10701 N 99th Ave #162 · Peoria, AZ 85345

$43,000

2 bd · 1.0 ba · 1,009 sqft · Manufactured · 76 Days on market

Built 1969 Good condition $43/sqft · 25% below area Est $58k · 25% under ↓ 4% since listing

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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 +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Condition / age +4.0/5.0
• Livability +3.8/5.0
• Schools +3.5/10.0
• Rent growth +2.7/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Apollo Village is just 1 mile from shopping & dining, & 2 miles from medical facilities. With its perfect location and great amenities, the only thing it's lacking is you! Terrific age qualified community for people 55 and older, with a small town feel! Very well maintained 2 bedroom, 1 bath home, with large bonus room. Upgrades include: New AC & heater 2024, New water heater 2023, New carpet 2023, New washing machine 2026, New dryer 2024. New refrigerator 2024, New dishwasher 2023. Roof recoated Dec 2025. All air ducts cleaned in 2025. Lot rent is $891 a month. RV storage for an additional fee. Pet friendly with many community activities. Light & bright, great energy, fun vibes, storage space galore, ceiling fans, built-in microwave & gas cooktop. Some furnishings available.

Key facts

• Garage
• Community pool
• Built 1969

🏷️ Possibly a rental listed for sale. The $43,000 price doesn't fit this home's estimated sale value (~$57,500) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $43k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $1k ($12k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $43k).
• Recommended offer: $40k (6.0% below list) — sets the bar for market timing.
• Cap rate 34.3% vs local median 3.3% in Peoria — 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 76/100 on livability (#14 in AZ, #3,603 nationally) — a middle-class / working-renter tenant base. Strengths: housing A+, commute A, employment A; Watch: cost of living C-, amenities D, health & safety F.
• Peoria Unified School District (4237) (suburban): math 36% / reading 42% proficiency, ranked #64 of 249 in AZ (top 26%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents flat; 333 active listings in the ZIP; 30 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 36,011 units permitted in Maricopa County in 2024 (12,801 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $297 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• Maricopa County population projected at +38% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 0.6% rent growth), your $12k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 76 days — a 6% lower offer ($40k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $40,420 (6.0% below list)

Questions for the listing agent

1. It's been on market 76 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1969 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 3.83% ✓
• Cap rate: 34.30%
• Cash-on-cash: 100.02%
• DSCR: 5.45
• GRM: 2.2

CMA / ARV

• ARV (median comp): $57,500
• List price: $43,000
• Delta: -25.22%
• 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
10701 N 99th Ave #136	0.03mi	2/2.0	1,020 (+1%)	6mo	$55,000	$54	88
10701 N 99th Ave #159	0.03mi	2/2.0	1,040 (+3%)	3mo	$22,000	$21	87
10701 N 99th Ave #63	0.05mi	2/1.5	1,032 (+2%)	7mo	$25,000	$24	86
11275 N 99th Ave #215	0.12mi	2/2.0	1,066 (+6%)	7mo	$262,000	$246	75
11275 N 99th Ave #10	0.28mi	2/2.0	1,066 (+6%)	7mo	$250,000	$235	68
10201 N 99th Ave Unit 49B	0.49mi	2/2.0	896 (-11%)	0mo	$19,000	$21	54
11000 N 91st Ave #84	0.71mi	3/1.0 (+1)	980 (-3%)	4mo	$60,000	$61	53
10201 N 99th Ave Unit 135F	0.45mi	2/2.0	896 (-11%)	6mo	$17,500	$20	52
10201 N 99th Ave #44	0.49mi	2/2.0	896 (-11%)	6mo	$28,500	$32	49
10201 N 99th Ave #49	0.45mi	2/1.8	896 (-11%)	10mo	$19,000	$21	49
11275 N 99th Ave #1	0.31mi	3/2.0 (+1)	1,152 (+14%)	8mo	$210,000	$182	46
10810 N 91st Ave #45	0.66mi	3/2.0 (+1)	896 (-11%)	3mo	$80,000	$89	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 · 0.62% rent growth · sell at horizon

5-year hold

• IRR: 98.4%
• Equity multiple: 5.41×
• Total profit: $53,118
• Equity at exit: $6,411

10-year hold

• IRR: —
• Equity multiple: 10.43×
• Total profit: $113,586
• Equity at exit: $3,718

Cash invested: $12,040 (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 85345

• Home prices YoY: -19.8%
• Rents YoY: 0.6%
• Active inventory: 333
• Price-to-rent: 2.2×

Monthly cashflow live

• Estimated rent: $1,646 high
• Mortgage (P&I): −$225
• Tax est. 1.5%: −$54 /mo · $645/yr
• Insurance: −$18
• HOA: −$0
• Vacancy / Maint / Mgmt: −$346
• Net cashflow: $1,003

Break-even live

Break-even rent $376

Max offer price $43,000

Occupancy floor 34%

Sensitivity live

Price	-10% $1,033	-5% $1,018	+0% $1,003	+5% $989	+10% $974
Rent	-10% $873	-5% $938	+0% $1,003	+5% $1,069	+10% $1,134
Rate	-1.0pp $1,025	-0.5pp $1,014	base $1,003	+0.5pp $992	+1.0pp $981

