8401 N 67th Ave #59 · Glendale, AZ 85302

$73,100

3 bd · 2.0 ba · 1,248 sqft · Manufactured · 203 Days on market

Built 1973 3,000 sqft lot Est $90k · 19% under

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Why this score? — see what drove the B+ 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).

• Cash flow +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.8/5.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks

Financing available to this Beautifully Updated Double Wide home with extra space. This 3 bedroom 2 bathroom home features all New Luxury Vinyl Plank flooring and New Plush Carpet in the bedrooms. Freshly painted inside and outside! Roof has been re-coated. Updated kitchen and bathrooms. All-new lighting. Includes all appliances including washer and dryer in the private inside laundry room. Newer A/C! The screened in patio provides more peace to enjoy a beverage outdoors, and a ramp for easier access to the home, and wheelchair access. Home is clean and move-in ready! Located in an all-ages community with a heated pool and spa, playground, basketball court, and recreation center. Near dinin

Key facts

• New plush carpet
• Re-coated roof
• Freshly painted

Tags

• UPDATED KITCHEN
• NEW PLUSH CARPET
• FRESHLY PAINTED
• RE-COATED ROOF
• ALL-NEW LIGHTING
• PRIVATE INSIDE LAUNDRY ROOM

Property features AI

Finance

• Other: Lot size listed as 3,000 (owner source)
• HOA & community: Land-lease community (monthly land lease); Land lease: $800 per month; Association covers sewer, street maintenance and trash; Community pool; Playground; Near bus stop

Exterior

• Parking: 2 covered parking spaces; 2 carport spaces
• Utilities: Private sewer; Private water company
• Home design: Manufactured/mobile home (leasehold); Asphalt road access
• Construction: Aluminum siding; Wood frame construction; Foam roof; Metal roofing
• Exterior features: Screened-in patio; Outdoor storage; Shed(s); Gravel/stone front yard; Gravel/stone backyard; Private maintained road

Interior

• Kitchen: Refrigerator; Dishwasher; Garbage disposal; Laminate counters; Eat-in kitchen
• Bedrooms: 3 possible bedrooms
• Flooring: Carpet; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Mini-split heating and cooling
• Interior features: High-speed internet; Eat-in kitchen; No interior steps; Full bathroom in primary bedroom; Laminate counters
• Laundry & utility: Indoor laundry

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $73k.

Deal economics

• At list price, monthly cash flow is $794 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $73k).
• Recommended offer: $64k (12.0% below list) — sets the bar for market timing.
• Cap rate 19.3% vs local median 3.5% in Glendale — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 76/100 on livability (#12 in AZ, #3,235 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, housing A+, amenities B; Watch: health & safety D+, crime F.
• Glendale Union High School District (4285) (urban): math 23% / reading 31% proficiency, ranked #130 of 249 in AZ (top 52%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Glendale High School (math 13% / reading 22%, grade F, #245 of 381 statewide, top 65%, 1,816 students, 76% FRL).
• Market conditions: Rents rising (+1.7%/yr); 172 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals leasing fast (median 4d on market — plan ~1-2 weeks tenant-placement turnaround); 36,011 units permitted in Maricopa County in 2024 (12,801 in 5+ unit buildings).
• This rent runs 30% of the median local income ($65k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $505 of loan paydown is wiped out by about $2k 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.
• At projected returns (-3.0% appreciation + 1.7% rent growth), your $20k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 203 days — a 12% lower offer ($64k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 19y ago; this cycle's ask has dropped $6k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 5→14/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $64,328 (12.0% below list)

Questions for the listing agent

1. It's been on market 203 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1973 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
6. 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.
7. 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.
8. 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: 2.25% ✓
• Cap rate: 19.33%
• Cash-on-cash: 46.56%
• DSCR: 3.07
• GRM: 3.7

CMA / ARV

• ARV (on-the-fly): $89,856
• Comps found: 7

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
8401 N 67th Ave #10	0.00mi	2/2.0 (-1)	1,248 (0%)	8mo	$52,500	$42	88
8401 N 67th Ave #91	0.00mi	3/2.0	1,344 (+8%)	12mo	$135,000	$100	77
8401 N 67th Ave #210	0.00mi	2/2.0 (-1)	1,120 (-10%)	19mo	$77,700	$69	62
8601 N 71st Ave #67	0.40mi	4/2.0 (+1)	1,216 (-3%)	12mo	$87,000	$72	62
6538 W Eva St	0.75mi	3/2.0	1,249 (+0%)	12mo	$245,000	$196	55
8595 N 71st Ave #88	0.50mi	3/2.0	1,344 (+8%)	18mo	$95,000	$71	49
8601 N 71st Ave #123	0.56mi	4/2.0 (+1)	1,344 (+8%)	23mo	$115,000	$86	37

