700 W University Dr UNIT 132TempeAZ85281
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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 700 W University Dr UNIT 132, Tempe, AZ, 85281 offers a 7.98% rental yield on a $214,500 purchase with $1,426/mo rent. 95% in year one. Equity gained on principal adds $1,384/yr while 5% annual appreciation supports $59,262 over five years. Portfolio math shows five-year ROI at 98.62% and total cumulative return in cash at $70,128. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,426/mo property income against a $1,050/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Apartment
Built in 1982
59 sqft lot
$N/A/sqft
$215 monthly 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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Listed by: Fiona Bigbee • Coldwell Banker Realty
Mls Name: ARMLS
Mls Provider:
Mls ID: #6761809
Disclaimer: All information should be verified by the recipient and none is guaranteed as accurate by ARMLS Listing Information presented by local MLS brokerage: Zillow, Inc., Designated REALTOR- Chris Long - (480) 907-1010