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1411 N Fourth St #9 🏷️ Likely Rental
F Composite 31.01
Why this score? — see what drove the F 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).

  • ARV discount +7.5/15.0
  • Cash flow +7.3/30.0
  • Condition / age +5.0/5.0
  • Livability +3.1/5.0
  • Rent growth +2.9/5.0
  • Appreciation +2.5/10.0
  • 1% rule +2.0/10.0
  • Schools +2.0/10.0
  • DSCR +1.4/10.0
  • Manufactured-home adj. -2.7

$224,921

1411 N Fourth St #9 · Flagstaff, AZ 86004
2 bd · 2.0 ba · 910 sqft · Manufactured · 214 Days on market
Manufactured home Built 2023 Excellent condition 2,400 sqft lot $247/sqft · 54% below area

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks

Welcome to Tiny House Village Flagstaff! Located in the center of Flagstaff is a first of its kind: residents can embrace the peace downsizing brings without sacrificing a sense of community. This new 2 bedroom 2 bathroom home has stainless appliances, upgraded cabinets & countertops, blinds, AIR CONDITIONING and fenced yard. Also includes upgraded insulation, 2x6 exterior walls, high efficiency dual pane windows and concrete driveway. Land lease includes water, sewer, trash, snow removal and clubhouse use @ 1,365.89/month. Homes are not for rent. Owner is a licensed Realtor in Arizona.

Key facts

  • Fenced yard
  • Stainless appliances
  • Upgraded insulation

Tags

STAINLESS APPLIANCESUPGRADED CABINETSFENCED YARDUPGRADED INSULATIONCONCRETE DRIVEWAY

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…
🏷️ Possibly a rental listed for sale. The $224,921 price doesn't fit this home's estimated sale value (~$485,000) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

  • This is a 2-bed/2.0-bath manufactured listed at $225k. Condition is rated excellent.

Deal economics

  • At list price, monthly cash flow is $-303 ($-4k/yr) — negative.
  • To cash-flow at today's rent, offer at most $181k (19.5% below list).
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $158k (29.6% below list).
  • Recommended offer: $158k (29.6% below list) — sets the bar for 1% rule.
  • Cap rate 4.7% vs local median 2.4% in Flagstaff — 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 61/100 on livability (#167 in AZ) — a middle-class / working-renter tenant base. Strengths: housing B; Watch: employment C-, crime D-, amenities F.
  • Flagstaff Unified District (4192) (urban): math 18% / reading 29% proficiency, ranked #158 of 249 in AZ (top 64%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
  • Zoned schools: Thomas M Knoles Elementary School (math 23% / reading 35%, grade F, #570 of 1,109 statewide, top 52%, 490 students, 37% FRL); Sinagua Middle School (math 12% / reading 22%, grade F, #147 of 218 statewide, top 69%, 1,016 students, 40% FRL); Coconino High School (math 12% / reading 17%, grade F, #267 of 381 statewide, top 72%, 1,528 students, 33% FRL) — zoned schools at 37% FRL track the district average.
  • Market conditions: Rents rising (+1.6%/yr); 514 active listings in the ZIP; 32 comparable units currently listed for rent nearby; rentals leasing fast (median 11d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 698 units permitted in Coconino County in 2024 (354 in 5+ unit buildings).

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.
  • Coconino County population projected at +20% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

  • It's been on market 214 days — a 12% lower offer ($198k) is reasonable based on typical stale-listing flexibility.
  • 2 sale attempts 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.

Risks & watch-outs

  • Climate carrying-cost: major wildfire risk — expect insurance premiums to compound above CPI over the hold.
Recommended offer $158,414 (29.6% below list)

Questions for the listing agent

  1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
  2. It's been on market 214 days. Have you received any prior offers? Is the seller open to a 30% concession, seller financing, or rate buy-down credit?
  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. 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. 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?
  7. 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.
  8. 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.
  9. 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
0.70% ✗
Cap rate
4.68%
Cash-on-cash
-5.77%
DSCR
0.74
GRM
11.8

CMA / ARV

ARV (median comp)
$485,000
List price
$224,921
Delta
-53.62%
Verdict
UNDERPRICED
Comps
1 within 2.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
4343 E Soliere Ave #1037 1.35mi 2/1.0 1,011 (+11%) 3mo $330,000 $326 40
2531 E Jeffrey Loop 0.89mi 2/2.0 1,106 (+22%) 1mo $425,000 $384 39
2920 N West St 1.35mi 3/1.0 (+1) 1,003 (+10%) 2mo $415,000 $414 37
1720 N Fairway Dr 1.05mi 2/2.0 1,057 (+16%) 4mo $567,500 $537 37
4343 E Soliere Ave #1011 1.40mi 2/2.0 1,094 (+20%) 4mo $380,000 $347 36
2645 E Jeffrey Loop 0.94mi 2/2.0 1,106 (+22%) 4mo $390,000 $353 36
1650 E Ponderosa Pkwy #110 1.16mi 2/2.0 1,134 (+25%) 5mo $425,000 $375 36
1055 N Manzanita Way 1.50mi 3/2.0 (+1) 1,106 (+22%) 1mo $417,500 $377 34
2029 N West St 0.94mi 3/2.0 (+1) 1,120 (+23%) 3mo $390,000 $348 32
1650 E Ponderosa Pkwy #107 1.16mi 1/1.0 (-1) 794 (-13%) 4mo $340,000 $428 31
2719 E Lockett Rd 1.20mi 3/1.0 (+1) 1,075 (+18%) 2mo $495,000 $460 30
4343 E Soliere Ave #1032 1.34mi 1/1.0 (-1) 758 (-17%) 5mo $310,000 $409 27

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 · 1.59% rent growth · sell at horizon

5-year hold
IRR
-27.8%
Equity multiple
0.08×
Total profit
$-57,932
Equity at exit
$33,536
10-year hold
IRR
-32.3%
Equity multiple
-0.33×
Total profit
$-84,031
Equity at exit
$19,447

Cash invested: $62,978 (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.

Active competition Active MLS

For sale now
2 active
Median asking
$157,450 ($214/sqft)
Median days on market
59 d
This list price
100% of active listings are priced below it
ARV vs active asking
+148.9% above current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 86004

Rents YoY
1.6%
Active inventory
514
Price-to-rent
11.8×

Monthly cashflow live

Estimated rent
$1,584 high interval (Pro) →
Mortgage (P&I)
−$1,180
Tax est. 1.5%
−$281 /mo · $3,374/yr
Insurance
−$94
HOA
−$0
Lot rent leased land?
−$0
Vacancy / Maint / Mgmt
−$333
Net cashflow
$-303

Break-even live

Break-even rent $1,968
Max offer price $181,090
Occupancy floor —

Sensitivity live

Price -10% $-147 -5% $-225 +0% $-303 +5% $-381 +10% $-458
Rent -10% $-428 -5% $-365 +0% $-303 +5% $-240 +10% $-178
Rate -1.0pp $-190 -0.5pp $-246 base $-303 +0.5pp $-361 +1.0pp $-420

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
$56,230
Closing costs
$6,748
Reserves months
—
Total cash needed
—

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
—
Monthly P&I
—
Monthly cashflow
—
DSCR
—
Eligible?
—

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
—
Monthly P&I
—
Monthly cashflow
—
DSCR
—
Eligible?
—

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
—
Monthly P&I
—
Monthly cashflow
—
DSCR
—
Eligible?
—

Short-term bridge; refi at stabilization.