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 1.74% rent growth · sell at horizon

5-year hold

• IRR: 42.4%
• Equity multiple: 2.79×
• Total profit: $36,697
• Equity at exit: $10,899

10-year hold

• IRR: 47.9%
• Equity multiple: 5.35×
• Total profit: $88,942
• Equity at exit: $6,320

Cash invested: $20,468 (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 85302

• Rents YoY: 1.7%
• Active inventory: 172
• Price-to-rent: 3.7×

Monthly cashflow live

• Estimated rent: $1,645 high
• Mortgage (P&I): −$383
• Tax est. 1.5%: −$91 /mo · $1,096/yr
• Insurance: −$30
• HOA: −$0
• Vacancy / Maint / Mgmt: −$345
• Net cashflow: $794

Break-even live

Break-even rent $639

Max offer price $73,100

Occupancy floor 47%

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: $18,275
• Closing costs: $2,193
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
8401 N 67th Ave Glendale, AZ	2.0	1.0	728	$1,400	$1.92	4d	1	0.11mi
8450 N 67th Ave Glendale, AZ	1.0–2.0	1.0	615	$1,350	$2.20	1d	4	0.13mi
6767 W Butler Dr Glendale, AZ	1.0–2.0	1.5–2.0	787	$1,458	$1.85	1d	14	0.17mi
8344 N 67th Ave Glendale, AZ	1.0–2.0	1.0	615	$1,315	$2.14	1d	10	0.21mi
8772 N 67th Ave Glendale, AZ	1.0–3.0	1.0–2.0	937	$2,009	$2.14	1d	24	0.38mi
8938 N 64th Ln Glendale, AZ	3.0	2.0	1256	$2,095	$1.67	1d	1	0.60mi
6049 W Laurie Ln Unit 5 Glendale, AZ	2.0	1.0	750	$1,210	$1.61	1d	1	0.73mi
6201 W Olive Ave Glendale, AZ	2.0	1.0	759	$1,445	$1.90	21d	1	0.74mi
8315 N 61st Ave Glendale, AZ	2.0	1.0	900	$1,004	$1.12	1d	1	0.74mi
9160 N 67th Ave Unit 212 Peoria, AZ	2.0	2.0	992	$1,680	$1.69	24d	1	0.75mi
9121 N 68th Ave Peoria, AZ	2.0	2.0	1126	$1,699	$1.51	43d	1	0.75mi
9160 N 67th Ave Peoria, AZ	2.0	2.0	1100	$2,065	$1.88	43d	6	0.75mi
7040 W Olive Ave Peoria, AZ	2.0	2.0	953	$1,465	$1.54	5d	1	0.76mi
6201 W Olive Ave Unit B1 Glendale, AZ	2.0	1.0	759	$1,225	$1.61	1d	1	0.79mi
8319 N 60th Dr Glendale, AZ	2.0	1.0	787	$1,099	$1.40	1d	1	0.80mi
9022 N 63rd Dr Glendale, AZ	3.0	2.0	1401	$2,195	$1.57	12d	1	0.83mi
7040 W Olive Ave #12 Peoria, AZ	2.0	2.0	900	$1,445	$1.61	24d	1	0.83mi
9350 N 67th Ave Glendale, AZ	2.0	2.0	970	$1,429	$1.47	43d	1	0.85mi
9350 N 67th Ave Glendale, AZ	2.0	2.0	970	$1,385	$1.43	12d	1	0.85mi
8546 N 59th Ave Glendale, AZ	2.0	1.0–2.0	700	$1,235	$1.76	1d	9	0.86mi
8546 N 59th Ave Glendale, AZ	2.0	1.0–2.0	700	$1,975	$2.82	19d	6	0.86mi
9350 N 67th Ave Unit B1 Glendale, AZ	2.0	1.0	842	$1,070	$1.27	24d	1	0.86mi
9350 N 67th Ave Unit B2 Glendale, AZ	2.0	2.0	970	$1,250	$1.29	43d	1	0.86mi
5902 W Royal Palm Rd Glendale, AZ	1.0–2.0	1.0	630	$1,600	$2.54	1d	20	0.90mi
8622 N 59th Ave Glendale, AZ	2.0–3.0	2.0	1232	$1,899	$1.54	1d	6	0.91mi
8546 N 59th Ave Apt 248 Glendale, AZ	2.0	2.0	900	$1,366	$1.52	19d	1	0.93mi
8450 N 59th Ave Glendale, AZ	1.0–3.0	1.0–2.0	919	$2,250	$2.45	4d	1	0.93mi
6011 W Townley Ave Glendale, AZ	2.0	1.5	1026	$1,449	$1.41	1d	1	0.97mi
7733 N 60th Ave Glendale, AZ	3.0	2.0	1430	$2,000	$1.40	1d	1	0.98mi
6015 W Olive Ave Glendale, AZ	2.0	1.0	800	$1,500	$1.88	1d	16	0.99mi
6002 W Townley Ave Glendale, AZ	3.0	1.5	1026	$1,549	$1.51	1d	1	0.99mi
6421 W Carol Ave Glendale, AZ	3.0	2.0	1243	$1,799	$1.45	18d	1	1.00mi
7102 W Carol Ave Peoria, AZ	3.0	2.0	1288	$1,970	$1.53	5d	1	1.07mi
7027 W Palo Verde Ave Peoria, AZ	3.0	2.0	1500	$1,999	$1.33	43d	1	1.09mi
8713 N 58th Ln Glendale, AZ	3.0	2.0	1373	$1,955	$1.42	1d	1	1.11mi
8605 N 59th Ave Unit 2062 Glendale, AZ	2.0	2.0	900	$1,300	$1.44	1d	1	1.12mi
7332 N 70th Dr Glendale, AZ	3.0	2.0	1262	$1,700	$1.35	1d	1	1.13mi
6737 W Myrtle Ave Unit 1 Glendale, AZ	2.0	1.0	750	$1,200	$1.60	14d	1	1.13mi
7102 W Palo Verde Ave Peoria, AZ	3.0	2.0	1360	$2,000	$1.47	43d	1	1.15mi
8114 N 57th Dr Glendale, AZ	3.0	2.0	1490	$2,600	$1.74	2d	1	1.19mi

