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155 E Rodeo Rd #21
C- Composite 52.23
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 +16.6/30.0
  • ARV discount +15.0/15.0
  • DSCR +5.3/10.0
  • 1% rule +4.9/10.0
  • Condition / age +4.0/5.0
  • Rent growth +3.7/5.0
  • Livability +2.9/5.0
  • Appreciation +2.5/10.0
  • Schools +1.9/10.0
  • Manufactured-home adj. -4.5

$125,000

155 E Rodeo Rd #21 · Casa Grande, AZ 85122
2 bd · 2.0 ba · 1,092 sqft · Manufactured · 135 Days on market
Manufactured home 55+ age-restricted Built 2004 Good condition $114/sqft · 25% below area Est $166k · 25% under

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

Listing remarks

WELCOME HOME to this IMMACULATE retreat! Impeccably cared for 2 bed / 2 bath home, all appliances, including the washer and dryer, are included. Features NEW LVP flooring throughout fully fenced yard and only 1 adjacent neighbor. There is a full covered patio in the front and back. You can park 2 vehicles side-by-side in the covered parking with additional room for guest parking. New AC, new interior/exterior paint, new stove, Workshop/Shed for hobbies or storage. Come check out this amazing home in the Rodeo Estates 55+ Community, you won't regret it!!

Key facts

  • Workshop shed
  • New lvp flooring
  • Full covered patio

Tags

NEW LVP FLOORINGFULL COVERED PATIOWORKSHOP SHEDRODEO ESTATES COMMUNITY

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 2-bed/2.0-bath manufactured listed at $125k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $111 ($1k/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 $123k (1.3% below list).
  • Recommended offer: $110k (12.0% below list) — sets the bar for market timing.
  • Cap rate 7.4% vs local median 3.9% in Casa Grande — 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 58/100 on livability (#220 in AZ) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: crime D+, employment D+, amenities F.
  • Casa Grande Union High School District (4453) (suburban): math 14% / reading 21% proficiency, ranked #193 of 249 in AZ (top 78%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
  • Zoned schools: Cholla Elementary School (math 17% / reading 22%, grade F, #752 of 1,109 statewide, top 70%, 510 students, 73% FRL); Cactus Middle School (math 11% / reading 19%, grade F, #156 of 218 statewide, top 72%, 779 students, 63% FRL); Casa Grande Union High School (math 18% / reading 25%, grade F, #217 of 381 statewide, top 57%, 2,132 students, 52% FRL).
  • Market conditions: Rents rising fast (+4.6%/yr); 901 active listings in the ZIP; 24 comparable units currently listed for rent nearby; rentals lingering (median 54d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 67% of comp listings sitting > 30 days — soft ceiling on asking rent; 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 $864 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.

Negotiation context

  • It's been on market 135 days — a 12% lower offer ($110k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

  • Climate carrying-cost: major wildfire risk; extreme-heat days projected 6→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer $110,000 (12.0% below list)

Questions for the listing agent

  1. It's been on market 135 days. Have you received any prior offers? Is the seller open to a 12% 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
0.99%
Cap rate
7.36%
Cash-on-cash
3.80%
DSCR
1.17
GRM
8.4

CMA / ARV

ARV (median comp)
$165,900
List price
$125,000
Delta
-24.65%
Verdict
UNDERPRICED
Comps
5 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
2263 N Trekell Rd #184 0.76mi 2/2.0 1,056 (-3%) 2mo $135,000 $128 58
2140 N Cajeme Ave 0.97mi 2/2.0 1,105 (+1%) 7mo $53,900 $49 57
2100 N Trekell Rd #20 1.08mi 2/2.0 1,040 (-5%) 4mo $40,000 $38 54
2100 Trekell Rd #283 1.09mi 2/2.0 1,056 (-3%) 11mo $65,000 $62 50
2100 N Trekell Rd #204 1.08mi 2/2.0 1,152 (+6%) 7mo $39,500 $34 50
2100 N Trekell Rd #363 1.09mi 2/2.0 980 (-10%) 6mo $40,000 $41 42
2100 N Trekell Rd #330 1.09mi 2/2.0 980 (-10%) 10mo $16,500 $17 40
2263 N Trekell Rd #48 0.76mi 2/2.0 1,232 (+13%) 5mo $165,900 $135 39
2100 N Trekell Rd #50 1.09mi 2/2.0 980 (-10%) 11mo $35,500 $36 38
2100 N Trekell Rd #88 1.09mi 2/2.0 1,300 (+19%) 6mo $22,000 $17 35
18140 W Carol Ave 1.07mi 3/2.0 (+1) 1,248 (+14%) 4mo $100,000 $80 33
2100 N Trekell Rd #347 1.08mi 2/1.0 896 (-18%) 5mo $28,000 $31 32

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 · 4.6% rent growth · sell at horizon

5-year hold
IRR
-8.5%
Equity multiple
0.68×
Total profit
$-11,154
Equity at exit
$18,638
10-year hold
IRR
3.0%
Equity multiple
1.23×
Total profit
$8,016
Equity at exit
$10,808

Cash invested: $35,000 (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.
Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
9 active · 1 under contract
Months of supply
27.0 mo (4%/mo absorbed)
Median asking
$155,000 ($120/sqft)
Median days on market
111 d
This list price
22% of active listings are priced below it
ARV vs active asking
+26.2% above current asking $/sqft

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

ZIP-level market 85122

Home prices YoY
-22.4%
Rents YoY
4.6%
Active inventory
901
Price-to-rent
8.4×

Monthly cashflow live

Estimated rent
$1,234 high interval (Pro) →
Mortgage (P&I)
$656
Tax est. 1.5%
$156 /mo · $1,875/yr
Insurance
$52
HOA
$0
Lot rent leased land?
$0
Vacancy / Maint / Mgmt
$259
Net cashflow
$111

Break-even live

Break-even rent $1,093
Max offer price $125,000
Occupancy floor 86%

Sensitivity live

Price -10% $197 -5% $154 +0% $111 +5% $68 +10% $25
Rent -10% $13 -5% $62 +0% $111 +5% $160 +10% $208
Rate -1.0pp $174 -0.5pp $143 base $111 +0.5pp $79 +1.0pp $46

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
$31,250
Closing costs
$3,750
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 24 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
700 E Rodeo Rd Casa Grande, AZ 2.0 1.0–2.0 828 $1,464 $1.77 0d 31 0.56mi
2094 N Sweetwater Dr Casa Grande, AZ 3.0 2.0 1266 $1,700 $1.34 120d 1 0.78mi
2528 N Coolidge Ave Casa Grande, AZ 3.0 2.0 1351 $1,625 $1.20 10d 1 0.80mi
1114 E Bisnaga St Casa Grande, AZ 2.0 1.0 836 $1,000 $1.20 49d 1 0.83mi
1114 E Bisnaga St Casa Grande, AZ 2.0 1.0 836 $1,000 $1.20 60d 1 0.83mi
2542 N La Escondida Cir Casa Grande, AZ 2.0 2.0 952 $1,500 $1.58 46d 1 0.89mi
1139 E Yucca St Casa Grande, AZ 3.0 3.0 1300 $1,800 $1.38 120d 1 1.00mi
572 W Casa Mirage Dr Casa Grande, AZ 3.0 2.0 1410 $1,695 $1.20 10d 1 1.00mi
537 W Kingman Dr Casa Grande, AZ 3.0 2.0 1037 $1,650 $1.59 10d 1 1.08mi
2060 N Trekell Rd Casa Grande, AZ 2.0 1.0–2.0 683 $1,300 $1.90 6d 8 1.14mi
1292 E Rodeo Rd Casa Grande, AZ 3.0 2.0 1005 $1,375 $1.37 67d 1 1.19mi
645 W Jardin Dr Casa Grande, AZ 3.0 2.0 1309 $1,650 $1.26 120d 1 1.22mi
776 W Fairlane Ct Casa Grande, AZ 3.0 2.0 1489 $3,200 $2.15 120d 1 1.23mi
776 W Fairlane Ct Casa Grande, AZ 3.0 2.0 1488 $3,200 $2.15 42d 1 1.23mi
1926 N Avenida de Palmas Casa Grande, AZ 2.0 2.0 1106 $1,199 $1.08 60d 3 1.25mi
802 W Fairlane Ct Casa Grande, AZ 3.0 2.0 1210 $1,650 $1.36 10d 1 1.26mi
1858 N Center Ave Casa Grande, AZ 2.0 2.0 1146 $1,500 $1.31 120d 1 1.27mi
1936 N Trekell Rd Casa Grande, AZ 1.0–4.0 1.0–2.0 1033 $1,384 $1.34 0d 32 1.28mi
1830 N Center Ave Casa Grande, AZ 3.0 2.0 1125 $1,500 $1.33 54d 1 1.34mi
577 W Judi St Casa Grande, AZ 2.0 2.0 1343 $1,695 $1.26 40d 1 1.36mi
201 W Barrus Pl Casa Grande, AZ 3.0 2.0 1320 $1,500 $1.14 3d 1 1.38mi
803 W Jardin Dr Casa Grande, AZ 3.0 2.0 1491 $1,650 $1.11 76d 1 1.41mi
290 W Viola St Unit 4 Casa Grande, AZ 2.0 1.0 800 $1,225 $1.53 89d 1 1.42mi
2356 N Sand Hills Ct Casa Grande, AZ 3.0 2.0 1209 $1,995 $1.65 110d 1 1.50mi

Property features AI

Finance

Other
Lot size source: ownerBuilding area source: ownerDirections: From Pinal East on Rodeo Rd., South into park
HOA & community
Land lease of $590 monthlyAssociation fee includes street maintenanceCommunity poolGated communityHeated community spaCommunity media roomFitness center

Exterior

Parking
2 covered spaces2 open parking spaces2 carport spaces
Utilities
Private water companyPublic sewer (see remarks)
Home design
Manufactured/mobile housingLeasehold ownership
Construction
Wood siding and steel frame constructionPainted exteriorComposition roof
Exterior features
Private heated spaPrivate pickleball courtStorageShed(s)Block fencingDesert front and gravel/stone front and back

Interior

Kitchen
Built-in microwaveLaminate and other countersRefrigeratorDishwasherBuilt-in electric oven
Bedrooms
2 possible bedrooms
Flooring
Vinyl
Bathrooms
2 full bathrooms
Heating & cooling
Heat pumpElectric heatingCentral air conditioning
Interior features
Eat-in kitchen with breakfast barPantryNo interior steps3/4 bath in master bedroomDual-pane windows
Laundry & utility
Laundry inside

Listing history 50 events

  1. 2026-09-23
    days on market $125,000 Active 135 DOM
  2. 2026-09-22
    days on market $125,000 Active 134 DOM
  3. 2026-09-21
    days on market $125,000 Active 133 DOM
  4. 2026-09-20
    days on market $125,000 Active 132 DOM
  5. 2026-09-19
    days on market $125,000 Active 131 DOM
  6. 2026-09-18
    days on market $125,000 Active 130 DOM
  7. 2026-09-17
    days on market $125,000 Active 129 DOM
  8. 2026-09-16
    days on market $125,000 Active 128 DOM
  9. 2026-09-15
    days on market $125,000 Active 127 DOM
  10. 2026-09-14
    days on market $125,000 Active 126 DOM
  11. 2026-09-14
    days on market $125,000 Active 125 DOM
  12. 2026-09-12
    days on market $125,000 Active 124 DOM
  13. 2026-09-11
    days on market $125,000 Active 123 DOM
  14. 2026-09-05
    days on market $125,000 Active 117 DOM
  15. 2026-09-04
    days on market $125,000 Active 116 DOM
  16. 2026-09-03
    days on market $125,000 Active 115 DOM
  17. 2026-08-31
    days on market $125,000 Active 112 DOM
  18. 2026-08-30
    days on market $125,000 Active 111 DOM
  19. 2026-08-29
    days on market $125,000 Active 110 DOM
  20. 2026-08-28
    days on market $125,000 Active 109 DOM
  21. 2026-08-27
    days on market $125,000 Active 108 DOM
  22. 2026-08-26
    days on market $125,000 Active 107 DOM
  23. 2026-08-25
    days on market $125,000 Active 106 DOM
  24. 2026-08-24
    days on market $125,000 Active 105 DOM
  25. 2026-08-23
    days on market $125,000 Active 104 DOM
  26. 2026-08-22
    days on market $125,000 Active 103 DOM
  27. 2026-08-21
    days on market $125,000 Active 102 DOM
  28. 2026-08-20
    days on market $125,000 Active 101 DOM
  29. 2026-08-19
    days on market $125,000 Active 100 DOM
  30. 2026-08-18
    days on market $125,000 Active 99 DOM
  31. 2026-08-17
    days on market $125,000 Active 98 DOM
  32. 2026-08-16
    days on market $125,000 Active 97 DOM
  33. 2026-08-15
    days on market $125,000 Active 96 DOM
  34. 2026-08-14
    days on market $125,000 Active 95 DOM
  35. 2026-08-13
    days on market $125,000 Active 94 DOM
  36. 2026-08-12
    days on market $125,000 Active 93 DOM
  37. 2026-08-11
