1060 E Louis WayTempeAZ85284
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Tempe at 1060 E Louis Way, Tempe, AZ, 85284 offers a 8.57% rental yield on a $453,800 purchase with $3,240/mo rent. Total monthly income registers $3,240/mo, and a $2,221/mo payment leaves $258/mo available for distribution. Annual cash flow reaches $3,092/yr on $150,435 to close, and return on cash invested stands at 21.96% in year one. Equity gained on principal adds $2,928/yr while 5% annual appreciation supports $125,377 over five years. Portfolio math shows five-year ROI at 114.36% and total cumulative return in cash at $172,043. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,240/mo property income against a $2,221/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1986
1,179 sqft lot
$N/A/sqft
$300 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85284, Tempe, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,417 (100%) |
| Owner Occupied HU | 5,939 (80.1%) |
| Renter Occupied HU | 1,301 (17.5%) |
| Vacant Housing Units | 177 ( 2.4%) |
| Median Home Value | $658,118 |
| Average Home Value | $726,403 |
Housing Distribution
Address Breakdown
Residential
7,423
Single Family
6,097
Multi-Family
1,326
Businesses
1,589
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
