2401 W Route 66 Lot 1 · Flagstaff, AZ 86001

$159,900

3 bd · 2.0 ba · 1,130 sqft · Manufactured · 288 Days on market

Manufactured home 55+ age-restricted Built 1984 Good condition 6,534 sqft lot $142/sqft · 61% below area ↓ 23% since listing

---

Why this score? — see what drove the D+ 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 +19.4/30.0
• ARV discount +7.5/15.0
• DSCR +6.3/10.0
• 1% rule +5.6/10.0
• Condition / age +3.8/5.0
• Livability +3.1/5.0
• Schools +3.0/10.0
• Rent growth +2.6/5.0
• Appreciation +2.5/10.0
• Manufactured-home adj. -4.3

Listing remarks MLS

Beautifully updated 3-bed, 2-bath mobile home in the peaceful 55+ Wildwood Hills community! Features include a new roof with a 15-year transferable warranty, brand-new double-pane energy-efficient windows, and a spacious two-car detached garage. Enjoy extra space with a detached workshop and storage shed—perfect for hobbies or gear. Nestled among the pines just off Historic Route 66, this home combines comfort, convenience, and mountain charm.

Key facts

• Historic route 66
• Detached workshop
• Storage shed

Tags

• NEW ROOF
• DOUBLE-PANE WINDOWS
• DETACHED WORKSHOP
• STORAGE SHED
• WILDWOOD HILLS COMMUNITY
• HISTORIC ROUTE 66

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $160k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $239 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $160k).
• Recommended offer: $141k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.6% vs local median 2.2% 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: Manuel Demiguel Elementary School (math 39% / reading 55%, grade D-, #308 of 1,109 statewide, top 29%, 579 students, 19% FRL); Mount Elden Middle School (math 16% / reading 23%, grade F, #134 of 218 statewide, top 63%, 757 students, 51% FRL); Flagstaff High School (math 22% / reading 27%, grade F, #154 of 381 statewide, top 53%, 1,620 students, 25% FRL).
• Market conditions: Rents flat; 436 active listings in the ZIP; 18 comparable units currently listed for rent nearby; rentals leasing fast (median 6d on market — plan ~1-2 weeks tenant-placement turnaround); 698 units permitted in Coconino County in 2024 (354 in 5+ unit buildings).
• This rent runs 33% of the median local income ($65k/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 $1k of loan paydown is wiped out by about $5k 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 288 days — a 12% lower offer ($141k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: severe flood risk; severe wildfire risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $140,712 (12.0% below list)

Questions for the listing agent

1. It's been on market 288 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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: 1.12% ✓
• Cap rate: 8.58%
• Cash-on-cash: 8.18%
• DSCR: 1.36
• GRM: 7.5

CMA / ARV

• ARV (median comp): $415,000
• List price: $159,900
• Delta: -61.47%
• Verdict: UNDERPRICED
• Comps: 15 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1407 S Union Pacific St	0.49mi	3/2.0	1,121 (-1%)	3mo	$430,000	$384	74
1505 S Burlington St	0.35mi	3/2.0	1,121 (-1%)	14mo	$425,500	$380	71
2500 W Route 66 #118	0.19mi	3/2.0	1,056 (-6%)	15mo	$95,000	$90	68
1314 S Burlington St	0.52mi	3/2.0	1,094 (-3%)	5mo	$430,000	$393	66
1455 S Union Pacific St	0.44mi	3/2.0	1,134 (+0%)	20mo	$435,000	$384	62
2412 W Rio Grande Ct	0.48mi	3/2.0	1,188 (+5%)	10mo	$399,000	$336	60
1301 S Burlington St	0.52mi	3/2.0	1,080 (-4%)	13mo	$420,000	$389	57
2375 W Zepher Ave	0.27mi	2/2.0 (-1)	1,232 (+9%)	14mo	$439,000	$356	56
1290 S Burlington St	0.54mi	3/2.0	1,080 (-4%)	19mo	$426,500	$395	52
1758 W Sherrie Dr	0.64mi	3/2.0	1,296 (+15%)	2mo	$420,000	$324	43
1248 S Chattanooga St	0.65mi	3/2.0	1,296 (+15%)	2mo	$470,000	$363	43
1675 W Sherrie Dr	0.69mi	3/2.0	1,296 (+15%)	4mo	$410,000	$316	40

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 · 0.55% rent growth · sell at horizon

5-year hold

• IRR: -9.3%
• Equity multiple: 0.67×
• Total profit: $-14,925
• Equity at exit: $23,842

10-year hold

• IRR: -3.8%
• Equity multiple: 0.78×
• Total profit: $-9,915
• Equity at exit: $13,825

