1447 N 53rd Dr · Phoenix, AZ 85043

$150,000

2 bd · 2.0 ba · 930 sqft · Condo public records · 77 Days on market

Built 1983 $196/mo HOA · 14% of rent ↓ 50% since listing

---

Why this score? — see what drove the D 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 +15.4/30.0
• ARV discount +7.5/15.0
• 1% rule +4.7/10.0
• DSCR +4.7/10.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Rent growth +2.0/5.0
• Schools +1.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

GREAT DEAL! CLOSE TO POOL, MAILBOX, AND ENTRANCE! COMMUNITY IS CLOSE TO EVERYTHING! FREEWAYS, BUS STOPS, SHOPPING, RESTAURANTS, SPORTS VENUES, DOWNTOWN PHOENIX AND HISTORIC DOWNTOWN GLENDALE! THIS WON'T LAST LONG SO HURRY AND SHOW! DON'T LET YOUR BUYER MISS OUT! HOME IS SOLD AS-IS WHERE IS WITH NO WARRANTIES OR REPRESENTATIONS EXPRESSED OF IMPLIED WHATSOEVER. NO SPDS OR CLUE REPORT AVAILABLE. SUBMIT YOUR AS-IS OFFER TODAY!

Key facts

• Near schools
• Near shopping
• Easy freeway access

Tags

• QUIET NEIGHBORHOOD
• NEAR SCHOOLS
• NEAR PARKS
• NEAR SHOPPING
• EASY FREEWAY ACCESS

Property features AI

Finance

• HOA & community: Monthly association fee of $196 covers grounds maintenance

Exterior

• Parking: Assigned parking
• Utilities: City water; Public sewer
• Home design: Townhouse; Attached property; Fee simple ownership
• Construction: Stucco and painted wood frame construction; Built-up roof; Foam roof
• Exterior features: Block fencing; Dirt backyard; Gravel/stone at front of lot; Community pool

Interior

• Bedrooms: 2 possible bedrooms
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Central air; Electric heating
• Interior features: Washer/dryer hook-ups only
• Laundry & utility: Washer/dryer hook-ups only

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $150k.

Deal economics

• At list price, monthly cash flow is $59 ($705/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $145k (3.3% below list).
• Recommended offer: $141k (6.0% below list) — sets the bar for market timing.
• Cap rate 6.8% vs local median 3.3% in Phoenix — 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 75/100 on livability (#16 in AZ, #3,924 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, housing A+; Watch: health & safety C-, crime F.
• Phoenix Union High School District (4286) (urban): math 10% / reading 15% proficiency, ranked #224 of 249 in AZ (top 90%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Bret R. Tarver Leadership Academy (math 7% / reading 19%, grade F, #929 of 1,109 statewide, top 84%, 551 students, 72% FRL); Marc T. Atkinson Middle School & Gifted Academy (math 11% / reading 19%, grade F, #156 of 218 statewide, top 72%, 184 students, 76% FRL); Maryvale High School (math 8% / reading 14%, grade F, #292 of 381 statewide, top 77%, 2,795 students, 88% FRL).
• Market conditions: Rents soft (-1.8%/yr); 122 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals leasing fast (median 0d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 36,011 units permitted in Maricopa County in 2024 (12,801 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 $4k 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.

Negotiation context

• It's been on market 77 days — a 6% lower offer ($141k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 18y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $22k; list at $150k implies a 582% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

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

Recommended offer $141,000 (6.0% below list)

Questions for the listing agent

1. It's been on market 77 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. 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.
9. 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.
10. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.97% ✗
• Cap rate: 6.76%
• Cash-on-cash: 1.68%
• DSCR: 1.07
• GRM: 8.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -17.2%
• Equity multiple: 0.41×
• Total profit: $-24,763
• Equity at exit: $22,365

10-year hold

• IRR: -16.4%
• Equity multiple: 0.22×
• Total profit: $-32,962
• Equity at exit: $12,969

Cash invested: $42,000 (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 85043

• Home prices YoY: -28.6%
• Rents YoY: -1.8%
• Active inventory: 122
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $1,451 high
• Mortgage (P&I): −$787
• Tax from tax record: −$43 /mo · $510/yr
• Insurance: −$62
• HOA: −$196
• Vacancy / Maint / Mgmt: −$305
• Net cashflow: $59

Break-even live

Break-even rent $1,377

Max offer price $150,000

Occupancy floor 91%

Sensitivity live

Price	-10% $144	-5% $101	+0% $59	+5% $16	+10% $-26
Rent	-10% $-56	-5% $1	+0% $59	+5% $116	+10% $173
Rate	-1.0pp $134	-0.5pp $97	base $59	+0.5pp $20	+1.0pp $-20

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5305 W Lynwood St Phoenix, AZ	2.0	1.0	900	$1,100	$1.22	0d	1	0.02mi
1442 N 53rd Dr Phoenix, AZ	2.0	2.0	930	$1,399	$1.50	0d	1	0.05mi
5244 W Lynwood St Phoenix, AZ	3.0	1.0	972	$995	$1.02	0d	1	0.06mi
5229 W Willetta St Phoenix, AZ	3.0	1.5	1035	$1,250	$1.21	0d	1	0.08mi
5416 W Lynwood St Phoenix, AZ	3.0	1.0	972	$1,550	$1.59	0d	1	0.11mi
5414 W Lynwood St Phoenix, AZ	2.0	1.0	924	$1,295	$1.40	16d	1	0.12mi
5414 W Lynwood St Phoenix, AZ	2.0	1.0	924	$1,295	$1.40	14d	1	0.12mi
5535 W McDowell Rd Unit 1095 Phoenix, AZ	2.0	1.0	760	$1,140	$1.50	21d	1	0.18mi
5535 W McDowell Rd Unit 2084 Phoenix, AZ	1.0	1.0	625	$1,258	$2.01	0d	1	0.18mi
5535 W McDowell Rd Unit 2081 Phoenix, AZ	1.0	1.0	625	$1,217	$1.95	0d	1	0.18mi
5535 W McDowell Rd Unit 2090 Phoenix, AZ	2.0	1.0	760	$1,358	$1.79	0d	1	0.19mi
5535 W McDowell Rd Unit 2024 Phoenix, AZ	2.0	2.0	880	$1,488	$1.69	9d	1	0.20mi
5535 W McDowell Rd Unit 1101 Phoenix, AZ	2.0	1.0	760	$1,378	$1.81	0d	1	0.21mi
5535 W McDowell Rd Unit 1135 Phoenix, AZ	1.0	1.0	625	$1,237	$1.98	0d	1	0.22mi
5535 W McDowell Rd Apt 1117 Phoenix, AZ	2.0	1.0	760	$1,210	$1.59	22d	1	0.23mi
5535 W McDowell Rd Unit 2064 Phoenix, AZ	2.0	1.0	780	$1,388	$1.78	0d	1	0.24mi
5535 W McDowell Rd Apt 1150 Phoenix, AZ	2.0	1.0	780	$1,408	$1.81	0d	1	0.24mi
5535 W McDowell Rd Unit 1003 Phoenix, AZ	2.0	2.0	880	$1,508	$1.71	0d	1	0.26mi
5535 W McDowell Rd Unit 2023 Phoenix, AZ	2.0	2.0	880	$1,270	$1.44	23d	1	0.27mi
5535 W McDowell Rd Unit 1039 Phoenix, AZ	2.0	1.0	780	$1,468	$1.88	0d	1	0.28mi
5535 W McDowell Rd Unit 1021 Phoenix, AZ	2.0	2.0	880	$1,508	$1.71	5d	1	0.28mi
5535 W McDowell Rd Apt 2050 Phoenix, AZ	2.0	1.0	780	$1,170	$1.50	22d	1	0.29mi
5407 W Holly St Phoenix, AZ	3.0	2.0	1053	$2,200	$2.09	0d	1	0.41mi
5821 W McDowell Rd Phoenix, AZ	1.0–3.0	1.0–2.0	998	$1,912	$1.92	0d	11	0.59mi
2534 N 51st Dr Phoenix, AZ	3.0	2.0	1116	$1,910	$1.71	0d	1	0.82mi
5775 W Roosevelt St Phoenix, AZ	2.0	1.0–2.0	560	$1,680	$3.00	0d	20	0.82mi
2540 N 51st Ave Phoenix, AZ	3.0	1.0–2.0	637	$1,236	$1.94	0d	1	0.83mi
6161 W McDowell Rd Phoenix, AZ	2.0	2.0	952	$1,867	$1.96	25d	1	0.92mi
6161 W McDowell Rd Phoenix, AZ	1.0–3.0	1.0–2.0	987	$1,481	$1.50	0d	39	0.92mi
4620 W McDowell Rd Unit 1L Phoenix, AZ	1.0	1.0	630	$1,140	$1.81	0d	1	0.97mi
4620 W McDowell Rd Unit 2-1 Phoenix, AZ	2.0	1.0	731	$1,224	$1.67	0d	1	0.97mi
4620 W McDowell Rd Unit 2-2 Phoenix, AZ	2.0	2.0	761	$1,275	$1.68	0d	1	0.97mi
5305 W Thomas Rd Phoenix, AZ	1.0	1.0	728	$895	$1.23	0d	1	1.05mi
2827 N 51st Ave Phoenix, AZ	2.0	1.0–2.0	684	$1,340	$1.96	0d	12	1.07mi
6231 W McDowell Rd Phoenix, AZ	1.0–2.0	1.0–2.0	752	$1,513	$2.01	0d	48	1.10mi
4903 W Thomas Rd Phoenix, AZ	2.0	1.0	521	$1,505	$2.89	0d	28	1.22mi
5704 W Thomas Rd Phoenix, AZ	2.0	1.0	750	$1,075	$1.43	21d	1	1.25mi
5704 W Thomas Rd Phoenix, AZ	1.0	1.0	600	$890	$1.48	20d	1	1.25mi
5704 W Thomas Rd Phoenix, AZ	1.0–2.0	1.0	675	$1,059	$1.57	0d	6	1.25mi
6405 W McDowell Rd Phoenix, AZ	1.0–2.0	1.0–2.0	592	$1,205	$2.04	0d	34	1.29mi

HOA detail condo

• Monthly dues: $196 · $2,352/yr
• Likely covers: pool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 26 events

1. 2026-06-08
   statusdays on market $150,000 Pending 77 DOM
2. 2026-06-04
   days on market $150,000 Active 106 DOM
3. 2026-06-03
   days on market $150,000 Active 105 DOM
4. 2026-06-02
   days on market $150,000 Active 104 DOM
5. 2026-06-01
   days on market $150,000 Active 103 DOM
6. 2026-05-31
   days on market $150,000 Active 102 DOM
7. 2026-05-06
   status Active
8. 2026-04-02
   status Pending
9. 2026-01-14
   listed $150,000 Active
10. 2010-04-09
    soldstatus $22,000 Closed 426-char remark

    Show marketing remark (426 chars)

    GREAT DEAL! CLOSE TO POOL, MAILBOX, AND ENTRANCE! COMMUNITY IS CLOSE TO EVERYTHING! FREEWAYS, BUS STOPS, SHOPPING, RESTAURANTS, SPORTS VENUES, DOWNTOWN PHOENIX AND HISTORIC DOWNTOWN GLENDALE! THIS WON'T LAST LONG SO HURRY AND SHOW! DON'T LET YOUR BUYER MISS OUT! HOME IS SOLD AS-IS WHERE IS WITH NO WARRANTIES OR REPRESENTATIONS EXPRESSED OF IMPLIED WHATSOEVER. NO SPDS OR CLUE REPORT AVAILABLE. SUBMIT YOUR AS-IS OFFER TODAY!

11. 2010-03-19
    status Pending 426-char remark

    Show marketing remark (426 chars)

    GREAT DEAL! CLOSE TO POOL, MAILBOX, AND ENTRANCE! COMMUNITY IS CLOSE TO EVERYTHING! FREEWAYS, BUS STOPS, SHOPPING, RESTAURANTS, SPORTS VENUES, DOWNTOWN PHOENIX AND HISTORIC DOWNTOWN GLENDALE! THIS WON'T LAST LONG SO HURRY AND SHOW! DON'T LET YOUR BUYER MISS OUT! HOME IS SOLD AS-IS WHERE IS WITH NO WARRANTIES OR REPRESENTATIONS EXPRESSED OF IMPLIED WHATSOEVER. NO SPDS OR CLUE REPORT AVAILABLE. SUBMIT YOUR AS-IS OFFER TODAY!

12. 2010-03-02
    historical
13. 2010-03-01
    listed $20,000 Active 426-char remark

    Show marketing remark (426 chars)

    GREAT DEAL! CLOSE TO POOL, MAILBOX, AND ENTRANCE! COMMUNITY IS CLOSE TO EVERYTHING! FREEWAYS, BUS STOPS, SHOPPING, RESTAURANTS, SPORTS VENUES, DOWNTOWN PHOENIX AND HISTORIC DOWNTOWN GLENDALE! THIS WON'T LAST LONG SO HURRY AND SHOW! DON'T LET YOUR BUYER MISS OUT! HOME IS SOLD AS-IS WHERE IS WITH NO WARRANTIES OR REPRESENTATIONS EXPRESSED OF IMPLIED WHATSOEVER. NO SPDS OR CLUE REPORT AVAILABLE. SUBMIT YOUR AS-IS OFFER TODAY!

