119 E Cholla St · Casa Grande, AZ 85122

$234,900

4 bd · 2.0 ba · 1,961 sqft · SingleFamily public records · 217 Days on market

Built 1984 6,969 sqft lot Est $373k · 37% under

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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 +24.6/30.0
• ARV discount +15.0/15.0
• DSCR +7.9/10.0
• 1% rule +5.3/10.0
• Rent growth +3.7/5.0
• Livability +2.9/5.0
• Condition / age +2.5/5.0
• Schools +1.5/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Remodeled 4 bedroom/2bath with a bonus tandem room off the master. 2 new AC units; New roof; new hot water heater. Stylish new kitchen with white shaker cabinets; granite countertops and all new stainless steel appliances. Two living spaces with large bright family room. RV gate with room for RV parking; covered canopy for extra shade. Best of all, no hoas! This is worth seeing.

Key facts

• Rv gate
• Parking
• 6,969 sq ft lot

Tags

• RV GATE
• PARKING

Property features AI

Finance

• HOA & community: No association fees

Exterior

• Parking: 2 covered parking spaces; 2 open parking spaces; RV access/parking with RV gate and rear vehicle entry; 2-car carport
• Utilities: City water; Public sewer
• Home design: Single-family residence; Fee simple ownership
• Construction: Block construction
• Exterior features: Block and painted exterior; Block and chain-link fencing; Alley access; Gravel/stone front yard; Gravel/stone backyard; Composition roof with reflective coating

Interior

• Kitchen: Granite counters
• Bedrooms: Up to 5 possible bedrooms
• Flooring: Laminate flooring; Tile flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Natural gas heating; Central air conditioning
• Interior features: Granite counters; 3/4 bath in master bedroom; Dual-pane windows
• Laundry & utility: Laundry inside; Washer/dryer hookups only

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $235k.

Deal economics

• At list price, monthly cash flow is $484 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $235k).
• Recommended offer: $207k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.8% vs local median 4.1% in Casa Grande — 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 58/100 on livability (#220 in AZ) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: crime D+, employment D+, amenities F.
• Casa Grande Union High School District (4453) (suburban): math 14% / reading 21% proficiency, ranked #193 of 249 in AZ (top 78%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Casa Grande Union High School (math 18% / reading 25%, grade F, #217 of 381 statewide, top 57%, 2,132 students, 52% FRL).
• Market conditions: Rents rising fast (+4.6%/yr); 633 active listings in the ZIP; 26 comparable units currently listed for rent nearby; rentals at typical pace (median 19d on market — plan ~3-4 weeks tenant-placement turnaround); 9,504 units permitted in Pinal County in 2024 (776 in 5+ unit buildings).
• This rent runs 42% of the median local income ($68k/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 $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 4.6% rent growth), your $66k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 217 days — a 12% lower offer ($207k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 21y ago; this cycle's ask has dropped $45k (16%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $199k; 18% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: major wildfire risk; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $206,712 (12.0% below list)

Questions for the listing agent

1. It's been on market 217 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. Crime grade is D 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: 1.03% ✓
• Cap rate: 8.77%
• Cash-on-cash: 8.83%
• DSCR: 1.39
• GRM: 8.1

CMA / ARV

• ARV (on-the-fly): $372,590
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
126 E Laurel Cir	0.19mi	3/2.0 (-1)	2,029 (+4%)	4mo	$399,999	$197	77
322 E Markley Dr	0.40mi	4/2.5	2,030 (+4%)	1mo	$240,000	$118	73
1451 N Koenig Dr	0.22mi	3/2.0 (-1)	2,097 (+7%)	4mo	$415,000	$198	70
1103 N Olive Ave	0.53mi	3/2.0 (-1)	1,910 (-3%)	1mo	$379,900	$199	65
556 E Manor Dr	0.38mi	5/2.0 (+1)	1,900 (-3%)	15mo	$329,900	$174	60
500 E Manor Dr	0.24mi	3/2.0 (-1)	1,843 (-6%)	17mo	$350,000	$190	59
314 E Cholla St	0.11mi	5/3.0 (+1)	1,701 (-13%)	9mo	$322,500	$190	56
700 E 10th St	0.70mi	4/2.0	2,101 (+7%)	5mo	$290,000	$138	51
220 W 13th St	0.48mi	3/2.0 (-1)	1,709 (-13%)	5mo	$255,000	$149	47
486 E Providence Dr	0.74mi	3/3.0 (-1)	1,865 (-5%)	5mo	$399,000	$214	44
415 E Providence Dr	0.67mi	3/2.0 (-1)	2,020 (+3%)	19mo	$340,000	$168	43
514 E Gabrilla Dr	0.67mi	3/1.8 (-1)	1,756 (-10%)	14mo	$330,000	$188	34

