There is no best zip code. Each property has to 'stand' on its own merit. Most of SFR (Single Family Residences) are purchased for rentals. Most renters are in "working class' category". So investor needs to take under consideration size of future rent and proximity of work places (also neighborhood appearance and crime rate). On the other hand, in todayâ€™s market there are fine properties for sale at better than reasonable price - and this may be deciding factor.
George in Tucson
Homes for sale â€“ many! http://www.LuxuryTucsonRealEstate.net
Monthly Blog http://www.DestinationTucson.biz
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Make it a great week!
Thomas Weddingfeld, ABR, CNE, DAD, GRI, SFR, REALTOR
There are some great opportunities in 85705 sometimes, and the SW part of town has been "hot" in the entry-level price point...but there is a lot of competition there.
My advice would be to not lock yourself into a particular area, but take a solid look at your investment strategy & stick to it. If a property meets your criteria, then have your agent look at the trendlines that have been going on recently on that street, block, neighborhood & general area. Don't turn down a good property simply because it isn't the zip code you're looking at.
Keep the performance you need first in your mind, the properties will present themselves if your agent has a good handle on what you're looking for.
What type of ROI are you looking for? What type of investment property are you focusing on? Industrial? C-1? Multi Family? Single Family Residence? Strip Mall? Business? Appartment Complex.......
Cash buyer? Money Lender Loan? Conventional?
Do you have an exit strategy ready? How long will you hold the investment and what is your ongoing expatiation of the investment?
This question is too open ended to give a solid answer and besides I would never red line any zip code. Each area of Tucson has great investment properties, which investment type do YOU choose?
Nancy A Bailey, SFR, GRI, CRS
Keller Williams So AZ
PS I live in El Dorado Hills (Sacramento area) but my parents live in Dove Mountain. My husband and I Iike to stay at the Westin in Tucson. (La Paloma) A great area!!!