Income & Property
Total expected rent per year (monthly rent x units x 12)
Arizona average: 6%
Property tax, insurance, maintenance, PM, etc.
Purchase price or current market value
Result
Fill in the fields to see your cap rate
Free Arizona cap rate calculator pre-loaded with AZ property tax (0.62%), insurance ($2,000/yr), and vacancy (6%) defaults. Results are for educational underwriting purposes and should not be treated as financial, tax, legal, or investment advice.
Total expected rent per year (monthly rent x units x 12)
Arizona average: 6%
Property tax, insurance, maintenance, PM, etc.
Purchase price or current market value
Result
Fill in the fields to see your cap rate
Median Sale Price
$400,000
+4.5% YoY
Median Rent
$1,700/mo
+3.5% YoY
Vacancy Rate
6%
State average
Days on Market
32
Median DOM
Property Tax Rate
0.62%
Avg Insurance
$2,000/yr
Population Growth
1.6%
Real estate investing is hyperlocal. National averages for property tax, insurance, and vacancy rates can be wildly misleading when underwriting a deal in Arizona. The AZ effective property tax rate is 0.62%, which translates to $2,480/year on a median-priced Arizona home at $400,000. That single line item can be the difference between positive and negative cash flow.
Homeowners insurance in Arizona averages $2,000/year. Failing to account for AZ-specific insurance costs is one of the most common mistakes new investors make when running numbers remotely. Phoenix metro: $1,600-$2,200.
The Arizona vacancy rate currently sits at 6%. Plugging in a generic 5% vacancy assumption when the actual market runs at or below that level will roughly match your projected income. This calculator pre-fills AZ data so your analysis starts from reality, not assumptions.