Short Term Rental Investment Properties for Sale in Arizona

Arizona short-term rentals offer strong investment potential amid high tourism demand and favorable state laws protecting property rights. Since the 2016 law enabling short-term rentals, cities like Sedona and Mesa have seen significant market growth despite local regulatory efforts. Investors benefit from average **rental yields** around 8-10% and **cap rates** of 6-7% in key markets. **Appreciation** has averaged 5% annually, driven by population influx and visitor spending. **Renter occupancy** remains high at 65%, supported by platforms like Airbnb while navigating city licensing.