Would investors consider this a potential deal?
Would any of you consider the following property a possible investment deal?
SFR in Metro Phoenix, AZ. 3 beds (plus a Den that could easily be turned into a 4th) 2 full baths, formal living room/dinig room, kitchen opens to another dining area and family room, 1270 sq ft. Built in 1998 in a planned community with an elementary school and High School within the neighborhood. It needs some cosmetic updates: flooring, countertops, appliances, paint, replacing a few roof tiles. In general the property is well kept and it would be move in ready with just some minor repairs. Low-maintenance, well maintained desert landscape.
Sale price $200,000 firm, Possible ARV $255,000 (sale price of a nice rehab in the neighborhood). As-Is, Cash or Hard Money offers only. Annual Property tax about $1,200.
I appreciate the input.