14. 2010-03-01
    listed $20,000

    Show marketing remark (426 chars)

    GREAT DEAL! CLOSE TO POOL, MAILBOX, AND ENTRANCE! COMMUNITY IS CLOSE TO EVERYTHING! FREEWAYS, BUS STOPS, SHOPPING, RESTAURANTS, SPORTS VENUES, DOWNTOWN PHOENIX AND HISTORIC DOWNTOWN GLENDALE! THIS WON'T LAST LONG SO HURRY AND SHOW! DON'T LET YOUR BUYER MISS OUT! HOME IS SOLD AS-IS WHERE IS WITH NO WARRANTIES OR REPRESENTATIONS EXPRESSED OF IMPLIED WHATSOEVER. NO SPDS OR CLUE REPORT AVAILABLE. SUBMIT YOUR AS-IS OFFER TODAY!

15. 2009-11-02
    historical
16. 2009-10-10
    listed $21,900
17. 2009-08-03
    historical
18. 2009-06-20
    listed $25,000
19. 2009-04-30
    historical
20. 2008-10-30
    listed $28,000
21. 2003-07-24
    soldstatus $1,961,000
22. 1997-03-24
    soldstatus $1,570,000
23. 1997-03-24
    soldstatus $2,800,000
24. 1996-09-27
    soldstatus $1,101,817
25. 1995-01-30
    soldstatus $888,000
26. 1991-11-18
    soldstatus $303,000

ⓘ 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: $510 · $43/mo
• Projected year-2 tax: $990 · $82/mo
• Expected delta: +$480/yr (+$40/mo · 94.0%)

ⓘ 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 (shaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥112°F today · 19 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,414
• − Mortgage interest: −$8,402
• − Property taxes: −$510
• − Insurance: −$750
• − Repairs & maintenance: −$1,393
• − Management: −$1,393
• − HOA: −$2,352
• − Depreciation: −$4,364
• Taxable loss: −$1,751
• Est. tax savings @ 24.0%: +$420
• After-tax cash flow: $1,125/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: Phoenix Union High School District (4286)
• NCES district ID: 0406330
• Math proficiency: 10% ▼ -27.00%
• Reading proficiency: 15% ▼ -18.00%
• Median HH income: $39,055
• Composite: 10.63/100
• National rank: #9773
• State rank: #224 of 249 in AZ

Livability — Phoenix

• Score: 75/100
• State rank: #16
• US rank: #3924

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Phoenix, AZ
• County: Maricopa County · 4,537,380 people
• City population: 1,500,198
• Metro: Phoenix-Mesa-Chandler, AZ
• Population (ZIP): 41,331
• Household income: $78,257
• Rent vs Own: 34.4% rent · 65.6% own
• Severe rent burden: 1019.0

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: Predominantly Hispanic (75%)
• Race & ethnicity: Hispanic / Latino 75% Two or more races 33% White 11% Black 11% Native American 3%
• Hispanic origin (detail): Mexican 72%
• Common ancestry: Lithuanian 1% Iranian 1%
• Foreign-born: 27% · Canada
• Languages at home: 41% English-only · Spanish 57%

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: ▼ -124.22%
• Current HPI: 309.495
• Rent YoY: ▼ -1.83%
• 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

-50.5% since first listed

20 events — show timeline

• 2026-05-06 Relisted — ARMLS
• 2026-04-02 Pending — ARMLS
• 2026-01-14 Listed $150,000 ARMLS
• 2010-04-09 Sold (MLS) $22,000 ARMLS
• 2010-03-19 Pending — ARMLS
• 2010-03-02 Listing Removed — ARMLS
• 2010-03-01 Listed $20,000 ARMLS
• 2010-03-01 Listed $20,000 ARMLS
• 2009-11-02 Listing Removed — ARMLS
• 2009-10-10 Listed $21,900 ARMLS
• 2009-08-03 Listing Removed — ARMLS
• 2009-06-20 Listed $25,000 ARMLS
• 2009-04-30 Listing Removed — ARMLS
• 2008-10-30 Listed $28,000 ARMLS
• 2003-07-24 Sold (Public Records) $1,961,000 Public Records
• 1997-03-24 Sold (Public Records) $2,800,000 Public Records
• 1997-03-24 Sold (Public Records) $1,570,000 Public Records
• 1996-09-27 Sold (Public Records) $1,101,817 Public Records
• 1995-01-30 Sold (Public Records) $888,000 Public Records
• 1991-11-18 Sold (Public Records) $303,000 Public Records

Property tax history

-1.9%/yr

Latest (2025): $510 · +2.8% YoY. Source: county tax records.