2400 E Baseline Ave #144 · Apache Junction, AZ 85119

$115,000

2 bd · 2.0 ba · 1,680 sqft · Manufactured · 263 Days on market

Built 1998 Est $134k · 14% under

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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
• ARV discount +14.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.3/5.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• Schools +1.5/10.0
• Appreciation +0.0/10.0

Listing remarks

In legendary Apache Junction, where the Superstition Mountains dominate the horizon, this ground-set home is a showstopper. Completely remodeled with a great room concept, it's fresh, vibrant, and move-in ready. The upgrades are already done: newer A/C, roof, flooring, interior paint, and appliances and yes, the refrigerator, washer, and dryer all convey. It's convenience, comfort, and style rolled into one. And then there's the screened-in patio your stage for Arizona living at its best. Sip your coffee at sunrise, watch the mountains glow at dusk, and feel like you've discovered your own slice of desert paradise. This is the moment to claim an Arizona lifestyle. From the great room inside

Key facts

• Newer flooring
• Newer roof
• Screened-in patio

Tags

• SCREENED-IN PATIO
• GREAT ROOM CONCEPT
• NEWER A/C
• NEWER ROOF
• NEWER FLOORING
• NEWER INTERIOR PAINT

Property features AI

Finance

• HOA & community: Land lease ($950 monthly); Association covers grounds maintenance and street maintenance; Gated community; Community pool; Community spa (heated); Fitness center; Racquetball; Pickleball courts

Exterior

• Parking: 2 open parking spaces; 2 covered parking spaces; 2 carport spaces; Separate storage area
• Utilities: City water; Public sewer
• Home design: Manufactured/mobile home; Leasehold ownership
• Construction: Metal siding; Steel frame construction; Composition roof
• Exterior features: Private streets; Private yard; Screened-in patio; Partial wrought-iron fencing; Desert front and back landscaping; Private maintained road

Interior

• Kitchen: Built-in microwave; Non-laminate countertops; Electric range/oven; Refrigerator; Dishwasher; Garbage disposal
• Bedrooms: 2 possible bedrooms
• Flooring: Vinyl flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heating; Central air conditioning; Ceiling fans; Programmable thermostat
• Interior features: High-speed internet; Double vanity; Eat-in kitchen; No interior steps; Vaulted ceilings; Kitchen island; Full bath in primary bedroom; Solar screens on windows; Dual-pane windows

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $115k.

Deal economics

• At list price, monthly cash flow is $738 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $115k).
• Recommended offer: $101k (12.0% below list) — sets the bar for market timing.
• Cap rate 14.0% vs local median 3.5% in Apache Junction — 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 66/100 on livability (#70 in AZ) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: crime D+, schools F, amenities F.
• Apache Junction Unified District (4443) (suburban): math 15% / reading 20% proficiency, ranked #195 of 249 in AZ (top 78%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: Rents rising (+1.6%/yr); 354 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 9,504 units permitted in Pinal County in 2024 (776 in 5+ unit buildings).
• This rent runs 33% of the median local income ($72k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $795 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 1.6% rent growth), your $32k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 263 days — a 12% lower offer ($101k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 20y ago; this cycle's ask has dropped $13k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $62k; list at $115k implies a 84% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major wildfire risk; extreme-heat days projected 6→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $101,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 263 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: 1.69% ✓
• Cap rate: 14.00%
• Cash-on-cash: 27.51%
• DSCR: 2.22
• GRM: 4.9

CMA / ARV

• ARV (on-the-fly): $134,400
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3355 S Cortez Rd #28	0.31mi	2/2.0	1,512 (-10%)	0mo	$77,000	$51	68
3301 S Goldfield Rd #2095	0.62mi	2/2.0	1,632 (-3%)	2mo	$129,900	$80	65
3301 S Goldfield Rd #2056	0.73mi	2/2.0	1,680 (0%)	2mo	$177,500	$106	65
3301 S Goldfield Rd #2102	0.66mi	2/2.0	1,720 (+2%)	1mo	$120,000	$70	64
3301 S Goldfield Rd #1054	0.62mi	2/2.0	1,586 (-6%)	1mo	$165,000	$104	61
3700 S Tomahawk Rd #93	0.59mi	2/2.0	1,568 (-7%)	0mo	$80,000	$51	61
3301 S Goldfield Rd #2015	0.73mi	2/2.0	1,795 (+7%)	1mo	$145,000	$81	54
3301 S Goldfield Rd #4028	0.68mi	2/2.0	1,890 (+12%)	1mo	$157,500	$83	47
3700 S Tomahawk Rd #16	0.72mi	3/2.0 (+1)	1,512 (-10%)	0mo	$119,900	$79	44
3301 S Goldfield Rd #3038	0.73mi	2/2.0	1,915 (+14%)	1mo	$171,000	$89	42
3700 S Tomahawk Rd #91	0.72mi	2/2.0	1,428 (-15%)	1mo	$85,000	$60	41
3301 S Goldfield Rd #1015	0.73mi	3/3.0 (+1)	1,874 (+12%)	2mo	$140,000	$75	36