Rent comps 32 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
1401 N Fourth St Unit 7-141 Flagstaff, AZ 2.0 2.0 1122 $2,000 $1.78 2d 1 0.10mi
1002 N 4th St Flagstaff, AZ 2.0 1.0–2.0 944 $2,875 $3.05 0d 32 0.42mi
1704 N Main St Unit Na Flagstaff, AZ 2.0 1.0 800 $1,750 $2.19 44d 1 0.59mi
1710 N Main St Unit Na Flagstaff, AZ 2.0 1.0 900 $1,750 $1.94 41d 1 0.60mi
3001 E Butler Ave #17 Flagstaff, AZ 3.0 1.5 1124 $3,000 $2.67 184d 1 0.65mi
3001 E Butler Ave #44 Flagstaff, AZ 2.0 2.0 1085 $2,600 $2.40 10d 1 0.65mi
1906 N Main St Flagstaff, AZ 2.0 1.5 862 $1,700 $1.97 44d 1 0.66mi
1906 N Main St Unit 132 Flagstaff, AZ 2.0 1.5 862 $1,700 $1.97 10d 1 0.66mi
1965 E Mountain View Ave Flagstaff, AZ 1.0–2.0 1.0–2.0 909 $2,300 $2.53 10d 2 0.67mi
1719 N East St Apt C Flagstaff, AZ 2.0 1.0 840 $1,700 $2.02 10d 1 0.69mi
1914 E Mountain View Ave Apt 401 Flagstaff, AZ 2.0 1.0 735 $1,895 $2.58 17d 1 0.72mi
1914 E Mountain View Ave Apt 401 Flagstaff, AZ 2.0 1.0 735 $1,895 $2.58 10d 1 0.72mi
2809 E Lewis Dr Flagstaff, AZ 3.0 1.5 1032 $2,600 $2.52 1d 1 0.80mi
2809 E Lewis Dr Flagstaff, AZ 3.0 1.5 1032 $2,600 $2.52 37d 1 0.80mi
2110 North East St Unit F Flagstaff, AZ 2.0 1.0 810 $1,450 $1.79 2d 1 0.83mi
2111 N Center St Flagstaff, AZ 1.0 1.0 800 $1,900 $2.38 10d 1 0.90mi
2115 N West St Apt B Flagstaff, AZ 3.0 2.5 1025 $2,200 $2.15 0d 1 0.97mi
2526 E Heidi Loop Flagstaff, AZ 2.0 2.0 996 $2,200 $2.21 2d 1 0.97mi
1721 N Fairway Dr Flagstaff, AZ 2.0 2.0 1057 $2,300 $2.18 51d 1 1.03mi
1650 E Ponderosa Pkwy Flagstaff, AZ 1.0 1.0 852 $1,650 $1.94 29d 1 1.04mi
2410 N West St Unit B Flagstaff, AZ 1.0 1.0 650 $1,600 $2.46 184d 1 1.06mi
2521 N Center St Unit 4 Flagstaff, AZ 2.0 1.0 800 $1,599 $2.00 10d 1 1.11mi
4015 E Soliere Ave Flagstaff, AZ 2.0 1.0–2.0 800 $2,010 $2.51 8d 1 1.14mi
2200 E Dortha Ave Unit J Flagstaff, AZ 2.0 1.5 952 $1,900 $2.00 10d 1 1.15mi
4255 E Soliere Ave Flagstaff, AZ 1.0–2.0 1.0–2.0 837 $2,346 $2.80 2d 11 1.22mi
3009 N Rose St Unit 09 Flagstaff, AZ 2.0 1.0 767 $1,695 $2.21 184d 1 1.25mi
3009 N Rose St Unit 15 Flagstaff, AZ 2.0 1.0 767 $1,695 $2.21 10d 1 1.25mi
3325 E Lockett Rd Unit 3325-1 Flagstaff, AZ 2.0 1.0 1100 $1,915 $1.74 31d 1 1.28mi
1201 E Ponderosa Pkwy Flagstaff, AZ 1.0–2.0 1.0–2.0 721 $2,065 $2.86 1d 17 1.34mi
3550 N Jamison Blvd Unit 2 Flagstaff, AZ 2.0 1.0 800 $1,600 $2.00 184d 1 1.36mi
3122 Monte Vista Dr Unit 294 Flagstaff, AZ 2.0 1.5 850 $1,500 $1.76 10d 1 1.39mi
1105 E Ponderosa Pkwy Flagstaff, AZ 1.0–2.0 1.0–2.0 738 $1,745 $2.36 2d 11 1.43mi

