Phoenix, AZ Rental Market for Investors
An estimated 57% of Phoenix's active listings could cash-flow as a short-term rental — here's what the numbers say for investors, as of August 2026.
Homes in Phoenix that pencil right now
A sample of active Phoenix listings whose DSCR clears 1.25 using short-term rental income projections we accept as a direct lender. These are spread across the price range, not ranked, and current as of August 2026.
$145,000DSCR 1.632 bed · 1.5 bath · 960 sqft
- STR revenue
- $26,668/yr
- Est. interest-only payment
- $1,088/mo
On the market 100 days · Listed by Realty One Group
Scout this home & market: 2-bed townhouse in Phoenix
$190,000DSCR 1.502 bed · 1 bath · 864 sqft
- STR revenue
- $30,525/yr
- Est. interest-only payment
- $1,355/mo
On the market 154 days · Listed by Realty One Group
Scout this home & market: 2-bed townhouse in Phoenix
$240,000DSCR 1.332 bed · 2 bath · 872 sqft
- STR revenue
- $34,599/yr
- Est. interest-only payment
- $1,730/mo
On the market 296 days · Listed by Homesmart
Scout this home & market: 2-bed condo in Phoenix
$290,000DSCR 1.913 bed · 3 bath · 1,120 sqft
- STR revenue
- $47,319/yr
- Est. interest-only payment
- $1,649/mo
On the market 12 days · Listed by EMG Real Estate
Scout this home & market: 3-bed house in Phoenix
$375,000DSCR 1.284 bed · 2 bath · 1,926 sqft
- STR revenue
- $41,962/yr
- Est. interest-only payment
- $2,194/mo
On the market 142 days · Listed by Networth Realty of Phoenix
Scout this home & market: 4-bed house in Phoenix
$405,000DSCR 1.643 bed · 2 bath · 1,405 sqft
- STR revenue
- $58,029/yr
- Est. interest-only payment
- $2,365/mo
On the market 68 days · Listed by Coldwell Banker Realty
Scout this home & market: 3-bed house in Phoenix
$443,000DSCR 1.553 bed · 2.5 bath · 1,438 sqft
- STR revenue
- $60,537/yr
- Est. interest-only payment
- $2,601/mo
On the market 123 days · Listed by Homesmart
Scout this home & market: 3-bed house in Phoenix
$475,000DSCR 1.304 bed · 2 bath · 2,299 sqft
- STR revenue
- $53,150/yr
- Est. interest-only payment
- $2,735/mo
On the market 142 days · Listed by Real Broker
Scout this home & market: 4-bed house in Phoenix
$549,900DSCR 1.504 bed · 3 bath · 2,451 sqft
- STR revenue
- $70,262/yr
- Est. interest-only payment
- $3,120/mo
On the market 17 days · Listed by HomeSmart Realty
Scout this home & market: 4-bed house in Phoenix
As of August 2026, we analyzed 3,814 active for-sale homes in Phoenix, Arizona. The typical listing is priced at $475,000 and is projected to generate about $46,243 a year as a short-term rental.
After setting aside an estimated 20% for operating costs, an estimated 57.1% of those homes could still cover an investor mortgage payment on short-term-rental income — roughly in line with the 52.5% median across the 200 major metros we track, ranking Phoenix #79 of 200 for cash-flow potential.
On market momentum: homes in Phoenix sit a median of 65 days on the market, and 28% of active listings came on in just the last 30 days — a steadily paced market, which shapes how much room there is to negotiate.
For a DSCR loan — which qualifies on the property's rental income rather than your personal income — that's a relatively healthy setup: in Phoenix, a meaningful share of listings throw off enough short-term-rental income, after costs, to cover an estimated investor mortgage payment.
What actually works in Phoenix
Phoenix works for investors, but the window is specific: 958 of the 3,002 Phoenix homes, condos and townhomes we can price confidently clear a DSCR of 1.25. Nine in ten of them are priced under $510,000.
| Price | 1 bed | 2 bed | 3 bed | 4 bed | 5 bed |
|---|---|---|---|---|---|
| $150k–$250k | 30%1.10 | 84%1.52 | 97%1.95 | — | — |
| $250k–$350k | 5%0.88 | 32%1.14 | 75%1.41 | 95%1.68 | — |
| $350k–$500k | 0%0.74 | 7%0.88 | 42%1.22 | 60%1.30 | 68%1.52 |
| $500k+ | — | 0%0.54 | 4%0.87 | 11%0.87 | 13%0.81 |
Darker means a larger share of that group cash-flows. “—” means fewer than 8 active listings — too few to draw a conclusion from.
Phoenix in full
| Active for-sale homes analyzed | 3,814 |
|---|---|
| Median list price | $475,000 |
| Median projected STR revenue (annual, gross) | $46,243 |
| Median average daily rate (ADR) | $208 |
| Median occupancy | 62% |
| Median beds | 3 |
| Median size | 1,695 sqft |
| Estimated cash-flow-positive share | 57.1% |
| Median days on market | 65 days |
| New listings (last 30 days) | 27.5% of active |
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