3068 Jennie Ln · Desert Hills, AZ 86404

$198,900

3 bd · 2.0 ba · 1,440 sqft · Manufactured public records · 91 Days on market

Built 1969 5,227 sqft lot $138/sqft · 18% below area Est $242k · 18% 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 +25.0/30.0
• ARV discount +15.0/15.0
• DSCR +8.2/10.0
• 1% rule +6.5/10.0
• Schools +3.4/10.0
• Livability +3.4/5.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This is the one byers keep asking for - Affordable, clean, and built for the Havasu lifestyle. Boat Parking + Move-In Ready = Havasu Living Done Right! Welcome to an updated and well-maintained3 BDR, 2 BTH home offering comfort, functionality and room for all your Havasu toys. Step inside to a bright and open living space featuring newer flooring, fresh neutral tones, and abundant natural light. The spacious layout flows seamlessly into the dining area and kitchen, creating an inviting space for everyday living or entertaining. The kitchen offers ample cabinetry, generous counter space, and stainless steel Whirlpool appliances, including a gas range. The primary suite provides a comfortable retreat with plenty of space, dual sinks and vanity, while two additional bedrooms offer flexibility for guests, family or a home office. Outside, you'll find a large driveway with excellent side parking-ideal for your boat, trailer, or desert toys. The property also features a detached storage shed/workshop. Low-maintenance desert landscaping makes this home easy to care for year-round. Whether you're looking for a full-time residence of a vacation getaway, this property checks all the boxes BOAT PARKING + MOVE-IN READY = HAVASU LIVING DONE RIGHT Welcome to 3068 Jennie Ln. in Lake Havasu City - an updated and well-maintained 3 BDR, 2 BTH home offering comfort, functionality and room for all your Lake & River Toys. Step inside to a bright and open living space featuring newer flooring, fresh neutral tones, and abundant natural light. The spacious layout flows seamlessly into the dining area and kitchen, creating an inviting space for everyday living or entertaining. The kitchen offers ample cabinetry, generous counter space and Stainless Steel Whirlpool appliances - including a gas range - perfect for cooking and gathering. Laundry room is conveniently located off the dining room! The primary suite provides a comfortable retreat with plenty of space and double sinks and vanity, while two additional bedrooms offer flexibility for guests, family or a home office. Outside, you'll find a large driveway with excellent side parking-ideal for your boat, RV and all your river toys. - a must-have in Havasu. The property also includes a detached storage shed/workshop, offering additional flexibility for hobbies, storage, or workspace needs. The low-maintenance desert landscaping, mature palm tree, and fully fenced yard to add to the home's easy-care appeal - Lock and go! Located on a quiet street with easy access to dining, Golf, shopping and access to all launch ramps to the Lake on the Colorado River. Ideal as a full-time residence, vacation getaway, or investment opportunity. Affordable Havasu living with room for your toys - Don't miss this one! Lake Havasu City - No Bad Days!

Key facts

• Large driveway
• Boat parking
• Updated kitchen

Tags

• BOAT PARKING
• DETACHED STORAGE SHED
• LARGE DRIVEWAY
• UPDATED KITCHEN
• ABUNDANT NATURAL LIGHT

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $199k.

Deal economics

• At list price, monthly cash flow is $435 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $199k).
• Recommended offer: $181k (9.0% below list) — sets the bar for market timing.
• Cap rate 8.9% vs local median 2.0% in Desert Hills — 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 67/100 on livability (#65 in AZ) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: health & safety C-, schools D+, employment D.
• Lake Havasu Unified District (4368) (urban): math 39% / reading 41% proficiency, ranked #66 of 249 in AZ (top 26%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents flat; 414 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; 2,543 units permitted in Mohave County in 2024 (33 in 5+ unit buildings).
• This rent runs 38% of the median local income ($73k/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 $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Mohave County population projected to shrink 6% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 91 days — a 9% lower offer ($181k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $60k; list at $199k implies a 232% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 6→14/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $180,999 (9.0% below list)

Questions for the listing agent

1. It's been on market 91 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1969 — 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. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 1.15% ✓
• Cap rate: 8.92%
• Cash-on-cash: 9.37%
• DSCR: 1.42
• GRM: 7.2

