747 E Germann Rd #15 · San Tan Valley, AZ 85140

$75,000

2 bd · 1.0 ba · 900 sqft · Manufactured · 223 Days on market

Built 1972 Est $65k · 16% over ↓ 19% since listing

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Rent growth +2.9/5.0
• Livability +2.7/5.0
• Schools +2.6/10.0
• Condition / age +2.5/5.0
• ARV discount +0.4/15.0
• Appreciation +0.0/10.0

Listing remarks

Welcome home to this stunning remodeled 2 bedroom 1 bath home in the Gated Active Adult Community of Pleasant Valley with LOW Lot Rent that includes septic, trash & water. New Roof with a 25 year warranty, New flooring, walls, and electrical. Newer AC with a 3 year service warranty. Great flex entertainment space with mini fridge. and large living space with a sliding glass doors that leads out to your new deck. Close to the SR-24. Safeway, Frys and just a 15 min drive to Queen Creek marketplace. The community consists of a pool, heated spa, clubhouse, and more fun activities! This gem awaits for you!

Key facts

• New flooring
• Sliding glass doors
• New electrical

Tags

• NEW ROOF WITH WARRANTY
• NEW FLOORING
• NEW ELECTRICAL
• NEWER AC WITH WARRANTY
• FLEX ENTERTAINMENT SPACE
• SLIDING GLASS DOORS

Property features AI

Finance

• Other: Building area reported by owner
• HOA & community: Land lease ($740 monthly); Association covers grounds and street maintenance; Community pool; Heated community spa

Exterior

• Parking: 2 covered parking spaces; 2 open parking spaces; 2 carport spaces
• Utilities: City water; Septic (connected)
• Home design: Manufactured/mobile home; Leasehold ownership
• Construction: Wood frame construction; Painted exterior; Metal roof
• Exterior features: Desert front and back landscaping; Block fencing; City-maintained road

Interior

• Kitchen: Built-in microwave; Refrigerator; Disposal
• Bedrooms: 2 possible bedrooms
• Flooring: Laminate flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Electric heating; Central air conditioning
• Interior features: High-speed internet; Eat-in kitchen; Breakfast bar; 3/4 bathroom in master bedroom

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $75k.

Deal economics

• At list price, monthly cash flow is $807 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $75k).
• Recommended offer: $66k (12.0% below list) — sets the bar for market timing.
• Cap rate 19.2% vs local median 3.2% in San Tan Valley — 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 54/100 on livability (#282 in AZ) — a working-class tenant base; expect higher turnover. Strengths: housing A+, employment B+; Watch: crime D+, amenities F, commute F.
• J O Combs Unified School District (4445) (rural): math 27% / reading 30% proficiency, ranked #109 of 249 in AZ (top 44%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Combs Traditional Academy (math 52% / reading 47%, grade D, #271 of 1,109 statewide, top 26%, 227 students, 41% FRL); Combs Center For Success Middle School (1 students, 0% FRL); Combs High School (math 25% / reading 31%, grade F, #136 of 381 statewide, top 36%, 1,356 students, 37% FRL).
• Market conditions: Rents rising (+1.7%/yr); 823 active listings in the ZIP; solid renter incomes; 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 $519 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 1.7% rent growth), your $21k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 223 days — a 12% lower offer ($66k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $10k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $66,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 223 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1972 — 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 D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. 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?
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: 2.24% ✓
• Cap rate: 19.20%
• Cash-on-cash: 46.11%
• DSCR: 3.05
• GRM: 3.7

CMA / ARV

• ARV (on-the-fly): $64,800
• Comps found: 8

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
747 E Germann Rd #81	0.00mi	2/1.0	900 (0%)	14mo	$65,000	$72	88
747 E Germann Rd #109	0.11mi	2/1.5	960 (+7%)	1mo	$55,000	$57	81
747 E Germann Rd #9	0.11mi	2/2.0	960 (+7%)	5mo	$85,000	$89	76
747 E Germann Rd #72	0.16mi	2/2.0	900 (0%)	17mo	$88,900	$99	74
747 E Germann Rd #5	0.11mi	2/2.0	960 (+7%)	9mo	$70,000	$73	72
747 E Germann Rd #99	0.11mi	2/1.5	780 (-13%)	1mo	$50,000	$64	70
437 E Germann Rd #24	0.24mi	2/1.0	800 (-11%)	13mo	$51,000	$64	60
747 E Germann Rd #10	0.16mi	2/1.0	784 (-13%)	22mo	$19,500	$25	52

