903 W Watson DrTempeAZ85283
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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 903 W Watson Dr, Tempe, AZ, 85283 offers a 7.62% rental yield on a $459,900 purchase with $2,922/mo rent. Total monthly income registers $2,922/mo, and a $2,251/mo payment leaves $203/mo available for distribution. Annual cash flow reaches $2,441/yr on $152,457 to close, and return on cash invested stands at 21.51% in year one. Equity gained on principal adds $2,968/yr while 5% annual appreciation supports $127,062 over five years. Portfolio math shows five-year ROI at 111.07% and total cumulative return in cash at $169,338. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,922/mo property income against a $2,251/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1978
7,540 sqft 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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Listed by: William May • Breinholt May Realty & Investments
Mls Name: ARMLS
Mls Provider:
Mls ID: #6900015
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