Investment Homes in
Flagstaff and Northern Arizona
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Flagstaff’s housing market moves fast, so it’s important to stay up-to-date as new homes come on the market. Receive custom alerts so you don’t miss your dream home!
INVESTMENT HOMES IN FLAGSTAFF
Investment homes are in high-demand in and around Flagstaff, Arizona. New listings in Northern Arizona can move FAST, so it’s important to keep up-to-date as new listings come onto the market. We’ve put together a list of local house listings that would be perfect investment properties for you. We also recommend signing up to receive MLS alerts, so you’ll be the FIRST TO KNOW when your dream home hits the market. When it comes to purchasing an investment property in Flagstaff, it’s best to speak with a REALTOR® about what to expect. Contact us today to get started!
SEARCH FLAGSTAFF REAL ESTATE
WHY INVEST IN NORTHERN ARIZONA REAL ESTATE?
Flagstaff and northern Arizona is a great place for investing in real estate. With a strong influx of young professionals, graduate and undergraduate students at both Northern Arizona University and Coconino Community College, there are lots of individuals looking for rental properties. Vacation rentals are also a huge part of the community. Each year, travelers flood to Flagstaff and northern Arizona looking to visit our wonderful parks, festivals, and nearby National Parks and Monuments and love to utilize the area’s many VRBOs.
In addition, forecasters are predicting the sales prices of homes to continue to rise until at least 2022 within Flagstaff. In fact, since 2015, home prices have increased 38%.
Investing in a home or condo within Flagstaff or northern Arizona can diversify any portfolio with an almost guaranteed tenant or VRBO guest throughout the year.
Meet Best Flagstaff Homes Realty
It’s important to choose a REALTOR® that can advocate for you during the home-buying process and provide you with quick and knowledgable advice and support, especially at this price point. Best Flagstaff Homes Real Estate Agents have a long history in Flagstaff, Arizona, and have more than 100 years of combined realty experience. We’ll help you navigate the competitive housing market to create a stress-free home buying experience that you can feel great about!
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INVESTMENT PROPERTY FAQ
What should I look for in an investment property?
When looking at investment properties, it’s important that you think about what you’re going to use the property for. Are you looking to rent out the house or condo? Are you looking to tear it down and rebuild? Are you looking for a place in Flagstaff to visit during ski season or the summer? Based on your use of the investment property, you can start to weed out properties that don’t match your needs.
For rentals, look for a place that is close to NAU or CCC and that doesn’t have expensive interior features. For a tear-down, any place that is amongst larger and more expensive homes. For a vacation-cabin, a place that is in a major neighborhood or on a major road in Flagstaff. That way your neighbors can observe and report any suspicious behavior and the roads to get to your property will be plowed during the winter.
How will an investment property affect my taxes?
Depending on how you use your investment property, it can affect your owed taxes in a positive or negative way. If you are renting out your property less than 15 days a year, the property is considered “personal-use” by the IRS and you will pay regular mortgage interest, property taxes, etc.- like a normal home. If you are using your property as a rental, you can deduct all expenses and interests– effectively paying less on your taxes. We advise you consult with a tax specialist or attorney before you decide to purchase an investment property so you can file your taxes correctly.
Are rental properties in Flagstaff a good investment?
Yes! Rental properties in Flagstaff or northern Arizona can be very profitable. Thanks to the influx of young professionals, graduate and undergraduate students, there is a regular stream of tenants looking for rental properties. In addition, owning a rental property allows you to deduct almost all expenses related to the house or condo like property taxes, repairs, insurance, and general operation expenses.
What should I have for a down payment?
For investment properties, especially if you’re not going to be living there, it is recommended to have at least 20% of the home’s value for the down payment.
Do I need to have any previous landlord experience to buy a rental property?
Yes and no. Most mortgage lenders require prior landlord experience, as much as two years with some lenders. If you don’t have any prior landlord experience, having a solid and stable income or outsourcing the property management entirely can provide enough confidence to secure a mortgage.
"Jessica and the team were tremendous to work with. They made the process of selling our home simple and fluid. I would highly recommend this team to anyone looking for a knowledgeable team that knows the market."
– CHELSEA M.
"I usually don't do reviews, but Kelly has done such an outstanding job for me for several years now. I bought my first property with Kelly in 2005. She was patient and professional. She took the time to show me several properties at various price points in several areas. Once I found "the one", we wrote up an offer immediately. I still own that home and have since bought 4 additional properties with Kelly. I sold one of those with Kelly. We got the price I wanted. I will use Kelly any time I wish to do business in Flagstaff!"
– MADELINE S.
"When we were relocating to Flagstaff , it was suggested that we contact Kelly Kasprzyk and we were so fortunate to have her as our real estate agent. Kelly is not only energetic and a joy to work with, she worked tirelessly and patiently to help us find the perfect Flagstaff home for our specific needs in this new locale. She not only knows this market and details of all neighborhoods in Flag, she was also extremely helpful during all parts of the process with offering through closure and then our move in. We couldn't be happier with the results."
– PENNY D.
"We had a wonderful experience buying our home with Tad Moore. He is patient and full of knowledge. He guides us through the process and helped us make some very tough negotiations. We felt lucky to have him our corner and fighting for us. Best experience by far in purchasing a home and this will be our third. I highly recommend Tad to anyone buying a home, he is a fantastic agent!!! He will go the extra mile and then some!"
– MELISSA M.