CMA / ARV

• ARV (median comp): $242,500
• List price: $198,900
• Delta: -17.98%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3045 Erwin Ln	0.06mi	2/2.0 (-1)	1,440 (0%)	7mo	$172,500	$120	86
3040 Erwin Ln	0.09mi	4/2.0 (+1)	1,400 (-3%)	10mo	$199,000	$142	78
3043 William Dr	0.26mi	3/2.0	1,393 (-3%)	8mo	$330,000	$237	76
2171 Perlite Ln	0.48mi	3/2.5	1,440 (0%)	1mo	$210,000	$146	75
3037 Mescalero Dr	0.29mi	3/2.0	1,344 (-7%)	2mo	$274,000	$204	73
3195 Jennie Ln	0.20mi	3/2.0	1,292 (-10%)	2mo	$240,000	$186	72
3017 N Erwin Ln	0.13mi	3/2.0	1,286 (-11%)	6mo	$215,000	$167	72
3026 Mescalero Dr	0.24mi	2/2.0 (-1)	1,536 (+7%)	2mo	$190,000	$124	71
3131 Mescalero Dr	0.51mi	2/2.0 (-1)	1,440 (0%)	8mo	$225,000	$156	64
3205 Erwin Ln	0.22mi	2/1.0 (-1)	1,260 (-12%)	3mo	$119,000	$94	57
3139 Lake Dr	0.54mi	3/2.0	1,334 (-7%)	7mo	$280,000	$210	56
3026 Pero Dr	0.36mi	2/2.0 (-1)	1,248 (-13%)	6mo	$295,000	$236	51

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 · 0.66% rent growth · sell at horizon

5-year hold

• IRR: -4.8%
• Equity multiple: 0.82×
• Total profit: $-9,772
• Equity at exit: $29,657

10-year hold

• IRR: 1.9%
• Equity multiple: 1.12×
• Total profit: $6,658
• Equity at exit: $17,197

Cash invested: $55,692 (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 86404

• Home prices YoY: -32.0%
• Rents YoY: 0.7%
• Active inventory: 414
• Price-to-rent: 7.2×

Monthly cashflow live

• Estimated rent: $2,290 medium
• Mortgage (P&I): −$1,043
• Tax est. 1.5%: −$249 /mo · $2,984/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$481
• Net cashflow: $435

Break-even live

Break-even rent $1,740

Max offer price $198,900

Occupancy floor 76%

Sensitivity live

Price	-10% $572	-5% $504	+0% $435	+5% $366	+10% $297
Rent	-10% $254	-5% $344	+0% $435	+5% $525	+10% $616
Rate	-1.0pp $535	-0.5pp $485	base $435	+0.5pp $383	+1.0pp $331

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: $49,725
• Closing costs: $5,967
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3011 Mescalero Dr Lake Havasu City, AZ	2.0	2.0	1445	$2,475	$1.71	44d	1	0.12mi
3021 Lake Dr Lake Havasu City, AZ	2.0	2.0	1512	$1,800	$1.19	14d	1	0.14mi
3864 N Stratford St Lake Havasu City, AZ	3.0	2.0	1779	$2,400	$1.35	14d	1	0.79mi
1942 Palo Verde Blvd N Lake Havasu City, AZ	3.0	2.0	1623	$3,500	$2.16	44d	1	1.46mi

Listing history 20 events

1. 2026-06-18
   days on market $198,900 Active 91 DOM
2. 2026-06-17
   days on market $198,900 Active 90 DOM
3. 2026-06-16
   days on market $198,900 Active 89 DOM
4. 2026-06-15
   days on market $198,900 Active 88 DOM
5. 2026-06-14
   days on market $198,900 Active 86 DOM
6. 2026-06-13
   days on market $198,900 Active 85 DOM
7. 2026-06-10
   days on market $198,900 Active 83 DOM
8. 2026-06-09
   days on market $198,900 Active 82 DOM
9. 2026-06-08
   days on market $198,900 Active 81 DOM
10. 2026-06-07
    days on market $198,900 Active 80 DOM
11. 2026-06-03
    days on market $198,900 Active 76 DOM
12. 2026-06-02
    days on market $198,900 Active 75 DOM
13. 2026-06-01
    days on market $198,900 Active 74 DOM
14. 2026-05-31
    days on market $198,900 Active 73 DOM
15. 2026-05-30
    days on market $198,900 Active 72 DOM
16. 2026-05-08
    price $198,900 2815-char remark

