home in Tempe, AZ
This home in Tempe, AZ offers 2 bedrooms and 2 bathrooms across 1,184 square feet.
| Price | $359,000 |
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| Beds | 2 |
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| Baths | 2 |
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| Sqft | 1184 |
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| Address | 2402 E 5TH Street #1561, Tempe, AZ 85288 |
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Why buy this home
- Links directly to the original source listing on Zillow.
Is this a good buy?
Priced in line with the area.
- On the market 74 days, longer than usual here, so the seller may be open to offers.
Enzo's reads public listing data and links to the original source. Confirm condition, HOA, taxes and fees there. This is a signal, not advice.
What it costs to own
Estimated at $2,285/month with 20% down at a 7.28% 30-year fixed rate. You would need about $97,936 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $1,965/mo |
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| Property tax (new-buyer reassessed rate) | $185/mo |
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| Homeowners insurance | $135/mo |
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| Total monthly | $2,285/mo |
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| Down payment (20%) | $71,800 |
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| Income needed | $97,936/yr |
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A signal to compare homes, not financial advice or a loan offer.
Financial outlook (modeled)
Enzo's grades this home C+ (64 out of 100) over a 5-year hold, from a Monte-Carlo of local home-price dynamics and the interest-rate path versus renting.
| Grade | C+ (64/100) |
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| Beats renting in | 18% of modeled paths |
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| Modeled 5-yr equity (median) | $172,692 |
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| Range (10th to 90th pct) | $102,859 to $258,027 |
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A probabilistic model built on public data (Zillow ZHVI, FRED rates), not a guarantee or financial advice.
Local home values
Typical home values in United States have risen about 20% over the past 5 years (+1% in the last year), per the Zillow Home Value Index. This reflects the national market, not this specific home.
View this home on Zillow