92 Alpine · Prescott, AZ 86305

$174,000

2 bd · 2.0 ba · 1,300 sqft · Manufactured · 218 Days on market

Built 1993 Good condition $134/sqft · 65% below area

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Why this score? — see what drove the C- 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 +19.7/30.0
• ARV discount +7.5/15.0
• DSCR +6.2/10.0
• 1% rule +5.2/10.0
• Condition / age +3.8/5.0
• Livability +3.7/5.0
• Schools +3.3/10.0
• Rent growth +2.8/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Located in Pine Lakes, a beautiful 55+ community, this beautifully updated 2-bedroom, 2-bath manufactured home offers an open concept layout with newer vinyl plank flooring throughout. The kitchen features light wood cabinets, newer stainless steel appliances, quartz countertops, and more. A stackable washer and dryer sit conveniently next to a large pantry. The hall bathroom has been refreshed with updated lighting, and both bedrooms include newer carpet and ceiling fans. The spacious living room is filled with natural light and opens to two decks, perfect for outdoor entertaining. The primary suite includes a walk-in closet and a luxurious bathroom with double sinks and a walk-in shower. Additional highlights include a carport and fresh interior paint.

Key facts

• Quartz countertops
• Light wood cabinets
• Large pantry

Tags

• OPEN CONCEPT LAYOUT
• NEWER VINYL PLANK FLOORING
• LIGHT WOOD CABINETS
• QUARTZ COUNTERTOPS
• LARGE PANTRY
• UPDATED LIGHTING

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $174k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $138 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $174k).
• Recommended offer: $153k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.7% vs local median 2.4% in Prescott — 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 73/100 on livability (#22 in AZ) — a middle-class / working-renter tenant base. Strengths: health & safety A+, amenities A, schools A-; Watch: cost of living D, commute F.
• Prescott Unified District (4466) (urban): math 34% / reading 44% proficiency, ranked #70 of 249 in AZ (top 28%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+1.0%/yr); 707 active listings in the ZIP; solid renter incomes; 2,062 units permitted in Yavapai County in 2024 (98 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Yavapai County population projected at +10% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 218 days — a 12% lower offer ($153k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 2y ago; this cycle's ask has dropped $36k (17%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $62k; list at $174k implies a 181% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: severe flood risk; moderate wildfire risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $153,120 (12.0% below list)

Questions for the listing agent

1. It's been on market 218 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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. Schools are A-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. 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: 1.02% ✓
• Cap rate: 7.70%
• Cash-on-cash: 5.03%
• DSCR: 1.22
• GRM: 8.1

CMA / ARV

• ARV (median comp): $499,265
• List price: $174,000
• Delta: -65.15%
• Verdict: UNDERPRICED
• Comps: 12 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
156 Cascade St	0.12mi	2/2.0	1,280 (-2%)	3mo	$155,000	$121	89
73 Oakmont St	0.03mi	3/2.0 (+1)	1,300 (0%)	12mo	$101,000	$78	84

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 · 1.01% rent growth · sell at horizon

5-year hold

• IRR: -13.3%
• Equity multiple: 0.53×
• Total profit: $-22,845
• Equity at exit: $25,944

10-year hold

• IRR: -7.9%
• Equity multiple: 0.55×
• Total profit: $-22,099
• Equity at exit: $15,044

Cash invested: $48,720 (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 86305

• Home prices YoY: -18.7%
• Rents YoY: 1.0%
• Active inventory: 707
• Price-to-rent: 8.1×

Monthly cashflow live

• Estimated rent: $1,781 medium
• Mortgage (P&I): −$912
• Tax est. 1.5%: −$218 /mo · $2,610/yr
• Insurance: −$72
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$374
• Net cashflow: $138

Break-even live

Break-even rent $1,606

Max offer price $174,000

Occupancy floor 87%

Sensitivity live

Price	-10% $258	-5% $198	+0% $138	+5% $78	+10% $18
Rent	-10% $-3	-5% $67	+0% $138	+5% $208	+10% $279
Rate	-1.0pp $225	-0.5pp $182	base $138	+0.5pp $93	+1.0pp $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: $43,500
• Closing costs: $5,220
• Reserves months: —
• Total cash needed: —

Listing history 24 events

1. 2026-06-18
   days on market $174,000 Active 218 DOM
2. 2026-06-17
   days on market $174,000 Active 217 DOM
3. 2026-06-16
   days on market $174,000 Active 216 DOM
4. 2026-06-15
   days on market $174,000 Active 215 DOM
5. 2026-06-14
   days on market $174,000 Active 213 DOM
6. 2026-06-13
   days on market $174,000 Active 212 DOM
7. 2026-06-10
   days on market $174,000 Active 210 DOM
8. 2026-06-09
   days on market $174,000 Active 209 DOM
9. 2026-06-08
   days on market $174,000 Active 208 DOM
10. 2026-06-07
    days on market $174,000 Active 207 DOM
11. 2026-06-05
    days on market $174,000 Active 204 DOM
12. 2026-06-03
    price $174,000 Active 202 DOM
13. 2026-06-02
    days on market $179,000 Active 202 DOM
14. 2026-06-01
    days on market $179,000 Active 201 DOM
15. 2026-05-31
    days on market $179,000 Active 200 DOM
16. 2026-05-30
    days on market $179,000 Active 199 DOM
17. 2026-04-11
    status Active 764-char remark

    Show marketing remark (764 chars)

    Located in Pine Lakes, a beautiful 55+ community, this beautifully updated 2-bedroom, 2-bath manufactured home offers an open concept layout with newer vinyl plank flooring throughout. The kitchen features light wood cabinets, newer stainless steel appliances, quartz countertops, and more. A stackable washer and dryer sit conveniently next to a large pantry. The hall bathroom has been refreshed with updated lighting, and both bedrooms include newer carpet and ceiling fans. The spacious living room is filled with natural light and opens to two decks, perfect for outdoor entertaining. The primary suite includes a walk-in closet and a luxurious bathroom with double sinks and a walk-in shower. Additional highlights include a carport and fresh interior paint.

18. 2026-04-05
    status Pending 764-char remark

    Show marketing remark (764 chars)

    Located in Pine Lakes, a beautiful 55+ community, this beautifully updated 2-bedroom, 2-bath manufactured home offers an open concept layout with newer vinyl plank flooring throughout. The kitchen features light wood cabinets, newer stainless steel appliances, quartz countertops, and more. A stackable washer and dryer sit conveniently next to a large pantry. The hall bathroom has been refreshed with updated lighting, and both bedrooms include newer carpet and ceiling fans. The spacious living room is filled with natural light and opens to two decks, perfect for outdoor entertaining. The primary suite includes a walk-in closet and a luxurious bathroom with double sinks and a walk-in shower. Additional highlights include a carport and fresh interior paint.

19. 2026-03-09
    price $179,000 764-char remark

    Show marketing remark (764 chars)

    Located in Pine Lakes, a beautiful 55+ community, this beautifully updated 2-bedroom, 2-bath manufactured home offers an open concept layout with newer vinyl plank flooring throughout. The kitchen features light wood cabinets, newer stainless steel appliances, quartz countertops, and more. A stackable washer and dryer sit conveniently next to a large pantry. The hall bathroom has been refreshed with updated lighting, and both bedrooms include newer carpet and ceiling fans. The spacious living room is filled with natural light and opens to two decks, perfect for outdoor entertaining. The primary suite includes a walk-in closet and a luxurious bathroom with double sinks and a walk-in shower. Additional highlights include a carport and fresh interior paint.

20. 2025-12-04
    price $199,000 764-char remark

    Show marketing remark (764 chars)

    Located in Pine Lakes, a beautiful 55+ community, this beautifully updated 2-bedroom, 2-bath manufactured home offers an open concept layout with newer vinyl plank flooring throughout. The kitchen features light wood cabinets, newer stainless steel appliances, quartz countertops, and more. A stackable washer and dryer sit conveniently next to a large pantry. The hall bathroom has been refreshed with updated lighting, and both bedrooms include newer carpet and ceiling fans. The spacious living room is filled with natural light and opens to two decks, perfect for outdoor entertaining. The primary suite includes a walk-in closet and a luxurious bathroom with double sinks and a walk-in shower. Additional highlights include a carport and fresh interior paint.

21. 2025-11-06
    listed $210,000 Active 764-char remark

    Show marketing remark (764 chars)

    Located in Pine Lakes, a beautiful 55+ community, this beautifully updated 2-bedroom, 2-bath manufactured home offers an open concept layout with newer vinyl plank flooring throughout. The kitchen features light wood cabinets, newer stainless steel appliances, quartz countertops, and more. A stackable washer and dryer sit conveniently next to a large pantry. The hall bathroom has been refreshed with updated lighting, and both bedrooms include newer carpet and ceiling fans. The spacious living room is filled with natural light and opens to two decks, perfect for outdoor entertaining. The primary suite includes a walk-in closet and a luxurious bathroom with double sinks and a walk-in shower. Additional highlights include a carport and fresh interior paint.