Property features AI

Finance

Other
Located in Tiny House Village FlagstaffLot approximately 0.06 acre (about 2,400 sq ft)Parcel number 107160169
HOA & community
Has associationCommunity clubhouse

Exterior

Security
Smoke detector(s)
Utilities
Electricity availableCable availablePhone availableLand lease
Home design
Single wide manufactured homeComplete spec homeBuilt by Champion/HopeEntry level information provided by owner
Construction
Pillar/post/pier foundation
Exterior features
Partial perimeter fencingLevel lotPaved road accessPrivate and public maintained road access

Interior

Kitchen
Electric range
Flooring
Vinyl flooring
Bathrooms
2 bathrooms
Heating & cooling
Electric forced air heatingCentral air conditioningRefrigeration cooling (HVAC SEER Rating)
Interior features
PantryBreakfast barSatellite dishSmoke detector(s)
Laundry & utility
Hall laundry

Listing history 50 events

  1. 2026-11-08
    days on market $224,921 Active 214 DOM
  2. 2026-11-07
    days on market $224,921 Active 213 DOM
  3. 2026-11-06
    days on market $224,921 Active 212 DOM
  4. 2026-11-05
    days on market $224,921 Active 211 DOM
  5. 2026-11-04
    days on market $224,921 Active 210 DOM
  6. 2026-11-02
    days on market $224,921 Active 208 DOM
  7. 2026-11-01
    days on market $224,921 Active 207 DOM
  8. 2026-10-31
    days on market $224,921 Active 206 DOM
  9. 2026-10-30
    days on market $224,921 Active 205 DOM
  10. 2026-10-29
    days on market $224,921 Active 204 DOM
  11. 2026-10-28
    days on market $224,921 Active 203 DOM
  12. 2026-10-27
    days on market $224,921 Active 202 DOM
  13. 2026-10-26
    days on market $224,921 Active 201 DOM
  14. 2026-10-25
    days on market $224,921 Active 200 DOM
  15. 2026-10-24
    days on market $224,921 Active 199 DOM
  16. 2026-10-23
    days on market $224,921 Active 198 DOM
  17. 2026-10-22
    days on market $224,921 Active 197 DOM
  18. 2026-10-21
    days on market $224,921 Active 196 DOM
  19. 2026-10-20
    days on market $224,921 Active 195 DOM
  20. 2026-10-19
    days on market $224,921 Active 194 DOM
  21. 2026-10-18
    days on market $224,921 Active 193 DOM
  22. 2026-10-17
    days on market $224,921 Active 192 DOM
  23. 2026-10-16
    days on market $224,921 Active 191 DOM
  24. 2026-10-15
    days on market $224,921 Active 190 DOM
  25. 2026-10-14
    days on market $224,921 Active 189 DOM
  26. 2026-10-13
    days on market $224,921 Active 188 DOM
  27. 2026-10-12
    days on market $224,921 Active 187 DOM
  28. 2026-10-11
    days on market $224,921 Active 186 DOM
  29. 2026-10-10
    days on market $224,921 Active 185 DOM
  30. 2026-10-09
    days on market $224,921 Active 184 DOM
  31. 2026-10-08
    days on market $224,921 Active 183 DOM
  32. 2026-10-07
    days on market $224,921 Active 182 DOM
  33. 2026-10-06
    days on market $224,921 Active 181 DOM
  34. 2026-10-05
    days on market $224,921 Active 180 DOM
  35. 2026-10-04
    days on market $224,921 Active 179 DOM
  36. 2026-10-04
    days on market $224,921 Active 178 DOM
  37. 2026-10-02
    days on market $224,921 Active 177 DOM
  38. 2026-10-01
    days on market $224,921 Active 176 DOM
  39. 2026-09-30
    days on market $224,921 Active 175 DOM
  40. 2026-09-29
    days on market $224,921 Active 174 DOM
  41. 2026-09-28
    days on market $224,921 Active 173 DOM
  42. 2026-09-27
    days on market $224,921 Active 172 DOM
  43. 2026-09-26
    days on market $224,921 Active 171 DOM
  44. 2026-09-25
    days on market $224,921 Active 170 DOM
  45. 2026-09-24
    days on market $224,921 Active 169 DOM
  46. 2026-09-24
    days on market $224,921 Active 168 DOM
  47. 2026-09-22
    days on market $224,921 Active 167 DOM
  48. 2026-09-21
    days on market $224,921 Active 166 DOM
  49. 2026-09-20
    days on market $224,921 Active 165 DOM
  50. 2026-09-19
    days on market $224,921 Active 164 DOM

