238 W Myrna LnTempeAZ85284
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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 238 W Myrna Ln, Tempe, AZ, 85284 at $860,000 posts ROI 15.55% with from $4,020/mo rent. Total monthly income equals $4,020/mo. Return on cash invested measures 15.55% and rental yield reads 5.61% at the current $860,000. Equity gained on principal adds $5,549/yr, and 5% annual appreciation supports $237,602 by year five. Five-year ROI prints 79.07% and total cumulative return in cash totals $223,709. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,020/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1993
0.32 Acres lot
$N/A/sqft
No 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
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Listed by: Holly Pittullo • Reata Land
Mls Name: ARMLS
Mls Provider:
Mls ID: #6880260
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