508 S Ernie PlTempeAZ85281
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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 508 S Ernie Pl, Tempe, AZ, 85281 priced at $465,000 pairs $2,872/mo rent with $123/mo cash flow after a $2,276/mo payment. Total monthly income equals $2,872/mo, and annual cash flow comes to $1,479/yr on $154,148 invested. Return on cash invested is 20.87% in year one, and rental yield stands at 7.41% on a $465,000 basis. Equity gained on principal adds $3,001/yr, and 5% annual appreciation accumulates to $128,471 by year five. Five-year ROI measures 107.65% and total cumulative return in cash reaches $165,935. For financing, Ziffy Mortgage’s DSCR program evaluates $2,872/mo property income against a $2,276/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1960
6,673 sqft lot
$N/A/sqft
No 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
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