Try this link:
For sale in the MLS
Townhouse, Condos, Patio Homes available in MLS as of today = 2,480
Single family properties = 13,964
For rent in the MLS
Townhouse, Condos, Patio Homes available in MLS as of today = 1,913
Single family properties = 5,698
Townhouses will have HOA fees that go up over time. HOA fees are typically paid by the Landlord, so this will cut into your return on investment. If you purchase a home at the right price and without a HOA this may be a better investment. It all depends on the price you are paying for a townhome and the neighborhood/community rental prices. Your Realtor can help you with these comparables.
Jeffrey Masich, GRI, MBA
Townhouse will probably be better in terms of return of investment if the price of the townhouse is like half the price of the single family home now, and you can rent the townhouse to close the amount of the single family home. If on the other hand your ultimate goal is to eventually sell the property, the single family home may be a better choice on the long run.
The return depends on several factors. When you are saying single family or townhouse, do you mean that you will have to pay HOA for the townhouse, as opposed to no HOA for a single family.
Either one can be profitable, depending on the variables involved.
Please give me a call for a more in depth analysis.
Steffy Hristova, MBA, SFR, RealtorÂ®
Tel: (480) 966-9353 Fax: (602) 507-3703
3131 E. Camelback Rd. #125
Phoenix AZ 85016