CalculateRealEstateROI

STR Market Brief

Phoenix Airbnb Investment Analysis

Estimated short-term-rental revenue, expenses, and net profit on a median-priced Phoenix property — plus regulatory context.

Projected Revenue
$44,603
Net Income
$3,672
ROI
3.3%
Booked Nights
237
At 65% occupancy
Cash Invested
$111,250
STR Market Strength
100%
vs. national median

Phoenix STR market context

Phoenix supports a moderate STR market — workable for well-located properties, but without the demand premium of top vacation markets.

Phoenix's near-term rent growth has flattened, but the long-term thesis remains intact. Underwrite to 2024 rents, not 2022 peaks.

Underwriting cautions

  • Verify STR permit availability at the parcel level before closing.
  • Apply a 75% haircut to top-quartile AirDNA comps when projecting revenue.
  • Budget 35–45% expense ratio (cleaning, supplies, management, channel fees, utilities).
  • Model a long-term-rental fallback scenario in case STR rules tighten.