ⓘ 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 7/10 Severe
  • 🌡 Heat 2/10 Low 7 d/yr ≥87°F today · 19 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

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$19,010
− Mortgage interest
−$12,599
− Property taxes
−$3,374
− Insurance
−$1,125
− Repairs & maintenance
−$1,521
− Management
−$1,521
− Depreciation
−$6,543
Taxable loss
−$7,673
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$1,841
After-tax cash flow
$-1,793/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 · 12 photos

Excellent 100/100 None rehab

This Tiny House Village Flagstaff unit is move-in ready with excellent condition and no visible repairs needed. It offers a great combination of modern amenities and community living.

Value-add opportunities

  • Both Landscaping and curb appeal improvements — Enhances both resale and rental value. ↑
  • Both Addition of smart home features — Improves convenience and appeal to potential buyers/renters. ↑
  • Both Upgrading to LED lighting — Saves on energy costs and enhances curb appeal. ↑
F Composite school gradezoned avg 20/100

Zoned Schools

Elementary Thomas M Knoles Elementary School F AZ #570/1,109 Nat'l #27,846/41,679 Middle Sinagua Middle School F AZ #147/218 Nat'l #12,279/14,009 High Coconino High School F AZ #267/381 Nat'l #15,534/17,239

Schools (NCES district)

District
Flagstaff Unified District (4192)
NCES district ID
0402860
Math proficiency
18% ▼ -16.00%
Reading proficiency
29% ▼ -10.00%
Median HH income
$53,510
Composite
21.11/100
National rank
#8437
State rank
#158 of 249 in AZ
C Composite livability gradescore 61/100

Livability — Flagstaff

Score
61/100
State rank
#167
US rank
#18308

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Flagstaff, AZ
County
Coconino County · 150,645 people
City population
91,667
Metro
Flagstaff, AZ
Population (ZIP)
36,394
Household income
$81,172
Rent vs Own
37.2% rent · 62.8% own
Severe rent burden
5% of renters

Population outlook (Coconino County) Hauer SSP2

Today (2025)
150,645 people
By 2030
156,857 · +4.1%
By 2040
168,714 · +12.0%
By 2050
181,082 · +20.2%
By 2075
218,399 · +45.0%
By 2100
238,853 · +58.6%

Race, ethnicity, and origin ACS 2023

Neighborhood character
Diverse neighborhood (Simpson 0.61)
Race & ethnicity
White 59% Hispanic / Latino 21% Two or more races 13% Native American 12% Asian 1% Black 1%
Hispanic origin (detail)
Mexican 15%
Languages at home
80% English-only · Spanish 12% German/W. Germanic 1% Other Asian/Pacific 1%

Political lean MEDSL · Coconino

2024 margin
D (+19.9) · D 59.2% · R 39.4% · Other 1.4%
2008→2024 swing
+2.9pp toward D · 2008: 17.0pp · 2024: 19.9pp
All cycles
2024: D+19.9 2020: D+24.1 2016: D+19.4 2012: D+14.9 2008: D+17.0

Not yet ingested

Civics
—

Price history

+0.0% since first listed
3 events — show timeline
  • 2026-04-08 Listed $224,921 NAZMLS
  • 2026-01-01 Listing Removed — NAZMLS
  • 2025-10-01 Listed $224,921 NAZMLS

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…