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Property Details

602 E Taylor St, Tempe, AZ 85288
Property Type

Single Family

Year Built

1961

Living Area

1815 sqft

Lot Size

5990 sqft

Bedrooms

4

Bathrooms

3

Current Value

$0

Estimated Monthly Rent

$0

Revenue Summary

Potential Monthly Revenue

$10,300

Potential Annual Revenue

$123,600

Total Setup Costs

$2,550

Market Analysis

The property at 602 E Taylor St, Tempe, AZ 85288 is a single-family residence with modern amenities and features, making it highly suitable for various income streams. Tempe is a vibrant city with a strong rental market due to its proximity to Arizona State University and other attractions. The presence of a private pool, spacious living areas, and multiple bedrooms enhances its appeal for short-term rentals and event hosting.

Recommended Priority
Entire Property Short-Term Rental
Short-Term Room Rentals
Event Hosting
Pool Rental
Film and Photoshoot Location
Home Office Rental
Peer-to-Peer Parking Rental
Solar Panel Leasing
Income Opportunities
Short-Term Room Rentals

Rent out individual rooms on Airbnb or VRBO to travelers and visitors.


Monthly Revenue: $3,200

Annual Revenue: $38,400

Setup Cost: $500

Platform:

Airbnb
Requirements
  • Furnish rooms
  • Create listings
  • Obtain necessary permits
How We Calculated This

Assume 4 rooms rented at an average of $80/night for 10 nights/month.

Confidence:

90%

Entire Property Short-Term Rental

Rent out the entire property on Airbnb or VRBO for short-term stays.


Monthly Revenue: $4,500

Annual Revenue: $54,000

Setup Cost: $750

Platform:

VRBO
Requirements
  • Furnish the entire property
  • Create a comprehensive listing
How We Calculated This

Estimate $150/night for 30 nights/month.

Confidence:

85%

Peer-to-Peer Parking Rental

Rent out driveway or yard space for parking through Prked.


Monthly Revenue: $200

Annual Revenue: $2,400

Setup Cost: $100

Platform:

Prked
Requirements
  • Signage
  • Listing creation
How We Calculated This

Estimate based on $50/space/month for 2 spaces.

Confidence:

70%

Pool Rental

Rent out the private pool for leisure activities through Swimply.


Monthly Revenue: $600

Annual Revenue: $7,200

Setup Cost: $300

Platform:

Swimply
Requirements
  • Pool maintenance
  • Advertise availability
How We Calculated This

Estimate $25/hour for 24 hours/month.

Confidence:

80%

Event Hosting

Rent out backyard, patio, or garden for small events on Peerspace.


Monthly Revenue: $800

Annual Revenue: $9,600

Setup Cost: $400

Platform:

Peerspace
Requirements
  • Outdoor seating
  • Lighting for evening events
How We Calculated This

Assume $200/event for 4 events/month.

Confidence:

75%

Film and Photoshoot Location

Rent out the property for filming or photoshoots on Peerspace.


Monthly Revenue: $500

Annual Revenue: $6,000

Setup Cost: $300

Platform:

Peerspace
Requirements
  • Property staging
  • Professional photos
How We Calculated This

Estimate $250/shoot for 2 shoots/month.

Confidence:

70%

Home Office Rental

Rent out a room as an office space on ShareDesk or LiquidSpace.


Monthly Revenue: $400

Annual Revenue: $4,800

Setup Cost: $200

Platform:

LiquidSpace
Requirements
  • Office furniture
  • High-speed internet
How We Calculated This

Estimate $20/day for 20 days/month.

Confidence:

65%

Solar Panel Leasing

Rent out roof space for solar panels through local solar providers.


Monthly Revenue: $100

Annual Revenue: $1,200

Setup Cost: $0

Requirements
  • Roof integrity assessment
  • Agreement with solar company
How We Calculated This

Based on average lease agreements for solar panel usage.

Confidence:

60%