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Tucson Rental Homes Market - November 2013

A common question home owners and investors ask is, "What is the best type of rental property one could invest in?"  Though there is no clear cut answer, of course, it depends on investment goals, cash flow, personal preference, etc.

The type of investment home that is best can also depend on the specific area - in some areas of Tucson, multi family construction homes are ideal, and in other areas, SFR are more attractive.

Below is a chart of November numbers for the types of rental homes for the Tucson market and the average rent amount:

Patio Homes and Single Family residences clearly generate the best rental income right now in the Tucson market.  

What is the major difference between a patio home and a SFR?  Patio homes have a connecting wall and traditionally just a back patio with no yard.  Here are some other patio home characteristics:

  • Are usually built with 2, 3 or 4 homes per building instead of the continuous row of homes (as with townhomes).
  • HOA often covers roof replacement, exterior maintenance, landscape maintenance, common area maintenance, and other expenses
  • Ideal for vacation homes
  • Commonly includes amenities such as a community pool

Though the numbers on a chart give a good indication of what a home might rent for, it is best to hire an experienced property manager to help with the most update and accurate information for today's rental market.

Buying or selling Tucson real estate, Mt Lemmon, Tucson bank-owned homes, Tucson rental homes, or Tucson lease option homes? Visit www.KGCPropertiesLLC.com .

                                                 

 

This blog is written with my opinions and my opinions are  presented with accuracy but not guarantees. Please talk to a professional before making any real estate, financial or agency decisions.    Gabrielle Kamahele Rhind - 2014. If you want to reprint parts of this - just email me for my permission: KGCProperties@gmail.com .

 

Comment balloon 5 commentsGabrielle Kamahele Rhind • November 20 2013 11:31AM

Comments

Hi Gabrielle, you are a great source of information for anyone looking for rental information in the Tucson area, I hope consumers utilize your vast experience.  I hope you are enjoying the nice mild weather in Tucson, I could go for a bit of that about now.

Posted by Scott Larson, Park City, Utah Real Estate News (BHHS/Utah Properties) over 4 years ago

Gabrielle: With so many choices and options, you nailed it...contact an experienced property manager and take the guesswork out of the rental equation.

Posted by Anita Clark, Realtor - Homes for Sale in Warner Robins GA (ColdwellBanker SSK Realtors ~ 478.960.8055) over 4 years ago

Gabrielle, great information for a potential investor to consider.  I was just contacted by one of my clients who is possibley looking to purchase property in Tucson AZ...I'll contact you when I get a definite from him.

Posted by Nick T Pappas, Madison & Huntsville Alabama Real Estate Resource (Assoc. Broker/Broker ABR, CRS, SFR, e-Pro, @Homes Realty Group, @HomesBirmingham & Providence Property Mgmnt, LLC Huntsville AL) over 4 years ago

Interesting, Gabrielle.  In my neck of the woods we would call patio homes, villas.  You are the agent any prospective investor should use for advice and assistance in first buying and then managing their investment properties.

Posted by Gabe Sanders, Stuart Florida Real Estate (Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales) over 4 years ago

Thank you for the report. What works in your area is different in other markets. 3 family homes in New York City do a better ROI than any other type although I would rather be in Tuscon.

Posted by Jimmy Faulkner, The Best Of St. Augustine (Florida. Homes Realty & Mortgage) over 4 years ago

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