223 W 11th St · Casa Grande, AZ 85122

$190,000

3 bd · 2.5 ba · 1,595 sqft · SingleFamily public records · 23 Days on market

Built 1947 7,001 sqft lot Est $278k · 32% 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 +26.6/30.0
• ARV discount +15.0/15.0
• DSCR +9.1/10.0
• 1% rule +6.0/10.0
• Rent growth +3.7/5.0
• Livability +2.9/5.0
• Condition / age +2.5/5.0
• Schools +1.5/10.0
• Appreciation +0.0/10.0

Listing remarks

Spacious corner-lot home in the heart of Casa Grande with plenty of room and potential! Situated on an oversized lot with low-maintenance desert landscaping, this property offers a functional layout, abundant natural light, and ample outdoor space. Major system updates include a roof replaced approximately 4 years ago, with the A/C and water heater updated approximately 6 years ago. The large lot provides room for RV parking, toys, entertaining, or future possibilities. Conveniently located near schools, parks, shopping, dining, and easy freeway access. Great opportunity for a homeowner or investor looking to make it their own.

Key facts

• Major system updates
• Corner-lot
• Desert landscaping

Tags

• CORNER-LOT
• OVERSIZED LOT
• DESERT LANDSCAPING
• MAJOR SYSTEM UPDATES
• ROOM FOR RV PARKING

Property features AI

Finance

• Financial info: Conventional financing available
• HOA & community: No association fees

Exterior

• Parking: 2 open parking spaces
• Utilities: City water; Public sewer
• Home design: Single family residence; Fee simple ownership
• Construction: Stucco and wood frame construction; Composition roof
• Exterior features: Corner lot; Gravel/stone front

Interior

• Bedrooms: 3 possible bedrooms
• Bathrooms: 2 full bathrooms; 1 half bathroom
• Heating & cooling: Central air conditioning; Heating present
• Interior features: Full bathroom in the master bedroom; Laundry room inside the home
• Laundry & utility: Inside laundry

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath single-family listed at $190k.

Deal economics

• At list price, monthly cash flow is $508 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $190k).
• Recommended offer: $187k (1.5% below list) — sets the bar for market timing.
• Cap rate 9.5% vs local median 4.1% 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: 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); 628 active listings in the ZIP; 21 comparable units currently listed for rent nearby; rentals at typical pace (median 22d 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 37% of the median local income ($68k/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 $6k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 4.6% rent growth), your $53k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 23 days — a 2% lower offer ($187k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 26y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $92k; list at $190k implies a 106% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1947 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wildfire risk; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $187,150 (1.5% below list)

Questions for the listing agent

1. Built in 1947 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
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: 1.10% ✓
• Cap rate: 9.50%
• Cash-on-cash: 11.47%
• DSCR: 1.51
• GRM: 7.6

CMA / ARV

• ARV (on-the-fly): $277,530
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
301 W 11th St	0.03mi	3/2.0	1,481 (-7%)	1mo	$259,000	$175	84
1112 N Olive Ave	0.30mi	3/2.0	1,597 (+0%)	1mo	$275,000	$172	82
1316 N Park Ave	0.19mi	3/2.0	1,539 (-4%)	2mo	$239,000	$155	82
220 W 13th St	0.14mi	3/2.0	1,709 (+7%)	5mo	$255,000	$149	76
1112 N Center Ave	0.16mi	4/2.0 (+1)	1,549 (-3%)	10mo	$325,000	$210	73
220 E Ocotillo St	0.61mi	4/2.0 (+1)	1,623 (+2%)	6mo	$324,900	$200	57
308 W 3rd Ave	0.65mi	4/2.0 (+1)	1,617 (+1%)	6mo	$225,000	$139	55
721 W Ocotillo St	0.73mi	4/2.0 (+1)	1,562 (-2%)	1mo	$295,000	$189	55
517 W 11th St	0.30mi	4/2.0 (+1)	1,425 (-11%)	10mo	$209,000	$147	53
504 E Laurel Dr	0.53mi	4/2.0 (+1)	1,372 (-14%)	8mo	$238,400	$174	39
718 W Ocotillo St	0.74mi	3/2.0	1,368 (-14%)	3mo	$260,000	$190	37
305 N Morrison Ave	0.74mi	3/2.0	1,376 (-14%)	7mo	$220,000	$160	35

