OFF_MARKETRisky Deal24 days on market
1020 E CAROLINE Lane
1020 E CAROLINE Lane, Tempe, AZ 85284, Tempe, AZ 85284
1020 E CAROLINE Lane, Tempe, AZ 85284
Loc: Tempe, AZ
Days Listed
24
Tax Assessed
$1862k
Zestimate®
$3142k
21% Under Valued
Lot Size
1.38 acres
Rent Estimate
$5,338/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
Kyrene del Cielo School
PK-5
0.5 mi away
6
Kyrene Aprende Middle School
4-8
1.2 mi away
8
Corona Del Sol High School
9-12
0.4 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
1.37%
Total ROI
-3.5%
Cash Flow
$-9,769/mo
DSCR
0.23
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10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-05-04 | Listing removed | $2,494,000 | $235 |
| 2026-02-16 | Listed for sale | $2,494,000 | $235 |
| 2026-01-28 | Pending sale | $2,494,000 | $235 |
| 2026-01-23 | Listed for sale | $2,494,000 | $235 |
| 2025-11-06 | Listing removed | $2,499,000 | $235 |
| 2025-10-09 | Price change | $2,499,000 | $235 |
| 2025-09-24 | Price change | $2,550,000 | $240 |
| 2025-01-03 | Listed for sale | $2,700,000 | $254 |
| 2024-09-14 | Listing removed | $2,700,000 | $254 |
| 2024-05-25 | Listed for sale | $2,700,000 | $254 |
| 2024-05-10 | Listing removed | $2,700,000 | $254 |
| 2024-01-13 | Listed for sale | $2,700,000 | $254 |
| 2022-03-16 | Sold | $2,100,000 | $198 |
| 2022-01-15 | Contingent | $2,451,777 | $231 |
| 2021-10-28 | Price change | $2,451,777 | $231 |
| 2021-09-02 | Price change | $2,676,777 | $252 |
| 2021-08-20 | Price change | $2,677,000 | $252 |
| 2020-11-27 | Listed for sale | $2,677,900 | $252 |
| 2009-02-17 | Sold | $1,900,000 | $179 |
| 2009-01-27 | Price change | $2,450,000 | $231 |
| 2009-01-24 | Price change | $2,750,000 | $259 |
| 2008-12-27 | Price change | $2,450,000 | $231 |
| 2008-12-24 | Price change | $2,750,000 | $259 |
| 2008-12-22 | Price change | $2,450,000 | $231 |
| 2008-01-21 | Listed for sale | $2,750,000 | $259 |
| 2000-02-29 | Sold | $1,000,000 | $94 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $19,611.6 | $186,210 |
| 2024 | $19,986.26 | $225,960 |
| 2023 | $19,489.04 | $177,482 |
| 2022 | $18,641.56 | $169,030 |
| 2021 | $20,472.7 | $163,480 |
| 2020 | $20,291.12 | $167,950 |
| 2019 | $19,709.8 | $163,420 |
| 2018 | $19,709.8 | $156,060 |
| 2017 | $20,776.52 | $162,680 |
| 2016 | $19,869.52 | $192,150 |
| 2015 | $20,214.88 | $185,960 |
| 2014 | $0 | $172,970 |
| 2013 | $0 | $131,480 |
| 2012 | $0 | $127,010 |
| 2011 | $0 | $129,560 |
| 2010 | $0 | $159,570 |
| 2009 | $0 | $174,610 |
| 2008 | $0 | $235,900 |
| 2007 | $0 | $262,550 |
| 2006 | $0 | $122,050 |
| 2005 | $0 | $122,050 |
| 2004 | $0 | $100,650 |
| 2003 | $0 | $100,650 |
| 2002 | $0 | $89,700 |
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: $2,494,000Rent Basis: Observed Comp Model ($5,338/mo)State Tax Benchmark: 0.62% (AZ)Hazard Reserve: $727/mo
Haven ScoreRisky
0/ 10
Multi-factor yield grade
Cap Rate (Unleveraged)
1.16%
NOI: $29,054/yr
Cash-on-Cash Yield
-22.0%
On $573,620 invested
DSCR Ratio
0.19x
Negative debt coverage
5-Yr Leveraged ROI
+-15.8%
Equity + cumulative cash
Financing Scenario Controls
Adjust down payment & rates to model your personalized returnMonthly Cash Flow Breakdown
Monthly Operating Deductions
Property Taxes (0.62% of basis)-$962/mo
Homeowner / Hazard Insurance-$727/mo
Vacancy Reserve (5% of rent)-$267/mo
Repairs & Maintenance (10% of rent)-$534/mo
Property Management (8% of rent)-$427/mo
Total Pure Operating Expenses-$2,917/mo
Net Investor Cash Flow
Gross Scheduled Rent+$5,338/mo
Less: Operating Expenses-$2,917/mo
Net Operating Income (NOI)+$2,421/mo
Less: Debt Service (30yr @ 6.75%)-$12,941/mo
Net Cash Flow
$-10,520/mo
$-126,236/year
Underwrite with Acquisition CalculatorsTransfer this property's exact numbers into dedicated underwriting tools:
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