Phoenix Arizona - SFRs
Individual Investment Properties
&
Multi-Million Dollar Portfolios
We Develop Our Own Investment Properties
*Those are not the actual homes. It is a similar representation of what is to be built.
PROPERTY DESCRIPTION
SFR 1548 sq ft (approx), 4 bed, 2 bathroom with double garage, granite bench tops, stainless appliances, microwave, range, stucco on block exterior, tiles floors throughout heated living areas.
ADDRESS
Phoenix, Arizona
PROFORMA
Find proforma for Phoenix here
CITY & NEIGHBORHOOD
Find out about the demographics, economic data, growth stats for Phoenix Arizona
Video & Drone Footage
Available soon.
OUR TURNKEY SERVICE
We help our US Buyers with their Fannie Mae loans and offer loan help for Intl Buyers.
We work closely with the PM company to place the a tenant in a 1-2 yr lease within 30 – 90 days of close.
We engage only the most professional property managers at discounted rates to manage your property and tenant.
PROPERTY MANAGEMENT: Find out more about our Property Managers: read more here
BANK LOANS/LEVERAGE: Follow this link to see how your investment returns can more than double simply by using the bank’s money read more here
STATED ROIs – Important
Whilst the stated ROIs are believed to be true and correct, Investors should nevertheless do their own research to verify net income to satisfy themselves as to the accuracy of the stated ROIs.
The true return on investment capital is the Internal Rate of Return (IRR) NOT the Cash ROI as many investors believe. Follow this link to see how IRRs are calculated and differ significantly from Cash ROIs . Read more here and also take note of the exclusions from the ROI calculations.
Greater Phoenix residential activity surges amid pandemic
In the rental market, according to RealData, average monthly rents have risen by $404 since 2013 or at a compounded average annual rate of 7.0% each year. However, in 2018 and 2019, average rents rose by more than 9.0%. In 2020, the pandemic scaled back rent growth to 4.5%, but vacancies still declined from 7.0% in 2019 to 6.7% at the end of 2020. This is the lowest rate experienced since the end of the Great Recession and is likely attributed to the influx of people moving to the state during the pandemic. The average rent across all bedroom types at $1,182 is still affordable compared to many other regions and particularly to the West Coast metro areas. Unfortunately, the rising cost of rental housing impacts those households that are the least able to bear the increase.
Home prices during 2020 also rose rapidly across the country, partly driven by the lowest mortgage rates in history. According to the Federal Housing Finance Agency (FHFA), prices rose in the U.S. by an average of 10.8% in 2020. Greater Phoenix saw prices rise by 14.8% over the last year, the fourth-highest rate in the country behind Boise, Tacoma, and Salt Lake City. The S&P Corelogic Case-Shiller Index for the 20 largest metro areas also posted a 14.4% increase for Greater Phoenix, the top spot on the index, just ahead of Seattle and San Diego.
The housing market is clearly on fire and demand is outstripping supply. The number of single-family homes available for sale is less than a one-month supply. Normal is anywhere from three to four months. The median resale home price has risen by $60,000 in the last year from $275,000 in January 2020 to $335,000 in January 2021. New home permits in Greater Phoenix totaled 28,695 in 2020, a 20.2% increase over the 23,876 permits issued in 2019.
So while the local economy is performing better than any other in the country at the current time, demand for housing is pushing costs beyond the reach of some, even with low interest rates. Housing cost is something to watch over the next couple of years with the hopes it does not detract from our competitive advantages.