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: 2.4%
• Equity multiple: 1.09×
• Total profit: $4,926
• Equity at exit: $28,330

10-year hold

• IRR: 13.3%
• Equity multiple: 2.13×
• Total profit: $60,133
• Equity at exit: $16,428

Cash invested: $53,200 (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 85122

• Home prices YoY: -22.4%
• Rents YoY: 4.6%
• Active inventory: 628
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $2,085 high
• Mortgage (P&I): −$996
• Tax from tax record: −$63 /mo · $758/yr
• Insurance: −$79
• HOA: −$0
• Vacancy / Maint / Mgmt: −$438
• Net cashflow: $508

Break-even live

Break-even rent $1,441

Max offer price $190,000

Occupancy floor 71%

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: $47,500
• Closing costs: $5,700
• Reserves months: —
• Total cash needed: —

Rent comps 21 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
541 W Melrose Dr Casa Grande, AZ	3.0	2.0	1101	$1,600	$1.45	24d	1	0.53mi
1584 N Wood St Casa Grande, AZ	4.0	2.0	1928	$1,800	$0.93	14d	1	0.78mi
919 N Gilbert Ave Casa Grande, AZ	3.0	2.0	1630	$1,975	$1.21	5d	1	0.79mi
801 E 2nd St Casa Grande, AZ	3.0	2.0	1200	$1,650	$1.38	24d	1	0.82mi
1640 N Cameron St Unit 1640 Casa Grande, AZ	3.0	2.5	1577	$3,250	$2.06	24d	1	0.90mi
920 E 4th St Casa Grande, AZ	3.0	2.0	1073	$1,295	$1.21	3d	1	0.91mi
1640 N Cameron St Casa Grande, AZ	3.0	2.0	1577	$3,250	$2.06	23d	1	0.91mi
1640 N Cameron St Casa Grande, AZ	3.0	2.0	1577	$3,250	$2.06	21d	1	0.91mi
1642 N Cameron St Casa Grande, AZ	3.0	2.5	1577	$3,250	$2.06	24d	1	0.91mi
1131 E Trinity Pl Casa Grande, AZ	4.0	2.5	1600	$1,650	$1.03	24d	1	1.03mi
1013 E Doan St Casa Grande, AZ	4.0	2.0	1120	$1,700	$1.52	24d	1	1.15mi
928 N Pueblo Dr Casa Grande, AZ	3.0	2.0	1300	$1,550	$1.19	24d	1	1.21mi
846 N Pueblo Dr #138 Casa Grande, AZ	3.0	2.0	1324	$1,700	$1.28	14d	1	1.21mi
75 S Trekell Rd Casa Grande, AZ	2.0–3.0	2.0	1035	$1,750	$1.69	1d	18	1.29mi
1620 N Trekell Rd Casa Grande, AZ	1.0–3.0	1.0–2.5	1090	$2,640	$2.42	1d	1	1.29mi
1025 N Menze St Casa Grande, AZ	3.0	1.5	1301	$1,695	$1.30	12d	1	1.32mi
1007 N Menze St Casa Grande, AZ	4.0	2.0	1539	$1,580	$1.03	5d	1	1.32mi
1858 N Center Ave Casa Grande, AZ	2.0	2.0	1146	$1,500	$1.31	24d	1	1.36mi
1846 N Princeton Ave Casa Grande, AZ	4.0	2.0	1786	$1,750	$0.98	4d	1	1.42mi
767 W Barrus Dr Casa Grande, AZ	3.0	2.0	1463	$1,695	$1.16	24d	1	1.43mi
1775 N Terrace Cir Casa Grande, AZ	3.0	2.0	1628	$1,699	$1.04	14d	1	1.44mi

