1244 N Miller RdTempeAZ85281
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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
Rental property for sale in Tempe at 1244 N Miller Rd, Tempe, AZ, 85281 generates $3,672/mo in rent and, after a $3,035/mo payment, leaves $7/mo in cash flow. Total monthly income is $3,672/mo, and annual cash flow is $80/yr on $203,980 invested. Return on cash invested sits at 20.1% in year one, and rental yield is 7.11% on a $620,000 entry. Equity gained on principal adds $4,001/yr, while 5% annual appreciation builds toward $171,295 over five years. Five-year ROI reaches 103.47% and total cumulative return in cash sums $211,059. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,672/mo property income rather than buyer’s personal income.
Multi Family
Built in 1971
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85281, Tempe, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,459 (100%) |
| Owner Occupied HU | 3,724 (13.1%) |
| Renter Occupied HU | 21,368 (75.1%) |
| Vacant Housing Units | 3,367 (11.8%) |
| Median Home Value | $433,071 |
| Average Home Value | $478,334 |
Housing Distribution
Address Breakdown
Residential
19,294
Single Family
6,916
Multi-Family
12,378
Businesses
2,100
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Listed by: Laura Link • Canyon Ridge Realty, L.L.C.
Mls Name: ARMLS
Mls Provider:
Mls ID: #6846592
Disclaimer: All information should be verified by the recipient and none is guaranteed as accurate by ARMLS Listing Information presented by local MLS brokerage: Zillow, Inc., Designated REALTOR- Chris Long - (480) 907-1010