2900 W Superstition Blvd #39 · Apache Junction, AZ
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (shaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 6/10 · Moderate
- Est. fire insurance / yr
- $610 – $1,132
Heat risk 8/10 · Major
- Hot days now (above 111°F)
- 5 days/yr
- Hot days in 30 yrs
- 12 days/yr
Wind risk 1/10 · Minimal
- Chance of severe wind over 30 yrs
- —
Air-quality risk 3/10 · Minor
- Unhealthy air days now
- 2 days/yr
- Unhealthy air days in 30 yrs
- 3 days/yr
Risk factors via First Street. Map © Google.
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 +22.5/30.0
- DSCR +7.5/10.0
- ARV discount +7.5/15.0
- 1% rule +7.4/10.0
- Condition / age +3.8/5.0
- Livability +3.3/5.0
- Appreciation +2.5/10.0
- Rent growth +1.6/5.0
- Schools +1.5/10.0
- Manufactured-home adj. -4.6
$84,900
2900 W Superstition Blvd #39 · Apache Junction, AZ 85120
2 bd · 2.0 ba · 1,040 sqft · Manufactured
· 155 Days on market
Manufactured home
55+ age-restricted
Built 2009
4,865 sqft lot
Garage
$82/sqft
· 61% below area
↓ 7% since listing
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks
Welcome to easy living in Silverado Estates, a 55+ community in Apache Junction! This well-maintained 2009 manufactured home features 2 bedrooms, 2 bathrooms, and 1,040 sq ft of comfortable space, all with beautiful views of the Superstition Mountains. Inside, you'll find brand new appliances, a convenient indoor laundry area, and a layout that feels both functional and cozy. The home sits on a spacious corner lot, giving you a little extra room to enjoy the outdoors. The property is on a leased lot with a monthly fee of $709. Pets are welcome per park guidelines, and buyer approval through the community is required.
Key facts
- 4,865 sq ft lot
- 4 parking spots
- Community pool
Neighborhood map
Sold within
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 $85k. Condition is rated good.
Deal economics
- At list price, monthly cash flow is $410 ($5k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($1k rent vs $85k).
- Recommended offer: $75k (12.0% below list) — sets the bar for market timing.
- Cap rate 12.1% vs local median 3.0% 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+, amenities F, commute 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.
- Zoned schools: Four Peaks Elementary School (math 12% / reading 17%, grade F, #898 of 1,109 statewide, top 83%, 498 students, 73% FRL); Cactus Canyon Junior High (math 14% / reading 19%, grade F, #151 of 218 statewide, top 70%, 702 students, 50% FRL); Apache Junction High School (math 12% / reading 17%, grade F, #267 of 381 statewide, top 72%, 999 students, 48% FRL) — zoned schools at 57% FRL track the district average.
- Market conditions: Rents falling (-3.5%/yr); 772 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals lingering (median 112d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 80% 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 $587 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
- At projected returns (-3.0% appreciation + 0.0% rent growth), your $24k cash investment doubles in ~8 years — after that, you're playing with house money.
Negotiation context
- It's been on market 155 days — a 12% lower offer ($75k) is reasonable based on typical stale-listing flexibility.
Risks & watch-outs
- Climate carrying-cost: major wildfire risk; extreme-heat days projected 5→12/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer
$74,712
(12.0% below list)
Questions for the listing agent
- It's been on market 155 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- 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?
- 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.
- 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.