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 · 1.57% rent growth · sell at horizon

5-year hold

• IRR: 19.9%
• Equity multiple: 1.80×
• Total profit: $25,658
• Equity at exit: $17,147

10-year hold

• IRR: 27.2%
• Equity multiple: 3.24×
• Total profit: $72,027
• Equity at exit: $9,943

Cash invested: $32,200 (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 85119

• Home prices YoY: -33.5%
• Rents YoY: 1.6%
• Active inventory: 354
• Price-to-rent: 4.9×

Monthly cashflow live

• Estimated rent: $1,940 high
• Mortgage (P&I): −$603
• Tax est. 1.5%: −$144 /mo · $1,725/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$407
• Net cashflow: $738

Break-even live

Break-even rent $1,006

Max offer price $115,000

Occupancy floor 57%

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: $28,750
• Closing costs: $3,450
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3705 S Conestoga Rd Apache Junction, AZ	3.0	2.0	1700	$1,895	$1.11	24d	1	0.09mi
3879 S Conestoga Rd Apache Junction, AZ	3.0	2.0	1578	$1,910	$1.21	24d	1	0.11mi
2369 E 35th Ave Apache Junction, AZ	3.0	2.5	1892	$2,100	$1.11	5d	1	0.14mi
3333 S Conestoga Rd Apache Junction, AZ	3.0	2.0	1387	$2,900	$2.09	24d	1	0.29mi
3448 S Chaparral Rd Apache Junction, AZ	3.0	2.0	1186	$1,848	$1.56	11d	1	0.33mi
3478 S Chaparral Rd Apache Junction, AZ	3.0	2.5	1614	$1,850	$1.15	5d	1	0.34mi
3277 S Chaparral Rd Apache Junction, AZ	3.0	2.5	1614	$1,770	$1.10	3d	1	0.39mi
2681 E Boulder Ave Apache Junction, AZ	3.0	3.5	1776	$2,200	$1.24	24d	1	0.42mi
3301 S Goldfield Rd Unit 4077 Apache Junction, AZ	2.0	2.0	1548	$1,850	$1.20	24d	1	0.74mi
700 E Quail Ave Apache Junction, AZ	3.0	2.0	1168	$1,795	$1.54	5d	1	1.46mi

Listing history 45 events

1. 2026-06-18
   days on market $115,000 Active 263 DOM
2. 2026-06-17
   days on market $115,000 Active 262 DOM
3. 2026-06-16
   days on market $115,000 Active 261 DOM
4. 2026-06-15
   days on market $115,000 Active 260 DOM
5. 2026-06-13
   days on market $115,000 Active 258 DOM
6. 2026-06-09
   days on market $115,000 Active 254 DOM
7. 2026-06-08
   days on market $115,000 Active 253 DOM
8. 2026-06-07
   days on market $115,000 Active 252 DOM
9. 2026-06-04
   days on market $115,000 Active 249 DOM
10. 2026-06-03
    days on market $115,000 Active 248 DOM
11. 2026-06-02
    days on market $115,000 Active 247 DOM
12. 2026-06-01
    days on market $115,000 Active 246 DOM
13. 2026-05-31
    days on market $115,000 Active 245 DOM
14. 2026-05-18
    status Active
15. 2026-05-13
    status Pending
16. 2026-04-05
    price $115,000
17. 2026-03-08
    price $120,000
18. 2025-12-01
    price $125,000
19. 2025-09-22
    listed $128,000 Active
20. 2025-09-17
    historical
21. 2025-07-23
    price $127,900
22. 2025-04-27
    price $129,900
23. 2025-04-18
    listed $131,000 Active
24. 2025-04-17
    historical
25. 2025-04-02
    price $131,000
26. 2025-03-23
    price $133,000
27. 2025-03-11
    price $136,500
28. 2025-03-06
    price $139,500
29. 2025-03-03
    price $145,000
30. 2025-02-28
    price $139,500
31. 2025-02-25
    price $145,000
32. 2024-12-26
    status Active
33. 2024-12-26
    price $149,900
34. 2024-12-26
    historical
35. 2024-12-26
    listed $149,000
36. 2024-04-01
    historical
37. 2024-03-16
    price $149,900
38. 2024-02-22
    price $153,600
39. 2023-11-09
    price $160,000
40. 2023-09-15
    listed $167,900 Active
41. 2019-07-20
    soldstatus $62,500 Closed
42. 2019-06-01
    status Pending
43. 2019-05-03
    listed $64,900 Active
44. 2006-07-28
    historical
45. 2006-05-07
    listed $59,900