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: $10,750
• Closing costs: $1,290
• Reserves months: —
• Total cash needed: —

Rent comps 30 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
10701 N 99th Ave Unit 230 Peoria, AZ	2.0	2.0	784	$1,099	$1.40	21d	1	0.03mi
10822 N Balboa Dr Sun City, AZ	2.0	1.0	942	$3,000	$3.18	25d	1	0.33mi
10316 N 94th Ln Peoria, AZ	3.0	2.0	1352	$2,000	$1.48	25d	1	0.51mi
10110 N 97th Dr Unit A Peoria, AZ	2.0	1.5	1025	$1,500	$1.46	25d	1	0.57mi
9426 W Monroe St Peoria, AZ	3.0	3.5	1405	$1,800	$1.28	17d	1	0.61mi
10104 N 96th Dr Unit A Peoria, AZ	2.0	2.0	1072	$1,750	$1.63	25d	1	0.63mi
9626 W Mountain View Rd Unit A Peoria, AZ	2.0	2.0	1156	$1,500	$1.30	44d	1	0.76mi
9323 W Ironwood Dr Peoria, AZ	3.0	2.0	1306	$1,985	$1.52	25d	1	0.85mi
9323 W Ironwood Dr Peoria, AZ	3.0	2.0	1306	$2,085	$1.60	44d	1	0.85mi
11411 N 91st Ave Unit 134 Peoria, AZ	3.0	2.0	1310	$1,599	$1.22	44d	1	0.90mi
11411 N 91st Ave Unit 213 Peoria, AZ	2.0	2.0	858	$1,399	$1.63	25d	1	0.96mi
10350 W Camden Ave Sun City, AZ	2.0	2.0	1413	$2,850	$2.02	25d	1	0.99mi
10101 N 91st Ave #109 Peoria, AZ	2.0	2.5	1161	$1,395	$1.20	3d	1	1.05mi
8930 W Monroe St Peoria, AZ	3.0	2.0	1300	$2,099	$1.61	25d	1	1.06mi
8930 W Monroe St Peoria, AZ	3.0	2.0	1300	$1,899	$1.46	44d	2	1.06mi
9002 W Malapai Dr Peoria, AZ	3.0	2.0	1270	$2,040	$1.61	21d	1	1.10mi
12751 N Plaza Del Rio Blvd Peoria, AZ	1.0–2.0	1.0–2.0	1007	$1,890	$1.88	2d	10	1.12mi
9680 W Olive Ave Peoria, AZ	1.0–3.0	1.0–2.0	850	$1,540	$1.81	3d	9	1.14mi
8821 W Sahuaro Dr Peoria, AZ	3.0	2.0	1074	$1,595	$1.49	25d	1	1.15mi
8821 W Sahuaro Dr Peoria, AZ	3.0	2.0	1074	$1,595	$1.49	3d	1	1.15mi
10319 W Oakmont Dr Sun City, AZ	2.0	2.0	1274	$2,900	$2.28	25d	1	1.21mi
10221 N 87th Ln Peoria, AZ	3.0	2.0	1232	$2,059	$1.67	44d	1	1.28mi
9625 W Olive Ave Peoria, AZ	1.0–3.0	1.0–3.0	1485	$2,136	$1.44	6d	7	1.33mi
8834 W Purdue Ave Peoria, AZ	3.0	2.0	1319	$1,800	$1.36	4d	1	1.33mi
8650 W Peoria Ave Peoria, AZ	1.0–2.0	1.0–2.0	836	$1,492	$1.78	3d	19	1.38mi
8560 W Peoria Ave Peoria, AZ	2.0	1.0	888	$1,450	$1.63	2d	8	1.46mi
8940 W Olive Ave Peoria, AZ	2.0	2.0	897	$1,400	$1.56	17d	1	1.49mi
8940 W Olive Ave Peoria, AZ	2.0	2.0	1446	$1,600	$1.11	44d	1	1.49mi
10860 N 85th Ave Peoria, AZ	1.0–2.0	1.0	630	$1,350	$2.14	4d	1	1.49mi
10860 N 85th Ave Peoria, AZ	2.0	1.0	780	$1,225	$1.57	44d	1	1.49mi

Listing history 17 events

1. 2026-06-21
   days on market $43,000 Active 76 DOM
2. 2026-06-18
   days on market $43,000 Active 73 DOM
3. 2026-06-17
   days on market $43,000 Active 72 DOM
4. 2026-06-16
   days on market $43,000 Active 71 DOM
5. 2026-06-15
   days on market $43,000 Active 70 DOM
6. 2026-06-13
   days on market $43,000 Active 68 DOM
7. 2026-06-13
   days on market $43,000 Active 67 DOM
8. 2026-06-09
   days on market $43,000 Active 64 DOM
9. 2026-06-08
   days on market $43,000 Active 63 DOM
10. 2026-06-07
    days on market $43,000 Active 62 DOM
11. 2026-06-04
    days on market $43,000 Active 59 DOM
12. 2026-06-03
    days on market $43,000 Active 58 DOM
13. 2026-06-02
    days on market $43,000 Active 57 DOM
14. 2026-06-01
    days on market $43,000 Active 56 DOM
15. 2026-05-31
    days on market $43,000 Active 55 DOM
16. 2026-05-07
    price $43,000 806-char remark