- 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
- 1.49% ✓
- Cap rate
- 12.09%
- Cash-on-cash
- 20.71%
- DSCR
- 1.92
- GRM
- 5.6
CMA / ARV
- ARV (median comp)
- $216,943
- List price
- $84,900
- Delta
- -60.87%
- Verdict
- UNDERPRICED
- Comps
- 20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 2655 W Mockingbird St | 0.14mi | 2/2.0 | 1,041 (+0%) | 10mo | $190,000 | $183 | 84 |
| 2900 W Superstition Blvd #11 | 0.13mi | 2/2.0 | 1,000 (-4%) | 18mo | $60,000 | $60 | 73 |
| 394 N Pinyon Dr | 0.38mi | 2/2.0 | 1,040 (0%) | 16mo | $280,000 | $269 | 69 |
| 1918 N Warner Dr | 0.59mi | 2/1.5 | 1,056 (+2%) | 2mo | $168,500 | $160 | 66 |
| 478 N Pinal Dr | 0.30mi | 2/2.0 | 1,152 (+11%) | 4mo | $279,000 | $242 | 65 |
| 2452 W Shiprock St | 0.40mi | 2/2.0 | 1,057 (+2%) | 17mo | $299,000 | $283 | 65 |
| 1150 N Delaware Dr #24 | 0.22mi | 2/2.0 | 896 (-14%) | 5mo | $28,000 | $31 | 62 |
| 1847 N Warner Dr | 0.54mi | 3/2.0 (+1) | 1,057 (+2%) | 15mo | $283,000 | $268 | 55 |
| 1030 N Delaware Dr #23 | 0.29mi | 2/2.0 | 910 (-12%) | 16mo | $60,000 | $66 | 52 |
| 980 N Ironwood Dr #15 | 0.69mi | 2/1.0 | 975 (-6%) | 5mo | $77,900 | $80 | 49 |
| 1325 N Delaware Dr | 0.46mi | 2/1.5 | 896 (-14%) | 15mo | $25,000 | $28 | 41 |
| 520 N Ocotillo Dr | 0.52mi | 3/2.0 (+1) | 1,145 (+10%) | 17mo | $230,000 | $201 | 39 |
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 · 0.0% rent growth · sell at horizon
5-year hold
- IRR
- 9.6%
- Equity multiple
- 1.37×
- Total profit
- $8,691
- Equity at exit
- $12,659
10-year hold
- IRR
- 16.1%
- Equity multiple
- 2.14×
- Total profit
- $26,996
- Equity at exit
- $7,341
Cash invested: $23,772 (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.
Balanced market
Market conditions
within 1.0 mi — comparable homes for sale
Active competition Active MLS
- For sale now
- 10 active · 11 under contract
- Months of supply
- 6.0 mo (17%/mo absorbed)
- Median asking
- $85,000 ($71/sqft)
- Median days on market
- 50 d
- This list price
- 40% of active listings are priced below it
- ARV vs active asking
- +195.5% above current asking $/sqft
Closed sales set the value; these active listings set current market conditions and a practical price ceiling.
ZIP-level market 85120
- Home prices YoY
- -29.0%
- Rents YoY
- -3.5%
- Active inventory
- 772
- Price-to-rent
- 5.6×
Monthly cashflow live
↻
- Estimated rent
- $1,262 high interval (Pro) →
- Mortgage (P&I)
- −$445
- Tax est. 1.5%
- −$106 /mo · $1,274/yr
- Insurance
- −$35
- HOA
- −$0
- Lot rent leased land?
- −$0
- Vacancy / Maint / Mgmt
- −$265
- Net cashflow
- $410
Break-even live
Break-even rent
$743
Max offer price
$84,900
Occupancy floor
62%
Sensitivity live
| Price | -10% $469 | -5% $440 | +0% $410 | +5% $381 | +10% $352 |
|---|---|---|---|---|---|
| Rent | -10% $311 | -5% $360 | +0% $410 | +5% $460 | +10% $510 |
| Rate | -1.0pp $453 | -0.5pp $432 | base $410 | +0.5pp $388 | +1.0pp $366 |
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
- $21,225
- Closing costs
- $2,547
- Club membership (one-time)
- —
- 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 15 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 455 N Delaware Dr Unit 7 Apache Junction, AZ | 2.0 | 2.0 | 1060 | $1,900 | $1.79 | 120d | 1 | 0.42mi |
| 2185 W Ohio St Apache Junction, AZ | 2.0 | 1.0 | 1000 | $1,295 | $1.29 | 99d | 1 | 0.46mi |
| 1941 W Stagecoach St Apache Junction, AZ | 3.0 | 2.0 | 1306 | $1,995 | $1.53 | 40d | 1 | 0.57mi |
| 853 N Main Dr Apache Junction, AZ | 1.0–2.0 | 1.5–2.0 | 829 | $1,800 | $2.17 | 10d | 7 | 0.60mi |
