407 E AUBURN DriveTempeAZ85283
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderTight but positive: 407 E AUBURN Drive, Tempe, AZ, 85283 in Tempe at $475,000 earns $2,922/mo in rent and nets $114/mo after the $2,136/mo payment, a 7.38% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $131,234 over five years. Ziffy Mortgage underwrites this on a 1.37 DSCR without U.S. credit history. With $4,375/yr in principal paydown, total projected return reaches $186,926.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.4% | 6.5% |
| Monthly Cash Flow | $114 | $300 |
City averages based on Tempe market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,922 |
| Total Monthly Debt Service | $2,619 |
| DSCR Ratio | 1.12x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1973
6,547 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85283, Tempe, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,888 (100%) |
| Owner Occupied HU | 9,799 (51.9%) |
| Renter Occupied HU | 8,209 (43.5%) |
| Vacant Housing Units | 880 ( 4.7%) |
| Median Home Value | $461,845 |
| Average Home Value | $509,380 |
Housing Distribution
Address Breakdown
Residential
18,992
Single Family
11,225
Multi-Family
7,767
Businesses
1,123
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
Single Family
Built in 1973
6,547 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85283, Tempe, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,888 (100%) |
| Owner Occupied HU | 9,799 (51.9%) |
| Renter Occupied HU | 8,209 (43.5%) |
| Vacant Housing Units | 880 ( 4.7%) |
| Median Home Value | $461,845 |
| Average Home Value | $509,380 |
Housing Distribution
Address Breakdown
Residential
18,992
Single Family
11,225
Multi-Family
7,767
Businesses
1,123
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices