2352 S 181st Ave · Goodyear, AZ 85338

$569,995

3 bd · 2.5 ba · 2,506 sqft · Land · 46 Days on market

Built 2026 8,452 sqft lot $227/sqft · at area comps Est $563k · at est. $164/mo HOA · 7% of rent ↓ 2% since listing

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Why this score? — see what drove the F grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +6.9/15.0
• Livability +3.8/5.0
• Schools +2.8/10.0
• Condition / age +2.5/5.0
• Rent growth +2.3/5.0
• Cash flow +1.6/30.0
• 1% rule +0.0/10.0
• DSCR +0.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this sophisticated Cassandra home. Included features: an inviting covered entry; an elegant foyer with a tray ceiling; a quiet study; a central laundry; a convenient powder room; an expansive great room with center-meet doors overlooking a covered patio; a gourmet kitchen boasting a spacious island, a generous walk-in pantry, stainless-steel gas appliances, and an adjacent dining nook; a luxurious primary suite offering a deluxe private bath with dual sinks, a walk-in shower, a soaking tub, and a massive walk-in closet; a shared bath with dual sinks; and two additional bedrooms. You'll also love the 9' ceilings, fenced backyard, gas connection on the patio, professional landscaping, and concrete-paver driveway. Learn more today!

Key facts

• 8,452 sq ft lot
• 3 garage spots
• Built 2026

Property features AI

Finance

• HOA & community: Homeowners association with monthly fee; HOA fee covers grounds maintenance; Community features include a playground and biking/walking path

Exterior

• Parking: 3 open parking spaces; 3 covered parking spaces; 3-car garage with garage door opener and direct access; Side vehicle entry
• Utilities: City water; Public sewer
• Home design: Single-family residence; Fee simple ownership
• Construction: Stucco and wood frame construction; Painted exterior with stone accents; Builder-provided building area information
• Exterior features: Desert front yard; Dirt backyard; Automatic timer for front yard irrigation; Block fencing; Tile roof

Interior

• Kitchen: Dishwasher; Disposal; Built-in gas oven; Built-in microwave; Kitchen island; Walk-in pantry
• Bedrooms: Up to 4 possible bedrooms
• Flooring: Carpet; Tile
• Bathrooms: 2 full bathrooms; 1 half bathroom
• Heating & cooling: Natural gas heating; ENERGY STAR qualified heating equipment; Central air conditioning; ENERGY STAR qualified cooling equipment
• Interior features: Double vanity in bathrooms; Eat-in kitchen with breakfast bar; 9+ foot flat ceilings; No interior steps (single-level interior); Kitchen island; Pantry and walk-in pantry; Primary bedroom with full bath and separate shower and tub; Low-emissivity, dual-pane ENERGY STAR windows with vinyl frames; Tankless hot water heater
• Laundry & utility: Laundry inside with washer/dryer hookups only

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath land listed at $570k.

Deal economics

• At list price, monthly cash flow is $-2k ($-26k/yr) — negative.
• To cash-flow at today's rent, offer at most $251k (56.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $240k (57.9% below list).
• Recommended offer: $240k (57.9% below list) — sets the bar for 1% rule.
• Cap rate 1.6% vs local median 3.0% in Goodyear — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

Location & tenants

• Location reads 76/100 on livability (#15 in AZ, #3,737 nationally) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+, crime B+; Watch: health & safety D+, cost of living D, amenities F.
• Liberty Elementary District (4266) (rural): math 26% / reading 33% proficiency, ranked #100 of 249 in AZ (top 40%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Las Brisas Academy (math 29% / reading 33%, grade F, #525 of 1,109 statewide, top 48%, 655 students, 47% FRL); Estrella Foothills High School (math 29% / reading 41%, grade F, #93 of 381 statewide, top 25%, 1,398 students, 28% FRL) — zoned schools at 37% FRL track the district average.
• Market conditions: Rents soft (-0.7%/yr); 1104 active listings in the ZIP; 16 comparable units currently listed for rent nearby; rentals leasing fast (median 4d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 36,011 units permitted in Maricopa County in 2024 (12,801 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $4k of loan paydown is wiped out by about $17k of value loss. Plan a longer hold.
• Maricopa County population projected at +38% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 46 days — a 3% lower offer ($553k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $239,901 (57.9% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 46 days. Have you received any prior offers? Is the seller open to a 58% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.42% ✗
• Cap rate: 1.64%
• Cash-on-cash: -16.60%
• DSCR: 0.26
• GRM: 19.8

CMA / ARV

• ARV (median comp): $562,815
• List price: $569,995
• Delta: 1.28%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -52.1%
• Equity multiple: -0.50×
• Total profit: $-239,879
• Equity at exit: $84,988

10-year hold

• IRR: —
• Equity multiple: -1.61×
• Total profit: $-416,569
• Equity at exit: $49,283

Cash invested: $159,599 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Arizona: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

5-day pay-or-quit; AZ courts known for speed; no state rent control; cities preempted by state law.

