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19802 N 32nd St #169
C Composite 56.93
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 +22.5/30.0
  • 1% rule +7.5/10.0
  • DSCR +7.5/10.0
  • ARV discount +7.5/15.0
  • Condition / age +4.0/5.0
  • Livability +3.8/5.0
  • Schools +3.6/10.0
  • Rent growth +3.0/5.0
  • Appreciation +2.5/10.0
  • Manufactured-home adj. -4.9

$98,000

19802 N 32nd St #169 · Phoenix, AZ 85050
3 bd · 2.0 ba · 1,568 sqft · Manufactured · 205 Days on market
Manufactured home 55+ age-restricted Built 2000 Good condition $62/sqft · 53% below area ↓ 13% since listing

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

Listing remarks MLS

This well-maintained Cavco home, built in 2000, offers 1,568 sq ft of comfortable living. Bright, open floor plan with separate dining area and a large eat-in kitchen featuring a breakfast bar, stainless steel appliances, sink, quartz counters, and updated cabinets. Split 3-bed, 2-bath layout. Spacious primary suite includes a walk-in closet and separate tub and shower. Recent improvements include new carpet on deck, newer hot water tank, flooring, refrigerator, and kitchen upgrades. Energy-efficient dual-pane windows, programmable thermostat, and garbage disposal. Exterior highlights include two large storage sheds, fenced yard ideal for pets, and a corner lot. Located in a gated 55+ community with pool, clubhouse, and pet park. Buyer must be park approved prior to submitting an offer.

Key facts

  • Open floor plan
  • Quartz counters
  • Large eat-in kitchen

Tags

OPEN FLOOR PLANLARGE EAT-IN KITCHENBREAKFAST BARSTAINLESS STEEL APPLIANCESQUARTZ COUNTERSUPDATED CABINETS

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 3-bed/2.0-bath manufactured listed at $98k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $862 ($10k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($2k rent vs $98k).
  • Recommended offer: $86k (12.0% below list) — sets the bar for market timing.
  • Cap rate 16.9% vs local median 3.3% in Phoenix — 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 75/100 on livability (#16 in AZ, #3,924 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, housing A+; Watch: health & safety C-, crime F.
  • Paradise Valley Unified District (4241) (urban): math 39% / reading 46% proficiency, ranked #56 of 249 in AZ (top 22%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
  • Zoned schools: Sunset Canyon School (math 16% / reading 25%, grade F, #729 of 1,109 statewide, top 67%, 366 students, 54% FRL); Mountain Trail Middle School (math 33% / reading 41%, grade F, #57 of 218 statewide, top 27%, 680 students, 24% FRL); Pinnacle High School (math 49% / reading 54%, grade D+, #35 of 381 statewide, top 9%, 2,479 students, 8% FRL) — zoned schools at 29% FRL track the district average.
  • Market conditions: Rents rising (+2.0%/yr); 265 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); 42% 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).
  • This rent is only 17% of the median local income ($140k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

  • Local home prices are declining (-3.0%/yr); year-one equity from $678 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
  • Maricopa County population projected at +38% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
  • At projected returns (-3.0% appreciation + 2.0% rent growth), your $27k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

  • It's been on market 205 days — a 12% lower offer ($86k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

  • Climate carrying-cost: extreme-heat days projected 6→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer $86,240 (12.0% below list)

Questions for the listing agent

  1. It's been on market 205 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
  2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  4. Crime grade is F 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?
  5. 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.
  6. 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.
  7. 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
1.99%
Cap rate
16.85%
Cash-on-cash
37.71%
DSCR
2.68
GRM
4.2

CMA / ARV

ARV (median comp)
$207,514
List price
$98,000
Delta
-52.77%
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
19602 N 32nd St #50 0.18mi 3/2.0 1,597 (+2%) 0mo $95,000 $59 88
19802 N 32nd St #98 0.10mi 3/2.0 1,614 (+3%) 6mo $65,000 $40 85
19802 N 32nd St #144 0.10mi 2/2.0 (-1) 1,617 (+3%) 4mo $80,000 $49 82
19602 N 32nd St #35 0.18mi 3/2.0 1,586 (+1%) 11mo $105,000 $66 81
19802 N 32nd St #156 0.00mi 2/2.0 (-1) 1,344 (-14%) 0mo $88,000 $65 71
2956 E Sequoia Dr 0.26mi 3/2.0 1,680 (+7%) 11mo $260,000 $155 66
3013 E Beardsley Rd 0.22mi 3/2.0 1,796 (+14%) 3mo $172,500 $96 63
2801 E Wahalla Ln 0.42mi 3/2.0 1,456 (-7%) 7mo $327,500 $225 63
19802 N 32nd St #76 0.10mi 2/2.0 (-1) 1,344 (-14%) 5mo $124,900 $93 62
2938 E Tonto Ln 0.27mi 3/2.0 1,362 (-13%) 6mo $300,000 $220 60
2701 E Utopia Rd #208 0.61mi 2/2.0 (-1) 1,440 (-8%) 3mo $85,000 $59 51
2610 E Tonto Ln 0.62mi 3/2.0 1,344 (-14%) 8mo $250,000 $186 41

