600 W GROVE Parkway #1009TempeAZ85283
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 600 W GROVE Parkway #1009, Tempe, AZ, 85283 in Tempe. Priced at $229,000, it generates $2,228/mo in gross rent and $613/mo in net monthly cash flow, a 11.68% yield that comfortably supports the 2.05 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $7,353. Five-year appreciation: $63,268. Equity from principal paydown: $1,920/yr. Total projected cumulative return: $138,538.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.7% | 6.5% |
| Monthly Cash Flow | $613 | $300 |
City averages based on Tempe market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $2,228 |
| Total Monthly Debt Service | $1,318 |
| DSCR Ratio | 1.69x |
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 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Apartment
Built in 1996
773 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
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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
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Nearby investment properties with comparable prices
