Is El Mirage, AZ a good place to invest in rental property?

El Mirage, AZ has a median modeled monthly cash flow of $-491 and a median cap rate of 4.5%, on a median sold price of $345,000. Prices changed +0.4% year over year.

What is the average cap rate in El Mirage, AZ?

The median cap rate across recently sold homes in El Mirage, AZ is 4.5%, based on CashFlowRE's rent and expense modeling.

What is the median home price in El Mirage, AZ?

The median sold price in El Mirage, AZ is $345,000 (about $230 per square foot).

Investing in El Mirage, AZ Real Estate

A data-driven snapshot of the El Mirage, AZ rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$345,000Median sold price

$230Median $/sqft

4.5%Median cap rate

$-491Modeled cash flow / mo

+0.4%Appreciation YoY

6.0Months of supply

148Active listings

294Sold (last 12 mo)

What the El Mirage numbers say

In El Mirage, AZ, the median home sold for $345,000 (about $230 per square foot), and the typical deal models out to a 4.5% cap rate with a median $-491 of monthly cash flow. Sold prices moved +0.4% over the past year. Inventory sits at about 6.0 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Arizona markets to compare

See El Mirage cash-flowing listings

CashFlowRE ranks every for-sale home in El Mirage, AZ by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen El Mirage deals, or browse the national market data.