Cash invested: $44,772 (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 →

Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 17 active · 3 under contract
• Months of supply: 10.2 mo (10%/mo absorbed)
• Median asking: $125,000 ($112/sqft)
• Median days on market: 56 d
• This list price: 59% of active listings are priced below it
• ARV vs active asking: +229.1% above current asking $/sqft

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

ZIP-level market 86001

• Rents YoY: 0.6%
• Active inventory: 436
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $1,785 high
• Mortgage (P&I): −$839
• Tax est. 1.5%: −$200 /mo · $2,398/yr
• Insurance: −$67
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Lot rent leased land?: −$0
• Vacancy / Maint / Mgmt: −$375
• Net cashflow: $239

Break-even live

Break-even rent $1,483

Max offer price $159,900

Occupancy floor 82%

Sensitivity live

Price	-10% $349	-5% $294	+0% $239	+5% $184	+10% $128
Rent	-10% $98	-5% $168	+0% $239	+5% $309	+10% $380
Rate	-1.0pp $319	-0.5pp $280	base $239	+0.5pp $197	+1.0pp $155

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: $39,975
• Closing costs: $4,797
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 18 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2382 W Cripple Creek Dr Flagstaff, AZ	2.0	2.5	1274	$2,200	$1.73	5d	1	0.18mi
2374 W Cripple Creek Dr Flagstaff, AZ	2.0	2.5	1300	$2,325	$1.79	5d	1	0.19mi
2701 S Woody Mountain Rd Flagstaff, AZ	1.0–3.0	1.0–2.0	1078	$3,215	$2.98	1d	68	0.50mi
1385 W University Ave Flagstaff, AZ	2.0	2.0	906	$1,698	$1.87	5d	3	0.82mi
1385 W University Ave Flagstaff, AZ	2.0	2.0	906	$1,725	$1.90	139d	3	0.82mi
1000 W Forest Meadows St Flagstaff, AZ	1.0–2.0	1.0–2.0	792	$1,950	$2.46	5d	9	0.94mi
927 W Forest Meadows St Flagstaff, AZ	1.0–2.0	1.0–2.0	889	$2,497	$2.81	3d	14	0.99mi
800 W Forest Meadows St Flagstaff, AZ	1.0–3.0	1.0–2.0	847	$2,512	$2.96	3d	36	1.14mi
813 W University Ave Flagstaff, AZ	2.0	1.0–2.0	567	$1,835	$3.24	5d	1	1.18mi
1515 S Yale St Flagstaff, AZ	2.0	1.0–2.0	860	$1,740	$2.02	139d	6	1.19mi
1515 S Yale St Flagstaff, AZ	2.0	2.0	860	$1,660	$1.93	5d	1	1.19mi
700 W University Ave Flagstaff, AZ	2.0	2.0	900	$1,720	$1.91	3d	1	1.20mi
600 W University Heights Dr N Flagstaff, AZ	1.0–2.0	1.0–2.0	856	$1,995	$2.33	2d	4	1.42mi
3200 S Litzler Dr Unit 9-236 Flagstaff, AZ	2.0	2.0	776	$1,800	$2.32	139d	1	1.44mi
3200 S Litzler Dr Flagstaff, AZ	1.0–2.0	1.0–2.0	680	$1,800	$2.65	5d	3	1.44mi
3200 S Litzler Dr Flagstaff, AZ	2.0	2.0	805	$1,700	$2.11	5d	1	1.44mi
1200 S Riordan Ranch St Flagstaff, AZ	2.0	2.0	827	$1,675	$2.03	2d	1	1.46mi
1200 S Riordan Ranch St Flagstaff, AZ	2.0	2.0	827	$1,650	$2.00	4d	1	1.46mi

