616 S Hardy Dr UNIT 116TempeAZ85281
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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 616 S Hardy Dr UNIT 116, Tempe, AZ, 85281 uses $81,218 cash to close to unlock $3,695/yr annual cash flow and $308/mo monthly cash flow. Total monthly income runs $1,756/mo, and a $1,199/mo payment keeps the spread at $308/mo. Purchase price stands at $245,000, and rental yield measures 8.6% with $1,756/mo rent. Return on cash invested shows 24.46% in year one, and 5% annual appreciation builds toward $67,689 over five years. Five-year ROI reaches 126.86% and total cumulative return in cash records $103,032. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,756/mo property income covering a $1,199/mo payment rather than investor’s personal income.
Apartment
Built in 1984
82 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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