Dewan, Real Estate Pro in ,

Is it wise to make long-term investments in rental properties in the Maryvale and North Mountain neighborhoods?

Asked by Dewan, , Sat Mar 26, 2011

Or are the low prices to buy condos offset by crime and lack of rental demand? Any insider info is appreciated. Thanks.

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#1 View in person, Cruise the hood and think about whether you would want your family to spend a night there alone. Recently went to view a condo off 43rd Avenue. Knew not to expect luxury at $30k, and interior was more than adequate - not bad at all, but the complex and surrounding ones, green pools, broken glass, tractor size tire abandoned in middle of drive. Apparent complete lack of exterior maintenance . . . the realtor was clearly uncomfortable, perhaps outright frightened would be more accurate. Back to #1 - view in person.
0 votes Thank Flag Link Sat Apr 20, 2013
This area is seeing a lot of rejuvenation and investment. I would have your agent pull comps on rental and vacancy rates before making your decision.
0 votes Thank Flag Link Sat Apr 20, 2013
Connecting with the local agents and prepare a research with regard to vacancy rate, and rental comps should help you determine the return on your investment.
0 votes Thank Flag Link Tue Apr 16, 2013
There is a strong rental demand. If you would like to check the crime rates for any particular address, you can do so online at
0 votes Thank Flag Link Thu Apr 11, 2013
In a market where single family homes are so cheap and have no HOA;s Condos and town homes with HOA's that might not be solvent so no conventional lending will be able to be acquired. Single family homes in my opinion are a much better value for you money and a better resale value down the road. You can obtain higher rents for a single family verses a town home or condo as well

Homesaver Real Estate
0 votes Thank Flag Link Wed Apr 6, 2011
You should reach out to some of the other investors in the area to find out what their experience has been. You should also check out the vacancy rate, rental comps, and other market conditions before making a decision. Next, you need to factor all of that info in, and run the numbers.
0 votes Thank Flag Link Sat Mar 26, 2011
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