22. 2024-07-13
    historical
23. 2024-04-12
    listed $207,900 Active
24. 2020-10-21
    soldstatus $62,000

ⓘ 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 9/10 Extreme FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 3/10 Moderate 8 d/yr ≥91°F today · 22 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,369
• − Mortgage interest: −$9,747
• − Property taxes: −$2,610
• − Insurance: −$1,667
• − Repairs & maintenance: −$1,709
• − Management: −$1,709
• − Depreciation: −$5,062
• Taxable loss: −$1,136
• Est. tax savings @ 24.0%: +$273
• After-tax cash flow: $1,927/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.

Condition & rehab AI · 1 photo

Good 75/100 Cosmetic rehab

This beautifully updated 2-bedroom, 2-bath manufactured home in a 55+ community offers an open concept layout with newer vinyl plank flooring and modern updates. It is in good condition with minimal maintenance required.

Value-add opportunities

• Both Paint exterior siding — Enhances curb appeal and can increase both resale and rental value
• Both Replace deck railings — Improves safety and adds aesthetic appeal
• Both Add outdoor lighting — Enhances safety and curb appeal

Renovation cost estimate screening

Value-add ROI direction

• Both Paint exterior siding — Enhances curb appeal and can increase both resale and rental value ↑
• Both Replace deck railings — Improves safety and adds aesthetic appeal ↑
• Both Add outdoor lighting — Enhances safety and curb appeal ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Prescott Unified District (4466)
• NCES district ID: 0406730
• Math proficiency: 34% ▼ -16.00%
• Reading proficiency: 44% ▼ -13.00%
• Median HH income: $48,354
• Composite: 33.47/100
• National rank: #5450
• State rank: #70 of 249 in AZ

Livability — Prescott

• Score: 73/100
• State rank: #22
• US rank: #5579

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Yavapai County · 190,406 people
• City population: 66,312
• Metro: Prescott Valley-Prescott, AZ
• Population (ZIP): 19,790
• Household income: $80,436
• Rent vs Own: 19.1% rent · 80.9% own
• Severe rent burden: 380.0

Population outlook (Yavapai County) Hauer SSP2

• Today (2025): 241,389 people
• By 2030: 249,523 · +3.4%
• By 2040: 259,966 · +7.7%
• By 2050: 264,736 · +9.7%
• By 2075: 269,334 · +11.6%
• By 2100: 256,505 · +6.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (86%)
• Race & ethnicity: White 86% Hispanic / Latino 8% Two or more races 6% Asian 1%
• Hispanic origin (detail): Mexican 5% Puerto Rican 2%
• Common ancestry: Slovak 4% Italian 3% Lithuanian 3%
• Foreign-born: 4% · Canada
• Languages at home: 95% English-only · Spanish 3%

Political lean MEDSL · Yavapai

• 2024 margin: Solid R (+33.9) · D 32.6% · R 66.5%
• 2008→2024 swing: -9.5pp toward R · 2008: -24.4pp · 2024: -33.9pp
• All cycles: 2024: R+33.9 2020: R+29.3 2016: R+31.4 2012: R+30.7 2008: R+24.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -80.31%
• Current HPI: 348.5199
• Rent YoY: ▲ 1.01%
• Metro: Prescott Valley-Prescott, 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

+188.7% since first listed

8 events — show timeline

• 2026-04-11 Relisted — PAARMLS as Distributed by MLS Grid
• 2026-04-05 Pending — PAARMLS as Distributed by MLS Grid
• 2026-03-09 Price Changed $179,000 PAARMLS as Distributed by MLS Grid
• 2025-12-04 Price Changed $199,000 PAARMLS as Distributed by MLS Grid
• 2025-11-06 Listed $210,000 PAARMLS as Distributed by MLS Grid
• 2024-07-13 Listing Removed — PAARMLS as Distributed by MLS Grid
• 2024-04-12 Listed $207,900 PAARMLS as Distributed by MLS Grid
• 2020-10-21 Sold (MLS) $62,000 PAARMLS as Distributed by MLS Grid