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 · 4.6% rent growth · sell at horizon

5-year hold

• IRR: -1.3%
• Equity multiple: 0.95×
• Total profit: $-3,388
• Equity at exit: $35,024

10-year hold

• IRR: 9.8%
• Equity multiple: 1.81×
• Total profit: $53,085
• Equity at exit: $20,310

Cash invested: $65,772 (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 85122

• Home prices YoY: -22.4%
• Rents YoY: 4.6%
• Active inventory: 633
• Price-to-rent: 8.1×

Monthly cashflow live

• Estimated rent: $2,409 high
• Mortgage (P&I): −$1,232
• Tax from tax record: −$89 /mo · $1,074/yr
• Insurance: −$98
• HOA: −$0
• Vacancy / Maint / Mgmt: −$506
• Net cashflow: $484

Break-even live

Break-even rent $1,796

Max offer price $234,900

Occupancy floor 75%

Sensitivity live

Price	-10% $617	-5% $550	+0% $484	+5% $417	+10% $351
Rent	-10% $294	-5% $389	+0% $484	+5% $579	+10% $674
Rate	-1.0pp $602	-0.5pp $544	base $484	+0.5pp $423	+1.0pp $361

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: $58,725
• Closing costs: $7,047
• Reserves months: —
• Total cash needed: —

Rent comps 26 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1640 N Cameron St Unit 1640 Casa Grande, AZ	3.0	2.5	1577	$3,250	$2.06	25d	1	0.33mi
1640 N Cameron St Casa Grande, AZ	3.0	2.0	1577	$3,250	$2.06	25d	1	0.33mi
1640 N Cameron St Casa Grande, AZ	3.0	2.0	1577	$3,250	$2.06	23d	1	0.33mi
1642 N Cameron St Casa Grande, AZ	3.0	2.5	1577	$3,250	$2.06	25d	1	0.33mi
1584 N Wood St Casa Grande, AZ	4.0	2.0	1928	$1,800	$0.93	16d	1	0.69mi
559 W Viola St Casa Grande, AZ	3.0	2.5	2451	$1,800	$0.73	18d	1	0.80mi
1620 N Trekell Rd Casa Grande, AZ	1.0–3.0	1.0–2.5	1090	$2,640	$2.42	2d	1	0.82mi
1846 N Princeton Ave Casa Grande, AZ	4.0	2.0	1786	$1,750	$0.98	5d	1	0.82mi
919 N Gilbert Ave Casa Grande, AZ	3.0	2.0	1630	$1,975	$1.21	6d	1	0.86mi
1775 N Terrace Cir Casa Grande, AZ	3.0	2.0	1628	$1,699	$1.04	16d	1	0.87mi
1131 E Trinity Pl Casa Grande, AZ	4.0	2.5	1600	$1,650	$1.03	25d	1	0.98mi
1161 E O'Neil Dr Casa Grande, AZ	2.0–4.0	2.0	1144	$1,700	$1.49	4d	12	1.02mi
1153 E Gabrilla Dr Casa Grande, AZ	4.0	2.0	1689	$1,795	$1.06	21d	1	1.05mi
928 N Pueblo Dr Casa Grande, AZ	3.0	2.0	1300	$1,550	$1.19	25d	1	1.13mi
767 W Barrus Dr Casa Grande, AZ	3.0	2.0	1463	$1,695	$1.16	25d	1	1.16mi
846 N Pueblo Dr #138 Casa Grande, AZ	3.0	2.0	1324	$1,700	$1.28	16d	1	1.19mi
1025 N Menze St Casa Grande, AZ	3.0	1.5	1301	$1,695	$1.30	13d	1	1.20mi
1007 N Menze St Casa Grande, AZ	4.0	2.0	1539	$1,580	$1.03	6d	1	1.22mi
645 W Jardin Dr Casa Grande, AZ	3.0	2.0	1309	$1,650	$1.26	25d	1	1.24mi
1936 N Trekell Rd Casa Grande, AZ	1.0–4.0	1.0–2.0	1033	$1,953	$1.89	3d	29	1.30mi
520 W Casa Mirage Ct Casa Grande, AZ	3.0	2.0	1536	$1,600	$1.04	5d	1	1.31mi
1256 E Jahns Dr Casa Grande, AZ	4.0	3.0	2094	$2,199	$1.05	6d	1	1.32mi
736 W Palo Verde Dr Casa Grande, AZ	3.0	2.0	1810	$3,550	$1.96	25d	1	1.33mi
1979 N Vista Ln Casa Grande, AZ	4.0	2.0	1636	$2,200	$1.34	25d	1	1.39mi
803 W Jardin Dr Casa Grande, AZ	3.0	2.0	1491	$1,725	$1.16	5d	1	1.42mi
2094 N Sweetwater Dr Casa Grande, AZ	3.0	2.0	1266	$1,700	$1.34	25d	1	1.46mi

