16528 N 181st Dr · Surprise, AZ
Flood risk 3/10 · Minor
- FEMA flood zone
- X (shaded)
- Chance of flooding over 30 yrs
- 0.12%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 5/10 · Moderate
- Est. fire insurance / yr
- $610 – $1,132
Heat risk 9/10 · Severe
- Hot days now (above 112°F)
- 7 days/yr
- Hot days in 30 yrs
- 17 days/yr
Wind risk 1/10 · Minimal
- Chance of severe wind over 30 yrs
- —
Air-quality risk 2/10 · Minimal
- Unhealthy air days now
- 0 days/yr
- Unhealthy air days in 30 yrs
- 1 days/yr
Risk factors via First Street. Map © Google.
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).
- ARV discount +11.9/15.0
- Cash flow +7.4/30.0
- Appreciation +5.1/10.0
- Livability +3.7/5.0
- Schools +3.3/10.0
- Condition / age +2.5/5.0
- Rent growth +2.4/5.0
- DSCR +1.5/10.0
- 1% rule +1.2/10.0
$410,000
🖨 Deal sheet 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Exquisitely upgraded home in the heart of Surprise Farms! Corner lot with beautiful greenbelt out front of home. This spacious 4-bedroom plus den layout offers the perfect blend of comfort, style, and functionality. The chef's kitchen features beautiful cabinetry, granite countertops, a center island, double ovens, a gas cooktop, and a walk-in pantry ideal for entertaining or family gatherings. The primary suite provides a serene retreat with dual vanities, a soaking tub, separate shower, and a generous walk-in closet. Step outside to a gorgeous backyard with a pavered patio, mature landscaping, and low-maintenance artificial turf perfect for relaxing or entertaining in style.
Key facts
- Pavered patio
- Mature landscaping
- Artificial turf
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 4-bed/3.0-bath single-family listed at $410k.
Deal economics
- At list price, monthly cash flow is $-535 ($-6k/yr) — negative.
- To cash-flow at today's rent, offer at most $315k (23.1% below list).
- To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $256k (37.7% below list).
- Recommended offer: $256k (37.7% below list) — sets the bar for 1% rule.
- Cap rate 4.7% vs local median 3.3% in Surprise — 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 74/100 on livability (#19 in AZ, #4,616 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, employment A-; Watch: health & safety D+, amenities D-, commute F.
- Dysart Unified District (4243) (suburban): math 34% / reading 40% proficiency, ranked #73 of 249 in AZ (top 29%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
- Market conditions: Rents soft (-0.6%/yr); 376 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 40% of comp listings sitting > 30 days — soft ceiling on asking rent; high-income renter base; 36,011 units permitted in Maricopa County in 2024 (12,801 in 5+ unit buildings).
Forward outlook
- In year one you build about $4k of equity ($3k loan paydown + $1k appreciation (0.3% local appreciation)).
- Maricopa County population projected at +38% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
- By year 7, paydown + projected appreciation supports a ~$31k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.
Negotiation context
- It's been on market 131 days — a 12% lower offer ($361k) is reasonable based on typical stale-listing flexibility.
- 10 sale attempts since 8y ago; this cycle's ask has dropped $40k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.
Risks & watch-outs
- Climate carrying-cost: moderate wildfire risk; extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Questions for the listing agent
- What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
- It's been on market 131 days. Have you received any prior offers? Is the seller open to a 38% concession, seller financing, or rate buy-down credit?
- What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
- 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.
- 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?
