2605 S Tomahawk Rd #187 · Apache Junction, AZ 85119

$47,000

2 bd · 2.0 ba · 1,056 sqft · Manufactured · 86 Days on market

Built 1983 Good condition ↓ 22% since listing

---

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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Condition / age +3.8/5.0
• Livability +3.3/5.0
• Rent growth +2.9/5.0
• Schools +1.5/10.0
• Appreciation +0.0/10.0

Listing remarks

REDUCED! Welcome home to this neat, clean, newly updated affordable home. It's located in a gated 55+ active adult community with low lot rent, Mountain views and a very large backyard. lSome of the NEW items include a 3 door refrigerator, new flooring & ceiling fans. Your kitchen also has a farm sink, plenaty of cabinets with new handles and drawer pulls and a coat or broom closet. Both bathrooms have been updated with vanities, dual flush toilets. There is a walk in shower in the primary Bathroom. The washer and dryer stay as well. The shed with double doors has ample room for garden tools and storage . There's so many activities to enjoy at the clubhouse and pool plus pickleball c

Key facts

• Parking
• Community pool
• Built 1983

Property features AI

Finance

• Other: Private maintained road
• Financial info: $114.11 annual tax (2025)
• HOA & community: Land lease of $786 monthly; Association covers sewer, street maintenance, trash and water; Community amenities include pool, community spa, pickleball, fitness center, community media room, coin-op laundry; No visible trucks/trailers/RVs/boats allowed

Exterior

• Parking: 1 covered parking space; 1 carport space
• Security: Gated community
• Utilities: City water; Septic (connected); Land lease (monthly)
• Home design: Manufactured/mobile home; Leasehold; Mountain views
• Construction: Vinyl siding; Wood frame construction; Painted exterior; Rolled/Hot Mop roof
• Exterior features: Private streets; Storage; Shed(s); Desert front yard; Gravel/stone in back yard; Heated spa

Interior

• Kitchen: Refrigerator; Dishwasher
• Bedrooms: 2 bedrooms
• Flooring: Carpet; Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heating; Central air; Ceiling fans
• Interior features: Breakfast bar; 3/4 bath in primary bedroom
• Laundry & utility: Indoor laundry

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $47k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $893 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $47k).
• Recommended offer: $44k (6.0% below list) — sets the bar for market timing.
• Cap rate 29.1% vs local median 3.5% in Apache Junction — 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 66/100 on livability (#70 in AZ) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: crime D+, amenities F, commute F.
• Apache Junction Unified District (4443) (suburban): math 15% / reading 20% proficiency, ranked #195 of 249 in AZ (top 78%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Desert Vista Elementary School (math 18% / reading 23%, grade F, #729 of 1,109 statewide, top 67%, 536 students, 50% FRL); Cactus Canyon Junior High (math 14% / reading 19%, grade F, #151 of 218 statewide, top 70%, 702 students, 50% FRL); Apache Junction High School (math 12% / reading 17%, grade F, #267 of 381 statewide, top 72%, 999 students, 48% FRL) — zoned schools at 49% FRL track the district average.
• Market conditions: Rents rising (+1.6%/yr); 358 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals leasing fast (median 7d on market — plan ~1-2 weeks tenant-placement turnaround); 9,504 units permitted in Pinal County in 2024 (776 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $325 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 1.6% rent growth), your $13k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 86 days — a 6% lower offer ($44k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: moderate wildfire risk; extreme-heat days projected 3→9/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $44,180 (6.0% below list)

Questions for the listing agent

1. It's been on market 86 days. Have you received any prior offers? Is the seller open to a 6% 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: 3.28% ✓
• Cap rate: 29.10%
• Cash-on-cash: 81.47%
• DSCR: 4.62
• GRM: 2.5

