Palo Verde 56 Plan · Peoria, AZ 85345

$70,000

2 bd · 2.0 ba · 858 sqft · Manufactured · 35 Days on market

Fair condition

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +3.8/5.0
• Schools +3.5/10.0
• Rent growth +2.7/5.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks

55+ age qualified community. Tentatively available 6/1/2026. This home is currently occupied and cannot be shown. Enjoy life in a tranquil setting at Casa del Sol Resort West I, an exceptional place to live. Right now, we have a 2021 model year, 858.48 sq. ft. , 2 bed/2 bath home available for rent. Call us today to schedule a viewing and get a glimpse of what it's like to live exceptionally. Call today to come visit the community. 623-924-1308.

Key facts

• Listed 34 days

Property features AI

Finance

• Financial info: List price $70,000

Exterior

• Home design: New construction plan; Single-level (plan entry level not specified)
• Construction: Palo Verde 56 plan (new construction)
• Exterior features: Located at N 91st Ave in Peoria

Interior

• Bedrooms: 2 bedrooms
• Bathrooms: 2 full bathrooms
• Interior features: Plan home (Palo Verde 56); Living area approximately 858

🏗️ New construction. The $70,000 list price is a builder figure, so every metric below is computed on the value from comparable previous sales — $60,094.

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $70k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $827 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $70k).
• Recommended offer: $68k (3.0% below list) — sets the bar for market timing.
• Cap rate 22.8% vs local median 3.3% in Peoria — 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 76/100 on livability (#14 in AZ, #3,603 nationally) — a middle-class / working-renter tenant base. Strengths: housing A+, commute A, employment A; Watch: cost of living C-, amenities D, health & safety F.
• Peoria Unified School District (4237) (suburban): math 36% / reading 42% proficiency, ranked #64 of 249 in AZ (top 26%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents flat; 333 active listings in the ZIP; 21 comparable units currently listed for rent nearby; rentals leasing fast (median 6d on market — plan ~1-2 weeks tenant-placement turnaround); 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 $416 of loan paydown is wiped out by about $2k 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.
• At projected returns (-3.0% appreciation + 0.6% rent growth), your $17k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 35 days — a 3% lower offer ($68k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 6→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $67,900 (3.0% below list)

Questions for the listing agent

1. It's been on market 35 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
5. 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.
6. 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.
7. 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: 2.62% ✓
• Cap rate: 22.80%
• Cash-on-cash: 58.94%
• DSCR: 3.62
• GRM: 3.2

CMA / ARV

• ARV (median comp): $60,094
• List price: $70,000
• Delta: 16.48%
• Verdict: OVERPRICED
• Comps: 18 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
11411 N 91st Ave #28	0.16mi	2/1.0	812 (-5%)	4mo	$27,750	$34	77
10951 N 91st Ave #224	0.31mi	2/2.0	840 (-2%)	10mo	$40,000	$48	74
11411 N 91st Ave #48	0.00mi	2/2.0	980 (+14%)	8mo	$14,000	$14	70
11411 N 91st Ave #215	0.15mi	2/2.0	966 (+13%)	4mo	$12,000	$12	69
10810 N 91st Ave #45	0.40mi	3/2.0 (+1)	896 (+4%)	3mo	$80,000	$89	66
11411 N 91st Ave #131	0.16mi	2/2.0	980 (+14%)	4mo	$46,000	$47	66
10951 N 91st Ave #177	0.31mi	2/1.5	924 (+8%)	6mo	$37,500	$41	65
11411 N 91st Ave #229	0.05mi	3/2.0 (+1)	960 (+12%)	11mo	$43,000	$45	64
11411 N 91st Ave #9	0.16mi	2/1.8	980 (+14%)	12mo	$6,500	$7	58
10951 N 91st Ave #216	0.31mi	2/2.0	980 (+14%)	6mo	$82,000	$84	56
11000 N 91st Ave #84	0.25mi	3/1.0 (+1)	980 (+14%)	4mo	$60,000	$61	52
10951 N 91st Ave #206	0.35mi	2/2.0	980 (+14%)	11mo	$62,800	$64	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 · 0.62% rent growth · sell at horizon

5-year hold

• IRR: 54.9%
• Equity multiple: 3.33×
• Total profit: $39,249
• Equity at exit: $8,960

10-year hold

• IRR: 59.0%
• Equity multiple: 6.21×
• Total profit: $87,672
• Equity at exit: $5,196

Cash invested: $16,826 (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 85345

• Home prices YoY: -19.8%
• Rents YoY: 0.6%
• Active inventory: 333
• Price-to-rent: 3.7×

Monthly cashflow live

• Estimated rent: $1,572 high
• Mortgage (P&I): −$315
• Tax est. 1.5%: −$75 /mo · $901/yr
• Insurance: −$25
• HOA: −$0
• Vacancy / Maint / Mgmt: −$330
• Net cashflow: $827

Break-even live

Break-even rent $526

Max offer price $60,094

Occupancy floor 42%

Sensitivity live

Price	-10% $868	-5% $847	+0% $827	+5% $806	+10% $785
Rent	-10% $702	-5% $764	+0% $827	+5% $889	+10% $951
Rate	-1.0pp $857	-0.5pp $842	base $827	+0.5pp $811	+1.0pp $795

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: $15,024
• Closing costs: $1,803
• Reserves months: —
• Total cash needed: —

Rent comps 21 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
11411 N 91st Ave Unit 213 Peoria, AZ	2.0	2.0	858	$1,399	$1.63	25d	1	0.18mi
8821 W Sahuaro Dr Peoria, AZ	3.0	2.0	1074	$1,595	$1.49	25d	1	0.46mi
8821 W Sahuaro Dr Peoria, AZ	3.0	2.0	1074	$1,595	$1.49	3d	1	0.46mi
8757 W Peoria Ave Peoria, AZ	2.0	1.0	564	$1,539	$2.73	3d	14	0.64mi
8650 W Peoria Ave Peoria, AZ	1.0–2.0	1.0–2.0	836	$1,492	$1.78	3d	19	0.67mi
10860 N 85th Ave Peoria, AZ	2.0	1.0	780	$1,225	$1.57	44d	1	0.70mi
10860 N 85th Ave Peoria, AZ	1.0–2.0	1.0	630	$1,350	$2.14	4d	1	0.70mi
10860 N 85th Ave Unit 87 Peoria, AZ	2.0	1.0	780	$1,149	$1.47	5d	1	0.70mi
8560 W Peoria Ave Peoria, AZ	2.0	1.0	888	$1,450	$1.63	1d	8	0.73mi
10701 N 99th Ave Unit 230 Peoria, AZ	2.0	2.0	784	$1,099	$1.40	21d	1	0.91mi
12751 N Plaza Del Rio Blvd Peoria, AZ	1.0–2.0	1.0–2.0	1007	$1,890	$1.88	1d	10	0.95mi
11429 N 83rd Ave #2 Peoria, AZ	1.0	1.0	750	$1,100	$1.47	25d	1	0.96mi
10104 N 96th Dr Unit A Peoria, AZ	2.0	2.0	1072	$1,750	$1.63	25d	1	1.12mi
8280 W Madison St Peoria, AZ	2.0	2.0	800	$1,400	$1.75	44d	1	1.17mi
10110 N 97th Dr Unit A Peoria, AZ	2.0	1.5	1025	$1,500	$1.46	25d	1	1.20mi
10822 N Balboa Dr Sun City, AZ	2.0	1.0	942	$3,000	$3.18	25d	1	1.23mi
13310 N Plaza del Rio Blvd Peoria, AZ	1.0–3.0	1.0–2.0	981	$1,556	$1.59	2d	13	1.30mi
8885 W Thunderbird Rd Peoria, AZ	1.0–2.0	1.0–2.0	879	$1,725	$1.96	2d	26	1.39mi
8165 W Whitney Dr Peoria, AZ	1.0–2.0	1.0–2.0	911	$2,223	$2.44	1d	229	1.41mi
8940 W Olive Ave Peoria, AZ	2.0	2.0	897	$1,400	$1.56	17d	1	1.44mi
13720 N 88th Ave Peoria, AZ	3.0	1.0–2.0	768	$1,900	$2.47	2d	47	1.45mi

