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Arizona Real Estate Q&A Discussion Forum

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Marc B.
Pro Member
  • Investor
  • Mesa, AZ
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How do you price 2 very unique rental properties rented :?

Marc B.
Pro Member
  • Investor
  • Mesa, AZ
Posted Jul 6 2020, 06:58

I have as somewhat unique type rentals and no idea how to price for sale,  they are Residential ALFs ( single family Homes zoned with city as RALF and operating for 15 plus years ,,,, such operators get $300K revenue yearly) , I have a 3 year lease with 3 year renewal signed and personally guaranteed by 4 individuals operators running place , the comps for a residential home regular is 375,000- 385,000 but not sure what that means in my case as these can't be purchased with regular home loans Here are numbers monthly for each RALF

$2900 rent each

Landlord pays

$50 Hoa each

$64 yard maintenance each

$50 pool maint

Property taxes here are $2300 per year I know move here then is 120 degrees that’s why they are low