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 · 1.7% rent growth · sell at horizon

5-year hold

• IRR: 41.9%
• Equity multiple: 2.77×
• Total profit: $37,096
• Equity at exit: $11,183

10-year hold

• IRR: 47.4%
• Equity multiple: 5.28×
• Total profit: $89,920
• Equity at exit: $6,485

Cash invested: $21,000 (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 85140

• Home prices YoY: -33.1%
• Rents YoY: 1.7%
• Active inventory: 823
• Price-to-rent: 3.7×

Monthly cashflow live

• Estimated rent: $1,677 medium
• Mortgage (P&I): −$393
• Tax est. 1.5%: −$94 /mo · $1,125/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$352
• Net cashflow: $807

Break-even live

Break-even rent $656

Max offer price $75,000

Occupancy floor 47%

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: $18,750
• Closing costs: $2,250
• Reserves months: —
• Total cash needed: —

Listing history 18 events

1. 2026-06-18
   days on market $75,000 Active 223 DOM
2. 2026-06-17
   days on market $75,000 Active 222 DOM
3. 2026-06-16
   days on market $75,000 Active 221 DOM
4. 2026-06-15
   days on market $75,000 Active 220 DOM
5. 2026-06-13
   days on market $75,000 Active 218 DOM
6. 2026-06-13
   days on market $75,000 Active 217 DOM
7. 2026-06-09
   days on market $75,000 Active 214 DOM
8. 2026-06-08
   days on market $75,000 Active 213 DOM
9. 2026-06-07
   days on market $75,000 Active 212 DOM
10. 2026-06-04
    days on market $75,000 Active 209 DOM
11. 2026-06-03
    days on market $75,000 Active 208 DOM
12. 2026-06-02
    days on market $75,000 Active 207 DOM
13. 2026-06-01
    days on market $75,000 Active 206 DOM
14. 2026-05-31
    days on market $75,000 Active 205 DOM
15. 2026-03-25
    price $75,000
16. 2025-11-07
    listed $85,000 Active
17. 2025-10-31
    historical
18. 2025-05-21
    listed $92,500 Active

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

Taxation est. · year 1

• Rental income: $20,129
• − Mortgage interest: −$4,201
• − Property taxes: −$1,125
• − Insurance: −$375
• − Repairs & maintenance: −$1,610
• − Management: −$1,610
• − Depreciation: −$2,182
• Taxable income: $9,026
• Est. tax owed @ 24.0%: −$2,166
• After-tax cash flow: $7,516/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: J O Combs Unified School District (4445)
• NCES district ID: 0403990
• Math proficiency: 27% ▼ -10.00%
• Reading proficiency: 30% ▼ -8.00%
• Median HH income: $61,053
• Composite: 26.01/100
• National rank: #7314
• State rank: #109 of 249 in AZ

Livability — San Tan Valley

• Score: 54/100
• State rank: #282
• US rank: #24192

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: San Tan Valley, AZ
• County: Pinal County · 399,947 people
• City population: 95,704
• Metro: Phoenix-Mesa-Chandler, AZ
• Population (ZIP): 51,260
• Household income: $101,477
• Rent vs Own: 14.2% rent · 85.8% own
• Severe rent burden: 389.0

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 (67%)
• Race & ethnicity: White 67% Hispanic / Latino 20% Two or more races 9% Black 4% Native American 4% Asian 2%
• Hispanic origin (detail): Mexican 16%
• Common ancestry: Romanian 3% Lithuanian 3% Slovak 2%
• Foreign-born: 6% · Canada
• Languages at home: 87% English-only · Spanish 10% Other Asian/Pacific 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: ▼ -132.81%
• Current HPI: 268.1579
• Rent YoY: ▲ 1.70%
• 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

-18.9% since first listed

4 events — show timeline

• 2026-03-25 Price Changed $75,000 ARMLS
• 2025-11-07 Listed $85,000 ARMLS
• 2025-10-31 Listing Removed — ARMLS
• 2025-05-21 Listed $92,500 ARMLS