CMA / ARV

• ARV (on-the-fly): $109,824
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2605 S Tomahawk Rd #120	0.05mi	2/2.0	1,000 (-5%)	3mo	$85,000	$85	86
1416 E Southern Ave	0.26mi	2/2.0	1,057 (+0%)	10mo	$99,000	$94	79
1730 E 21st Ave	0.32mi	2/2.0	1,024 (-3%)	5mo	$235,000	$229	76
2605 S Tomahawk Rd #181	0.05mi	3/2.0 (+1)	1,200 (+14%)	4mo	$125,000	$104	67
2605 S Tomahawk Rd #199	0.05mi	2/2.0	1,200 (+14%)	13mo	$43,500	$36	64
3500 S Tomahawk Rd #198	0.63mi	2/2.0	1,056 (0%)	9mo	$75,000	$71	63
1423 E 19th Ave	0.47mi	2/2.0	960 (-9%)	4mo	$235,000	$245	60
1370 E 21st Ave	0.42mi	2/2.0	924 (-12%)	2mo	$125,000	$135	58
2388 S Vista Rd	0.14mi	3/2.0 (+1)	1,200 (+14%)	11mo	$294,000	$245	56
2884 S Acacia Rd	0.50mi	3/2.0 (+1)	900 (-15%)	0mo	$155,000	$172	47
3700 S Tomahawk Rd #22	0.75mi	3/2.0 (+1)	960 (-9%)	2mo	$57,500	$60	43
3500 S Tomahawk Rd #178	0.62mi	2/1.0	910 (-14%)	12mo	$62,000	$68	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 · 1.57% rent growth · sell at horizon

5-year hold

• IRR: 80.1%
• Equity multiple: 4.58×
• Total profit: $47,121
• Equity at exit: $7,008

10-year hold

• IRR: 83.2%
• Equity multiple: 9.03×
• Total profit: $105,675
• Equity at exit: $4,064

Cash invested: $13,160 (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 85119

• Home prices YoY: -33.5%
• Rents YoY: 1.6%
• Active inventory: 358
• Price-to-rent: 2.5×

Monthly cashflow live

• Estimated rent: $1,542 high
• Mortgage (P&I): −$246
• Tax est. 1.5%: −$59 /mo · $705/yr
• Insurance: −$20
• HOA: −$0
• Vacancy / Maint / Mgmt: −$324
• Net cashflow: $893

Break-even live

Break-even rent $411

Max offer price $47,000

Occupancy floor 37%

Sensitivity live

Price	-10% $926	-5% $910	+0% $893	+5% $877	+10% $861
Rent	-10% $772	-5% $833	+0% $893	+5% $954	+10% $1,015
Rate	-1.0pp $917	-0.5pp $905	base $893	+0.5pp $881	+1.0pp $869

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: $11,750
• Closing costs: $1,410
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1540 E 25th Ave Apache Junction, AZ	2.0	1.0	850	$995	$1.17	14d	1	0.15mi
1510 E 26th Ln Unit 2 Apache Junction, AZ	2.0	1.5	1160	$1,550	$1.34	0d	1	0.17mi
3448 S Chaparral Rd Apache Junction, AZ	3.0	2.0	1186	$1,848	$1.56	13d	1	0.59mi
3333 S Conestoga Rd Apache Junction, AZ	3.0	2.0	1387	$2,900	$2.09	25d	1	0.61mi
700 E Quail Ave Apache Junction, AZ	3.0	2.0	1168	$1,795	$1.54	6d	1	0.68mi
501 E Quail Ave Apache Junction, AZ	2.0	1.0	720	$1,150	$1.60	5d	1	0.80mi
501 E Quail Ave Apache Junction, AZ	2.0	1.0	720	$1,150	$1.60	6d	1	0.80mi
705 E Kachina Ave Apache Junction, AZ	3.0	2.0	1400	$2,655	$1.90	6d	1	0.84mi
403 E Quail Ave Apache Junction, AZ	2.0	1.0	800	$1,350	$1.69	6d	1	0.85mi
1297 E Broadway Ave Apache Junction, AZ	1.0–3.0	1.0–2.0	954	$1,937	$2.03	2d	29	1.03mi
975 S Royal Palm Rd Apache Junction, AZ	2.0–3.0	2.0	1000	$1,325	$1.32	0d	12	1.14mi
452 E 10th Ave Unit 104 Apache Junction, AZ	2.0	1.0	783	$1,000	$1.28	23d	1	1.26mi
2061 S Apache Dr Unit 1 Apache Junction, AZ	2.0	1.0	800	$1,095	$1.37	6d	1	1.27mi

