633 W Southern Ave UNIT 1200TempeAZ85282
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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 633 W Southern Ave UNIT 1200, Tempe, AZ, 85282 uses $104,423 cash to close to unlock $4,161/yr annual cash flow and $347/mo monthly cash flow. Total monthly income runs $2,423/mo, and a $1,542/mo payment keeps the spread at $347/mo. Purchase price stands at $315,000, and rental yield measures 9.23% with $2,423/mo rent. Return on cash invested shows 23.89% in year one, and 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 124.74% and total cumulative return in cash records $130,253. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,423/mo property income covering a $1,542/mo payment rather than investor’s personal income.
Condo
Built in 1984
115 sqft lot
$N/A/sqft
$214 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85282, Tempe, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,734 (100%) |
| Owner Occupied HU | 11,190 (47.1%) |
| Renter Occupied HU | 10,883 (45.9%) |
| Vacant Housing Units | 1,661 ( 7.0%) |
| Median Home Value | $454,667 |
| Average Home Value | $481,541 |
Housing Distribution
Address Breakdown
Residential
23,610
Single Family
14,057
Multi-Family
9,553
Businesses
2,420
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