I am the owner and designated broker for my company, SimplySOLDÂ® ND Realty. I am also an attorney specializing in the area of real estate. Unlike your state, attorneys are not involved in residential transactions in Arizona. As a result, my clients get the unique advantage of having an experienced attorney in a position to oversee their real estate transaction. As a result, you will receive the benefit of the highest level of expertise and professionalism available - at no additional charge.
Because I am an attorney, I have the type of 1031 expertise that other agents are unable to duplicate.
And in any event, I live in 85254, so am familiar with the offerings in that area.
Cap rates and ROI are best analyzed on a specific property basis. I would caution you to be leery of generalities concerning the subject.
You might find interesting a study which analyzed the benefit of owning v. renting. It will provide you with benchmarks that will be useful to you - besides illustrating why renting is so profitable in Arizona now. If you would like to read that report, and learn more about completion of a 1031 by purchasing rental property in Scottsdale, contact me directly at firstname.lastname@example.org, and visit my webiste for more info on my brokerage.