CashFlowRE
Sign in Sign up
35116 N Lead Way
D- Composite 38.84
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 +12.6/15.0
  • Appreciation +10.0/10.0
  • Cash flow +5.8/30.0
  • Livability +2.7/5.0
  • Rent growth +2.5/5.0
  • Condition / age +2.5/5.0
  • Schools +1.8/10.0
  • 1% rule +0.8/10.0
  • DSCR +0.2/10.0

$412,500

35116 N Lead Way · San Tan Valley, AZ 85144
3 bd · 2.0 ba · 1,671 sqft · SingleFamily public records · 168 Days on market
Built 2021 5,521 sqft lot $247/sqft · 11% below area Est $465k · 11% under $208/mo HOA · 9% of rent

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks MLS

This newly built home in the Preserve at San Tan has it all! Enter into your modern, open concept floorplan with impressive 4 panel sliding glass doors leading you to the backyard. No details have been spared with tons of builder upgrades throughout and brand NEW water softener. Well appointed kitchen features stainless steel Whirlpool appliances, fresh white cabinetry, new pendent lights, and walk-in pantry. Master suite features dual sinks, marble counters, walk-in closet, and luxe walk-in shower. Backyard has been fully landscaped with new rocks, artificial turf, and tiled covered patio to enjoy year round! Take advantage of all the community amenities including pickleball/ basketball courts, dog park, playground, community garden, BBQs, and so much more! Come see it before it's sold!

Key facts

  • Builder upgrades
  • New water softener
  • Marble counters

Tags

OPEN CONCEPT FLOORPLAN4 PANEL SLIDING GLASS DOORSBUILDER UPGRADESNEW WATER SOFTENERWALK-IN PANTRYMARBLE COUNTERS

Neighborhood map

Property Rental comp Retail Transit Schools Stadiums Fortune 500 · Circle radius: 3.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 3-bed/2.0-bath single-family listed at $412k.

Deal economics

  • At list price, monthly cash flow is $-825 ($-10k/yr) — negative.
  • To cash-flow at today's rent, offer at most $267k (35.3% below list).
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $238k (42.3% below list).
  • Recommended offer: $238k (42.3% below list) — sets the bar for 1% rule.
  • Cap rate 3.9% vs local median 3.2% in San Tan Valley — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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+, schools D, amenities F.
  • Florence Unified School District (4437) (rural): math 16% / reading 24% proficiency, ranked #178 of 249 in AZ (top 72%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
  • Market conditions: 475 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% 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

  • In year one you build about $44k of equity ($3k loan paydown + $41k appreciation (10.0% local appreciation)).
  • By year 2, paydown + projected appreciation supports a ~$71k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

  • It's been on market 168 days — a 12% lower offer ($363k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

  • Climate carrying-cost: major wildfire risk; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer $238,155 (42.3% below list)

Questions for the listing agent

  1. 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?
  2. It's been on market 168 days. Have you received any prior offers? Is the seller open to a 42% concession, seller financing, or rate buy-down credit?
  3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
  4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  6. 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?
  7. 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?
  8. 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?
  9. 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.
  10. 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.
  11. 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
0.58%
Cap rate
3.89%
Cash-on-cash
-8.57%
DSCR
0.62
GRM
14.4

CMA / ARV

ARV (median comp)
$464,660
List price
$412,500
Delta
-11.23%
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
3655 W Lapis Dr 0.06mi 3/2.0 1,672 (+0%) 0mo $473,000 $283 97
3342 W Mary Dr 0.26mi 3/2.0 1,687 (+1%) 1mo $439,900 $261 85
35084 N Sacramento Wash Rd 0.23mi 3/2.0 1,595 (-4%) 0mo $457,932 $287 82
3263 W Molino Rd 0.28mi 3/2.0 1,595 (-4%) 1mo $454,903 $285 79
34942 N Hawley Dr 0.21mi 3/2.0 1,784 (+7%) 1mo $452,813 $254 78
3343 W Mary Dr 0.24mi 3/2.5 1,808 (+8%) 1mo $482,926 $267 73
4447 W Mountain Laural Dr 0.51mi 3/2.0 1,735 (+4%) 0mo $395,000 $228 69
4183 W Erik Ln 0.29mi 4/2.0 (+1) 1,832 (+10%) 1mo $448,990 $245 64
4202 W Erik Ln 0.31mi 4/2.0 (+1) 1,832 (+10%) 1mo $450,000 $246 64
4232 W Erik Ln 0.33mi 4/2.0 (+1) 1,832 (+10%) 1mo $455,000 $248 63
4169 W Erik Ln 0.28mi 3/2.0 1,424 (-15%) 1mo $414,990 $291 61
4164 W Suncup Dr 0.61mi 4/2.0 (+1) 1,819 (+9%) 1mo $567,000 $312 51

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold
IRR
18.2%
Equity multiple
2.49×
Total profit
$172,058
Equity at exit
$371,613
10-year hold
IRR
17.0%
Equity multiple
5.74×
Total profit
$547,902
Equity at exit
$801,397

Cash invested: $115,500 (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.

ZIP-level market 85144

Home prices YoY
7.2%
Active inventory
475
Price-to-rent
14.4×

Monthly cashflow live

Estimated rent
$2,382 high interval (Pro) →
Mortgage (P&I)
$2,163
Tax from tax record
$163 /mo · $1,961/yr
Insurance
$172
HOA
$208
Vacancy / Maint / Mgmt
$500
Net cashflow
$-825

Break-even live

Break-even rent $3,426
Max offer price $266,753
Occupancy floor

Sensitivity live

Price -10% $-592 -5% $-708 +0% $-825 +5% $-942 +10% $-1,059
Rent -10% $-1,013 -5% $-919 +0% $-825 +5% $-731 +10% $-637
Rate -1.0pp $-617 -0.5pp $-720 base $-825 +0.5pp $-932 +1.0pp $-1,041

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
$103,125
Closing costs
$12,375
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

AddressBedsBaths SqftRent$/sqft DOM Units Dist
35032 N Barrel Rd San Tan Valley, AZ 3.0 2.5 2213 $3,900 $1.76 2d 1 0.06mi
3541 Dreamy Draw Dr Queen Creek, AZ 4.0 2.5 1918 $2,700 $1.41 25d 1 0.27mi
3439 W Oil Well Rd San Tan Valley, AZ 3.0 2.0 1595 $2,500 $1.57 44d 1 0.28mi
4165 W Monika Ln San Tan Valley, AZ 4.0 3.0 2049 $2,450 $1.20 44d 1 0.31mi
35623 N Seedling St San Tan Valley, AZ 4.0 2.0 1838 $2,450 $1.33 44d 1 0.41mi
35623 N Seedling St San Tan Valley, AZ 4.0 2.0 1832 $2,000 $1.09 11d 1 0.41mi
4287 W Jeanette Ln San Tan Valley, AZ 4.0 3.0 2049 $2,450 $1.20 19d 1 0.45mi
4265 W Janie St San Tan Valley, AZ 4.0 2.0 1838 $2,100 $1.14 25d 1 0.47mi
2822 W Blue River Dr San Tan Valley, AZ 3.0 2.0 1609 $2,395 $1.49 44d 1 0.55mi
3569 W Morgan Ln San Tan Valley, AZ 4.0 2.0 1700 $1,550 $0.91 25d 1 0.57mi
4332 W Hannah St San Tan Valley, AZ 4.0 2.0 2150 $2,450 $1.14 44d 1 0.60mi
3877 W Naomi Ln San Tan Valley, AZ 4.0 2.5 2010 $1,850 $0.92 6d 1 0.62mi
2828 Patagonia Ct Queen Creek, AZ 3.0 2.5 2230 $2,500 $1.12 44d 1 0.69mi
33993 N Danja Dr San Tan Valley, AZ 3.0 2.0 1998 $2,450 $1.23 44d 1 0.71mi
3792 W Santa Cruz Ave San Tan Valley, AZ 4.0 2.0 1852 $1,795 $0.97 44d 1 0.74mi
33889 N Barbara Dr San Tan Valley, AZ 4.0 2.0 1868 $1,975 $1.06 6d 1 0.76mi
3854 W Carlos Ln San Tan Valley, AZ 3.0 2.0 1527 $1,825 $1.20 6d 1 0.79mi
4504 W Stonecrop Dr San Tan Valley, AZ 4.0 2.0 1810 $2,075 $1.15 6d 1 0.80mi
3047 W Dancer Ln San Tan Valley, AZ 3.0 2.0 1454 $1,915 $1.32 44d 1 0.80mi
3102 W Belle Ave San Tan Valley, AZ 4.0 2.0 1909 $1,900 $1.00 15d 1 0.81mi
3102 W Belle Ave San Tan Valley, AZ 4.0 2.0 1909 $1,900 $1.00 13d 1 0.81mi
2574 W Sawtooth Way San Tan Valley, AZ 3.0 2.0 1326 $1,995 $1.50 44d 1 0.81mi
33810 N Mercedes Dr San Tan Valley, AZ 4.0 2.0 1504 $1,925 $1.28 44d 1 0.81mi
2993 W Dancer Ln San Tan Valley, AZ 3.0 2.0 1290 $1,700 $1.32 44d 1 0.82mi
26358 S 224th Pl Queen Creek, AZ 3.0 2.0 1877 $2,135 $1.14 44d 1 0.86mi
33897 N Wash View Rd San Tan Valley, AZ 3.0 2.0 1721 $1,980 $1.15 3d 1 0.86mi
22457 E Watford Dr Queen Creek, AZ 4.0 3.0 2164 $2,650 $1.22 44d 1 0.88mi
34437 N Picket Post Dr San Tan Valley, AZ 4.0 3.0 1507 $1,650 $1.09 44d 1 0.92mi
3809 W Five Mile Peak Dr San Tan Valley, AZ 3.0 2.0 1343 $1,895 $1.41 6d 1 0.92mi
3194 W Yellow Peak Dr San Tan Valley, AZ 4.0 2.0 1925 $1,908 $0.99 44d 1 0.92mi
33948 N Beeblossom Trl San Tan Valley, AZ 3.0 2.0 1348 $1,850 $1.37 17d 1 0.94mi
33856 N Cherry Creek Rd San Tan Valley, AZ 3.0 2.0 1928 $1,850 $0.96 44d 1 0.94mi
2049 W Gold Mine Way San Tan Valley, AZ 4.0 2.0 1585 $2,085 $1.32 6d 1 1.08mi
2027 W Kenton Way San Tan Valley, AZ 3.0 2.0 1733 $2,091 $1.21 22d 1 1.09mi
4590 W Foldwing DR Queen Creek, AZ 4.0 2.0 1806 $2,449 $1.36 3d 1 1.12mi
35244 N Zachary Rd San Tan Valley, AZ 3.0 2.0 1491 $2,275 $1.53 44d 1 1.17mi
1911 W Half Moon Cir San Tan Valley, AZ 3.0 2.0 1345 $1,995 $1.48 44d 1 1.18mi
2699 W Camp River Rd San Tan Valley, AZ 3.0 2.0 1766 $1,975 $1.12 44d 1 1.18mi
2924 W Allens Peak Dr San Tan Valley, AZ 3.0 2.0 1765 $1,880 $1.07 3d 1 1.19mi
2924 W Allens Peak Dr San Tan Valley, AZ 3.0 2.0 1765 $1,955 $1.11 11d 1 1.19mi

HOA detail

Monthly dues
$208 · $2,496/yr
Likely covers
waterpool

Listing history 24 events

  1. 2026-06-18
    days on market $412,500 Active 168 DOM
  2. 2026-06-17
    days on market $412,500 Active 167 DOM
  3. 2026-06-16
    days on market $412,500 Active 166 DOM
  4. 2026-06-15
    days on market $412,500 Active 165 DOM
  5. 2026-06-13
    days on market $412,500 Active 163 DOM
  6. 2026-06-13
    days on market $412,500 Active 162 DOM
  7. 2026-06-09
    days on market $412,500 Active 159 DOM
  8. 2026-06-08
    days on market $412,500 Active 158 DOM
  9. 2026-06-07
    days on market $412,500 Active 157 DOM
  10. 2026-06-04
    days on market $412,500 Active 154 DOM
  11. 2026-06-03
    days on market $412,500 Active 153 DOM
  12. 2026-06-02
    days on market $412,500 Active 152 DOM
  13. 2026-06-01
    days on market $412,500 Active 151 DOM
  14. 2026-05-31
    days on market $412,500 Active 150 DOM
  15. 2026-04-21
    price $412,500 798-char remark
    Show marketing remark (798 chars)

    This newly built home in the Preserve at San Tan has it all! Enter into your modern, open concept floorplan with impressive 4 panel sliding glass doors leading you to the backyard. No details have been spared with tons of builder upgrades throughout and brand NEW water softener. Well appointed kitchen features stainless steel Whirlpool appliances, fresh white cabinetry, new pendent lights, and walk-in pantry. Master suite features dual sinks, marble counters, walk-in closet, and luxe walk-in shower. Backyard has been fully landscaped with new rocks, artificial turf, and tiled covered patio to enjoy year round! Take advantage of all the community amenities including pickleball/ basketball courts, dog park, playground, community garden, BBQs, and so much more! Come see it before it's sold!

  16. 2026-04-01
    price $417,500 798-char remark
    Show marketing remark (798 chars)

    This newly built home in the Preserve at San Tan has it all! Enter into your modern, open concept floorplan with impressive 4 panel sliding glass doors leading you to the backyard. No details have been spared with tons of builder upgrades throughout and brand NEW water softener. Well appointed kitchen features stainless steel Whirlpool appliances, fresh white cabinetry, new pendent lights, and walk-in pantry. Master suite features dual sinks, marble counters, walk-in closet, and luxe walk-in shower. Backyard has been fully landscaped with new rocks, artificial turf, and tiled covered patio to enjoy year round! Take advantage of all the community amenities including pickleball/ basketball courts, dog park, playground, community garden, BBQs, and so much more! Come see it before it's sold!

  17. 2026-03-23
    price $425,000 798-char remark
    Show marketing remark (798 chars)

    This newly built home in the Preserve at San Tan has it all! Enter into your modern, open concept floorplan with impressive 4 panel sliding glass doors leading you to the backyard. No details have been spared with tons of builder upgrades throughout and brand NEW water softener. Well appointed kitchen features stainless steel Whirlpool appliances, fresh white cabinetry, new pendent lights, and walk-in pantry. Master suite features dual sinks, marble counters, walk-in closet, and luxe walk-in shower. Backyard has been fully landscaped with new rocks, artificial turf, and tiled covered patio to enjoy year round! Take advantage of all the community amenities including pickleball/ basketball courts, dog park, playground, community garden, BBQs, and so much more! Come see it before it's sold!

  18. 2026-03-15
    price $435,000 798-char remark
    Show marketing remark (798 chars)

    This newly built home in the Preserve at San Tan has it all! Enter into your modern, open concept floorplan with impressive 4 panel sliding glass doors leading you to the backyard. No details have been spared with tons of builder upgrades throughout and brand NEW water softener. Well appointed kitchen features stainless steel Whirlpool appliances, fresh white cabinetry, new pendent lights, and walk-in pantry. Master suite features dual sinks, marble counters, walk-in closet, and luxe walk-in shower. Backyard has been fully landscaped with new rocks, artificial turf, and tiled covered patio to enjoy year round! Take advantage of all the community amenities including pickleball/ basketball courts, dog park, playground, community garden, BBQs, and so much more! Come see it before it's sold!

  19. 2026-02-27
    price $445,000 798-char remark
    Show marketing remark (798 chars)

    This newly built home in the Preserve at San Tan has it all! Enter into your modern, open concept floorplan with impressive 4 panel sliding glass doors leading you to the backyard. No details have been spared with tons of builder upgrades throughout and brand NEW water softener. Well appointed kitchen features stainless steel Whirlpool appliances, fresh white cabinetry, new pendent lights, and walk-in pantry. Master suite features dual sinks, marble counters, walk-in closet, and luxe walk-in shower. Backyard has been fully landscaped with new rocks, artificial turf, and tiled covered patio to enjoy year round! Take advantage of all the community amenities including pickleball/ basketball courts, dog park, playground, community garden, BBQs, and so much more! Come see it before it's sold!

  20. 2026-02-22
    price $447,500 798-char remark
    Show marketing remark (798 chars)

    This newly built home in the Preserve at San Tan has it all! Enter into your modern, open concept floorplan with impressive 4 panel sliding glass doors leading you to the backyard. No details have been spared with tons of builder upgrades throughout and brand NEW water softener. Well appointed kitchen features stainless steel Whirlpool appliances, fresh white cabinetry, new pendent lights, and walk-in pantry. Master suite features dual sinks, marble counters, walk-in closet, and luxe walk-in shower. Backyard has been fully landscaped with new rocks, artificial turf, and tiled covered patio to enjoy year round! Take advantage of all the community amenities including pickleball/ basketball courts, dog park, playground, community garden, BBQs, and so much more! Come see it before it's sold!

  21. 2026-02-09
    price $450,000 798-char remark
    Show marketing remark (798 chars)

    This newly built home in the Preserve at San Tan has it all! Enter into your modern, open concept floorplan with impressive 4 panel sliding glass doors leading you to the backyard. No details have been spared with tons of builder upgrades throughout and brand NEW water softener. Well appointed kitchen features stainless steel Whirlpool appliances, fresh white cabinetry, new pendent lights, and walk-in pantry. Master suite features dual sinks, marble counters, walk-in closet, and luxe walk-in shower. Backyard has been fully landscaped with new rocks, artificial turf, and tiled covered patio to enjoy year round! Take advantage of all the community amenities including pickleball/ basketball courts, dog park, playground, community garden, BBQs, and so much more! Come see it before it's sold!

  22. 2026-01-21
    price $455,000 798-char remark
    Show marketing remark (798 chars)

    This newly built home in the Preserve at San Tan has it all! Enter into your modern, open concept floorplan with impressive 4 panel sliding glass doors leading you to the backyard. No details have been spared with tons of builder upgrades throughout and brand NEW water softener. Well appointed kitchen features stainless steel Whirlpool appliances, fresh white cabinetry, new pendent lights, and walk-in pantry. Master suite features dual sinks, marble counters, walk-in closet, and luxe walk-in shower. Backyard has been fully landscaped with new rocks, artificial turf, and tiled covered patio to enjoy year round! Take advantage of all the community amenities including pickleball/ basketball courts, dog park, playground, community garden, BBQs, and so much more! Come see it before it's sold!

  23. 2026-01-01
    listed $460,000 Active 798-char remark
    Show marketing remark (798 chars)

    This newly built home in the Preserve at San Tan has it all! Enter into your modern, open concept floorplan with impressive 4 panel sliding glass doors leading you to the backyard. No details have been spared with tons of builder upgrades throughout and brand NEW water softener. Well appointed kitchen features stainless steel Whirlpool appliances, fresh white cabinetry, new pendent lights, and walk-in pantry. Master suite features dual sinks, marble counters, walk-in closet, and luxe walk-in shower. Backyard has been fully landscaped with new rocks, artificial turf, and tiled covered patio to enjoy year round! Take advantage of all the community amenities including pickleball/ basketball courts, dog park, playground, community garden, BBQs, and so much more! Come see it before it's sold!

  24. 2019-10-18
    soldstatus $21,124,000

ⓘ 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
$1,961 · $163/mo
Projected year-2 tax
$2,722 · $227/mo
Expected delta
+$762/yr (+$63/mo · 38.9%)

ⓘ 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 ≥111°F today · 20 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

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$28,579
− Mortgage interest
−$23,106
− Property taxes
−$1,961
− Insurance
−$2,062
− Repairs & maintenance
−$2,286
− Management
−$2,286
− HOA
−$2,496
− Depreciation
−$12,000
Taxable loss
−$17,620
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$4,229
After-tax cash flow
$-5,672/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
Florence Unified School District (4437)
NCES district ID
0402920
Math proficiency
16% ▼ -11.00%
Reading proficiency
24% ▼ -7.00%
Median HH income
$54,426
Composite
18.31/100
National rank
#8950
State rank
#178 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

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%

Not yet ingested

Political lean
Race & ethnicity
Common origin
Civics

Market trends

HPI YoY
▲ 24.94%
Current HPI
372.52
Rent YoY
Metro
State GDP YoY
▲ 4.54%
F500 in state
20

Industry mix (Fortune 500 HQ in AZ)

Industry F500 HQs Revenue

Price history

-98.0% since first listed
10 events — show timeline
  • 2026-04-21 Price Changed $412,500 ARMLS
  • 2026-04-01 Price Changed $417,500 ARMLS
  • 2026-03-23 Price Changed $425,000 ARMLS
  • 2026-03-15 Price Changed $435,000 ARMLS
  • 2026-02-27 Price Changed $445,000 ARMLS
  • 2026-02-22 Price Changed $447,500 ARMLS
  • 2026-02-09 Price Changed $450,000 ARMLS
  • 2026-01-21 Price Changed $455,000 ARMLS
  • 2026-01-01 Listed $460,000 ARMLS
  • 2019-10-18 Sold (Public Records) $21,124,000 Public Records

Property tax history

+175.3%/yr

Latest (2025): $1,961 · +6.4% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…