| 1877 W Overland St Apache Junction, AZ | 3.0 | 2.0 | 1420 | $1,999 | $1.41 | 112d | 1 | 0.62mi |
| 2151 N Meridian Rd #55 Apache Junction, AZ | 2.0 | 1.0 | 910 | $1,400 | $1.54 | 10d | 1 | 0.77mi |
| 135 N Palo Verde Dr Apache Junction, AZ | 1.0 | 1.0 | 750 | $915 | $1.22 | 115d | 1 | 0.81mi |
| 135 N Palo Verde Dr Unit 8 Apache Junction, AZ | 1.0 | 1.0 | 750 | $925 | $1.23 | 119d | 1 | 0.81mi |
| 455 S Delaware Dr Apache Junction, AZ | 2.0 | 2.0 | 1060 | $2,048 | $1.93 | 116d | 2 | 0.97mi |
| 455 S Delaware Dr Unit 179 Apache Junction, AZ | 2.0 | 2.0 | 1060 | $2,395 | $2.26 | 120d | 1 | 0.97mi |
| 561 S Meridian Rd Unit 1 Apache Junction, AZ | 2.0 | 1.0 | 700 | $1,099 | $1.57 | 120d | 1 | 0.99mi |
| 561 S Meridian Rd Unit 2 Apache Junction, AZ | 3.0 | 2.0 | 1000 | $1,395 | $1.40 | 112d | 1 | 0.99mi |
| 560 S Grand Dr Unit 1 Apache Junction, AZ | 2.0 | 1.0 | 1350 | $1,295 | $0.96 | 33d | 1 | 1.03mi |
| 2292 N Ironwood Dr Apache Junction, AZ | 2.0 | 2.0 | 1152 | $1,475 | $1.28 | 120d | 1 | 1.05mi |
| 1008 S Mara Dr Apache Junction, AZ | 2.0 | 1.0 | 700 | $1,495 | $2.14 | 19d | 1 | 1.41mi |
Property features AI
Finance
- Other
- Lot size reported by owner
- HOA & community
- Land lease (monthly)Monthly land lease payment of $709Association covers electricity, street maintenance, trash and waterCommunity poolCommunity heated spaPickleball courts
Exterior
- Parking
- 2 covered parking spaces2 open parking spacesGolf cart garage2 carport spaces
- Utilities
- City waterSeptic tank
- Home design
- Manufactured/mobile homeLeasehold ownership
- Construction
- Wood sidingWood frame constructionComposition roofOwner-reported building area
- Exterior features
- StorageShed(s)Corner lotNo fencingMountain views
Interior
- Kitchen
- RefrigeratorDishwasherWater purifierReverse osmosis
- Bedrooms
- 2 possible bedrooms
- Flooring
- Linoleum
- Bathrooms
- 2 full bathrooms
- Heating & cooling
- Electric heatingCentral airCeiling fans
- Interior features
- Breakfast barFull bath in master bedroomStorage
- Laundry & utility
- Washer/dryer hookup onlySee remarks for laundry details
Listing history 50 events
-
2026-09-23days on market $84,900 Active 155 DOM
-
2026-09-22days on market $84,900 Active 154 DOM
-
2026-09-21days on market $84,900 Active 153 DOM
-
2026-09-20days on market $84,900 Active 152 DOM
-
2026-09-19days on market $84,900 Active 151 DOM
-
2026-09-18days on market $84,900 Active 150 DOM
-
2026-09-17days on market $84,900 Active 149 DOM
-
2026-09-16days on market $84,900 Active 148 DOM
-
2026-09-15days on market $84,900 Active 147 DOM
-
2026-09-14days on market $84,900 Active 146 DOM
-
2026-09-13days on market $84,900 Active 145 DOM
-
2026-09-12days on market $84,900 Active 144 DOM
-
2026-09-11days on market $84,900 Active 143 DOM
-
2026-09-05days on market $84,900 Active 137 DOM
-
2026-09-04days on market $84,900 Active 136 DOM
-
2026-09-03days on market $84,900 Active 135 DOM
-
2026-08-31days on market $84,900 Active 132 DOM
-
2026-08-30days on market $84,900 Active 131 DOM
-
2026-08-29days on market $84,900 Active 130 DOM
-
2026-08-28days on market $84,900 Active 129 DOM
-
2026-08-27days on market $84,900 Active 128 DOM
-
2026-08-26days on market $84,900 Active 127 DOM
-
2026-08-25days on market $84,900 Active 126 DOM
-
2026-08-24days on market $84,900 Active 125 DOM
-
2026-08-23days on market $84,900 Active 124 DOM
-
2026-08-22days on market $84,900 Active 123 DOM
-
2026-08-21days on market $84,900 Active 122 DOM
-
2026-08-20days on market $84,900 Active 121 DOM
-
2026-08-19days on market $84,900 Active 120 DOM
-
2026-08-18days on market $84,900 Active 119 DOM
