%
CapRateCity
Free cap rate calculators for every US market
← All markets

Cap Rate Analysis: Glendale, AZ

Investment metrics, interactive calculators, and data-driven analysis for Glendale rental properties.

Challenging for pure cash flow
Based on $350,000 median price and $1,480/mo median rent
Est. Cap Rate
3.36%
1% Rule
0.42%
Fails
GRM
19.7x
Price / Income
6.2x

Market Data

Median Home Price$350,000
Median Monthly Rent$1,480
Property Tax Rate0.64%
Population252,000
Population Growth1.2% / yr
Median Household Income$56,200
Vacancy Rate5.5%
Annual Appreciation2.8%

Cap Rate Calculator — Glendale

Pre-filled with Glendale medians. Adjust to match a specific property.

Property Details
$
$
3–8% typical
%
Monthly Expenses
0.64% rate
$
$
8–10% of rent
$
8–12% of rent
$
Cap Rate
2.84%Low
Net Operating Income ÷ Purchase Price
NOI / Year
$9,943
net operating income
Gross Rent Multiplier
19.7x
High (>15)
1% Rule
0.42%
✗ Fails
Monthly Cash Flow
$829
before debt service
Annual Breakdown
Gross Rental Income$17,760
Less Vacancy−$977
Effective Income$16,783
Less Operating Expenses−$6,840
Net Operating Income$9,943

Cash-on-Cash Return — Glendale

Factor in financing to see your actual return on invested capital in Glendale.

$
$87,500
%
%
years
$
taxes + ins + maint + mgmt
$
$
Cash-on-Cash Return
-10.45%Weak
Annual Cash Flow ÷ Total Cash Invested
Total Cash Invested
$98,000
$87,500 down + $10,500 closing
Monthly Mortgage
$1,711
on $263K loan
Monthly Cash Flow
$-853
after all expenses
Annual Cash Flow
$-10,240
before taxes
Cash Flow Breakdown
Monthly Rent$1,480
Less Expenses−$622
Less Mortgage−$1,711
Monthly Cash Flow$-853

Is Glendale a Good Place to Invest in Rental Property?

Glendale, AZ has a population of 252,000 and has been growing at 1.2% annually — above the national average, suggesting steady demand pressure on housing. The median home price of $350,000 paired with median rents of $1,480/mo produces an estimated cap rate of 3.36%.

Property taxes at 0.64% are well below the national average of ~1.1%, providing a meaningful cash flow advantage many investors overlook. The vacancy rate of 5.5% is moderate and within normal parameters for a healthy rental market.

At a price-to-income ratio of 6.2x, homes cost about 6.2 times the local median income of $56,200. This elevated ratio means homeownership is stretched, supporting rental demand but limiting buyer pools. Home values have appreciated at roughly 2.8% annually. Steady appreciation means total returns will be primarily cash flow-driven — the more sustainable model for long-term wealth building.

Bottom line: At current median prices, Glendale is challenging for pure cash flow investing. Consider BRRRR strategies with below-market purchases, or look at neighboring metros with stronger price-to-rent ratios.

Run a BRRRR analysis for Glendale
Model a buy-rehab-refinance deal with Glendale data pre-loaded.
Open BRRRR Calculator →