Listing history 35 events

1. 2026-06-21
   days on market $234,900 Active 217 DOM
2. 2026-06-18
   days on market $234,900 Active 214 DOM
3. 2026-06-17
   days on market $234,900 Active 213 DOM
4. 2026-06-16
   days on market $234,900 Active 212 DOM
5. 2026-06-15
   days on market $234,900 Active 211 DOM
6. 2026-06-13
   days on market $234,900 Active 209 DOM
7. 2026-06-13
   days on market $234,900 Active 208 DOM
8. 2026-06-09
   days on market $234,900 Active 205 DOM
9. 2026-06-08
   days on market $234,900 Active 204 DOM
10. 2026-06-07
    days on market $234,900 Active 203 DOM
11. 2026-06-04
    days on market $234,900 Active 200 DOM
12. 2026-06-03
    pricedays on market $234,900 Active 199 DOM
13. 2026-06-02
    days on market $249,900 Active 198 DOM
14. 2026-06-01
    days on market $249,900 Active 197 DOM
15. 2026-05-31
    days on market $249,900 Active 196 DOM
16. 2026-03-25
    price $249,900
17. 2026-01-16
    price $259,900
18. 2025-12-20
    price $269,900
19. 2025-11-16
    listed $279,900 Active
20. 2019-11-28
    soldstatus $199,000 Closed 381-char remark

    Show marketing remark (381 chars)

    Remodeled 4 bedroom/2bath with a bonus tandem room off the master. 2 new AC units; New roof; new hot water heater. Stylish new kitchen with white shaker cabinets; granite countertops and all new stainless steel appliances. Two living spaces with large bright family room. RV gate with room for RV parking; covered canopy for extra shade. Best of all, no hoas! This is worth seeing.

21. 2019-11-27
    soldstatus $199,000
22. 2019-11-02
    status Pending 381-char remark

    Show marketing remark (381 chars)

    Remodeled 4 bedroom/2bath with a bonus tandem room off the master. 2 new AC units; New roof; new hot water heater. Stylish new kitchen with white shaker cabinets; granite countertops and all new stainless steel appliances. Two living spaces with large bright family room. RV gate with room for RV parking; covered canopy for extra shade. Best of all, no hoas! This is worth seeing.

23. 2019-10-25
    listed $199,000 Active 381-char remark

    Show marketing remark (381 chars)

    Remodeled 4 bedroom/2bath with a bonus tandem room off the master. 2 new AC units; New roof; new hot water heater. Stylish new kitchen with white shaker cabinets; granite countertops and all new stainless steel appliances. Two living spaces with large bright family room. RV gate with room for RV parking; covered canopy for extra shade. Best of all, no hoas! This is worth seeing.

24. 2009-04-17
    soldstatus $38,000 268-char remark

    Show marketing remark (268 chars)

    This is a bank owned foreclosure property.The seller has never lived here nor can verify any previous or current condition of this home. There will be no SPDS or C.L.U.E. report delivered to the buyer. This is strictly an 'AS IS' sale. THIS IS A CASH SALE ONLY PLEASE.

25. 2009-03-31
    historical 268-char remark

    Show marketing remark (268 chars)

    This is a bank owned foreclosure property.The seller has never lived here nor can verify any previous or current condition of this home. There will be no SPDS or C.L.U.E. report delivered to the buyer. This is strictly an 'AS IS' sale. THIS IS A CASH SALE ONLY PLEASE.

26. 2008-12-18
    listed $34,900 268-char remark

    Show marketing remark (268 chars)

    This is a bank owned foreclosure property.The seller has never lived here nor can verify any previous or current condition of this home. There will be no SPDS or C.L.U.E. report delivered to the buyer. This is strictly an 'AS IS' sale. THIS IS A CASH SALE ONLY PLEASE.