    Show marketing remark (2815 chars)

    This is the one byers keep asking for - Affordable, clean, and built for the Havasu lifestyle. Boat Parking + Move-In Ready = Havasu Living Done Right! Welcome to an updated and well-maintained3 BDR, 2 BTH home offering comfort, functionality and room for all your Havasu toys. Step inside to a bright and open living space featuring newer flooring, fresh neutral tones, and abundant natural light. The spacious layout flows seamlessly into the dining area and kitchen, creating an inviting space for everyday living or entertaining. The kitchen offers ample cabinetry, generous counter space, and stainless steel Whirlpool appliances, including a gas range. The primary suite provides a comfortable retreat with plenty of space, dual sinks and vanity, while two additional bedrooms offer flexibility for guests, family or a home office. Outside, you'll find a large driveway with excellent side parking-ideal for your boat, trailer, or desert toys. The property also features a detached storage shed/workshop. Low-maintenance desert landscaping makes this home easy to care for year-round. Whether you're looking for a full-time residence of a vacation getaway, this property checks all the boxes BOAT PARKING + MOVE-IN READY = HAVASU LIVING DONE RIGHT Welcome to 3068 Jennie Ln. in Lake Havasu City - an updated and well-maintained 3 BDR, 2 BTH home offering comfort, functionality and room for all your Lake & River Toys. Step inside to a bright and open living space featuring newer flooring, fresh neutral tones, and abundant natural light. The spacious layout flows seamlessly into the dining area and kitchen, creating an inviting space for everyday living or entertaining. The kitchen offers ample cabinetry, generous counter space and Stainless Steel Whirlpool appliances - including a gas range - perfect for cooking and gathering. Laundry room is conveniently located off the dining room! The primary suite provides a comfortable retreat with plenty of space and double sinks and vanity, while two additional bedrooms offer flexibility for guests, family or a home office. Outside, you'll find a large driveway with excellent side parking-ideal for your boat, RV and all your river toys. - a must-have in Havasu. The property also includes a detached storage shed/workshop, offering additional flexibility for hobbies, storage, or workspace needs. The low-maintenance desert landscaping, mature palm tree, and fully fenced yard to add to the home's easy-care appeal - Lock and go! Located on a quiet street with easy access to dining, Golf, shopping and access to all launch ramps to the Lake on the Colorado River. Ideal as a full-time residence, vacation getaway, or investment opportunity. Affordable Havasu living with room for your toys - Don't miss this one! Lake Havasu City - No Bad Days!

17. 2026-03-19
    listed $245,000 Active 2815-char remark

    Show marketing remark (2815 chars)