- 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
- 0.62% ✗
- Cap rate
- 4.73%
- Cash-on-cash
- -5.59%
- DSCR
- 0.75
- GRM
- 13.4
CMA / ARV
- ARV (median comp)
- $454,939
- List price
- $410,000
- Delta
- -9.88%
- Verdict
- FAIR
- Comps
- 20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 18109 W Bridger St | 0.07mi | 4/3.0 | 2,285 (+3%) | 4mo | $450,000 | $197 | 88 |
| 18254 W Young St | 0.12mi | 4/2.0 | 2,089 (-6%) | 2mo | $539,000 | $258 | 80 |
| 16291 N 182nd Ln | 0.15mi | 4/2.0 | 2,089 (-6%) | 5mo | $415,500 | $199 | 75 |
| 16178 N 180th Ln | 0.24mi | 3/2.0 (-1) | 2,103 (-5%) | 0mo | $470,000 | $223 | 71 |
| 18335 W Lundberg St | 0.27mi | 3/2.0 (-1) | 2,024 (-8%) | 2mo | $412,000 | $204 | 63 |
| 17937 W Westpark Blvd | 0.60mi | 4/2.0 | 2,167 (-2%) | 3mo | $469,900 | $217 | 63 |
| 18223 W Paradise Ln | 0.22mi | 3/2.0 (-1) | 1,941 (-12%) | 2mo | $439,900 | $227 | 59 |
| 18349 W Marshall Ln W | 0.39mi | 3/2.5 (-1) | 2,408 (+9%) | 2mo | $599,000 | $249 | 58 |
| 18221 W Carmen Dr | 0.68mi | 4/3.5 | 2,346 (+6%) | 0mo | $450,000 | $192 | 56 |
| 18196 W Ivy Ln | 0.57mi | 3/2.5 (-1) | 2,346 (+6%) | 2mo | $394,000 | $168 | 55 |
| 18472 W Marshall Ln | 0.49mi | 3/2.5 (-1) | 2,408 (+9%) | 3mo | $590,000 | $245 | 53 |
| 18328 W Saguaro Ln | 0.51mi | 4/2.5 | 2,519 (+14%) | 2mo | $388,250 | $154 | 50 |
Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.
Projected returns pro-forma
0.28% appreciation · 0.0% rent growth · sell at horizon
- IRR
- -8.9%
- Equity multiple
- 0.58×
- Total profit
- $-48,185
- Equity at exit
- $124,913
- IRR
- -4.6%
- Equity multiple
- 0.52×
- Total profit
- $-55,233
- Equity at exit
- $154,912
Cash invested: $114,800 (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
ZIP-level market 85388
- Home prices YoY
- 0.1%
- Rents YoY
- -0.6%
- Active inventory
- 376
- Price-to-rent
- 13.4×
Monthly cashflow live
- Estimated rent
- $2,555 high interval (Pro) →
- Mortgage (P&I)
- −$2,150
- Tax from tax record
- −$154 /mo · $1,844/yr
- Insurance
- −$171
- HOA
- −$79
- Vacancy / Maint / Mgmt
- −$537
- Net cashflow
- $-535
Break-even live
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
- $102,500
- Closing costs
- $12,300
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 18188 W Paradise Ln Surprise, AZ | 4.0 | 2.0 | 1941 | $2,200 | $1.13 | 43d | 1 | 0.15mi |
| 18096 W Paradise Ln Surprise, AZ | 4.0 | 3.0 | 2958 | $3,315 | $1.12 | 43d | 1 | 0.18mi |
| 18272 W Bridger St Surprise, AZ | 4.0 | 3.0 | 2285 | $2,145 | $0.94 | 43d | 1 | 0.18mi |
| 16367 N 183rd Dr Surprise, AZ | 3.0 | 2.0 | 2398 | $6,500 | $2.71 | 43d | 1 | 0.19mi |
| 16124 N 180th Ln Surprise, AZ | 4.0 | 2.5 | 2958 | $2,795 | $0.94 | 5d | 1 | 0.24mi |
| 18068 W Rimrock St Surprise, AZ | 3.0 | 2.0 | 2273 | $2,100 | $0.92 | 4d | 1 | 0.24mi |
| 18184 W Saguaro Ln Surprise, AZ | 3.0 | 2.0 | 1682 | $1,895 | $1.13 | 24d | 1 | 0.42mi |
| 18089 W Westpark Blvd Surprise, AZ | 4.0 | 2.5 | 2313 | $2,101 | $0.91 | 24d | 1 | 0.45mi |
| 17774 W Bridger St Surprise, AZ | 3.0 | 2.0 | 2263 | $2,150 | $0.95 | 5d | 1 | 0.50mi |
| 17794 W Rimrock St Surprise, AZ | 3.0 | 2.0 | 1407 | $1,800 | $1.28 | 43d | 1 | 0.51mi |
| 17110 N 184th Dr Surprise, AZ | 4.0 | 2.5 | 2661 | $2,460 | $0.92 | 2d | 1 | 0.52mi |