    days on market $125,000 Active 92 DOM
  38. 2026-08-10
    days on market $125,000 Active 91 DOM
  39. 2026-08-09
    days on market $125,000 Active 90 DOM
  40. 2026-08-08
    days on market $125,000 Active 89 DOM
  41. 2026-08-06
    days on market $125,000 Active 87 DOM
  42. 2026-08-05
    days on market $125,000 Active 86 DOM
  43. 2026-08-04
    days on market $125,000 Active 85 DOM
  44. 2026-08-03
    days on market $125,000 Active 84 DOM
  45. 2026-07-31
    days on market $125,000 Active 81 DOM
  46. 2026-07-30
    days on market $125,000 Active 80 DOM
  47. 2026-07-30
    days on market $125,000 Active 79 DOM
  48. 2026-07-28
    days on market $125,000 Active 78 DOM
  49. 2026-07-26
    days on market $125,000 Active 76 DOM
  50. 2026-07-24
    days on market $125,000 Active 74 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 6/10 Major
  • 🌡 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

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$14,807
− Mortgage interest
−$7,002
− Property taxes
−$1,875
− Insurance
−$625
− Repairs & maintenance
−$1,185
− Management
−$1,185
− Depreciation
−$3,636
Taxable loss
−$701
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$168
After-tax cash flow
$1,499/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 · 28 photos

Good 80/100 Cosmetic rehab Est. rehab $5,460–$16,380 screening

This immaculate 2-bedroom, 2-bathroom home in the Rodeo Estates 55+ Community is move-in ready with new appliances, flooring, and paint. It offers a fully fenced yard and a covered patio, making it an ideal investment.

Value-add opportunities

  • Resale Paint the exterior — Enhances curb appeal
  • Both Replace the patio furniture — Improves both resale and rental value

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 19/100

Zoned Schools

Elementary Cholla Elementary School F AZ #752/1,109 Nat'l #33,738/41,679 Middle Cactus Middle School F AZ #156/218 Nat'l #12,634/14,009 High Casa Grande Union High School F AZ #217/381 Nat'l #13,899/17,239

Schools (NCES district)

District
Casa Grande Union High School District (4453)
NCES district ID
0401740
Math proficiency
14% ▼ -15.00%
Reading proficiency
21% ▼ -10.00%
Median HH income
$45,373
Composite
15.38/100
National rank
#9319
State rank
#193 of 249 in AZ
D Composite livability gradescore 58/100

Livability — Casa Grande

Score
58/100
State rank
#220
US rank
#21534

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Casa Grande, AZ
County
Pinal County · 437,574 people
City population
69,701
Metro
Phoenix-Mesa-Chandler, AZ
Population (ZIP)
61,624
Household income
$68,443
Rent vs Own
28.6% rent · 71.4% own
Severe rent burden
15% of renters

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
Diverse neighborhood (Simpson 0.63)
Race & ethnicity
Hispanic / Latino 44% White 42% Two or more races 21% Black 4% Native American 4% Asian 1%
Hispanic origin (detail)
Mexican 40%
Common ancestry
Lithuanian 1% Slovak 1% Portuguese 1%
Foreign-born
12% · Canada
Languages at home
75% English-only · Spanish 23% Tagalog/Filipino 1% Other Indo-European 1%

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

Price history

1 event — show timeline
  • 2026-05-11 Listed $125,000 ARMLS

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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