    This is the one byers keep asking for - Affordable, clean, and built for the Havasu lifestyle. Boat Parking + Move-In Ready = Havasu Living Done Right! Welcome to an updated and well-maintained3 BDR, 2 BTH home offering comfort, functionality and room for all your Havasu toys. Step inside to a bright and open living space featuring newer flooring, fresh neutral tones, and abundant natural light. The spacious layout flows seamlessly into the dining area and kitchen, creating an inviting space for everyday living or entertaining. The kitchen offers ample cabinetry, generous counter space, and stainless steel Whirlpool appliances, including a gas range. The primary suite provides a comfortable retreat with plenty of space, dual sinks and vanity, while two additional bedrooms offer flexibility for guests, family or a home office. Outside, you'll find a large driveway with excellent side parking-ideal for your boat, trailer, or desert toys. The property also features a detached storage shed/workshop. Low-maintenance desert landscaping makes this home easy to care for year-round. Whether you're looking for a full-time residence of a vacation getaway, this property checks all the boxes BOAT PARKING + MOVE-IN READY = HAVASU LIVING DONE RIGHT Welcome to 3068 Jennie Ln. in Lake Havasu City - an updated and well-maintained 3 BDR, 2 BTH home offering comfort, functionality and room for all your Lake & River Toys. Step inside to a bright and open living space featuring newer flooring, fresh neutral tones, and abundant natural light. The spacious layout flows seamlessly into the dining area and kitchen, creating an inviting space for everyday living or entertaining. The kitchen offers ample cabinetry, generous counter space and Stainless Steel Whirlpool appliances - including a gas range - perfect for cooking and gathering. Laundry room is conveniently located off the dining room! The primary suite provides a comfortable retreat with plenty of space and double sinks and vanity, while two additional bedrooms offer flexibility for guests, family or a home office. Outside, you'll find a large driveway with excellent side parking-ideal for your boat, RV and all your river toys. - a must-have in Havasu. The property also includes a detached storage shed/workshop, offering additional flexibility for hobbies, storage, or workspace needs. The low-maintenance desert landscaping, mature palm tree, and fully fenced yard to add to the home's easy-care appeal - Lock and go! Located on a quiet street with easy access to dining, Golf, shopping and access to all launch ramps to the Lake on the Colorado River. Ideal as a full-time residence, vacation getaway, or investment opportunity. Affordable Havasu living with room for your toys - Don't miss this one! Lake Havasu City - No Bad Days!

18. 2012-09-07
    soldstatus $60,000
19. 2000-05-19
    soldstatus $40,000
20. 1994-05-02
    soldstatus $30,000

ⓘ 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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 9/10 Extreme 6 d/yr ≥114°F today · 14 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: $27,484
• − Mortgage interest: −$11,141
• − Property taxes: −$2,984
• − Insurance: −$994
• − Repairs & maintenance: −$2,199
• − Management: −$2,199
• − Depreciation: −$5,786
• Taxable income: $2,181
• Est. tax owed @ 24.0%: −$523
• After-tax cash flow: $4,694/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: Lake Havasu Unified District (4368)
• NCES district ID: 0404280
• Math proficiency: 39% ▼ -16.00%
• Reading proficiency: 41% ▼ -8.00%
• Median HH income: $43,993
• Composite: 33.92/100
• National rank: #5339
• State rank: #66 of 249 in AZ

Livability — Desert Hills

• Score: 67/100
• State rank: #65
• US rank: #11043

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Desert Hills, AZ
• County: Mohave County · 181,906 people
• Metro: Lake Havasu City-Kingman, AZ
• Population (ZIP): 19,234
• Household income: $72,910
• Rent vs Own: 19.3% rent · 80.7% own
• Severe rent burden: 343.0

Population outlook (Mohave County) Hauer SSP2

• Today (2025): 209,184 people
• By 2030: 209,674 · +0.2%
• By 2040: 205,897 · -1.6%
• By 2050: 196,810 · -5.9%
• By 2075: 169,454 · -19.0%
• By 2100: 136,630 · -34.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (83%)
• Race & ethnicity: White 83% Hispanic / Latino 12% Two or more races 6%
• Hispanic origin (detail): Mexican 10%
• Common ancestry: Romanian 3% Portuguese 3% Slovak 3%
• Foreign-born: 5% · Canada
• Languages at home: 94% English-only · Spanish 5%

Political lean MEDSL · Mohave

• 2024 margin: Solid R (+55.8) · D 21.8% · R 77.6%
• 2008→2024 swing: -22.9pp toward R · 2008: -32.9pp · 2024: -55.8pp
• All cycles: 2024: R+55.8 2020: R+51.3 2016: R+51.5 2012: R+42.6 2008: R+32.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -189.23%
• Current HPI: 402.8832
• Rent YoY: ▲ 0.66%
• Metro: Lake Havasu City-Kingman, 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

+563.0% since first listed

5 events — show timeline

• 2026-05-08 Price Changed $198,900 LHAR
• 2026-03-19 Listed $245,000 LHAR
• 2012-09-07 Sold (Public Records) $60,000 Public Records
• 2000-05-19 Sold (Public Records) $40,000 Public Records
• 1994-05-02 Sold (Public Records) $30,000 Public Records

Property tax history

+3.2%/yr

Latest (2025): $337 · +2.6% YoY. Source: county tax records.