700 W University Dr UNIT 122TempeAZ85281
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderThe 7.86% yield at 700 W University Dr UNIT 122, Tempe, AZ, 85281 in Tempe is solid, but the $1,205/mo payment compresses net cash flow to $171/mo at $268,000. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $74,043 by year five, and $2,468/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.46) without U.S. income documentation. Total projected return: $112,376.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.9% | 6.5% |
| Monthly Cash Flow | $171 | $300 |
City averages based on Tempe market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,756 |
| Total Monthly Debt Service | $1,478 |
| DSCR Ratio | 1.19x |
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 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Apartment
Built in 1982
67 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Apartment
Built in 1982
67 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices