747 E Germann Rd #18 · San Tan Valley, AZ 85140

$74,500

2 bd · 1.5 ba · 800 sqft · Manufactured · 86 Days on market

Built 1965 Good condition Est $51k · 46% over

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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
• Condition / age +4.0/5.0
• Rent growth +2.9/5.0
• Livability +2.7/5.0
• Schools +2.6/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks

FULLY FURNISHED, and a GOLF CART with newer batteries so you can drop your bags and enjoy the Arizona 55plus lifestyle! This beautifully remodeled mobile home at 747 E Germann Rd Unit 18 in San Tan Valley offers modern upgrades and comfortable living. It features a new metal roof, updated electric panel, and an energy-efficient heat pump with AC. The fully remodeled kitchen includes contemporary cabinetry and modern appliances, while new flooring flows throughout the home. A new powder room and renovated main bathroom add convenience and style. Additional upgrades include new ceiling insulation, tinted UV-protective windows, a new back door, and a brand-new shed for extra storage. Inside, a

Key facts

• Community pool
• Built 1965
• Listed 86 days

Property features AI

Finance

• Other: Lot size source: Assessor; Building area source: Assessor; Directions: Once you pull into community, home is down and on the left
• HOA & community: Land lease (monthly $740); No association fees included; Community pool; Guarded entry

Exterior

• Utilities: Propane; City water; Septic (in & connected)
• Home design: Modular/Pre-Fab property; Leasehold ownership
• Construction: Wood frame construction; Painted exterior
• Exterior features: Storage; Shed(s); Block fencing; Desert front yard; Gravel/stone in back yard; Reflective roof coating

Interior

• Kitchen: Refrigerator; Dishwasher
• Bedrooms: 2 possible bedrooms
• Flooring: Laminate flooring
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Heat pump; Electric heating; Central air conditioning
• Interior features: Refrigerator; Dishwasher; Low-emissivity windows; Tinted windows; Zero-grade entry

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath manufactured listed at $74k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $783 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $74k).
• Recommended offer: $70k (6.0% below list) — sets the bar for market timing.
• Cap rate 18.9% 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+, schools D, amenities 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.
• Market conditions: Rents rising (+1.7%/yr); 837 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 $515 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 86 days — a 6% lower offer ($70k) is reasonable based on typical stale-listing flexibility.

Recommended offer $70,030 (6.0% below list)

Questions for the listing agent

1. It's been on market 86 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 1965 — 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: 2.21% ✓
• Cap rate: 18.91%
• Cash-on-cash: 45.07%
• DSCR: 3.01
• GRM: 3.8

CMA / ARV

• ARV (on-the-fly): $51,200
• 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 #99	0.00mi	2/1.5	780 (-2%)	1mo	$50,000	$64	95
437 E Germann Rd #24	0.20mi	2/1.0	800 (0%)	13mo	$51,000	$64	78
747 E Germann Rd #55	0.06mi	1/1.0 (-1)	728 (-9%)	1mo	$40,000	$55	74
747 E Germann Rd #10	0.06mi	2/1.0	784 (-2%)	22mo	$19,500	$25	74
747 E Germann Rd #49	0.06mi	2/1.5	720 (-10%)	11mo	$24,000	$33	72
747 E Germann Rd #72	0.06mi	2/2.0	900 (+12%)	17mo	$88,900	$99	60
747 E Germann Rd #81	0.11mi	2/1.0	900 (+12%)	14mo	$65,000	$72	60
747 E Germann Rd #70	0.11mi	1/1.0 (-1)	700 (-12%)	11mo	$8,900	$13	58

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: 40.7%
• Equity multiple: 2.71×
• Total profit: $35,729
• Equity at exit: $11,108

10-year hold

• IRR: 46.3%
• Equity multiple: 5.17×
• Total profit: $86,982
• Equity at exit: $6,441

Cash invested: $20,860 (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: 837
• Price-to-rent: 3.8×

Monthly cashflow live

• Estimated rent: $1,643 medium
• Mortgage (P&I): −$391
• Tax est. 1.5%: −$93 /mo · $1,118/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$345
• Net cashflow: $783

Break-even live

Break-even rent $652

Max offer price $74,500

Occupancy floor 47%

Sensitivity live

Price	-10% $835	-5% $809	+0% $783	+5% $758	+10% $732
Rent	-10% $654	-5% $719	+0% $783	+5% $848	+10% $913
Rate	-1.0pp $821	-0.5pp $802	base $783	+0.5pp $764	+1.0pp $745

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: $18,625
• Closing costs: $2,235
• Reserves months: —
• Total cash needed: —

Listing history 17 events

1. 2026-06-21
   days on market $74,500 Active 86 DOM
2. 2026-06-18
   days on market $74,500 Active 83 DOM
3. 2026-06-17
   days on market $74,500 Active 82 DOM
4. 2026-06-16
   days on market $74,500 Active 81 DOM
5. 2026-06-15
   days on market $74,500 Active 80 DOM
6. 2026-06-13
   days on market $74,500 Active 78 DOM
7. 2026-06-13
   days on market $74,500 Active 77 DOM
8. 2026-06-09
   days on market $74,500 Active 74 DOM
9. 2026-06-08
   days on market $74,500 Active 73 DOM
10. 2026-06-07
    days on market $74,500 Active 72 DOM
11. 2026-06-04
    days on market $74,500 Active 69 DOM
12. 2026-06-03
    days on market $74,500 Active 68 DOM
13. 2026-06-02
    days on market $74,500 Active 67 DOM
14. 2026-06-01
    days on market $74,500 Active 66 DOM
15. 2026-05-31
    days on market $74,500 Active 65 DOM
16. 2026-04-21
    price $74,500
17. 2026-03-27
    listed $75,000 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: $19,721
• − Mortgage interest: −$4,173
• − Property taxes: −$1,118
• − Insurance: −$372
• − Repairs & maintenance: −$1,578
• − Management: −$1,578
• − Depreciation: −$2,167
• Taxable income: $8,735
• Est. tax owed @ 24.0%: −$2,096
• After-tax cash flow: $7,305/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 · 13 photos

Good 80/100 Cosmetic rehab

This fully remodeled mobile home is in excellent condition with modern upgrades and comfortable living. It offers a great value for both resale and rental.

Value-add opportunities

• Both Painting the exterior siding — Enhances curb appeal and value
• Both Landscaping improvements — Enhances curb appeal and value
• Both Upgrading the HVAC system — Improves comfort and energy efficiency

Renovation cost estimate screening

Value-add ROI direction

• Both Painting the exterior siding — Enhances curb appeal and value ↑
• Both Landscaping improvements — Enhances curb appeal and value ↑
• Both Upgrading the HVAC system — Improves comfort and energy efficiency ↑

ⓘ 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: 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

-0.7% since first listed

2 events — show timeline

• 2026-04-21 Price Changed $74,500 ARMLS
• 2026-03-27 Listed $75,000 ARMLS