We just complete a post on our sister site, Urban Life, that may be of interest to real estate investors. The article is an analysis of Phoenix zip code 85006 and below is a quick excerpt.
Investor owners may continue to do well in this area as prices suggest the potential for positive cash flow and some increase in values during the coming years. Since nearly 60% of the residents rent, a number many think will rise with the increase in area foreclosures, a good rental base is in place. Much of the area may be to distressed to attract the increasing ASU downtown population, yet some pockets may be viable. Investors should be aware of potential for rent rates to be on the decline due to competition and low-income demographics.
To read the entire article, simple go to Urban Life.
If you would like to see what is currently on the market in 85006, please use the Phoenix real estate search tool provided below. All ARMLS active listings, including bank-owned properties, are available and the data is updated several times per day.
Best to you,
Gene Urban & Ron Urban
The Urban Team at Realty Executives
602-234-5777
Your source for sound investing information
