What would is the average deal in Phoenix, AZ?
Most single-family homes in a decent area range between $350k-$450k. Harder to find a good deal, but they can be had. Good luck!
@Ryan Husser thank you but I should of been more specific, I meant average CoC
@Tatiana Conta No worries! CoC in general isn't great as prices have exploded due to lack of demand in the last 12 months. Some areas such as Mesa, Apache Junction and parts or Glendale might get you close to 2-3% CoC for a longer term rental. But everywhere else you will be negative as rents just haven't quite kept up with prices. I would expect this to stabilize a bit in the next 12-24 months, but I don't see it slowing down anytime soon.