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 · 1.98% rent growth · sell at horizon

5-year hold
IRR
32.6%
Equity multiple
2.35×
Total profit
$37,083
Equity at exit
$14,612
10-year hold
IRR
39.0%
Equity multiple
4.47×
Total profit
$95,161
Equity at exit
$8,473

Cash invested: $27,440 (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.
Balanced market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
8 active · 4 under contract
Months of supply
6.0 mo (17%/mo absorbed)
Median asking
$130,000 ($86/sqft)
Median days on market
56 d
This list price
12% of active listings are priced below it
ARV vs active asking
+53.1% above current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 85050

Home prices YoY
-21.9%
Rents YoY
2.0%
Active inventory
265
Price-to-rent
4.2×

Monthly cashflow live

Estimated rent
$1,949 high interval (Pro) →
Mortgage (P&I)
$514
Tax est. 1.5%
$122 /mo · $1,470/yr
Insurance
$41
HOA
$0
Lot rent leased land?
$0
Vacancy / Maint / Mgmt
$409
Net cashflow
$862

Break-even live

Break-even rent $857
Max offer price $98,000
Occupancy floor 51%

Sensitivity live

Price -10% $930 -5% $896 +0% $862 +5% $828 +10% $794
Rent -10% $708 -5% $785 +0% $862 +5% $939 +10% $1,016
Rate -1.0pp $912 -0.5pp $887 base $862 +0.5pp $837 +1.0pp $811

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
$24,500
Closing costs
$2,940
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 40 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
3150 E Beardsley Rd #1006 Phoenix, AZ 3.0 2.5 1361 $2,000 $1.47 26d 1 0.22mi
20223 N 30th St Phoenix, AZ 3.0 2.0 1467 $2,200 $1.50 10d 1 0.29mi
19611 N 33rd St Phoenix, AZ 4.0 3.0 2019 $2,930 $1.45 10d 1 0.30mi
3039 E Hononegh Dr Phoenix, AZ 3.0 2.0 1520 $1,929 $1.27 7d 1 0.30mi
19246 N 31st St Phoenix, AZ 4.0 2.0 1370 $2,375 $1.73 57d 1 0.34mi
2934 E Blackhawk Dr Phoenix, AZ 3.0 2.0 1467 $2,180 $1.49 31d 1 0.34mi
3142 E Kristal Way Phoenix, AZ 3.0 2.5 1600 $2,235 $1.40 18d 1 0.36mi
3321 E Blackhawk Dr Phoenix, AZ 3.0 2.0 1564 $2,495 $1.60 52d 1 0.36mi
3321 E Blackhawk Dr Phoenix, AZ 3.0 2.0 1564 $2,495 $1.60 36d 1 0.36mi
3235 E Hononegh Dr Phoenix, AZ 3.0 2.0 1356 $2,100 $1.55 24d 1 0.36mi
3206 E Kristal Way Phoenix, AZ 3.0 2.5 1610 $2,395 $1.49 2d 1 0.37mi
3133 E Kristal Way Phoenix, AZ 3.0 2.5 1602 $2,250 $1.40 13d 1 0.38mi
3358 E Wickieup Ln Phoenix, AZ 4.0 2.0 2111 $3,000 $1.42 13d 1 0.42mi
3411 E Escuda Rd Phoenix, AZ 4.0 2.0 1602 $3,500 $2.18 2d 1 0.42mi
3402 E Oraibi Dr Phoenix, AZ 3.0 2.0 1551 $2,400 $1.55 24d 1 0.42mi
3402 E Oraibi Dr Phoenix, AZ 3.0 2.0 1551 $2,400 $1.55 7d 1 0.42mi
3220 E Kerry Ln Phoenix, AZ 3.0 2.0 1370 $2,099 $1.53 36d 1 0.44mi
3220 E Kerry Ln Phoenix, AZ 3.0 2.0 1370 $2,099 $1.53 43d 1 0.44mi
3122 E Topeka Dr Phoenix, AZ 3.0 2.0 1272 $2,100 $1.65 71d 1 0.44mi
19455 N 34th St Phoenix, AZ 3.0 2.0 1551 $2,100 $1.35 24d 1 0.44mi
3415 E Menadota Dr Phoenix, AZ 3.0 2.5 1814 $2,500 $1.38 47d 1 0.45mi
19816 N 34th Pl Phoenix, AZ 3.0 2.0 1187 $2,250 $1.90 28d 1 0.45mi
3002 E Jeanette Ct Phoenix, AZ 3.0 2.0 1748 $2,495 $1.43 17d 1 0.46mi
2766 E Rimrock Dr Phoenix, AZ 4.0 2.0 1800 $2,699 $1.50 30d 1 0.47mi
19819 N 34th Pl Phoenix, AZ 3.0 2.0 1602 $2,250 $1.40 17d 1 0.49mi
3259 E Kerry Ln Phoenix, AZ 3.0 2.0 1370 $2,115 $1.54 21d 1 0.50mi
19460 N 27th Pl Phoenix, AZ 4.0 2.0 1598 $3,500 $2.19 42d 1 0.51mi
3056 E Siesta Ln Phoenix, AZ 3.0 2.0 1476 $2,375 $1.61 62d 1 0.53mi
2636 E Tonto Ln Phoenix, AZ 3.0 2.0 1850 $2,800 $1.51 73d 1 0.53mi
3049 E Siesta Ln Phoenix, AZ 3.0 2.0 1272 $2,195 $1.73 2d 1 0.56mi
19654 N 36th St Phoenix, AZ 3.0 2.0 1638 $2,600 $1.59 67d 1 0.60mi
3214 E Siesta Ln Phoenix, AZ 2.0 2.0 1228 $2,200 $1.79 73d 1 0.61mi
3301 E Wescott Dr Phoenix, AZ 3.0 2.0 1101 $1,995 $1.81 73d 1 0.67mi
2500 E Marco Polo Rd Phoenix, AZ 2.0 1.0–2.0 918 $2,455 $2.67 2d 16 0.74mi
19635 N Cave Creek Rd Phoenix, AZ 1.0–3.0 1.0–2.0 1083 $1,979 $1.83 2d 8 0.75mi
18626 N 29th Pl Phoenix, AZ 4.0 2.0 1600 $2,495 $1.56 36d 1 0.78mi
18626 N 29th Pl Phoenix, AZ 4.0 2.0 1599 $2,495 $1.56 42d 1 0.78mi
3438 E Rockwood Dr Phoenix, AZ 2.0 2.0 1090 $2,249 $2.06 7d 1 0.85mi
3438 E Rockwood Dr Phoenix, AZ 2.0 2.0 1090 $2,249 $2.06 10d 1 0.85mi
3708 E Kerry Ln Phoenix, AZ 3.0 2.5 1813 $2,800 $1.54 18d 1 0.87mi

