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Arizona Rental Yield Calculator

Calculate rental yield using Arizona market data. Gross yield uses total rent before expenses; net yield subtracts operating costs — the number that actually matters.

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Property & Income

Operating Expenses(Arizona defaults)

Total Annual Expenses$11,993

Gross vs. Net Rental Yield

Gross rental yield is the simplest comparison metric: annual rent divided by total property cost. It's useful for quick screening but doesn't account for the real cost of ownership.

Net rental yield subtracts operating expenses (taxes, insurance, maintenance, management, vacancy) from income before dividing by cost. This tells you what the property actually earns as a percentage of your investment.

The gap between gross and net reveals your expense ratio — how much of your gross income gets consumed by costs. A tight ratio means more money in your pocket; a wide one means the property is expensive to hold.

Arizona Market Context

Avg Cap Rate

5.5%

Median Price

$455K

Property Tax

0.43%

Vacancy Rate

8.8%

Local Factors

  • -Phoenix metro is a major Sun Belt migration destination with strong population growth
  • -Rising insurance costs due to monsoon and wildfire risk
  • -New construction supply in Phoenix suburbs may moderate rent growth

Net Rental Yield

1.4%

Low

Gross Rental Yield

4.0%

Annual Gross Income$18,744
Annual Net Income$6,751
Total Investment$468,650
Total Expenses$11,993
Expense Ratio64.0%
Monthly Net Income$563
NET YIELD1.4%
Net Income$6,751
Property Tax$1,957
Insurance$2,337
Maintenance$4,550
Management$1,500
Vacancy$1,649
Other$0

What does this mean?

A net yield below 3% is typical in high-demand markets where appreciation drives returns more than cash flow. You're betting on the asset growing in value.