2333 E Southern Ave UNIT 2033TempeAZ85282
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
Rental property for sale in Tempe at 2333 E Southern Ave UNIT 2033, Tempe, AZ, 85282 generates $1,480/mo in rent, after a $1,346/mo payment. Total monthly income is $1,480/mo. Return on cash invested sits at 14.83% in year one, and rental yield is 6.46% on a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 76.42% and total cumulative return in cash sums $69,671. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,480/mo property income rather than buyer’s personal income.
Apartment
Built in 1986
78 sqft lot
$N/A/sqft
$240 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: Breanne C Ferrin • West USA Realty
Mls Name: ARMLS
Mls Provider:
Mls ID: #6886286
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