ⓘ 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 8/10 Severe 6 d/yr ≥111°F today · 15 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,285
• − Mortgage interest: −$6,442
• − Property taxes: −$1,725
• − Insurance: −$575
• − Repairs & maintenance: −$1,863
• − Management: −$1,863
• − Depreciation: −$3,345
• Taxable income: $7,472
• Est. tax owed @ 24.0%: −$1,793
• After-tax cash flow: $7,065/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: Apache Junction Unified District (4443)
• NCES district ID: 0400790
• Math proficiency: 15% ▼ -17.00%
• Reading proficiency: 20% ▼ -13.00%
• Median HH income: $44,930
• Composite: 15.34/100
• National rank: #9325
• State rank: #195 of 249 in AZ

Livability — Apache Junction

• Score: 66/100
• State rank: #70
• US rank: #11242

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Apache Junction, AZ
• County: Pinal County · 399,947 people
• City population: 56,611
• Metro: Phoenix-Mesa-Chandler, AZ
• Population (ZIP): 25,420
• Household income: $71,585
• Rent vs Own: 20.1% rent · 79.9% own
• Severe rent burden: 305.0

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: Predominantly White (74%)
• Race & ethnicity: White 74% Hispanic / Latino 19% Two or more races 12% Black 2% Asian 1%
• Hispanic origin (detail): Mexican 17%
• Common ancestry: Slovak 5% Portuguese 3% Lithuanian 3%
• Foreign-born: 8% · Canada
• Languages at home: 87% English-only · Spanish 11%

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: —

Market trends

• HPI YoY: ▼ -138.19%
• Current HPI: 274.3808
• Rent YoY: ▲ 1.57%
• 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

+92.0% since first listed

32 events — show timeline

• 2026-05-18 Relisted — ARMLS
• 2026-05-13 Pending — ARMLS
• 2026-04-05 Price Changed $115,000 ARMLS
• 2026-03-08 Price Changed $120,000 ARMLS
• 2025-12-01 Price Changed $125,000 ARMLS
• 2025-09-22 Listed $128,000 ARMLS
• 2025-09-17 Listing Removed — ARMLS
• 2025-07-23 Price Changed $127,900 ARMLS
• 2025-04-27 Price Changed $129,900 ARMLS
• 2025-04-18 Listed $131,000 ARMLS
• 2025-04-17 Listing Removed — ARMLS
• 2025-04-02 Price Changed $131,000 ARMLS
• 2025-03-23 Price Changed $133,000 ARMLS
• 2025-03-11 Price Changed $136,500 ARMLS
• 2025-03-06 Price Changed $139,500 ARMLS
• 2025-03-03 Price Changed $145,000 ARMLS
• 2025-02-28 Price Changed $139,500 ARMLS
• 2025-02-25 Price Changed $145,000 ARMLS
• 2024-12-26 Relisted — ARMLS
• 2024-12-26 Price Changed $149,900 ARMLS
• 2024-12-26 Listed $149,000 ARMLS
• 2024-12-26 Listing Removed — ARMLS
• 2024-04-01 Listing Removed — ARMLS
• 2024-03-16 Price Changed $149,900 ARMLS
• 2024-02-22 Price Changed $153,600 ARMLS
• 2023-11-09 Price Changed $160,000 ARMLS
• 2023-09-15 Listed $167,900 ARMLS
• 2019-07-20 Sold (MLS) $62,500 ARMLS
• 2019-06-01 Pending — ARMLS
• 2019-05-03 Listed $64,900 ARMLS
• 2006-07-28 Listing Removed — ARMLS
• 2006-05-07 Listed $59,900 ARMLS