15231 N 20TH Place

This 4-bedroom, 2-bath home in Phoenix is positioned as a turnkey short-term rental with established guest-friendly amenities and a layout conducive to group stays. The property’s active STR status and robust amenity package—including a heated pool, hot tub, and game room—support its income potential. High-confidence underwriting projects strong cash flow and a compelling cash-on-cash return, making it attractive for investors seeking immediate STR exposure in a major Sunbelt market. The primary caveat is that returns are highly sensitive to occupancy and ADR assumptions, which should be validated against local STR demand and regulatory context.

Phoenix remains a high-demand Sunbelt market for both leisure and business travel, supporting a robust short-term rental sector. This property’s size and amenity set position it well for group bookings, which are a key driver of STR performance in the region. The underwriting is based on high-confidence projections, but investors should remain aware of evolving STR regulations and competitive pressures in the Phoenix market.

Located in a residential area of Phoenix, this property offers a private, amenity-rich experience likely to appeal to families and groups seeking a home base for local attractions. While detailed neighborhood demand signals are limited, the combination of a large lot, pool, and recreational features suggests above-average guest appeal for the area. Conclusions about guest demand are medium-confidence and should be validated with local STR performance data.

At a $589,000 purchase price, underwriting projects a monthly STR income of $7,414 and cash flow of $2,613, assuming a $375 ADR, 65% occupancy, 25% expense ratio, and 20% down at 6.4% interest. The estimated cash-on-cash return is 26.6%, reflecting strong income potential relative to capital invested. These projections are high-confidence but rely on achieving modeled occupancy and ADR; performance may vary with seasonality, competition, and regulatory changes.