2035 S Elm St UNIT 226TempeAZ85282
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
Total monthly income runs $1,816/mo, and a $1,459/mo payment. Purchase price stands at $298,000, and rental yield measures 7.31% with $1,816/mo rent. Return on cash invested shows 17.13% in year one, and 5% annual appreciation builds toward $82,332 over five years. Five-year ROI reaches 88.85% and total cumulative return in cash records $87,776. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,816/mo property income covering a $1,459/mo payment rather than investor’s personal income.
Condo
Built in 1983
1,044 sqft lot
$N/A/sqft
$283 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85282, Tempe, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,734 (100%) |
| Owner Occupied HU | 11,190 (47.1%) |
| Renter Occupied HU | 10,883 (45.9%) |
| Vacant Housing Units | 1,661 ( 7.0%) |
| Median Home Value | $454,667 |
| Average Home Value | $481,541 |
Housing Distribution
Address Breakdown
Residential
23,610
Single Family
14,057
Multi-Family
9,553
Businesses
2,420
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Melisa Camp • HomeSmart
Mls Name: ARMLS
Mls Provider:
Mls ID: #6896975
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