27. 2008-09-02
    historical
28. 2008-02-05
    listed $85,000
29. 2005-12-01
    soldstatus $153,500
30. 2005-11-28
    soldstatus $153,500
31. 2005-11-10
    historical
32. 2005-07-24
    listed $160,000
33. 1999-11-23
    soldstatus $84,900
34. 1986-01-29
    soldstatus $43,500
35. 1979-05-14
    soldstatus $28,000

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

Tax reassessment forecast AZ · Resets to sale price

• Current annual tax: $1,074 · $89/mo
• Projected year-2 tax: $1,550 · $129/mo
• Expected delta: +$476/yr (+$40/mo · 44.4%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 6/10 Major
• 🌡 Heat 9/10 Extreme 7 d/yr ≥113°F today · 19 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $28,909
• − Mortgage interest: −$13,158
• − Property taxes: −$1,074
• − Insurance: −$1,174
• − Repairs & maintenance: −$2,313
• − Management: −$2,313
• − Depreciation: −$6,833
• Taxable income: $2,044
• Est. tax owed @ 24.0%: −$491
• After-tax cash flow: $5,317/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: Casa Grande Union High School District (4453)
• NCES district ID: 0401740
• Math proficiency: 14% ▼ -15.00%
• Reading proficiency: 21% ▼ -10.00%
• Median HH income: $45,373
• Composite: 15.38/100
• National rank: #9319
• State rank: #193 of 249 in AZ

Livability — Casa Grande

• Score: 58/100
• State rank: #220
• US rank: #21534

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Casa Grande, AZ
• County: Pinal County · 399,947 people
• City population: 69,701
• Metro: Phoenix-Mesa-Chandler, AZ
• Population (ZIP): 61,624
• Household income: $68,443
• Rent vs Own: 28.6% rent · 71.4% own
• Severe rent burden: 1250.0

Population outlook (Pinal County) Hauer SSP2

• Today (2025): 437,574 people
• By 2030: 446,903 · +2.1%
• By 2040: 452,589 · +3.4%
• By 2050: 444,126 · +1.5%
• By 2075: 430,300 · -1.7%
• By 2100: 393,536 · -10.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.63)
• Race & ethnicity: Hispanic / Latino 44% White 42% Two or more races 21% Black 4% Native American 4% Asian 1%
• Hispanic origin (detail): Mexican 40%
• Common ancestry: Lithuanian 1% Slovak 1% Portuguese 1%
• Foreign-born: 12% · Canada
• Languages at home: 75% English-only · Spanish 23% Tagalog/Filipino 1% Other Indo-European 1%

Political lean MEDSL · Pinal

• 2024 margin: Strong R (+22.1) · D 38.5% · R 60.6%
• 2008→2024 swing: -7.6pp toward R · 2008: -14.5pp · 2024: -22.1pp
• All cycles: 2024: R+22.1 2020: R+17.3 2016: R+19.3 2012: R+17.1 2008: R+14.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -67.32%
• Current HPI: 233.148
• Rent YoY: ▲ 4.60%
• 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

+792.5% since first listed

20 events — show timeline

• 2026-03-25 Price Changed $249,900 ARMLS
• 2026-01-16 Price Changed $259,900 ARMLS
• 2025-12-20 Price Changed $269,900 ARMLS
• 2025-11-16 Listed $279,900 ARMLS
• 2019-11-28 Sold (MLS) $199,000 ARMLS
• 2019-11-27 Sold (Public Records) $199,000 Public Records
• 2019-11-02 Pending — ARMLS
• 2019-10-25 Listed $199,000 ARMLS
• 2009-04-17 Sold (MLS) $38,000 ARMLS
• 2009-03-31 Listing Removed — ARMLS
• 2008-12-18 Listed $34,900 ARMLS
• 2008-09-02 Listing Removed — ARMLS
• 2008-02-05 Listed $85,000 ARMLS
• 2005-12-01 Sold (MLS) $153,500 ARMLS
• 2005-11-28 Sold (Public Records) $153,500 Public Records
• 2005-11-10 Listing Removed — ARMLS
• 2005-07-24 Listed $160,000 ARMLS
• 1999-11-23 Sold (Public Records) $84,900 Public Records
• 1986-01-29 Sold (Public Records) $43,500 Public Records
• 1979-05-14 Sold (Public Records) $28,000 Public Records

Property tax history

-0.1%/yr

Latest (2025): $1,074 · +7.3% YoY. Source: county tax records.