Methodology + full state rankings →

ZIP-level market 85338

• Home prices YoY: -23.9%
• Rents YoY: -0.7%
• Active inventory: 1104
• Price-to-rent: 19.8×

Monthly cashflow live

• Estimated rent: $2,399 high
• Mortgage (P&I): −$2,989
• Tax est. 1.5%: −$712 /mo · $8,550/yr
• Insurance: −$237
• HOA: −$164
• Vacancy / Maint / Mgmt: −$504
• Net cashflow: $-2,208

Break-even live

Break-even rent $5,194

Max offer price $250,510

Occupancy floor —

Sensitivity live

Price	-10% $-1,814	-5% $-2,011	+0% $-2,208	+5% $-2,405	+10% $-2,602
Rent	-10% $-2,397	-5% $-2,303	+0% $-2,208	+5% $-2,113	+10% $-2,018
Rate	-1.0pp $-1,921	-0.5pp $-2,063	base $-2,208	+0.5pp $-2,356	+1.0pp $-2,506

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $142,499
• Closing costs: $17,100
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
17456 W Ashley Dr Goodyear, AZ	3.0	2.0	1762	$2,350	$1.33	0d	1	0.19mi
3150 S 180th Ln Goodyear, AZ	4.0	3.0	2083	$2,300	$1.10	45d	1	0.48mi
3349 S 179th Dr Goodyear, AZ	3.0	2.5	1890	$2,095	$1.11	0d	1	0.61mi
2506 S 186th Dr Goodyear, AZ	4.0	3.0	3100	$30,000	$9.68	0d	1	0.66mi
18649 W Williams St Goodyear, AZ	4.0	2.5	2822	$2,695	$0.95	6d	1	0.76mi
18649 W Williams St Goodyear, AZ	4.0	2.5	2822	$2,695	$0.95	3d	1	0.76mi
17458 W Hilton Ave Goodyear, AZ	4.0	2.5	2489	$2,351	$0.94	0d	1	0.83mi
3422 S 176th Dr Goodyear, AZ	4.0	3.0	2647	$3,350	$1.27	0d	1	0.89mi
3435 S 177th Dr Goodyear, AZ	3.0	2.0	1971	$2,195	$1.11	12d	1	0.93mi
17421 W Papago St Goodyear, AZ	4.0	2.5	2522	$2,600	$1.03	17d	1	1.05mi
17415 W Yavapai St Goodyear, AZ	4.0	2.0	2277	$2,295	$1.01	18d	1	1.09mi
17430 W Yavapai St Goodyear, AZ	4.0	2.5	2277	$1,995	$0.88	0d	1	1.09mi
4052 S 185th Ave Goodyear, AZ	3.0	2.0	2046	$1,995	$0.98	25d	1	1.18mi
18233 W Pueblo Ave Goodyear, AZ	4.0	3.0	2100	$2,300	$1.10	0d	1	1.25mi
4119 S 186th Ave Goodyear, AZ	4.0	3.0	2977	$2,350	$0.79	45d	1	1.26mi
17150 W Tonto St Goodyear, AZ	4.0	3.0	2561	$2,700	$1.05	0d	1	1.50mi

HOA detail

• Monthly dues: $164 · $1,968/yr
• Likely covers: gaslandscaping

Listing history 18 events

1. 2026-06-21
   days on market $569,995 Active 46 DOM
2. 2026-06-18
   days on market $569,995 Active 43 DOM
3. 2026-06-17
   days on market $569,995 Active 42 DOM
4. 2026-06-16
   days on market $569,995 Active 41 DOM
5. 2026-06-15
   days on market $569,995 Active 40 DOM
6. 2026-06-13
   days on market $569,995 Active 38 DOM
7. 2026-06-13
   days on market $569,995 Active 37 DOM
8. 2026-06-09
   days on market $569,995 Active 34 DOM
9. 2026-06-08
   days on market $569,995 Active 33 DOM
10. 2026-06-07
    days on market $569,995 Active 32 DOM
11. 2026-06-04
    days on market $569,995 Active 29 DOM
12. 2026-06-03
    days on market $569,995 Active 28 DOM
13. 2026-06-02
    days on market $569,995 Active 27 DOM
14. 2026-06-01
    days on market $569,995 Active 26 DOM
15. 2026-05-31
    days on market $569,995 Active 25 DOM
16. 2026-05-14
    price $579,995 749-char remark

    Show marketing remark (749 chars)

    Welcome to this sophisticated Cassandra home. Included features: an inviting covered entry; an elegant foyer with a tray ceiling; a quiet study; a central laundry; a convenient powder room; an expansive great room with center-meet doors overlooking a covered patio; a gourmet kitchen boasting a spacious island, a generous walk-in pantry, stainless-steel gas appliances, and an adjacent dining nook; a luxurious primary suite offering a deluxe private bath with dual sinks, a walk-in shower, a soaking tub, and a massive walk-in closet; a shared bath with dual sinks; and two additional bedrooms. You'll also love the 9' ceilings, fenced backyard, gas connection on the patio, professional landscaping, and concrete-paver driveway. Learn more today!

