January 05, 2023 at 10:41am | Will Hamburg
We evaluated a 1.8 million dollar property in Sedona for potential investments. From our analysis, we believe the property has the potential to hit a gross annual income of 300 000 USD when fully optimized.

The four bedroom three bath home has great views and could potentially be converted into a five or even six bedroom with the right remodel. To reduce financial burden, we would recommend that it be rented out as a four bedroom three bath, but there are two potential locations in the home where occupancy can be added to boost the income. It may also be worthwhile to add additional glass panels in some of the walls and install a backyard lap swimming pool and a fence as well. Removing the tree on the property will enhance the views and make it a more desirable rental option.

At one million dollar properties, you want to see approximately 150 000 gross annual income, but this one is better. This property is definitely on our list of top performers in the area, and we believe that it would market quite well as a short-term rental.

We hope this analysis was helpful and that you found our advice useful. We will do more deal analyses at least once a week so that everyone can better understand these properties. If you have any questions, please don't hesitate to contact us!



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