Listing history 13 events

1. 2026-04-24
   price $73,100
2. 2026-04-10
   price $73,500
3. 2026-02-26
   status Active
4. 2026-02-22
   historical Under Contract Accepting Backups
5. 2026-01-09
   price $74,500
6. 2025-11-08
   listed $79,500 Active
7. 2011-02-10
   historical
8. 2011-01-07
   price $15,900
9. 2010-12-27
   listed $17,900 Active
10. 2009-04-24
    historical
11. 2009-04-22
    listed $21,900
12. 2007-10-30
    historical
13. 2007-10-06
    listed $15,900

ⓘ 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 1/10 Low
• 🌡 Heat 9/10 Extreme 5 d/yr ≥112°F today · 14 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,736
• − Mortgage interest: −$4,095
• − Property taxes: −$1,096
• − Insurance: −$366
• − Repairs & maintenance: −$1,579
• − Management: −$1,579
• − Depreciation: −$2,127
• Taxable income: $8,895
• Est. tax owed @ 24.0%: −$2,135
• After-tax cash flow: $7,394/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: Glendale Union High School District (4285)
• NCES district ID: 0403450
• Math proficiency: 23% ▼ -38.00%
• Reading proficiency: 31% ▼ -19.00%
• Median HH income: $40,846
• Composite: 22.81/100
• National rank: #8020
• State rank: #130 of 249 in AZ

Livability — Glendale

• Score: 76/100
• State rank: #12
• US rank: #3235

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Glendale, AZ
• County: Maricopa County · 4,537,380 people
• City population: 294,586
• Metro: Phoenix-Mesa-Chandler, AZ
• Population (ZIP): 40,612
• Household income: $65,132
• Rent vs Own: 47.2% rent · 52.8% own
• Severe rent burden: 2090.0

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 0.67)
• Race & ethnicity: White 45% Hispanic / Latino 35% Two or more races 19% Black 9% Asian 5% Native American 2%
• Hispanic origin (detail): Mexican 26% Cuban 2%
• Common ancestry: Lithuanian 2% Portuguese 2% Romanian 1%
• Foreign-born: 15% · Canada, Vietnam, China
• Languages at home: 71% English-only · Spanish 20% Arabic 2% Vietnamese 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: ▼ -342.03%
• Current HPI: 335.9575
• Rent YoY: ▲ 1.74%
• 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

+359.7% since first listed

13 events — show timeline

• 2026-04-24 Price Changed $73,100 ARMLS
• 2026-04-10 Price Changed $73,500 ARMLS
• 2026-02-26 Relisted — ARMLS
• 2026-02-22 Contingent — ARMLS
• 2026-01-09 Price Changed $74,500 ARMLS
• 2025-11-08 Listed $79,500 ARMLS
• 2011-02-10 Listing Removed — ARMLS
• 2011-01-07 Price Changed $15,900 ARMLS
• 2010-12-27 Listed $17,900 ARMLS
• 2009-04-24 Listing Removed — ARMLS
• 2009-04-22 Listed $21,900 ARMLS
• 2007-10-30 Listing Removed — ARMLS
• 2007-10-06 Listed $15,900 ARMLS