-
2026-08-17days on market $84,900 Active 118 DOM
-
2026-08-16days on market $84,900 Active 117 DOM
-
2026-08-15days on market $84,900 Active 116 DOM
-
2026-08-14days on market $84,900 Active 115 DOM
-
2026-08-13days on market $84,900 Active 114 DOM
-
2026-08-12days on market $84,900 Active 113 DOM
-
2026-08-11days on market $84,900 Active 112 DOM
-
2026-08-10days on market $84,900 Active 111 DOM
-
2026-08-09days on market $84,900 Active 110 DOM
-
2026-08-08days on market $84,900 Active 109 DOM
-
2026-08-06days on market $84,900 Active 107 DOM
-
2026-08-05days on market $84,900 Active 106 DOM
-
2026-08-04days on market $84,900 Active 105 DOM
-
2026-08-03days on market $84,900 Active 104 DOM
-
2026-07-31days on market $84,900 Active 101 DOM
-
2026-07-30days on market $84,900 Active 100 DOM
-
2026-07-30days on market $84,900 Active 99 DOM
-
2026-07-28days on market $84,900 Active 98 DOM
-
2026-07-26days on market $84,900 Active 96 DOM
-
2026-07-24days on market $84,900 Active 94 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 (shaded) · 0% chance over 30 yrs
- Wildfire 6/10 Major
- Heat 8/10 Severe 5 d/yr ≥111°F today · 12 d/yr by 30 yrs out
- Wind 1/10 Low
- Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 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
- $15,144
- − Mortgage interest
- −$4,756
- − Property taxes
- −$1,274
- − Insurance
- −$424
- − Repairs & maintenance
- −$1,211
- − Management
- −$1,211
- − Depreciation
- −$2,470
- Taxable income
- $3,797
combined federal + state — saved on this device
- Est. tax owed @ 24.0%
- −$911
- After-tax cash flow
- $4,011/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
75/100
Cosmetic rehab
Est. rehab $5,200–$15,600 screening
This well-maintained 2009 manufactured home in Silverado Estates, Apache Junction, is in good condition with minimal repairs needed. It offers a good return on investment with updates that can significantly increase its value.
Value-add opportunities
- Both Paint exterior trim — Enhances curb appeal and value ↑
- Both Clean gutters — Improves drainage and property 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 15/100
Zoned Schools
Elementary
Four Peaks Elementary School
F
AZ #898/1,109
Nat'l #36,758/41,679
Middle
Cactus Canyon Junior High
F
AZ #151/218
Nat'l #12,406/14,009
High
Apache Junction High School
F
AZ #267/381
Nat'l #15,534/17,239
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
C
Composite livability gradescore 66/100
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 · 437,574 people
- City population
- 56,611
- Metro
- Phoenix-Mesa-Chandler, AZ
- Population (ZIP)
- 31,191
- Household income
- $57,786
- Rent vs Own
- Severe rent burden
- 14% 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
- Predominantly White (77%)
- Race & ethnicity
- White 77% Hispanic / Latino 16% Two or more races 10% Asian 1%
- Hispanic origin (detail)
- Mexican 13%
- Common ancestry
- Romanian 3% Lithuanian 3% Portuguese 3%
- Foreign-born
- 7% · Canada
- Languages at home
- 89% English-only · Spanish 8% Tagalog/Filipino 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
- —
Market trends
- HPI YoY
- ▼ -128.31%
- Current HPI
- 313.4666
- Rent YoY
- ▼ -3.50%
- 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 |
|
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Price history
-7.3% since first listed3 events — show timeline
- 2026-05-05 Price Changed $89,000 ARMLS
- 2026-04-28 Price Changed $89,500 ARMLS
- 2026-04-21 Listed $96,000 ARMLS
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…