For SaleNeutral Deal59 days on market
1480 S RITA Lane
1480 S RITA Lane, Tempe, AZ 85281, Tempe, AZ 85281
$230,000
Listing Price
1480 S RITA Lane, Tempe, AZ 85281
Loc: Tempe, AZ
Days Listed
59
Tax Assessed
$150k
Lot Size
1,046 sqft
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.
4
Curry Elementary School
K-5
1.3 mi away
3
Connolly Middle School
6-8
1.4 mi away
8
McClintock High School
9-12
1.2 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
moderncontemporarystucco exteriorgeometric designmixed-material sidingminimalist aestheticmulti-unit complexdesert landscapingconcrete walkwayflat roofcolor-blocked panelsasymmetric architectureurban living
Haven AI Verdict
Recommendation
Neutral
Confidence Score: 4/10
Exercise caution due to potential market volatility.
Cap Rate
6.47%
Total ROI
99.4%
Cash Flow
$46/mo
DSCR
1.04
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $46/mo net cash flow with a 6.5% cap rate. Underwriting indicates neutral fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (6.5%)
- • 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 |
|---|---|---|---|
| 2026-09-18 | Price change | $230,000 | $361 |
| 2026-08-13 | Listed for sale | $240,000 | $377 |
| 2026-07-31 | Sold | $224,575 | $353 |
| 2026-07-20 | Pending sale | $224,575 | $353 |
| 2026-07-20 | Listed for sale | $224,575 | $353 |
| 2022-01-10 | Sold | $210,000 | $330 |
| 2021-06-30 | Pending sale | $210,000 | $330 |
| 2021-06-30 | Price change | $210,000 | $330 |
| 2020-08-07 | Price change | $170,000 | $267 |
| 2020-06-23 | Listed for sale | $210,000 | $330 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $1,435.8 | $15,020 |
| 2024 | $1,341.72 | $16,450 |
| 2023 | $1,145.24 | $10,911 |
| 2022 | $1,099 | $15,510 |
| 2021 | $0 | $3,180 |
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