312 S Hardy Dr UNIT 106TempeAZ85281
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 312 S Hardy Dr UNIT 106, Tempe, AZ, 85281 generates $2,831/mo in rent, after a $2,149/mo payment. Total monthly income is $2,831/mo. Return on cash invested sits at 18.97% in year one, and rental yield is 7.74% on a $439,000 entry. Equity gained on principal adds $2,833/yr, while 5% annual appreciation builds toward $121,288 over five years. Five-year ROI reaches 98.48% and total cumulative return in cash sums $143,312. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,831/mo property income rather than buyer’s personal income.
Townhouse
Built in 2008
701 sqft lot
$N/A/sqft
$350 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