Listing history 50 events

1. 2026-08-17
   days on market $159,900 Active 288 DOM
2. 2026-08-16
   days on market $159,900 Active 287 DOM
3. 2026-08-15
   days on market $159,900 Active 286 DOM
4. 2026-08-14
   days on market $159,900 Active 285 DOM
5. 2026-08-13
   days on market $159,900 Active 284 DOM
6. 2026-08-12
   days on market $159,900 Active 283 DOM
7. 2026-08-11
   days on market $159,900 Active 282 DOM
8. 2026-08-10
   days on market $159,900 Active 281 DOM
9. 2026-08-09
   days on market $159,900 Active 280 DOM
10. 2026-08-08
    days on market $159,900 Active 279 DOM
11. 2026-08-07
    days on market $159,900 Active 278 DOM
12. 2026-08-06
    days on market $159,900 Active 277 DOM
13. 2026-08-05
    days on market $159,900 Active 276 DOM
14. 2026-08-04
    days on market $159,900 Active 275 DOM
15. 2026-08-03
    days on market $159,900 Active 274 DOM
16. 2026-07-31
    days on market $159,900 Active 271 DOM
17. 2026-07-30
    days on market $159,900 Active 270 DOM
18. 2026-07-29
    days on market $159,900 Active 269 DOM
19. 2026-07-27
    days on market $159,900 Active 267 DOM
20. 2026-07-25
    days on market $159,900 Active 265 DOM
21. 2026-07-24
    days on market $159,900 Active 264 DOM
22. 2026-07-23
    days on market $159,900 Active 263 DOM
23. 2026-07-22
    days on market $159,900 Active 262 DOM
24. 2026-07-21
    days on market $159,900 Active 261 DOM
25. 2026-07-18
    days on market $159,900 Active 258 DOM
26. 2026-07-16
    days on market $159,900 Active 256 DOM
27. 2026-07-16
    days on market $159,900 Active 255 DOM
28. 2026-07-14
    pricedays on market $159,900 Active 254 DOM
29. 2026-07-13
    days on market $169,500 Active 253 DOM
30. 2026-07-12
    days on market $169,500 Active 252 DOM
31. 2026-07-11
    days on market $169,500 Active 251 DOM
32. 2026-07-10
    days on market $169,500 Active 250 DOM
33. 2026-07-09
    days on market $169,500 Active 249 DOM
34. 2026-07-08
    days on market $169,500 Active 248 DOM
35. 2026-07-07
    days on market $169,500 Active 247 DOM
36. 2026-07-06
    days on market $169,500 Active 246 DOM
37. 2026-07-05
    days on market $169,500 Active 245 DOM
38. 2026-07-04
    days on market $169,500 Active 244 DOM
39. 2026-07-03
    days on market $169,500 Active 243 DOM
40. 2026-07-02
    days on market $169,500 Active 242 DOM
41. 2026-07-01
    days on market $169,500 Active 241 DOM
42. 2026-06-30
    price $169,500 Active 240 DOM
43. 2026-06-30
    days on market $179,900 Active 240 DOM
44. 2026-06-29
    days on market $179,900 Active 239 DOM
45. 2026-06-28
    days on market $179,900 Active 238 DOM
46. 2026-06-28
    days on market $179,900 Active 237 DOM
47. 2026-06-27
    days on market $179,900 Active 236 DOM
48. 2026-06-26
    days on market $179,900 Active 235 DOM
49. 2026-06-23
    days on market $179,900 Active 232 DOM
50. 2026-06-21
    days on market $179,900 Active 231 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 8/10 Severe FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 8/10 Severe
• 🌡 Heat 2/10 Low 7 d/yr ≥86°F today · 18 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: $21,423
• − Mortgage interest: −$8,957
• − Property taxes: −$2,398
• − Insurance: −$1,597
• − Repairs & maintenance: −$1,714
• − Management: −$1,714
• − Depreciation: −$4,652
• Taxable income: $391
• Est. tax owed @ 24.0%: −$94
• After-tax cash flow: $2,772/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

Good 75/100 Cosmetic rehab Est. rehab $5,650–$16,950 screening

This updated 3-bedroom, 2-bath mobile home in Wildwood Hills offers a peaceful setting with a new roof, energy-efficient windows, and a spacious garage. It's move-in ready with minor maintenance items to address.

Value-add opportunities

• Resale Paint exterior trim — Enhances curb appeal ↑
• Rental Clean gutters — Keeps property in good condition ↑

ⓘ 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 30/100

Zoned Schools

Elementary Manuel Demiguel Elementary School D- AZ #308/1,109 Nat'l #14,504/41,679 Middle Mount Elden Middle School F AZ #134/218 Nat'l #11,801/14,009 High Flagstaff High School F AZ #154/381 Nat'l #12,478/17,239

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): 37,312
• Household income: $64,626
• Rent vs Own: 63.2% rent · 36.8% own
• Severe rent burden: 18% 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 0.59)
• Race & ethnicity: White 62% Hispanic / Latino 15% Native American 12% Two or more races 9% Asian 3% Black 2%
• Hispanic origin (detail): Mexican 10%
• Common ancestry: Italian 2% Slovak 2% Romanian 2%
• Foreign-born: 6% · Canada, China, Jamaica
• Languages at home: 84% English-only · Spanish 8% Other Indo-European 1% Chinese 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: —

Market trends

• HPI YoY: ▼ -488.37%
• Current HPI: 393.2551
• Rent YoY: ▲ 0.55%
• Metro: Flagstaff, 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

-23.4% since first listed

4 events — show timeline

• 2026-05-08 Price Changed $179,900 NAZMLS
• 2026-04-21 Price Changed $189,900 NAZMLS
• 2026-03-20 Price Changed $199,900 NAZMLS
• 2025-10-31 Listed $235,000 NAZMLS