1776 S Palo Verde Ave Unit M213 · Tucson, AZ 85713

$59,000

1 bd · 1.0 ba · 700 sqft · Condo · 133 Days on market

Built 1962 $84/sqft · 13% below area Est $67k · 13% under $300/mo HOA · 32% of rent

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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 +16.7/30.0
• ARV discount +13.2/15.0
• 1% rule +10.0/10.0
• DSCR +5.2/10.0
• Livability +3.7/5.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Schools +1.6/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This charming upstairs 1‑bedroom, 1‑bath co‑op unit in Central Tucson features dual‑pane windows, co‑op-approved engineered wood flooring, a newer shower and vanity, and all appliances included. The enclosed patio has been incorporated into the bedroom, providing more space than the standard layout. The monthly co‑op fee covers property taxes, water, sewer, trash, roof, pest control, exterior maintenance, and more. Located just a few blocks from Reid Park—with its golf course, walking path, dog park, recreation center, and tennis courts—the home also offers convenient access to shopping, restaurants, bus lines, Downtown Tucson, and the University of Arizona. Cash only; no rentals allowed.

Key facts

• Newer shower
• Dual pane windows
• Enclosed patio

Tags

• DUAL PANE WINDOWS
• ENGINEERED WOOD FLOORING
• NEWER SHOWER
• ENCLOSED PATIO

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $59k.

Deal economics

• At list price, monthly cash flow is $36 ($436/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($942 rent vs $59k).
• Recommended offer: $52k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.0% vs local median 3.7% in Tucson — 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 74/100 on livability (#17 in AZ, #4,502 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: health & safety C-, schools D+, crime F.
• Tucson Unified District (4403) (urban): math 14% / reading 23% proficiency, ranked #190 of 249 in AZ (top 76%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: Rents flat; 264 active listings in the ZIP; 30 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 53% of comp listings sitting > 30 days — soft ceiling on asking rent; 5,268 units permitted in Pima County in 2024 (996 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $408 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Pima County population projected at +8% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 133 days — a 12% lower offer ($52k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 33y 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 $8k; list at $59k implies a 638% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 32% of rent.
• Climate carrying-cost: extreme-heat days projected 6→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $51,920 (12.0% below list)

Questions for the listing agent

1. It's been on market 133 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1962 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. 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?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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?
9. 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.
10. 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.
11. 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: 1.60% ✓
• Cap rate: 7.03%
• Cash-on-cash: 2.64%
• DSCR: 1.12
• GRM: 5.2

CMA / ARV

• ARV (median comp): $67,489
• List price: $59,000
• Delta: -12.58%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 0.21% rent growth · sell at horizon

5-year hold

• IRR: -17.2%
• Equity multiple: 0.42×
• Total profit: $-9,621
• Equity at exit: $8,797

10-year hold

• IRR: -22.0%
• Equity multiple: 0.12×
• Total profit: $-14,574
• Equity at exit: $5,101

Cash invested: $16,520 (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 85713

• Home prices YoY: -24.5%
• Rents YoY: 0.2%
• Active inventory: 264
• Price-to-rent: 5.2×

Monthly cashflow live

• Estimated rent: $942 high
• Mortgage (P&I): −$309
• Tax est. 1.5%: −$74 /mo · $885/yr
• Insurance: −$25
• HOA: −$300
• Vacancy / Maint / Mgmt: −$198
• Net cashflow: $36

Break-even live

Break-even rent $896

Max offer price $59,000

Occupancy floor 91%

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: $14,750
• Closing costs: $1,770
• Reserves months: —
• Total cash needed: —

Rent comps 30 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3051 E Proctor Vis Tucson, AZ	1.0	1.0	600	$950	$1.58	44d	1	0.84mi
3049 E Proctor Vis Unit ProctorVista3051 Tucson, AZ	1.0	1.0	600	$800	$1.33	44d	1	0.84mi
3049 E Proctor Vis Tucson, AZ	1.0	1.0	600	$950	$1.58	44d	1	0.84mi
3043 E Proctor Vis Tucson, AZ	1.0	1.0	600	$750	$1.25	17d	1	0.84mi
4170 E 32nd St Tucson, AZ	2.0	1.0	725	$1,095	$1.51	15d	1	0.89mi
4170 E 32nd St Tucson, AZ	2.0	1.0	725	$1,095	$1.51	17d	1	0.89mi
4250 E 29th St Tucson, AZ	1.0	1.0	418	$874	$2.09	44d	1	1.00mi
4255 E 29th St Tucson, AZ	2.0	1.0	585	$849	$1.45	3d	7	1.01mi
2511 E Cameron Vis Tucson, AZ	2.0	1.0	685	$1,199	$1.75	44d	1	1.05mi
1524 S Columbus Blvd Tucson, AZ	1.0	1.0	689	$825	$1.20	3d	1	1.07mi
2921 E 17th St Tucson, AZ	1.0	1.0	625	$1,075	$1.72	44d	1	1.13mi
2921 E 17th St Tucson, AZ	1.0	1.0	625	$975	$1.56	21d	1	1.13mi
2843 E 17th St Unit 13 Tucson, AZ	1.0	1.0	520	$900	$1.73	44d	1	1.13mi
2843 E 17th St Unit 13 Tucson, AZ	1.0	1.0	560	$900	$1.61	24d	1	1.13mi
2842 S Coconino Vis Unit 2844 Tucson, AZ	2.0	1.0	750	$800	$1.07	20d	1	1.17mi
2842 S Coconino Vis Tucson, AZ	2.0	1.0	750	$800	$1.07	17d	1	1.17mi
850 S Tucson Blvd Unit Tucson886 Tucson, AZ	1.0	1.0	525	$800	$1.52	44d	1	1.23mi
4440 E 29th St Unit I210 Tucson, AZ	2.0	1.0	646	$850	$1.32	44d	1	1.25mi
4440 E 29th St Unit E216 Tucson, AZ	1.0	1.0	488	$650	$1.33	24d	1	1.25mi
4440 E 29th St Unit C211 Tucson, AZ	2.0	1.0	646	$850	$1.32	16d	1	1.25mi
725 S Tucson Blvd Tucson, AZ	2.0	1.0	538	$1,232	$2.29	44d	1	1.29mi
660 S Tucson Blvd Unit 103 Tucson, AZ	1.0	1.0	600	$850	$1.42	24d	1	1.35mi
660 S Tucson Blvd Unit 114 Tucson, AZ	1.0	1.0	600	$725	$1.21	44d	1	1.35mi
460 S Bryant Ave Tucson, AZ	1.0	1.0	600	$743	$1.24	3d	1	1.35mi
4150 E Brown Way Tucson, AZ	—	1.0	400	$750	$1.88	44d	1	1.36mi
4148 E Brown Way Tucson, AZ	—	1.0	400	$750	$1.88	44d	1	1.36mi
4431 E 22nd St Tucson, AZ	1.0–2.0	1.0	770	$901	$1.17	44d	2	1.37mi
4162 E Brown Way Tucson, AZ	1.0	1.0	600	$900	$1.50	44d	1	1.38mi
2012 E 36th St Unit 2014 Tucson, AZ	2.0	1.0	700	$925	$1.32	44d	1	1.40mi
4171 E Brown Way Tucson, AZ	1.0	1.0	583	$850	$1.46	24d	1	1.41mi

HOA detail condo

• Monthly dues: $300 · $3,600/yr
• Likely covers: watersewertrashexterior maint.
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 31 events

1. 2026-06-18
   days on market $59,000 Active 133 DOM
2. 2026-06-17
   days on market $59,000 Active 132 DOM
3. 2026-06-16
   days on market $59,000 Active 131 DOM
4. 2026-06-15
   days on market $59,000 Active 130 DOM
5. 2026-06-13
   days on market $59,000 Active 128 DOM
6. 2026-06-10
   days on market $59,000 Active 125 DOM
7. 2026-06-09
   days on market $59,000 Active 124 DOM
8. 2026-06-08
   days on market $59,000 Active 123 DOM
9. 2026-06-07
   days on market $59,000 Active 122 DOM
10. 2026-06-05
    days on market $59,000 Active 119 DOM
11. 2026-06-03
    days on market $59,000 Active 118 DOM
12. 2026-06-02
    days on market $59,000 Active 117 DOM
13. 2026-06-01
    days on market $59,000 Active 116 DOM
14. 2026-05-31
    days on market $59,000 Active 115 DOM
15. 2026-02-25
    status Active 709-char remark

    Show marketing remark (709 chars)

    This charming upstairs 1‑bedroom, 1‑bath co‑op unit in Central Tucson features dual‑pane windows, co‑op-approved engineered wood flooring, a newer shower and vanity, and all appliances included. The enclosed patio has been incorporated into the bedroom, providing more space than the standard layout. The monthly co‑op fee covers property taxes, water, sewer, trash, roof, pest control, exterior maintenance, and more. Located just a few blocks from Reid Park—with its golf course, walking path, dog park, recreation center, and tennis courts—the home also offers convenient access to shopping, restaurants, bus lines, Downtown Tucson, and the University of Arizona. Cash only; no rentals allowed.

16. 2026-02-19
    historical Active Contingent 709-char remark

    Show marketing remark (709 chars)

    This charming upstairs 1‑bedroom, 1‑bath co‑op unit in Central Tucson features dual‑pane windows, co‑op-approved engineered wood flooring, a newer shower and vanity, and all appliances included. The enclosed patio has been incorporated into the bedroom, providing more space than the standard layout. The monthly co‑op fee covers property taxes, water, sewer, trash, roof, pest control, exterior maintenance, and more. Located just a few blocks from Reid Park—with its golf course, walking path, dog park, recreation center, and tennis courts—the home also offers convenient access to shopping, restaurants, bus lines, Downtown Tucson, and the University of Arizona. Cash only; no rentals allowed.

17. 2026-02-05
    listed $59,000 Active 709-char remark

    Show marketing remark (709 chars)

    This charming upstairs 1‑bedroom, 1‑bath co‑op unit in Central Tucson features dual‑pane windows, co‑op-approved engineered wood flooring, a newer shower and vanity, and all appliances included. The enclosed patio has been incorporated into the bedroom, providing more space than the standard layout. The monthly co‑op fee covers property taxes, water, sewer, trash, roof, pest control, exterior maintenance, and more. Located just a few blocks from Reid Park—with its golf course, walking path, dog park, recreation center, and tennis courts—the home also offers convenient access to shopping, restaurants, bus lines, Downtown Tucson, and the University of Arizona. Cash only; no rentals allowed.

18. 2017-04-02
    historical
19. 2017-03-27
    status Active
20. 2017-02-24
    status Pending
21. 2017-01-24
    listed $20,000 Active
22. 2017-01-01
    historical
23. 2016-11-17
    status Active
24. 2016-10-20
    historical Active Contingent
25. 2016-08-04
    listed $20,000 Active
26. 2004-05-05
    historical
27. 2003-11-10
    listed $17,000
28. 1995-04-04
    soldstatus $8,000
29. 1995-01-06
    listed $11,400
30. 1993-10-15
    soldstatus $8,500
31. 1993-09-07
    listed $9,500

ⓘ 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 2/10 Low
• 🌡 Heat 8/10 Severe 6 d/yr ≥105°F today · 15 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: $11,302
• − Mortgage interest: −$3,305
• − Property taxes: −$885
• − Insurance: −$295
• − Repairs & maintenance: −$904
• − Management: −$904
• − HOA: −$3,600
• − Depreciation: −$1,716
• Taxable loss: −$307
• Est. tax savings @ 24.0%: +$74
• After-tax cash flow: $510/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: Tucson Unified District (4403)
• NCES district ID: 0408800
• Math proficiency: 14% ▼ -17.00%
• Reading proficiency: 23% ▼ -11.00%
• Median HH income: $40,962
• Composite: 15.78/100
• National rank: #9270
• State rank: #190 of 249 in AZ

Livability — Tucson

• Score: 74/100
• State rank: #17
• US rank: #4502

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Tucson, AZ
• County: Pima County · 1,012,107 people
• City population: 839,336
• Metro: Tucson, AZ
• Population (ZIP): 46,439
• Household income: $53,152
• Rent vs Own: 37.2% rent · 62.8% own
• Severe rent burden: 1517.0

Population outlook (Pima County) Hauer SSP2

• Today (2025): 1,066,056 people
• By 2030: 1,086,684 · +1.9%
• By 2040: 1,117,160 · +4.8%
• By 2050: 1,149,778 · +7.9%
• By 2075: 1,271,480 · +19.3%
• By 2100: 1,321,160 · +23.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Hispanic (70%)
• Race & ethnicity: Hispanic / Latino 70% Two or more races 30% White 21% Native American 5% Black 3% Asian 1%
• Hispanic origin (detail): Mexican 67%
• Common ancestry: Italian 1% Lithuanian 1% Portuguese 1%
• Foreign-born: 19% · Canada, China
• Languages at home: 49% English-only · Spanish 49%

Political lean MEDSL · Pima

• 2024 margin: D (+15.2) · D 57.0% · R 41.8% · Other 1.2%
• 2008→2024 swing: +9.1pp toward D · 2008: 6.1pp · 2024: 15.2pp
• All cycles: 2024: D+15.2 2020: D+18.7 2016: D+13.5 2012: D+5.8 2008: D+6.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -107.07%
• Current HPI: 329.8338
• Rent YoY: ▲ 0.21%
• Metro: Tucson, 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

+521.1% since first listed

17 events — show timeline

• 2026-02-25 Relisted — MLSSAZ
• 2026-02-19 Contingent — MLSSAZ
• 2026-02-05 Listed $59,000 MLSSAZ
• 2017-04-02 Listing Removed — MLSSAZ
• 2017-03-27 Relisted — MLSSAZ
• 2017-02-24 Pending — MLSSAZ
• 2017-01-24 Listed $20,000 MLSSAZ
• 2017-01-01 Listing Removed — MLSSAZ
• 2016-11-17 Relisted — MLSSAZ
• 2016-10-20 Contingent — MLSSAZ
• 2016-08-04 Listed $20,000 MLSSAZ
• 2004-05-05 Listing Removed — MLSSAZ
• 2003-11-10 Listed $17,000 MLSSAZ
• 1995-04-04 Sold (MLS) $8,000 MLSSAZ
• 1995-01-06 Listed $11,400 MLSSAZ
• 1993-10-15 Sold (MLS) $8,500 MLSSAZ
• 1993-09-07 Listed $9,500 MLSSAZ