    Show marketing remark (806 chars)

    Apollo Village is just 1 mile from shopping & dining, & 2 miles from medical facilities. With its perfect location and great amenities, the only thing it's lacking is you! Terrific age qualified community for people 55 and older, with a small town feel! Very well maintained 2 bedroom, 1 bath home, with large bonus room. Upgrades include: New AC & heater 2024, New water heater 2023, New carpet 2023, New washing machine 2026, New dryer 2024. New refrigerator 2024, New dishwasher 2023. Roof recoated Dec 2025. All air ducts cleaned in 2025. Lot rent is $891 a month. RV storage for an additional fee. Pet friendly with many community activities. Light & bright, great energy, fun vibes, storage space galore, ceiling fans, built-in microwave & gas cooktop. Some furnishings available.

17. 2026-04-06
    listed $45,000 Active 806-char remark

    Show marketing remark (806 chars)

    Apollo Village is just 1 mile from shopping & dining, & 2 miles from medical facilities. With its perfect location and great amenities, the only thing it's lacking is you! Terrific age qualified community for people 55 and older, with a small town feel! Very well maintained 2 bedroom, 1 bath home, with large bonus room. Upgrades include: New AC & heater 2024, New water heater 2023, New carpet 2023, New washing machine 2026, New dryer 2024. New refrigerator 2024, New dishwasher 2023. Roof recoated Dec 2025. All air ducts cleaned in 2025. Lot rent is $891 a month. RV storage for an additional fee. Pet friendly with many community activities. Light & bright, great energy, fun vibes, storage space galore, ceiling fans, built-in microwave & gas cooktop. Some furnishings available.

ⓘ 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 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥113°F today · 17 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: $19,757
• − Mortgage interest: −$2,409
• − Property taxes: −$645
• − Insurance: −$215
• − Repairs & maintenance: −$1,581
• − Management: −$1,581
• − Depreciation: −$1,251
• Taxable income: $12,076
• Est. tax owed @ 24.0%: −$2,898
• After-tax cash flow: $9,144/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 · 1 photo

Good 80/100 Cosmetic rehab

This well-maintained manufactured home in Apollo Village is move-in ready with recent upgrades and a great location.

Value-add opportunities

• Both Paint exterior — Enhances curb appeal and resale value
• Both Replace awnings — Improves curb appeal and rental value
• Both Upgrade kitchen appliances — Modernizes the space and increases appeal

Renovation cost estimate screening

Value-add ROI direction

• Both Paint exterior — Enhances curb appeal and resale value ↑
• Both Replace awnings — Improves curb appeal and rental value ↑
• Both Upgrade kitchen appliances — Modernizes the space and increases appeal ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Peoria Unified School District (4237)
• NCES district ID: 0406250
• Math proficiency: 36% ▼ -14.00%
• Reading proficiency: 42% ▼ -8.00%
• Median HH income: $60,171
• Composite: 34.62/100
• National rank: #5152
• State rank: #64 of 249 in AZ

Livability — Peoria

• Score: 76/100
• State rank: #14
• US rank: #3603

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Peoria, AZ
• County: Maricopa County · 4,537,380 people
• City population: 206,687
• Metro: Phoenix-Mesa-Chandler, AZ
• Population (ZIP): 60,918
• Household income: $67,380
• Rent vs Own: 33.5% rent · 66.5% own
• Severe rent burden: 1879.0

Population outlook (Maricopa County) Hauer SSP2

• Today (2025): 4,979,203 people
• By 2030: 5,378,229 · +8.0%
• By 2040: 6,156,598 · +23.6%
• By 2050: 6,872,376 · +38.0%
• By 2075: 8,401,270 · +68.7%
• By 2100: 9,247,439 · +85.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.62)
• Race & ethnicity: White 51% Hispanic / Latino 34% Two or more races 14% Black 5% Asian 4% Native American 2%
• Hispanic origin (detail): Mexican 29%
• Common ancestry: Romanian 2% Italian 2% Slovak 1%
• Foreign-born: 13% · Canada, Vietnam
• Languages at home: 76% English-only · Spanish 18% Other Indo-European 1% Vietnamese 1%

Political lean MEDSL · Maricopa

• 2024 margin: Toss-up / Even · D 47.7% · R 51.2% · Other 1.1%
• 2008→2024 swing: +7.1pp toward D · 2008: -10.6pp · 2024: -3.5pp
• All cycles: 2024: R+3.5 2020: D+2.2 2016: R+3.5 2012: R+12.0 2008: R+10.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -80.77%
• Current HPI: 328.1069
• Rent YoY: ▲ 0.62%
• 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

-4.4% since first listed

2 events — show timeline

• 2026-05-07 Price Changed $43,000 ARMLS
• 2026-04-06 Listed $45,000 ARMLS