340 W Riviera DrTempeAZ85282
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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
Rental property for sale in Tempe at 340 W Riviera Dr, Tempe, AZ, 85282 priced at $397,900 pairs $3,000/mo rent with $647/mo cash flow after a $1,948/mo payment. Total monthly income equals $3,000/mo, and annual cash flow comes to $7,770/yr on $131,904 invested. Return on cash invested is 25.8% in year one, and rental yield stands at 9.05% on a $397,900 basis. Equity gained on principal adds $2,568/yr, and 5% annual appreciation accumulates to $109,932 by year five. Five-year ROI measures 134.08% and total cumulative return in cash reaches $176,860. For financing, Ziffy Mortgage’s DSCR program evaluates $3,000/mo property income against a $1,948/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1972
7,275 sqft 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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