600 W Grove Pkwy APT 1053TempeAZ85283
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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
Investment property for sale in Tempe at 600 W Grove Pkwy APT 1053, Tempe, AZ, 85283 listed at $221,700 pairs $1,792/mo rent with a $1,085/mo payment to leave $482/mo cash flow. Total monthly income runs $1,792/mo, and annual cash flow reaches $5,779/yr on $73,494 cash to close. Return on cash invested measures 27.77% in year one, and rental yield registers 9.7% at a $221,700 basis. Equity gained on principal adds $1,431/yr, and annual property appreciation at 5% supports $61,252 by year five. Five-year ROI tracks 144.67% and total cumulative return in cash totals $106,325. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,792/mo property income relative to a $1,085/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Apartment
Built in N/A
N/A 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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