7. Phoenix, Arizona
With 300 days of sunshine annually, it’s no surprise that Phoenix, Arizona, is a year-round vacation hotspot and has seen tremendous growth as of late thanks to a thriving tech scene. The city and its surrounding landscape have so much to offer locals and visitors alike, from red-rocky hikes and championship golf courses to luxury outdoor shopping malls and a lively nightlife. The attractions are endless and include plenty of family-friendly options, too, like the educational fun found at the Phoenix Zoo and Arizona Science Center. The vacation homes and condos ring in at a median home sale price of $470,000, leaving just one question: bright city views or sweeping vistas of the desert terrain?
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| Cap rate | 7.8% |
| Median home sale price | $470,000 |
| Annual gross rental revenue | $58,363 |
Phoenix is an excellent place to buy a vacation home. It produces excellent income, can be used personally, and let us be honest a wonderful place to retire. If you play it right you can buy your retirement house early, make money during, pay it off (if taking out a loan), and enjoy your paid off house during your golden years.
Juan Pesqueira, Realtor
24/7 Agent (simplifying AZ®e) 