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Old 10-09-2011, 03:52 PM
 
3 posts, read 4,167 times
Reputation: 10

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hi every body,
i want to buy a single house for investment.
i want to buy it and rent it.
budjet is about 85K,
i do not want the house to be vacant( or minimize the chances)
my realtor told me he has great oportunities in maryvale.
i"m a little bit concern since i"ve heard bad things about this neighbourhood, and i"m not sure if its easy to rent it there.
i will be thankfull if any one can advise or coment about this issue.
is it possible or better to find a house in chandler, or gilbert ,
at about this sum of money?
thank you very much.
proffesionals and realtors, are welcome to advise also.
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Old 10-09-2011, 04:26 PM
 
3,391 posts, read 6,634,421 times
Reputation: 3810
Quote:
Originally Posted by i_klip View Post
my realtor told me he has great oportunities in maryvale.
Mmmm, opportunities in Maryvale? Price-wise, yes. The Maryvale precinct also has the highest violent crime rate in the city, according to the Phoenix Police Department. Official Site of the City of Phoenix - Crime Statistics and Maps
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Old 10-09-2011, 04:56 PM
 
3 posts, read 4,167 times
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Default thanks for your advise,

but are there no houses or places in marivale, which are not so bad?
well i"m not going to live there,
just to invest,
is chandler better?
are there good houses there under 100K
same question for gilbert
thank you very much.
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Old 10-09-2011, 05:01 PM
 
Location: Tempe
1,832 posts, read 5,381,243 times
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Why would you buy a house and rent it to a bunch of ghetto people. Is it worth the time and damage they will do to your house. Maryvale is cheap for a reason and next to South Phoenix its as ghetto as they come.
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Old 10-09-2011, 05:05 PM
 
Location: Phoenix, AZ > Raleigh, NC
17,639 posts, read 23,417,676 times
Reputation: 30370
I know it's a strange idea, but have you considered other investments? Most especially, ones that do not require you to become an inexperienced landlord, and take the risk of going into debt with a mortgage.

Step back, take a breath and re-assess your goals, skills, knowledge and risks.
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Old 10-09-2011, 05:05 PM
 
3,391 posts, read 6,634,421 times
Reputation: 3810
Quote:
Originally Posted by i_klip View Post
but are there no houses or places in marivale, which are not so bad?
well i"m not going to live there,
just to invest,
is chandler better?
are there good houses there under 100K
same question for gilbert
thank you very much.
If you're going to invest money, why would you not be concerned about whether that money would be wasted? If it's a bad neighborhood you wouldnt live in, wouldn't you assume you'd be spending extra money on repairs due to crime and vandalism, bad tenants, etc.?

You asked for opinions. I gave you a link to crime stats for the area. If those details are not relevant to your decision, then best wishes to you.
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Old 10-09-2011, 07:00 PM
 
Location: Gilbert - Val Vista Lakes
6,069 posts, read 13,922,942 times
Reputation: 3862
For Gilbert, you can count on around $125k to 150k for a nice rental.
For East Mesa, it's a little cheaper, but some of the areas are spotty.

Maryvale is considered one of the worst areas in Phoenix, probably worse that S. Phoenix. Those who live there will have a different view.

Some people love to buy there to rent because they can get higher returns. However, with higher returns comes higher risk.

Personally I would not invest in any of those areas.

Your Realtor probably understands those areas, and understands your needs, goals and tolerances, so her advice may be best for you.
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Old 10-09-2011, 10:58 PM
 
10 posts, read 14,914 times
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For $85k budget, I would highly suggest the Foothills North area, I-17 and 101/Deer Valley (zip code 85027). My house was rented just a few weeks after the rehab has been completed. It's 3/2 , 1101 sq ft and rented for $995. No HOA.

Also you can try I-17 and Dynamite (Norterra Pointe), zip code 85083. My house was rented while still under rehab, just 2 weeks after purchase. 3/2, 1299 sq ft rented for $1095.
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Old 10-09-2011, 11:17 PM
 
3 posts, read 4,167 times
Reputation: 10
thanks to everyone here,
i will be glad to here from anyone.
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Old 10-09-2011, 11:32 PM
 
2,879 posts, read 7,324,027 times
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I paid 18,500 in 85014Moderator cut: snip.

Last edited by Kimballette; 10-10-2011 at 12:29 PM.. Reason: We don't grade for spelling and grammar on City-Data.
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