| 17110 N 184th Dr Surprise, AZ | 4.0 | 2.5 | 2661 | $2,790 | $1.05 | 43d | 1 | 0.52mi |
| 17085 N 184th Ln Surprise, AZ | 3.0 | 2.5 | 1692 | $1,799 | $1.06 | 24d | 1 | 0.52mi |
| 17115 N 185th Dr Surprise, AZ | 3.0 | 2.5 | 2096 | $1,995 | $0.95 | 43d | 1 | 0.58mi |
| 17867 W Westpark Blvd Surprise, AZ | 4.0 | 2.0 | 1767 | $3,500 | $1.98 | 43d | 1 | 0.61mi |
| 17722 W Marshall Ln Surprise, AZ | 4.0 | 2.0 | 1756 | $2,185 | $1.24 | 1d | 1 | 0.61mi |
| 17714 W Marshall Ln Surprise, AZ | 3.0 | 2.0 | 1407 | $1,485 | $1.06 | 18d | 1 | 0.62mi |
| 17325 N 185th Dr Surprise, AZ | 3.0 | 2.5 | 2275 | $2,015 | $0.89 | 43d | 1 | 0.66mi |
| 17421 N 185th Dr Surprise, AZ | 3.0 | 2.5 | 1898 | $1,855 | $0.98 | 12d | 1 | 0.72mi |
| 17610 W Ironwood St Surprise, AZ | 4.0 | 2.0 | 2149 | $2,150 | $1.00 | 4d | 1 | 0.75mi |
| 17932 W Caribbean Ln Surprise, AZ | 4.0 | 2.5 | 2635 | $2,195 | $0.83 | 43d | 1 | 0.77mi |
| 17862 W Caribbean Ln Surprise, AZ | 3.0 | 2.0 | 1766 | $2,600 | $1.47 | 18d | 1 | 0.79mi |
| 17593 N 185th Dr Surprise, AZ | 4.0 | 2.5 | 2661 | $2,695 | $1.01 | 1d | 1 | 0.80mi |
| 17573 W Lundberg St Surprise, AZ | 3.0 | 2.5 | 2255 | $2,290 | $1.02 | 3d | 1 | 0.81mi |
| 17573 W Lundberg St Surprise, AZ | 3.0 | 2.5 | 2255 | $2,265 | $1.00 | 1d | 1 | 0.81mi |
| 17912 W Port au Prince Ln Surprise, AZ | 4.0 | 2.0 | 2151 | $2,155 | $1.00 | 17d | 1 | 0.83mi |
| 17923 W Port au Prince Ln Surprise, AZ | 3.0 | 2.0 | 1610 | $1,900 | $1.18 | 43d | 1 | 0.84mi |
| 18515 W Caribbean Ln Surprise, AZ | 4.0 | 2.0 | 2254 | $2,300 | $1.02 | 5d | 1 | 0.85mi |
| 15225 N 185th Ave Surprise, AZ | 4.0 | 3.5 | 2941 | $5,000 | $1.70 | 21d | 1 | 0.86mi |
| 17818 W Acapulco Ln Surprise, AZ | 4.0 | 2.0 | 1930 | $2,045 | $1.06 | 43d | 1 | 0.88mi |
| 17753 W Caribbean Ln Surprise, AZ | 4.0 | 2.5 | 2453 | $2,245 | $0.92 | 24d | 1 | 0.89mi |
| 17938 W Port Royale Ln Surprise, AZ | 3.0 | 2.0 | 1775 | $2,149 | $1.21 | 5d | 1 | 0.92mi |
| 18374 W Weatherby Dr Surprise, AZ | 5.0 | 3.0 | 2631 | $2,295 | $0.87 | 43d | 1 | 1.00mi |
| 15512 N 174th Ln Surprise, AZ | 3.0 | 2.0 | 2147 | $3,000 | $1.40 | 43d | 1 | 1.06mi |
| 17331 W Saguaro Ln Surprise, AZ | 4.0 | 2.5 | 2403 | $2,295 | $0.96 | 43d | 1 | 1.08mi |
| 17315 W Tara Ln Surprise, AZ | 4.0 | 2.5 | 2379 | $2,500 | $1.05 | 11d | 1 | 1.09mi |
| 17259 W Smokey Dr Surprise, AZ | 4.0 | 2.5 | 2190 | $2,150 | $0.98 | 5d | 1 | 1.10mi |
| 16444 N 172nd Ln Surprise, AZ | 4.0 | 3.0 | 2285 | $2,795 | $1.22 | 11d | 1 | 1.11mi |
| 17272 W Marshall Ln Surprise, AZ | 3.0 | 2.5 | 2004 | $2,085 | $1.04 | 43d | 1 | 1.14mi |
| 17440 W Caribbean Ln Surprise, AZ | 4.0 | 2.5 | 2159 | $2,300 | $1.07 | 2d | 1 | 1.15mi |
HOA detail
- Monthly dues
- $79 · $948/yr
- Likely covers
- gaslandscaping
Listing history 40 events
-
2026-05-08status Pending 686-char remark
Show marketing remark (686 chars)
Exquisitely upgraded home in the heart of Surprise Farms! Corner lot with beautiful greenbelt out front of home. This spacious 4-bedroom plus den layout offers the perfect blend of comfort, style, and functionality. The chef's kitchen features beautiful cabinetry, granite countertops, a center island, double ovens, a gas cooktop, and a walk-in pantry ideal for entertaining or family gatherings. The primary suite provides a serene retreat with dual vanities, a soaking tub, separate shower, and a generous walk-in closet. Step outside to a gorgeous backyard with a pavered patio, mature landscaping, and low-maintenance artificial turf perfect for relaxing or entertaining in style.
-
2026-05-01status Active 686-char remark
Show marketing remark (686 chars)
Exquisitely upgraded home in the heart of Surprise Farms! Corner lot with beautiful greenbelt out front of home. This spacious 4-bedroom plus den layout offers the perfect blend of comfort, style, and functionality. The chef's kitchen features beautiful cabinetry, granite countertops, a center island, double ovens, a gas cooktop, and a walk-in pantry ideal for entertaining or family gatherings. The primary suite provides a serene retreat with dual vanities, a soaking tub, separate shower, and a generous walk-in closet. Step outside to a gorgeous backyard with a pavered patio, mature landscaping, and low-maintenance artificial turf perfect for relaxing or entertaining in style.
-
2026-03-18status Pending 686-char remark
Show marketing remark (686 chars)
Exquisitely upgraded home in the heart of Surprise Farms! Corner lot with beautiful greenbelt out front of home. This spacious 4-bedroom plus den layout offers the perfect blend of comfort, style, and functionality. The chef's kitchen features beautiful cabinetry, granite countertops, a center island, double ovens, a gas cooktop, and a walk-in pantry ideal for entertaining or family gatherings. The primary suite provides a serene retreat with dual vanities, a soaking tub, separate shower, and a generous walk-in closet. Step outside to a gorgeous backyard with a pavered patio, mature landscaping, and low-maintenance artificial turf perfect for relaxing or entertaining in style.
-
2026-03-18price $410,000 686-char remark
Show marketing remark (686 chars)
Exquisitely upgraded home in the heart of Surprise Farms! Corner lot with beautiful greenbelt out front of home. This spacious 4-bedroom plus den layout offers the perfect blend of comfort, style, and functionality. The chef's kitchen features beautiful cabinetry, granite countertops, a center island, double ovens, a gas cooktop, and a walk-in pantry ideal for entertaining or family gatherings. The primary suite provides a serene retreat with dual vanities, a soaking tub, separate shower, and a generous walk-in closet. Step outside to a gorgeous backyard with a pavered patio, mature landscaping, and low-maintenance artificial turf perfect for relaxing or entertaining in style.
-
2026-03-13price $399,000 686-char remark
Show marketing remark (686 chars)
Exquisitely upgraded home in the heart of Surprise Farms! Corner lot with beautiful greenbelt out front of home. This spacious 4-bedroom plus den layout offers the perfect blend of comfort, style, and functionality. The chef's kitchen features beautiful cabinetry, granite countertops, a center island, double ovens, a gas cooktop, and a walk-in pantry ideal for entertaining or family gatherings. The primary suite provides a serene retreat with dual vanities, a soaking tub, separate shower, and a generous walk-in closet. Step outside to a gorgeous backyard with a pavered patio, mature landscaping, and low-maintenance artificial turf perfect for relaxing or entertaining in style.
-
2026-01-10price $446,990 686-char remark
Show marketing remark (686 chars)
Exquisitely upgraded home in the heart of Surprise Farms! Corner lot with beautiful greenbelt out front of home. This spacious 4-bedroom plus den layout offers the perfect blend of comfort, style, and functionality. The chef's kitchen features beautiful cabinetry, granite countertops, a center island, double ovens, a gas cooktop, and a walk-in pantry ideal for entertaining or family gatherings. The primary suite provides a serene retreat with dual vanities, a soaking tub, separate shower, and a generous walk-in closet. Step outside to a gorgeous backyard with a pavered patio, mature landscaping, and low-maintenance artificial turf perfect for relaxing or entertaining in style.
-
2025-11-21price $447,990 686-char remark
Show marketing remark (686 chars)
Exquisitely upgraded home in the heart of Surprise Farms! Corner lot with beautiful greenbelt out front of home. This spacious 4-bedroom plus den layout offers the perfect blend of comfort, style, and functionality. The chef's kitchen features beautiful cabinetry, granite countertops, a center island, double ovens, a gas cooktop, and a walk-in pantry ideal for entertaining or family gatherings. The primary suite provides a serene retreat with dual vanities, a soaking tub, separate shower, and a generous walk-in closet. Step outside to a gorgeous backyard with a pavered patio, mature landscaping, and low-maintenance artificial turf perfect for relaxing or entertaining in style.
-
2025-11-13$449,990 Active 686-char remark
Show marketing remark (686 chars)
Exquisitely upgraded home in the heart of Surprise Farms! Corner lot with beautiful greenbelt out front of home. This spacious 4-bedroom plus den layout offers the perfect blend of comfort, style, and functionality. The chef's kitchen features beautiful cabinetry, granite countertops, a center island, double ovens, a gas cooktop, and a walk-in pantry ideal for entertaining or family gatherings. The primary suite provides a serene retreat with dual vanities, a soaking tub, separate shower, and a generous walk-in closet. Step outside to a gorgeous backyard with a pavered patio, mature landscaping, and low-maintenance artificial turf perfect for relaxing or entertaining in style.
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2025-11-06historical $2,200
-
2025-11-05historical
-
2025-10-11price $439,000
-
2025-10-09price $2,200
-
2025-10-03price $445,000
-
2025-09-16$2,500
-
2025-08-19price $455,000
-
2025-07-24price $463,000
-
2025-07-07$467,000 Active
-
2023-05-02soldstatus $439,900 Closed
-
2023-05-02soldstatus $439,900
-
2023-04-01status Pending
-
2023-03-23price $439,900
-
2023-03-16status Active
-
2023-03-16price $475,000
-
2023-03-03historical
-
2023-02-25price $485,000
-
2023-02-09$499,900 Active
-
2020-08-27soldstatus $324,900 Closed
-
2020-08-27soldstatus $324,900
-
2020-07-27historical Under Contract Accepting Backups
-
2020-07-15$324,900 Active
-
2020-07-09historical
-
2020-07-06$319,900 Active
-
2020-03-03historical
-
2020-03-01$314,900 Active
-
2018-05-25soldstatus $280,000 Closed
-
2018-05-23soldstatus $280,000
-
2018-04-20historical Under Contract Accepting Backups
-
2018-04-11price $280,000
-
2018-04-07price $286,500
-
2018-03-30$289,500 Active
ⓘ 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
- $1,844 · $154/mo
- Projected year-2 tax
- $2,706 · $226/mo
- Expected delta
- +$862/yr (+$72/mo · 46.7%)
ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.
