Area to Invest in Phoenix, Arizona
I have one mid term rental in Tempe area, looking to invest into SFH long term rental. Any recommendations on areas to focus? Please share your thoughts.
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- Rental Property Investor / REALTOR® / Property Manager
- Gilbert, AZ
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@Prachi Metha I really like the fringe areas to the southeast valley. New builds in Casa Grande are my top pick for a long term rental SFH. Population growth is 6% annually. You can buy a new build for just over $300k and rents for just under $2k, annual property taxes and insurance for under $2500 combine, 2% credits when you use their lender to get interest rate under 7% if you put 25% down. Maricopa and Florence are also good fringe areas in the path of development, but I like Casa Grande the most because of the infrastructure of the two highways that will attract more business/jobs for long term growth.