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1124 E La Mirada Dr, Phoenix, Arizona, 85042
$
4675
Bedrooms
4
Utilities Included
No
Bathrooms
4
Furnished
No
Available to Lease on
TBD
Property Type
Single Family
SQFT
3800
Key metrics
Rent
$
4675
Monthly Estimated Profit?
$
1175
Annual Estimated Profit?
$
14100
Acquisition Fee
$
2500
Security Deposit
$
TBD
Average Daily Rate
$
269
Occupancy
71
Annual Revenue
$
70200
Key Features

This expansive 3,800 sq ft home is ideal for corporate housing, offering a flexible layout with four bedrooms and four bathrooms. Located in a gated South Mountain community, it provides a serene environment just 15 minutes from Downtown Phoenix and Sky Harbor Airport. The property supports multi-year leases and explicit subleasing, making it perfect for companies seeking long-term accommodations for their employees. Its proximity to local attractions and major hospitals enhances its appeal for traveling professionals and academics.

The home features a spacious open floor plan on the main level, including a large kitchen with granite countertops and stainless steel appliances, perfect for entertaining. The living room opens to a private pool and covered patio, offering a relaxing retreat. Upstairs, a generous loft can serve as a study or play area, while the master suite includes a walk-in shower and closet. The property also includes a three-car garage and a home office suite, catering to remote professionals.

Important Notes

Owner will cover the monthly fees of $175 HOA and $200/month pool maintenance fee. Renter is responsible for all utilities including water, sewer, trash, and electricity. Renter must provide proof of renters insurance. No smoking allowed. Home comes unfurnished.

Property Features

• 4 Bedrooms / 4 Bathrooms: Spacious layout for comfort and privacy
• Private Pool: Enjoy a refreshing swim in your own backyard
• 3-Car Garage: Ample parking and storage space
• Home Office Suite: Ideal for remote work
• Gated Community: Added security and peace of mind
• Mountain Views: Stunning scenery from your home

STR Regulations Summary:  

Status:
STR Friendly

View Regulations Here

Phoenix, Arizona allows non-owner occupied short-term rentals (STRs) but has implemented regulations to govern their operation. As of January 15, 2024, all STR operators in Phoenix must obtain a permit from the city3. This applies to both owner-occupied and non-owner occupied properties.Key regulations for non-owner occupied STRs in Phoenix include:

  1. Registration and Permitting: Operators must register with the city and obtain a STR permit, which costs $250 for initial application and renewal3.
  2. Insurance: Maintain liability insurance coverage of at least $500,000 per property1.
  3. Display of Permit: The STR permit/license number must be displayed on all advertisements for the rental3.
  4. Neighbor Notification: Operators must inform adjacent properties of their intent to operate an STR3.
  5. Prohibited Uses: STRs cannot be used for large events like parties or weddings1.
  6. Penalties: Violations can result in fines ranging from $500 for the first offense to $3,500 for the third offense1.
  7. Taxes: STR operators must pay a combined tax rate of 12.57% for all state, county, and city taxes5.

Phoenix's regulations are considered relatively host-friendly compared to other major U.S. cities, as they do not restrict non-owner occupied STRs6. However, operators must comply with all city ordinances to avoid penalties and potential permit suspension13

Property Location