2309 S College AveTempeAZ85282
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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
Investment property for sale in Tempe at 2309 S College Ave, Tempe, AZ, 85282 projects strong ROI of 2.36%. Rental yield 1.26%. With 5% annual appreciation, the property builds $1,295,761 in value over five years. Equity growth combined delivers a projected five-year ROI of 8.27%, translating into $125,686 in total cumulative return on $1,519,560 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
Multi Family
Built in 1963
0.65 Acres lot
$N/A/sqft
No 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
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Listed by: Simon Bowen • Denali Real Estate, LLC
Mls Name: ARMLS
Mls Provider:
Mls ID: #6799565
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