Home flips are up 16 percent in the Valley. Homeowners who have equity again are regularly getting calls, letters and knocks at the door from groups that want to buy their homes fast for cash. Investors looking for bargain homes to buy and flip or rent out have gotten more aggressive in metro Phoenix. Four out of the five have median home prices below $200,000. The Phoenix-area neighborhoods that made the list all have median home prices well below the Valley’s overall median of $245,000. MORE: In Phoenix area, you can become an apartment investor for as little as $1,000 25, with a 10 percent return rate for investors and an investment home vacancy rate below 1 percent. The city of Maricopa's 85319 ZIP code ranked No. 21, with a 10.3 percent return rate and an investment home vacancy rate below 1 percent. The south Phoenix ZIP code 85043 came in at No. 20 on the list is the El Mirage ZIP code 85335, with a 10.4 percent return and an investment home vacancy below 1 percent. 13, with an 11.1 percent average return for rental owners and a vacancy rate for investment properties below 1 percent. The Queen Creek ZIP code 85143 ranked No. 11 on the Attom Data Solutions list, the highest of any Valley area. According to the national real-estate research firm, the southwest Valley neighborhood has an average rental return of 11.3 percent and a vacancy rate for investment homes below 1 percent. communities for investors to make money buying homes and turning them into rentals.Īll of the Phoenix-area neighborhoods that rank on the list are affordable areas with many newer homes. Finding bargain homes in metro Phoenix is a lot tougher now that foreclosures have plummeted and home prices have nearly returned to peak levels.īut five ZIP codes made a new top 25 list for the best U.S.
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