Rental Property Underwriting in Phoenix, AZ
Low taxes and insurance offset thinner rent-to-price ratios.
Typical SFR price
$420,000 – $520,000
3-bed rent (monthly)
$2,100 – $2,700
Effective property-tax rate
0.55% – 0.75%
Insurance (annual, ~$300k SFR)
$900 – $1,400
Gross rent-to-price (monthly)
0.48% – 0.58%
Landlord-tenant climate
landlord-friendly
Ranges compiled from Zillow, Redfin, and county assessor public data. Last reviewed 2025-10. Use as directional inputs, not appraisals.
What makes underwriting in Phoenix different
- AZ landlord-tenant act is one of the most predictable in the US.
- HOA fees are common ($60-$250/mo) and often missed in first-pass numbers.
- Cooling costs shift maintenance reserves — HVAC replacements are frequent.
Quick worked example
Mid-range Phoenix deal: $470,000 purchase, $2,400/mo rent → gross yield 6.13%. Whether that cash-flows depends on your rate, down payment, taxes at post-sale assessment, and insurance quote — not the metro average.
Other US markets we cover
Rental underwriting in Atlanta, GA →Rental underwriting in Charlotte, NC →Rental underwriting in Raleigh, NC →Rental underwriting in Tampa, FL →Rental underwriting in Orlando, FL →Rental underwriting in Jacksonville, FL →Rental underwriting in Las Vegas, NV →Rental underwriting in Dallas, TX →Rental underwriting in Houston, TX →Rental underwriting in Austin, TX →Rental underwriting in San Antonio, TX →Rental underwriting in Columbus, OH →
Educational content only, not investment or legal advice. Verify all numbers with local professionals before making an offer.