px solid #adcfff;text-align:left;">
				<div style="width:146px;float:left;">
					<div style="height:20px;background-color:#fff;">
						<div style="padding:3px 0 0 4px;"><a href="http://www.zillow.com/30_Year_Fixed_Mortgage_Rates/#{scid=mor-wid-ltt1}" target="_blank" style="text-decoration:underline;color:#36b;">30 Year Fixed</a></div>
					</div>
					<div style="height:20px;background-color:#eff7ff;">
						<div style="padding:3px 0 0 4px;"><a href="http://www.zillow.com/15_Year_Fixed_Mortgage_Rates/#{scid=mor-wid-ltt2}" target="_blank" style="text-decoration:underline;color:#36b;">15 Year Fixed</a></div>
					</div>
					<div style="height:20px;background-color:#fff;">
						<div style="padding:3px 0 0 4px;"><a href="http://www.zillow.com/5-1_ARM_Mortgage_Rates/#{scid=mor-wid-ltt3}" target="_blank" style="text-decoration:underline;color:#36b;">5/1 ARM</a></div>
					</div>
				</div>
					
				<iframe title="Current Mortgage Rates" frameborder="0" height="60" scrolling="no" width="138" src="/mortgage/MortgageRateTableWidget.htm?wide=1&region=102001">
						Your browser doesn't support frames.  Visit 
					<a href="http://www.zillow.com/mortgage/" target="_blank" style="text-decoration:none; font-size:9pt; font-weight:bold;">Zillow Mortgage Marketplace</a> 
					to see this content.
				</iframe>
				<div style="clear:both;"></div>
			</div>
			
			<div style="margin:4px 6px 0;height:15px;width:276px;">
				<a href="http://www.zillow.com/mortgage/#{scid=mor-wid-ltgr}" target="_blank" title="Zillow Mortgage Marketplace" style="display:block;margin-left:4px;height:15px;width:145px;float:left;"><img src="/static/images/zillow-mortgage-logo-small.gif" alt="Mortgages, Home Loans, and Mortgage Quotes at Zillow Mortgage Marketplace" style="border:none;"/></a>
				   
				<a href="http://www.zillow.com/webtools/widgets/MortgageRateWidget.htm#{scid=mor-wid-ltget}" target="_blank" style="font-size:7pt;color:gray;text-decoration:none;float:right;margin:1px 5px 0 0;width:80px;">Get this widget</a>
			</div>
		</div>
	</div>

Need a Mortgage?

Zillow Mortgage Marketplace

Competitive rates
Accurate, custom quotes
Thousands of lenders

... and, it's free and anonymous

Learn about Zillow Mortgage Marketplace

Zillow Poll:

Suggested by northsalem12

Should realtors be regulated by the federal government?

Yes, with substantial fines for violations

Yes, with a full criminal background check

Next poll
Suggest a poll

Be A Good Neighbor

Zillow® Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy

All Results (39)

Zillow FAQs (0)

Home Buying (0)

Home Selling (4)

Mortgage (1)

Housing Market (0)

Local Topics (0)

Home Ownership (0)

Home Improvement (0)

Home Q&A (33)

Pro-to-Pro (0)

Other (1)

Tools

Create an Email Alert

This alert is for the following:

How often would you like the alert emailed?

Partner Tools

rental potential around scottsdale

Contributions: 1

Best Answer

Real Estate Agent

Contributions: 8603

Zillow All-Star

Real Estate Agent

Contributions: 239

Have a question? Ask it here.

Active North Scottsdale Real Estate Agents

Related Questions

Question rental potential around scottsdale

Related Articles about Investing

Guide What is Gross Rent Multiplier?

Guide A Primer on Tax-Lien Investing

Guide World Class Management Teams Oversee Condo Hotels

Guide Will a Condo Hotel Cash Flow?

Guide What Is a Second Home?

Need a Mortgage?

Get instant mortgage quotes

Be A Good Neighbor

Tools

Create an Email Alert

This alert is for the following:

How often would you like the alert emailed?

Partner Tools

Nearby States

Nearby Cities

Nearby Neighborhoods

rental potential around scottsdale

Contributions: 1

Main Image

Answers (2)

Best Answer

Real Estate Agent

Contributions: 8603

Zillow All-Star

Real Estate Agent

Contributions: 239

Have a question? Ask it here.

Active North Scottsdale Real Estate Agents

Related Questions

Question rental potential around scottsdale

Related Articles about Investing

Guide What is Gross Rent Multiplier?

Guide A Primer on Tax-Lien Investing

Guide World Class Management Teams Oversee Condo Hotels

Guide Will a Condo Hotel Cash Flow?

Guide What Is a Second Home?

Need a Mortgage?

Get instant mortgage quotes

Be A Good Neighbor