Surprise, AZ Rental Market for Investors
An estimated 43% of Surprise'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 Surprise that pencil right now
A sample of active Surprise 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.
$205,000DSCR 1.512 bed · 2 bath · 884 sqft
- STR revenue
- $38,451/yr
- Est. interest-only payment
- $1,697/mo
On the market 11 days · Listed by Realty ONE Group
Scout this home & market: 2-bed condo in Surprise
$323,000DSCR 1.933 bed · 2.5 bath · 1,578 sqft
- STR revenue
- $56,102/yr
- Est. interest-only payment
- $1,934/mo
On the market 40 days · Listed by Opendoor Brokerage, LLC
Scout this home & market: 3-bed house in Surprise
$339,900DSCR 1.343 bed · 3 bath · 1,574 sqft
- STR revenue
- $42,651/yr
- Est. interest-only payment
- $2,123/mo
On the market 24 days · Listed by West USA Realty- Fountain Hills
Scout this home & market: 3-bed house in Surprise
$360,000DSCR 1.433 bed · 2.5 bath · 1,866 sqft
- STR revenue
- $46,181/yr
- Est. interest-only payment
- $2,158/mo
On the market 94 days · Listed by Redfin Corporation
Scout this home & market: 3-bed house in Surprise
$375,000DSCR 1.343 bed · 2 bath · 1,662 sqft
- STR revenue
- $46,344/yr
- Est. interest-only payment
- $2,314/mo
On the market 183 days · Listed by Real Broker
Scout this home & market: 3-bed house in Surprise
$410,000DSCR 1.283 bed · 2 bath · 1,864 sqft
- STR revenue
- $46,494/yr
- Est. interest-only payment
- $2,420/mo
On the market 151 days · Listed by Cactus Mountain Properties, LLC
Scout this home & market: 3-bed house in Surprise
$425,000DSCR 1.614 bed · 2 bath · 1,869 sqft
- STR revenue
- $61,621/yr
- Est. interest-only payment
- $2,557/mo
On the market 9 days · Listed by HomeSmart
Scout this home & market: 4-bed house in Surprise
$439,900DSCR 1.273 bed · 2.5 bath · 2,485 sqft
- STR revenue
- $49,215/yr
- Est. interest-only payment
- $2,588/mo
On the market 17 days · Listed by eXp Realty in Arizona
Scout this home & market: 3-bed house in Surprise
$456,900DSCR 1.404 bed · 2.5 bath · 2,645 sqft
- STR revenue
- $58,257/yr
- Est. interest-only payment
- $2,778/mo
On the market 23 days · Listed by Real Broker
Scout this home & market: 4-bed house in Surprise
As of August 2026, we analyzed 1,256 active for-sale homes in Surprise, Arizona. The typical listing is priced at $469,445 and is projected to generate about $40,973 a year as a short-term rental.
After setting aside an estimated 20% for operating costs, an estimated 42.8% of those homes could still cover an investor mortgage payment on short-term-rental income — below the 52.5% median across the 200 major metros we track, ranking Surprise #134 of 200 for cash-flow potential.
On market momentum: homes in Surprise sit a median of 69 days on the market, and 25% 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 — Surprise runs tighter once operating costs are accounted for: many listings need a below-median price, a stronger short-term-rental setup, or more money down before the income covers the payment. It's a market where running the numbers property-by-property matters.
What actually works in Surprise
Surprise works for investors, but the window is specific: 198 of the 1,148 Surprise homes, condos and townhomes we can price confidently clear a DSCR of 1.25. Nine in ten of them are priced under $521,000.
| Price | 1 bed | 2 bed | 3 bed | 4 bed | 5 bed |
|---|---|---|---|---|---|
| $150k–$250k | 0%0.86 | 58%1.29 | — | — | — |
| $250k–$350k | — | 16%0.93 | 67%1.34 | — | — |
| $350k–$500k | — | 5%0.79 | 18%0.97 | 28%1.16 | 83%1.46 |
| $500k+ | 0%0.46 | 0%0.52 | 1%0.64 | 4%0.84 | 23%1.05 |
Darker means a larger share of that group cash-flows. “—” means fewer than 8 active listings — too few to draw a conclusion from.
Surprise in full
| Active for-sale homes analyzed | 1,256 |
|---|---|
| Median list price | $469,445 |
| Median projected STR revenue (annual, gross) | $40,973 |
| Median average daily rate (ADR) | $175 |
| Median occupancy | 64% |
| Median beds | 3 |
| Median size | 2,072 sqft |
| Estimated cash-flow-positive share | 42.8% |
| Median days on market | 69 days |
| New listings (last 30 days) | 25.1% of active |
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