Listing history 13 events

1. 2026-06-18
   days on market $70,000 Active 35 DOM
2. 2026-06-17
   days on market $70,000 Active 34 DOM
3. 2026-06-16
   days on market $70,000 Active 33 DOM
4. 2026-06-15
   days on market $70,000 Active 32 DOM
5. 2026-06-13
   days on market $70,000 Active 30 DOM
6. 2026-06-13
   days on market $70,000 Active 29 DOM
7. 2026-06-09
   days on market $70,000 Active 26 DOM
8. 2026-06-08
   days on market $70,000 Active 25 DOM
9. 2026-06-07
   days on market $70,000 Active 24 DOM
10. 2026-06-04
    days on market $70,000 Active 21 DOM
11. 2026-06-03
    days on market $70,000 Active 20 DOM
12. 2026-05-31
    days on market $70,000 Active 19 DOM
13. 2026-05-12
    listed $70,000 Active 449-char remark

ⓘ 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 (shaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 Extreme 6 d/yr ≥113°F today · 16 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,863
• − Mortgage interest: −$3,366
• − Property taxes: −$901
• − Insurance: −$300
• − Repairs & maintenance: −$1,509
• − Management: −$1,509
• − Depreciation: −$1,748
• Taxable income: $9,528
• Est. tax owed @ 24.0%: −$2,287
• After-tax cash flow: $7,631/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 · 1 photo

Fair 45/100 Moderate rehab

This manufactured home in a 55+ community requires moderate repairs and maintenance to improve its curb appeal and value.

Repairs flagged

• Minor landscaping — Bushes need trimming
• Minor exterior siding — Light wear

Value-add opportunities

• Both paint exterior — Enhances curb appeal and resale value
• Both trim bushes — Improves curb appeal and rental value
• Both repair exterior siding — Improves curb appeal and resale value

Renovation cost estimate screening

Repair item	Severity	Est. cost
landscaping · Bushes need trimming	Minor	$500–3,000
exterior siding · Light wear	Minor	$500–3,000
Total estimated repair cost · 2 items		$1,000–6,000

Value-add ROI direction

• Both paint exterior — Enhances curb appeal and resale value ↑
• Both trim bushes — Improves curb appeal and rental value ↑
• Both repair exterior siding — Improves curb appeal and resale value ↑

ⓘ 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: Peoria Unified School District (4237)
• NCES district ID: 0406250
• Math proficiency: 36% ▼ -14.00%
• Reading proficiency: 42% ▼ -8.00%
• Median HH income: $60,171
• Composite: 34.62/100
• National rank: #5152
• State rank: #64 of 249 in AZ

Livability — Peoria

• Score: 76/100
• State rank: #14
• US rank: #3603

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Peoria, AZ
• County: Maricopa County · 4,537,380 people
• City population: 206,687
• Metro: Phoenix-Mesa-Chandler, AZ
• Population (ZIP): 60,918
• Household income: $67,380
• Rent vs Own: 33.5% rent · 66.5% own
• Severe rent burden: 1879.0

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: Diverse neighborhood (Simpson 0.62)
• Race & ethnicity: White 51% Hispanic / Latino 34% Two or more races 14% Black 5% Asian 4% Native American 2%
• Hispanic origin (detail): Mexican 29%
• Common ancestry: Romanian 2% Italian 2% Slovak 1%
• Foreign-born: 13% · Canada, Vietnam
• Languages at home: 76% English-only · Spanish 18% Other Indo-European 1% Vietnamese 1%

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: ▼ -80.77%
• Current HPI: 328.1069
• Rent YoY: ▲ 0.62%
• 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