Listing history 32 events

1. 2026-06-08
   statusdays on market $190,000 Pending 23 DOM
2. 2026-06-07
   days on market $190,000 Active 22 DOM
3. 2026-06-04
   days on market $190,000 Active 19 DOM
4. 2026-06-03
   days on market $190,000 Active 18 DOM
5. 2026-06-02
   days on market $190,000 Active 17 DOM
6. 2026-06-01
   days on market $190,000 Active 16 DOM
7. 2026-05-31
   days on market $190,000 Active 15 DOM
8. 2026-05-22
   status Active
9. 2026-05-18
   status Pending
10. 2026-05-05
    listed $190,000 Active
11. 2026-04-27
    historical
12. 2026-04-27
    historical
13. 2026-04-07
    price $211,000
14. 2026-04-07
    price $211,000
15. 2026-04-01
    status Active
16. 2026-04-01
    status Active
17. 2026-04-01
    historical
18. 2026-04-01
    historical
19. 2026-03-25
    price $220,000
20. 2026-03-25
    price $220,000
21. 2026-03-06
    price $227,700
22. 2026-03-06
    listed $227,700 Active
23. 2026-03-02
    price $237,000
24. 2026-02-19
    listed $240,000 Active
25. 2008-09-08
    historical
26. 2008-03-07
    listed $135,000
27. 2003-08-22
    soldstatus $92,300
28. 2001-01-02
    soldstatus $87,000
29. 2000-12-05
    soldstatus $87,000
30. 2000-10-16
    historical
31. 2000-07-10
    listed $87,000
32. 1999-05-20
    soldstatus $88,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast AZ · Resets to sale price

• Current annual tax: $758 · $63/mo
• Projected year-2 tax: $1,254 · $104/mo
• Expected delta: +$496/yr (+$41/mo · 65.5%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

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 7 d/yr ≥113°F today · 19 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: $25,019
• − Mortgage interest: −$10,643
• − Property taxes: −$758
• − Insurance: −$950
• − Repairs & maintenance: −$2,002
• − Management: −$2,002
• − Depreciation: −$5,527
• Taxable income: $3,138
• Est. tax owed @ 24.0%: −$753
• After-tax cash flow: $5,348/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: 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

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 · 399,947 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: 1250.0

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: 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: —

Market trends

• HPI YoY: ▼ -67.32%
• Current HPI: 233.148
• Rent YoY: ▲ 4.60%
• 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

+115.9% since first listed

25 events — show timeline

• 2026-05-22 Relisted — ARMLS
• 2026-05-18 Pending — ARMLS
• 2026-05-05 Listed $190,000 ARMLS
• 2026-04-27 Listing Removed — MLSSAZ
• 2026-04-27 Listing Removed — ARMLS
• 2026-04-07 Price Changed $211,000 MLSSAZ
• 2026-04-07 Price Changed $211,000 ARMLS
• 2026-04-01 Relisted — ARMLS
• 2026-04-01 Relisted — MLSSAZ
• 2026-04-01 Listing Removed — MLSSAZ
• 2026-04-01 Listing Removed — ARMLS
• 2026-03-25 Price Changed $220,000 MLSSAZ
• 2026-03-25 Price Changed $220,000 ARMLS
• 2026-03-06 Price Changed $227,700 ARMLS
• 2026-03-06 Listed $227,700 MLSSAZ
• 2026-03-02 Price Changed $237,000 ARMLS
• 2026-02-19 Listed $240,000 ARMLS
• 2008-09-08 Listing Removed — ARMLS
• 2008-03-07 Listed $135,000 ARMLS
• 2003-08-22 Sold (Public Records) $92,300 Public Records
• 2001-01-02 Sold (MLS) $87,000 ARMLS
• 2000-12-05 Sold (Public Records) $87,000 Public Records
• 2000-10-16 Listing Removed — ARMLS
• 2000-07-10 Listed $87,000 ARMLS
• 1999-05-20 Sold (Public Records) $88,000 Public Records

Property tax history

+0.6%/yr

Latest (2025): $758 · +6.7% YoY. Source: county tax records.