"Tad is a dream to work with. He bears the perfect balance of personality and professionalism. Additionally, he brings a wealth of experience and knowledge to the table and never makes you feel like a burden when you have a lot of questions. His instincts are spot on, and he puts a lot of time and effort into getting to know his clients likes and dislikes so he can guide them to their dream home. I highly recommend him!"
– JAMIE D.
"We can't even begin to explain how wonderful [Best Flagstaff Homes Realty] has been! The moment we met Sara and Jessica, and later Eric, we were beyond impressed. The team's communication and hard work ethic is unmatched. and I strongly believe their " Team Concept" is one of the reasons why this particular realty group is and will continue to be so successful. We honestly can't say enough good things about Sara, Jessica and Eric because truthfully, they went way above our expectations, and we are so incredibly grateful!"
– JAN & MITCH U.
"Eric Davis was recommended by a friend who had had a good experience with him. He was very patient with us over a long period of time always easy to reach and prompt in returning our calls. We never felt like he was just trying to "make a sale" but was looking for the right home for us, and indeed, he found that home. Would recommend him highly."
– BILL & ROZ N.
"I love working with Jessica! She was there for me when I first bought my home and when I sold it to relocate. Both Jessica and Eric were great and available to help me when I needed it and I felt supported, especially during the selling process. They took something that was very scary for me and made it such an easy and painless process. I continue to recommend them to my friends in the area and highly recommend them to anyone reading this."
– JOSE RAMOS GARCIA
"Working with Jessica and Eric were extremely helpful in helping me get the perfect house. I always felt they were working for me and not just out to make a sale. Jessica returned my calls promptly and arranged viewings quickly, which is important in the Flagstaff market. I would recommend them to anyone needing help finding a home."
– CINDY S.
"Let’s put it this way: I would not buy or sell a home without Marian Armstrong. Best realtor in Flagstaff. She loves and knows Flagstaff like nobody else, she’s ridiculously savvy about helping you find the perfect fit, expertly guiding you through the maze of home buying and selling. That expertise is even more essential now than ever. She takes the time to get to know her clients and goes above and beyond for each and every one of them. If I could give her 6 stars I would! I’ve also had the pleasure of collaborating with her colleagues at Best Flagstaff Homes and can tell you that they are an amazing, fun group with a wealth of local knowledge. A great resource in our town."
– KRISTEN I.
"Can’t say enough good things about Jessica Garard and the team at Best Flagstaff Homes Realty... As Flagstaff natives, nobody knows the town and the market better. Jessica is professional, down to earth, accessible and so easy to communicate with. She helped us key in on our favorite neighborhoods and then navigate an extremely competitive sellers market. Through her network, we were able to get a first opportunity and capitalize on an amazing house with forest access. Jessica coached us every step of the way from making an offer, getting under contract, navigating inspections and then closing. She had professionals at her fingertips for every need that arose."
– SCOTT A.
"Eric Davis is an *amazing* agent. He walked us around a bunch of properties virtually before we arrived in town, and then helped us get a fantastic home that we love (not an easy task in this insane market). And what's more, he's been there every step of the way to help us find local handymen, remodelers, etc. He knows pretty much everyone in Flagstaff, and he's more than happy to help out. Also, to boot, he's one of the nicest people we've ever met. Can't recommend him and his agency highly enough."
– ALEXANDER S.
"I loved working with Kelly Kasprzyk on our home sale. She is well-connected with the community and generous with her referrals to professionals to help us get ready. She was a great educator about the process of buying/selling in Flagstaff. Would highly recommend!"
– MICHELLE G.
"Marian Armstrong is amazing. She goes so far above and beyond she is in another galaxy from other agents. She is professional and yet exudes a warmth that makes you wish your deal wouldn’t close so you could spend more time with her. I recommend her to all my close friends as I know she will take good care of them."
– KRISTINA W.
"Tad was awesome to work with! His knowledge of Flagstaff real estate and insight on the market proved to be invaluable in navigating a very competitive market. He was also extremely helpful and detailed in pointing out features/sharing his perspectives during our video showings which made us feel comfortable when we ultimately made an offer...which was accepted (woot- thanks, Tad!)! We just closed on our house & Tad is going above & beyond expectations by continuing to assist us with some logistical coordination w/local utilities as we are currently out of state. We highly recommend Tad!"
– ALLISON G.
"Jessica and her team are amazing. She is an excellent communicator, responds quickly and she knows how to get a deal done. I would highly recommend her to anyone looking to buy or sell real estate."
– NICK S.
"Sara was very professional, personable, a good listener, and extremely responsive. She turned what could have easily been a stressful and frustrating endeavor into a pleasurable experience."
– ANDY R.
"We bought our first home with Sara at Elite Team, the whole experience was wonderful so naturally we returned to her for the purchase of our second home. She couldn’t have done a better job for us! It all fell together so seamlessly because of Sara’s hard work. She found us a house that checked all our boxes plus some! It’s a home for our family. A sanctuary. We are so thankful for her knowledge and her determination to find us an incredible forever home. Thank you Sara and Elite Team for the dedication you show all your clients and this community!"
– AMETHYST D.
"We recently purchased our home with the assistance of agent Kelly Kasprzyk and we couldn’t imagine having done it without her. We were first time home buyers and her experience and professionalism was crucial in closing our deal. If you are looking for an agent that will go above and beyond, you need to give Kelly a call. Kelly, thank you so much for all you have done for us!"
– DANIEL S.