OFF_MARKETExcellent Deal7 days on market

3 E ERIE Drive

3 E ERIE Drive, Tempe, AZ 85282, Tempe, AZ 85282
$530,000
Zestimate®:$533,600$3,600 Under Market

Listing Price

Property image 1
3 E ERIE Drive, Tempe, AZ 85282
Loc: Tempe, AZ
Days Listed
7
Tax Assessed
$380k
Zestimate®
$534k
1% Under Valued
Lot Size
7,701 sqft
Rent Estimate
$2,816/mo
Est. Cash Flow base
Type
single family

More Than Just a Property

We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.

4.9
Safety Score
A+
Schools

Nearby Schools

Educational options and performance ratings in the area.

9

Broadmor Elementary School

K-5
0.6 mi away
3

Connolly Middle School

6-8
2.3 mi away
5

Tempe High School

9-12
0.8 mi away

Property Overview

A stunning investment opportunity in a prime location. This property features modern amenities, spacious living areas, and strong rental potential.

Features & Amenities

Open Floor PlanHardwood FloorsModern KitchenStainless Steel AppliancesCentral Heat/AirLarge BackyardParkingNear Transit

Haven AI Verdict

Recommendation
Pending...
Confidence Score: 0/10
Exercise caution due to potential market volatility.
Cap Rate
7.55%
Total ROI
27.4%
Cash Flow
$656/mo
DSCR
1.24
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Data provided by Haven AI. Disclaimer

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10-Year Price Projection

Price & Tax History

Price History

DateEventPricePrice/sqft
2026-04-08Sold$528,500$307
2026-03-09Pending sale$530,000$307
2026-02-27Listed for sale$530,000$307
2025-10-08Sold$400,000$232
2025-09-18Listed for sale$449,000$260
2025-08-05Listing removed$2,195$1
2025-06-24Price change$2,195$1
2025-05-20Price change$2,295$1
2025-05-01Price change$2,395$1
2025-04-10Listed for rent$2,500$1

Tax History

YearProperty TaxTax Assessment
2025$2,059.22$37,980
2024$1,924.4$40,560
2023$1,642.52$15,649
2022$1,576.02$26,760
2021$1,553.78$23,880
2020$1,523.92$21,880
2019$1,482.94$20,610
2018$1,482.94$18,760
2017$1,436.7$17,280
2016$1,382.82$16,900
2015$1,446.5$14,800
2014$0$11,950
2013$0$9,170
2012$0$10,460
2011$0$13,680
2010$0$16,380
2009$0$19,220
2008$0$20,300
2007$0$18,050
2006$0$12,450
2005$0$12,450
2004$0$11,300
2003$0$11,300
2002$0$9,150
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
4
Baths
2
Sq Ft
1,724
Built
1960
Institutional Underwriting Ledger

Investment Numbers & Operating Model

Standardized cash flow underwriting modeled with state tax schedules, regional insurance hazard risk, and disciplined operating reserves.

Data Sources:MLS List Price: $530,000Rent Basis: Observed Comp Model ($2,816/mo)State Tax Benchmark: 0.62% (AZ)Hazard Reserve: $155/mo
Haven ScoreRisky
1/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
4.11%

NOI: $21,805/yr

Cash-on-Cash Yield
-9.2%

On $121,900 invested

DSCR Ratio
0.66x

Negative debt coverage

5-Yr Leveraged ROI
+48.3%

Equity + cumulative cash

Financing Scenario Controls
Adjust down payment & rates to model your personalized return

Monthly Cash Flow Breakdown

Monthly Operating Deductions
Property Taxes (0.62% of basis)-$196/mo
Homeowner / Hazard Insurance-$155/mo
Vacancy Reserve (5% of rent)-$141/mo
Repairs & Maintenance (10% of rent)-$282/mo
Property Management (8% of rent)-$225/mo
Total Pure Operating Expenses-$999/mo
Net Investor Cash Flow
Gross Scheduled Rent+$2,816/mo
Less: Operating Expenses-$999/mo
Net Operating Income (NOI)+$1,817/mo
Less: Debt Service (30yr @ 6.75%)-$2,750/mo
Net Cash Flow
$-933/mo
$-11,196/year
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