Professional grm calculator optimized for multifamily properties in Phoenix. Local market data shows 5.6% average cap rates and $465,000 median property values.
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The Phoenix, AZ multifamily real estate market offers unique investment opportunities. With a median home price of $465,000 and average cap rates of 5.6%,multifamily properties in this market present a stable investment profile.
Current market conditions show properties averaging 30 days on market, with year-over-year appreciation of 5.5%. Average cash-on-cash returns for multifamily investments in Phoenix are approximately 8.8%.