Phoenix summary statistics (based on 4 properties):
Zestimate Rent ratio
Min. :198472 Min. :1350 Min. :0.005973
1st Qu.:219043 1st Qu.:1384 1st Qu.:0.006125
Median :225965 Median :1408 Median :0.006201
Mean :222630 Mean :1415 Mean :0.006382
3rd Qu.:229552 3rd Qu.:1439 3rd Qu.:0.006458
Max. :240117 Max. :1495 Max. :0.007155 \(Cash.Flow = Rental.Revenue\ - \ P\&I - Taxes\ -\ Insurance\ - \ HOA\)
Based on the 4 houses in the Phoenix area, the average home value is $222,630 and would result in a monthly payment of $1,071.63 with 5% down. The projected rental revenue would be $1,415. Taxes, Insurance, and HOA fees not included.