17. 2026-05-08
    listed $581,995 Active 749-char remark

    Show marketing remark (749 chars)

    Welcome to this sophisticated Cassandra home. Included features: an inviting covered entry; an elegant foyer with a tray ceiling; a quiet study; a central laundry; a convenient powder room; an expansive great room with center-meet doors overlooking a covered patio; a gourmet kitchen boasting a spacious island, a generous walk-in pantry, stainless-steel gas appliances, and an adjacent dining nook; a luxurious primary suite offering a deluxe private bath with dual sinks, a walk-in shower, a soaking tub, and a massive walk-in closet; a shared bath with dual sinks; and two additional bedrooms. You'll also love the 9' ceilings, fenced backyard, gas connection on the patio, professional landscaping, and concrete-paver driveway. Learn more today!

18. 2026-05-06
    listed $581,995 Active 537-char remark

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (shaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥113°F today · 20 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $28,788
• − Mortgage interest: −$31,929
• − Property taxes: −$8,550
• − Insurance: −$2,850
• − Repairs & maintenance: −$2,303
• − Management: −$2,303
• − HOA: −$1,968
• − Depreciation: −$16,582
• Taxable loss: −$37,696
• Est. tax savings @ 24.0%: +$9,047
• After-tax cash flow: $-17,448/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Liberty Elementary District (4266)
• NCES district ID: 0404320
• Math proficiency: 26% ▼ -17.00%
• Reading proficiency: 33% ▼ -8.00%
• Median HH income: $71,731
• Composite: 27.84/100
• National rank: #6881
• State rank: #100 of 249 in AZ

Livability — Goodyear

• Score: 76/100
• State rank: #15
• US rank: #3737

Category grades

Amenities F Commute B Cost of living D Crime B+ Employment A+ Housing A+ Health & safety D+ User ratings B

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Goodyear, AZ
• County: Maricopa County · 4,537,380 people
• City population: 107,865
• Metro: Phoenix-Mesa-Chandler, AZ
• Population (ZIP): 67,451
• Household income: $101,744
• Rent vs Own: 22.7% rent · 77.3% own
• Severe rent burden: 1300.0

Population outlook (Maricopa County) Hauer SSP2

• Today (2025): 4,979,203 people
• By 2030: 5,378,229 · +8.0%
• By 2040: 6,156,598 · +23.6%
• By 2050: 6,872,376 · +38.0%
• By 2075: 8,401,270 · +68.7%
• By 2100: 9,247,439 · +85.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.61)
• Race & ethnicity: White 48% Hispanic / Latino 39% Two or more races 19% Black 6% Asian 3% Native American 1%
• Hispanic origin (detail): Mexican 34%
• Common ancestry: Romanian 2% Slovak 2% Lithuanian 2%
• Foreign-born: 10% · Canada
• Languages at home: 76% English-only · Spanish 21% Other Indo-European 1% Tagalog/Filipino 1%

Political lean MEDSL · Maricopa

• 2024 margin: Toss-up / Even · D 47.7% · R 51.2% · Other 1.1%
• 2008→2024 swing: +7.1pp toward D · 2008: -10.6pp · 2024: -3.5pp
• All cycles: 2024: R+3.5 2020: D+2.2 2016: R+3.5 2012: R+12.0 2008: R+10.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -79.22%
• Current HPI: 252.0828
• Rent YoY: ▼ -0.66%
• Metro: Phoenix-Mesa-Chandler, AZ
• State GDP YoY: ▲ 4.54%
• F500 in state: 20

Industry mix (Fortune 500 HQ in AZ)

Industry	F500 HQs	Revenue
▸Technology	2	$13B
▸Mining / Metals	1	$23B
▸Environmental Services	1	$16B
▸Metals / Steel	1	$14B
▸Technology Distribution	1	$9B
▸Homebuilding	1	$8B

Price history

-2.1% since first listed

6 events — show timeline

• 2026-05-29 Price Changed $569,995 ARMLS
• 2026-05-27 Price Changed $569,995 Zillow
• 2026-05-21 Price Changed $579,995 ARMLS
• 2026-05-14 Price Changed $579,995 Zillow
• 2026-05-08 Listed $581,995 Zillow
• 2026-05-06 Listed $581,995 ARMLS

Property tax history

+1.4%/yr

Latest (2025): $61 · +3.6% YoY. Source: county tax records.