451 Parker Dam Rd Unit B-1 · Parker Strip, AZ 92267

$124,000

3 bd · 2.0 ba · 1,344 sqft · Manufactured · 529 Days on market

Built 1975 Fair condition $92/sqft · 68% below area ↓ 35% 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 +28.9/30.0
• DSCR +10.0/10.0
• 1% rule +8.0/10.0
• ARV discount +7.5/15.0
• Appreciation +5.0/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Schools +2.3/10.0
• Condition / age +2.2/5.0

Listing remarks MLS

Live the river life at Echo Lodge Resort! This fully furnished home is your ticket to Colorado River living offering over 1,300 sq. ft. of bright, open-concept space perfect for relaxing, entertaining, and making memories. Whether you’re searching for a vacation home, snowbird retreat, or weekend getaway, this move-in-ready double-wide has everything you need for easy, comfortable living near the water. The spacious living and dining areas open to a beautifully updated kitchen featuring tile floors, a large island, and plenty of storage ideal for cooking after a day of boating, fishing, or jet skiing. Central A/C and propane heating keep things comfortable year-round, and the tandem covered carport provides shaded parking for vehicles, ATVs, or a golf cart. Step outside and experience resort-style amenities including a private boat launch, community pool and spa, playground, on-site restaurant & bar, and direct access to the sparkling Colorado River. Enjoy 150 days of annual use with a monthly land lease roughly equivalent to typical property taxes making this one of the most affordable ways to own a riverfront home near Parker, AZ. With low-maintenance, lock-and-leave convenience, you’ll spend less time worrying and more time living your best riverfront lifestyle at Echo Lodge Resort.

Key facts

• Community pool
• Built 1975
• Listed 528 days

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $124k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $353 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $124k).
• Recommended offer: $109k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.4% vs local median 3.7% in Parker Strip — 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 61/100 on livability (#150 in AZ) — a middle-class / working-renter tenant base. Strengths: cost of living A, housing A, crime B+; Watch: health & safety C-, amenities F, commute F.
• Needles Unified (town): math 22% / reading 28% proficiency, ranked #1,194 of 1,400 in CA (top 85%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 68% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Needles Middle (math 12% / reading 27%, grade F, #419 of 498 statewide, top 85%, 192 students, 80% FRL).
• Market conditions: 1 active listings in the ZIP; 5,458 units permitted in San Bernardino County in 2024 (1,500 in 5+ unit buildings).

Forward outlook

• In year one you build about $5k of equity ($857 loan paydown + $4k appreciation (3.0% local appreciation)).
• San Bernardino County population projected at +15% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (3.0% appreciation + 3.0% rent growth), your $35k cash investment doubles in ~4 years — after that, you're playing with house money.
• By year 8, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 529 days — a 12% lower offer ($109k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: flood insurance adds $68/mo.
• Climate carrying-cost: severe flood risk; extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $109,120 (12.0% below list)

Questions for the listing agent

1. It's been on market 529 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Built in 1975 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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.
9. 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.
10. 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: 1.30% ✓
• Cap rate: 10.37%
• Cash-on-cash: 14.55%
• DSCR: 1.65
• GRM: 6.4

CMA / ARV

• ARV (median comp): $382,943
• List price: $124,000
• Delta: -67.62%
• Verdict: UNDERPRICED
• Comps: 2 within 2.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 19.0%
• Equity multiple: 2.08×
• Total profit: $37,496
• Equity at exit: $55,756

10-year hold

• IRR: 20.3%
• Equity multiple: 3.94×
• Total profit: $102,070
• Equity at exit: $85,926

Cash invested: $34,720 (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 92267

• Active inventory: 1
• Price-to-rent: 6.4×

Monthly cashflow live

• Estimated rent: $1,618 medium
• Mortgage (P&I): −$650
• Tax est. 1.5%: −$155 /mo · $1,860/yr
• Insurance: −$52
• Flood insurance flood zone: −$68 /mo · $814/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$340
• Net cashflow: $353

Break-even live

Break-even rent $1,171

Max offer price $124,000

Occupancy floor 73%

Sensitivity live

Price	-10% $439	-5% $396	+0% $353	+5% $310	+10% $267
Rent	-10% $225	-5% $289	+0% $353	+5% $417	+10% $481
Rate	-1.0pp $416	-0.5pp $385	base $353	+0.5pp $321	+1.0pp $288

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: $31,000
• Closing costs: $3,720
• Reserves months: —
• Total cash needed: —

Listing history 23 events

1. 2026-06-19
   days on market $124,000 Active 529 DOM
2. 2026-06-18
   days on market $124,000 Active 528 DOM
3. 2026-06-17
   days on market $124,000 Active 527 DOM
4. 2026-06-16
   days on market $124,000 Active 526 DOM
5. 2026-06-15
   days on market $124,000 Active 525 DOM
6. 2026-06-14
   days on market $124,000 Active 523 DOM
7. 2026-06-13
   days on market $124,000 Active 522 DOM
8. 2026-06-10
   days on market $124,000 Active 520 DOM
9. 2026-06-09
   days on market $124,000 Active 519 DOM
10. 2026-06-08
    days on market $124,000 Active 518 DOM
11. 2026-06-07
    days on market $124,000 Active 517 DOM
12. 2026-06-05
    days on market $124,000 Active 514 DOM
13. 2026-06-02
    days on market $124,000 Active 512 DOM
14. 2026-06-01
    days on market $124,000 Active 511 DOM
15. 2026-05-31
    days on market $124,000 Active 510 DOM
16. 2026-05-30
    days on market $124,000 Active 509 DOM
17. 2026-03-22
    price $139,500 1324-char remark

    Show marketing remark (1324 chars)

    Live the river life at Echo Lodge Resort! This fully furnished home is your ticket to Colorado River living offering over 1,300 sq. ft. of bright, open-concept space perfect for relaxing, entertaining, and making memories. Whether you’re searching for a vacation home, snowbird retreat, or weekend getaway, this move-in-ready double-wide has everything you need for easy, comfortable living near the water. The spacious living and dining areas open to a beautifully updated kitchen featuring tile floors, a large island, and plenty of storage ideal for cooking after a day of boating, fishing, or jet skiing. Central A/C and propane heating keep things comfortable year-round, and the tandem covered carport provides shaded parking for vehicles, ATVs, or a golf cart. Step outside and experience resort-style amenities including a private boat launch, community pool and spa, playground, on-site restaurant & bar, and direct access to the sparkling Colorado River. Enjoy 150 days of annual use with a monthly land lease roughly equivalent to typical property taxes making this one of the most affordable ways to own a riverfront home near Parker, AZ. With low-maintenance, lock-and-leave convenience, you’ll spend less time worrying and more time living your best riverfront lifestyle at Echo Lodge Resort.

18. 2025-12-22
    price $159,900 1324-char remark

    Show marketing remark (1324 chars)

    Live the river life at Echo Lodge Resort! This fully furnished home is your ticket to Colorado River living offering over 1,300 sq. ft. of bright, open-concept space perfect for relaxing, entertaining, and making memories. Whether you’re searching for a vacation home, snowbird retreat, or weekend getaway, this move-in-ready double-wide has everything you need for easy, comfortable living near the water. The spacious living and dining areas open to a beautifully updated kitchen featuring tile floors, a large island, and plenty of storage ideal for cooking after a day of boating, fishing, or jet skiing. Central A/C and propane heating keep things comfortable year-round, and the tandem covered carport provides shaded parking for vehicles, ATVs, or a golf cart. Step outside and experience resort-style amenities including a private boat launch, community pool and spa, playground, on-site restaurant & bar, and direct access to the sparkling Colorado River. Enjoy 150 days of annual use with a monthly land lease roughly equivalent to typical property taxes making this one of the most affordable ways to own a riverfront home near Parker, AZ. With low-maintenance, lock-and-leave convenience, you’ll spend less time worrying and more time living your best riverfront lifestyle at Echo Lodge Resort.

19. 2025-07-06
    price $168,900 1324-char remark

    Show marketing remark (1324 chars)

    Live the river life at Echo Lodge Resort! This fully furnished home is your ticket to Colorado River living offering over 1,300 sq. ft. of bright, open-concept space perfect for relaxing, entertaining, and making memories. Whether you’re searching for a vacation home, snowbird retreat, or weekend getaway, this move-in-ready double-wide has everything you need for easy, comfortable living near the water. The spacious living and dining areas open to a beautifully updated kitchen featuring tile floors, a large island, and plenty of storage ideal for cooking after a day of boating, fishing, or jet skiing. Central A/C and propane heating keep things comfortable year-round, and the tandem covered carport provides shaded parking for vehicles, ATVs, or a golf cart. Step outside and experience resort-style amenities including a private boat launch, community pool and spa, playground, on-site restaurant & bar, and direct access to the sparkling Colorado River. Enjoy 150 days of annual use with a monthly land lease roughly equivalent to typical property taxes making this one of the most affordable ways to own a riverfront home near Parker, AZ. With low-maintenance, lock-and-leave convenience, you’ll spend less time worrying and more time living your best riverfront lifestyle at Echo Lodge Resort.

20. 2025-05-20
    price $188,950 1324-char remark

    Show marketing remark (1324 chars)

    Live the river life at Echo Lodge Resort! This fully furnished home is your ticket to Colorado River living offering over 1,300 sq. ft. of bright, open-concept space perfect for relaxing, entertaining, and making memories. Whether you’re searching for a vacation home, snowbird retreat, or weekend getaway, this move-in-ready double-wide has everything you need for easy, comfortable living near the water. The spacious living and dining areas open to a beautifully updated kitchen featuring tile floors, a large island, and plenty of storage ideal for cooking after a day of boating, fishing, or jet skiing. Central A/C and propane heating keep things comfortable year-round, and the tandem covered carport provides shaded parking for vehicles, ATVs, or a golf cart. Step outside and experience resort-style amenities including a private boat launch, community pool and spa, playground, on-site restaurant & bar, and direct access to the sparkling Colorado River. Enjoy 150 days of annual use with a monthly land lease roughly equivalent to typical property taxes making this one of the most affordable ways to own a riverfront home near Parker, AZ. With low-maintenance, lock-and-leave convenience, you’ll spend less time worrying and more time living your best riverfront lifestyle at Echo Lodge Resort.

21. 2025-03-07
    price $209,950 1324-char remark

    Show marketing remark (1324 chars)

    Live the river life at Echo Lodge Resort! This fully furnished home is your ticket to Colorado River living offering over 1,300 sq. ft. of bright, open-concept space perfect for relaxing, entertaining, and making memories. Whether you’re searching for a vacation home, snowbird retreat, or weekend getaway, this move-in-ready double-wide has everything you need for easy, comfortable living near the water. The spacious living and dining areas open to a beautifully updated kitchen featuring tile floors, a large island, and plenty of storage ideal for cooking after a day of boating, fishing, or jet skiing. Central A/C and propane heating keep things comfortable year-round, and the tandem covered carport provides shaded parking for vehicles, ATVs, or a golf cart. Step outside and experience resort-style amenities including a private boat launch, community pool and spa, playground, on-site restaurant & bar, and direct access to the sparkling Colorado River. Enjoy 150 days of annual use with a monthly land lease roughly equivalent to typical property taxes making this one of the most affordable ways to own a riverfront home near Parker, AZ. With low-maintenance, lock-and-leave convenience, you’ll spend less time worrying and more time living your best riverfront lifestyle at Echo Lodge Resort.

22. 2025-01-06
    listed $215,000 Active 1324-char remark

    Show marketing remark (1324 chars)

    Live the river life at Echo Lodge Resort! This fully furnished home is your ticket to Colorado River living offering over 1,300 sq. ft. of bright, open-concept space perfect for relaxing, entertaining, and making memories. Whether you’re searching for a vacation home, snowbird retreat, or weekend getaway, this move-in-ready double-wide has everything you need for easy, comfortable living near the water. The spacious living and dining areas open to a beautifully updated kitchen featuring tile floors, a large island, and plenty of storage ideal for cooking after a day of boating, fishing, or jet skiing. Central A/C and propane heating keep things comfortable year-round, and the tandem covered carport provides shaded parking for vehicles, ATVs, or a golf cart. Step outside and experience resort-style amenities including a private boat launch, community pool and spa, playground, on-site restaurant & bar, and direct access to the sparkling Colorado River. Enjoy 150 days of annual use with a monthly land lease roughly equivalent to typical property taxes making this one of the most affordable ways to own a riverfront home near Parker, AZ. With low-maintenance, lock-and-leave convenience, you’ll spend less time worrying and more time living your best riverfront lifestyle at Echo Lodge Resort.

23. 2025-01-01
    historical $215,000 1324-char remark

    Show marketing remark (1324 chars)

    Live the river life at Echo Lodge Resort! This fully furnished home is your ticket to Colorado River living offering over 1,300 sq. ft. of bright, open-concept space perfect for relaxing, entertaining, and making memories. Whether you’re searching for a vacation home, snowbird retreat, or weekend getaway, this move-in-ready double-wide has everything you need for easy, comfortable living near the water. The spacious living and dining areas open to a beautifully updated kitchen featuring tile floors, a large island, and plenty of storage ideal for cooking after a day of boating, fishing, or jet skiing. Central A/C and propane heating keep things comfortable year-round, and the tandem covered carport provides shaded parking for vehicles, ATVs, or a golf cart. Step outside and experience resort-style amenities including a private boat launch, community pool and spa, playground, on-site restaurant & bar, and direct access to the sparkling Colorado River. Enjoy 150 days of annual use with a monthly land lease roughly equivalent to typical property taxes making this one of the most affordable ways to own a riverfront home near Parker, AZ. With low-maintenance, lock-and-leave convenience, you’ll spend less time worrying and more time living your best riverfront lifestyle at Echo Lodge Resort.

ⓘ 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 10/10 Extreme FEMA zone D · 99% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥114°F today · 18 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,411
• − Mortgage interest: −$6,946
• − Property taxes: −$1,860
• − Insurance: −$1,434
• − Repairs & maintenance: −$1,553
• − Management: −$1,553
• − Depreciation: −$3,607
• Taxable income: $2,458
• Est. tax owed @ 24.0%: −$590
• After-tax cash flow: $3,648/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 · 12 photos

Fair 45/100 Cosmetic rehab

This fully furnished, move-in-ready manufactured home offers over 1,300 sq ft of bright, open-concept living space and is ideal for a vacation home, second home, snowbird escape, or weekend getaway on the water. The home needs minor repairs and maintenance to enhance its curb appeal and interior aesthetics.

Repairs flagged

• Minor wooden siding — slight wear
• Minor white fence — slight wear

Value-add opportunities

• Both paint interior walls — enhances curb appeal and interior aesthetics
• Both update flooring — tile flooring is dated and could be replaced with more modern materials
• Both update kitchen cabinets — wooden cabinets are dated and could be replaced with more modern materials
• Both update bathroom vanity — wooden vanity is dated and could be replaced with more modern materials

Renovation cost estimate screening

Repair item	Severity	Est. cost
wooden siding · slight wear	Minor	$500–3,000
white fence · slight wear	Minor	$500–3,000
Total estimated repair cost · 2 items		$1,000–6,000

Value-add ROI direction

• Both paint interior walls — enhances curb appeal and interior aesthetics ↑
• Both update flooring — tile flooring is dated and could be replaced with more modern materials ↑
• Both update kitchen cabinets — wooden cabinets are dated and could be replaced with more modern materials ↑
• Both update bathroom vanity — wooden vanity is dated and could be replaced with more modern materials ↑

ⓘ 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: Needles Unified
• NCES district ID: 0626760
• Math proficiency: 22% ▼ -2.00%
• Reading proficiency: 28% ▼ -1.00%
• Median HH income: $31,795
• Composite: 23.35/100
• National rank: #13305
• State rank: #1194 of 1400 in CA

Livability — Parker Strip

• Score: 61/100
• State rank: #150
• US rank: #17689

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

No demographic data for this ZIP.

Market trends

• HPI YoY: —
• Current HPI: —
• Rent YoY: —
• Metro: —
• 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

-35.1% since first listed

7 events — show timeline

• 2026-03-22 Price Changed $139,500 CRMLS
• 2025-12-22 Price Changed $159,900 CRMLS
• 2025-07-06 Price Changed $168,900 CRMLS
• 2025-05-20 Price Changed $188,950 CRMLS
• 2025-03-07 Price Changed $209,950 CRMLS
• 2025-01-06 Listed $215,000 CRMLS
• 2025-01-01 Coming Soon $215,000 CRMLS