Climate risk First Street
- Flood 3/10 Moderate FEMA zone X (shaded) · 12% chance over 30 yrs
- Wildfire 5/10 Major
- Heat 9/10 Extreme 7 d/yr ≥112°F today · 17 d/yr by 30 yrs out
- Wind 1/10 Low
- Air quality 2/10 Low 0 unhealthy d/yr today · 1 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
- $30,661
- − Mortgage interest
- −$22,966
- − Property taxes
- −$1,844
- − Insurance
- −$2,050
- − Repairs & maintenance
- −$2,453
- − Management
- −$2,453
- − HOA
- −$948
- − Depreciation
- −$11,927
- Taxable loss
- −$13,981
- Est. tax savings @ 24.0%
- +$3,355
- After-tax cash flow
- $-3,066/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
- Dysart Unified District (4243)
- NCES district ID
- 0402690
- Math proficiency
- 34% ▼ -10.00%
- Reading proficiency
- 40% ▼ -5.00%
- Median HH income
- $58,033
- Composite
- 32.76/100
- National rank
- #5634
- State rank
- #73 of 249 in AZ
Livability — Surprise
- Score
- 74/100
- State rank
- #19
- US rank
- #4616
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Surprise, AZ
- County
- Maricopa County · 4,537,380 people
- City population
- 160,031
- Metro
- Phoenix-Mesa-Chandler, AZ
- Population (ZIP)
- 35,369
- Household income
- $112,164
- Rent vs Own
- Severe rent burden
- 224.0
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 0.57)
- Race & ethnicity
- White 61% Hispanic / Latino 22% Two or more races 12% Black 6% Asian 2% Native American 1%
- Hispanic origin (detail)
- Mexican 16%
- Common ancestry
- Romanian 3% Italian 3% Portuguese 2%
- Foreign-born
- 8% · Canada
- Languages at home
- 88% English-only · Spanish 7% Russian/Polish/Slavic 2% Tagalog/Filipino 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
- ▲ 0.28%
- Current HPI
- 272.9859
- Rent YoY
- ▼ -0.57%
- 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 |
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| Mining / Metals | 1 | $23B |
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| Environmental Services | 1 | $16B |
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| Metals / Steel | 1 | $14B |
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| Technology Distribution | 1 | $9B |
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| Homebuilding | 1 | $8B |
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Price history
+41.6% since first listed40 events — show timeline
- 2026-05-08 Pending — ARMLS
- 2026-05-01 Relisted — ARMLS
- 2026-03-18 Pending — ARMLS
- 2026-03-18 Price Changed $410,000 ARMLS
- 2026-03-13 Price Changed $399,000 ARMLS
- 2026-01-10 Price Changed $446,990 ARMLS
- 2025-11-21 Price Changed $447,990 ARMLS
- 2025-11-13 Listed $449,990 ARMLS
- 2025-11-06 Rental Removed $2,200 ARMLS
- 2025-11-05 Listing Removed — ARMLS
- 2025-10-11 Price Changed $439,000 ARMLS
- 2025-10-09 Price Changed $2,200 ARMLS
- 2025-10-03 Price Changed $445,000 ARMLS
- 2025-09-16 Listed for Rent $2,500 ARMLS
- 2025-08-19 Price Changed $455,000 ARMLS
- 2025-07-24 Price Changed $463,000 ARMLS
- 2025-07-07 Listed $467,000 ARMLS
- 2023-05-02 Sold (Public Records) $439,900 Public Records
- 2023-05-02 Sold (MLS) $439,900 ARMLS
- 2023-04-01 Pending — ARMLS
- 2023-03-23 Price Changed $439,900 ARMLS
- 2023-03-16 Relisted — ARMLS
- 2023-03-16 Price Changed $475,000 ARMLS
- 2023-03-03 Listing Removed — ARMLS
- 2023-02-25 Price Changed $485,000 ARMLS
- 2023-02-09 Listed $499,900 ARMLS
- 2020-08-27 Sold (Public Records) $324,900 Public Records
- 2020-08-27 Sold (MLS) $324,900 ARMLS
- 2020-07-27 Contingent — ARMLS
- 2020-07-15 Listed $324,900 ARMLS
- 2020-07-09 Listing Removed — ARMLS
- 2020-07-06 Listed $319,900 ARMLS
- 2020-03-03 Listing Removed — ARMLS
- 2020-03-01 Listed $314,900 ARMLS
- 2018-05-25 Sold (MLS) $280,000 ARMLS
- 2018-05-23 Sold (Public Records) $280,000 Public Records
- 2018-04-20 Contingent — ARMLS
- 2018-04-11 Price Changed $280,000 ARMLS
- 2018-04-07 Price Changed $286,500 ARMLS
- 2018-03-30 Listed $289,500 ARMLS
Property tax history
+1.2%/yrLatest (2025): $1,844 · +3.8% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…