Listing history 17 events

1. 2026-06-21
   days on market $47,000 Active 86 DOM
2. 2026-06-18
   days on market $47,000 Active 83 DOM
3. 2026-06-17
   days on market $47,000 Active 82 DOM
4. 2026-06-16
   days on market $47,000 Active 81 DOM
5. 2026-06-15
   days on market $47,000 Active 80 DOM
6. 2026-06-13
   days on market $47,000 Active 78 DOM
7. 2026-06-09
   days on market $47,000 Active 74 DOM
8. 2026-06-08
   days on market $47,000 Active 73 DOM
9. 2026-06-07
   days on market $47,000 Active 72 DOM
10. 2026-06-04
    days on market $47,000 Active 69 DOM
11. 2026-06-03
    days on market $47,000 Active 68 DOM
12. 2026-06-02
    days on market $47,000 Active 67 DOM
13. 2026-06-01
    days on market $47,000 Active 66 DOM
14. 2026-05-31
    days on market $47,000 Active 65 DOM
15. 2026-05-21
    price $47,000
16. 2026-04-24
    price $52,000
17. 2026-03-27
    listed $59,900 Active

ⓘ 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 5/10 Major
• 🌡 Heat 8/10 Severe 3 d/yr ≥111°F today · 9 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,505
• − Mortgage interest: −$2,633
• − Property taxes: −$705
• − Insurance: −$235
• − Repairs & maintenance: −$1,480
• − Management: −$1,480
• − Depreciation: −$1,367
• Taxable income: $10,604
• Est. tax owed @ 24.0%: −$2,545
• After-tax cash flow: $8,176/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 · 13 photos

Good 75/100 Cosmetic rehab

This manufactured home is in good condition with recent updates, but some exterior and interior maintenance is needed to maximize its value.

Value-add opportunities

• Both Paint exterior siding — Enhances curb appeal and value
• Both Replace awnings — Improves functionality and aesthetics
• Both Replace flooring — Modernizes the home and improves comfort
• Both Update kitchen appliances — Modernizes the kitchen and improves functionality
• Both Update bathrooms — Modernizes the bathrooms and improves functionality

Renovation cost estimate screening

Value-add ROI direction

• Both Paint exterior siding — Enhances curb appeal and value ↑
• Both Replace awnings — Improves functionality and aesthetics ↑
• Both Replace flooring — Modernizes the home and improves comfort ↑
• Both Update kitchen appliances — Modernizes the kitchen and improves functionality ↑
• Both Update bathrooms — Modernizes the bathrooms and improves functionality ↑

ⓘ 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: Apache Junction Unified District (4443)
• NCES district ID: 0400790
• Math proficiency: 15% ▼ -17.00%
• Reading proficiency: 20% ▼ -13.00%
• Median HH income: $44,930
• Composite: 15.34/100
• National rank: #9325
• State rank: #195 of 249 in AZ

Livability — Apache Junction

• Score: 66/100
• State rank: #70
• US rank: #11242

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Pinal County · 399,947 people
• City population: 56,611
• Metro: Phoenix-Mesa-Chandler, AZ
• Population (ZIP): 25,420
• Household income: $71,585
• Rent vs Own: 20.1% rent · 79.9% own
• Severe rent burden: 305.0

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: Predominantly White (74%)
• Race & ethnicity: White 74% Hispanic / Latino 19% Two or more races 12% Black 2% Asian 1%
• Hispanic origin (detail): Mexican 17%
• Common ancestry: Slovak 5% Portuguese 3% Lithuanian 3%
• Foreign-born: 8% · Canada
• Languages at home: 87% English-only · Spanish 11%

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: ▼ -138.19%
• Current HPI: 274.3808
• Rent YoY: ▲ 1.57%
• 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

-21.5% since first listed

3 events — show timeline

• 2026-05-21 Price Changed $47,000 ARMLS
• 2026-04-24 Price Changed $52,000 ARMLS
• 2026-03-27 Listed $59,900 ARMLS