For SaleNeutral Deal1 days on market
616 E PAPAGO Drive
616 E PAPAGO Drive, Tempe, AZ 85288, Tempe, AZ 85281
$440,000
Listing Price
616 E PAPAGO Drive, Tempe, AZ 85288
Loc: Tempe, AZ
Days Listed
1
Tax Assessed
$435k
Lot Size
6,756 sqft
Type
single family
More Than Just a Property
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4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
4
Yavapai Elementary School
PK-6
0.8 mi away
4
Tonalea Elementary School
PK-8
0.6 mi away
7
Coronado High School
9-12
1.5 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
kitchengranite countertopsstainless steel applianceswooden cabinetryexposed brick wallbreakfast barpendant lightingmodernranch styleunder-cabinet lightingtiled backsplashopen-conceptcozy
Haven AI Verdict
Recommendation
Neutral
Confidence Score: 4/10
Exercise caution due to potential market volatility.
Cap Rate
6.43%
Total ROI
98.6%
Cash Flow
$75/mo
DSCR
1.03
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $75/mo net cash flow with a 6.4% cap rate. Underwriting indicates neutral fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (6.4%)
- • Strong rental demand in Tempe
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-09-23 | Listed for sale | $440,000 | $346 |
| 1999-05-24 | Sold | $65,000 | $51 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $1,635.86 | $43,460 |
| 2024 | $1,557.44 | $43,460 |
| 2023 | $1,100.1 | $18,990 |
| 2022 | $1,127.78 | $24,920 |
| 2021 | $511.46 | $23,300 |
| 2020 | $506.3 | $15,400 |
| 2019 | $457.2 | $15,400 |
| 2018 | $457.2 | $17,080 |
| 2017 | $547.74 | $15,400 |
| 2016 | $830.58 | $13,420 |
| 2015 | $848.52 | $13,720 |
| 2014 | $0 | $10,480 |
| 2013 | $0 | $7,820 |
| 2012 | $0 | $9,150 |
| 2011 | $0 | $11,580 |
| 2010 | $0 | $13,800 |
| 2009 | $0 | $16,250 |
| 2008 | $0 | $19,050 |
| 2007 | $0 | $16,850 |
| 2006 | $0 | $10,350 |
| 2005 | $0 | $10,350 |
| 2004 | $0 | $9,900 |
| 2003 | $0 | $9,900 |
| 2002 | $0 | $7,500 |
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