963 E Lobster Trap LnTempeAZ85283
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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
Rental property for sale in Tempe at 963 E Lobster Trap Ln, Tempe, AZ, 85283 generates $3,239/mo in rent, after a $3,035/mo payment. Total monthly income is $3,239/mo. Return on cash invested sits at 16.8% in year one, and rental yield is 6.27% on a $620,000 entry. Equity gained on principal adds $4,001/yr, while 5% annual appreciation builds toward $171,295 over five years. Five-year ROI reaches 86.01% and total cumulative return in cash sums $175,443. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,239/mo property income rather than buyer’s personal income.
Single Family
Built in 1973
6,007 sqft lot
$N/A/sqft
$386 quarterly 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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