Listing history 50 events

  1. 2026-08-08
    days on market $98,000 Active 205 DOM
  2. 2026-08-06
    days on market $98,000 Active 203 DOM
  3. 2026-08-05
    days on market $98,000 Active 202 DOM
  4. 2026-08-04
    days on market $98,000 Active 201 DOM
  5. 2026-08-03
    days on market $98,000 Active 200 DOM
  6. 2026-07-31
    days on market $98,000 Active 197 DOM
  7. 2026-07-30
    days on market $98,000 Active 196 DOM
  8. 2026-07-30
    days on market $98,000 Active 195 DOM
  9. 2026-07-28
    days on market $98,000 Active 194 DOM
  10. 2026-07-26
    days on market $98,000 Active 192 DOM
  11. 2026-07-24
    days on market $98,000 Active 190 DOM
  12. 2026-07-23
    days on market $98,000 Active 189 DOM
  13. 2026-07-22
    days on market $98,000 Active 188 DOM
  14. 2026-07-21
    days on market $98,000 Active 187 DOM
  15. 2026-07-20
    days on market $98,000 Active 186 DOM
  16. 2026-07-18
    days on market $98,000 Active 184 DOM
  17. 2026-07-18
    days on market $98,000 Active 183 DOM
  18. 2026-07-16
    days on market $98,000 Active 182 DOM
  19. 2026-07-15
    days on market $98,000 Active 181 DOM
  20. 2026-07-14
    days on market $98,000 Active 180 DOM
  21. 2026-07-13
    days on market $98,000 Active 179 DOM
  22. 2026-07-13
    days on market $98,000 Active 178 DOM
  23. 2026-07-11
    days on market $98,000 Active 177 DOM
  24. 2026-07-10
    days on market $98,000 Active 176 DOM
  25. 2026-07-09
    days on market $98,000 Active 175 DOM
  26. 2026-07-07
    days on market $98,000 Active 173 DOM
  27. 2026-07-06
    days on market $98,000 Active 172 DOM
  28. 2026-07-06
    days on market $98,000 Active 171 DOM
  29. 2026-07-05
    days on market $98,000 Active 170 DOM
  30. 2026-07-03
    days on market $98,000 Active 169 DOM
  31. 2026-07-02
    days on market $98,000 Active 168 DOM
  32. 2026-07-01
    days on market $98,000 Active 167 DOM
  33. 2026-06-30
    days on market $98,000 Active 166 DOM
  34. 2026-06-29
    days on market $98,000 Active 165 DOM
  35. 2026-06-28
    days on market $98,000 Active 164 DOM
  36. 2026-06-27
    days on market $98,000 Active 163 DOM
  37. 2026-06-26
    days on market $98,000 Active 162 DOM
  38. 2026-06-24
    days on market $98,000 Active 160 DOM
  39. 2026-06-22
    days on market $98,000 Active 158 DOM
  40. 2026-06-21
    days on market $98,000 Active 157 DOM
  41. 2026-06-18
    days on market $98,000 Active 154 DOM
  42. 2026-06-17
    pricedays on market $98,000 Active 153 DOM
  43. 2026-06-16
    days on market $109,000 Active 152 DOM
  44. 2026-06-15
    days on market $109,000 Active 151 DOM
  45. 2026-06-13
    days on market $109,000 Active 149 DOM
  46. 2026-06-13
    days on market $109,000 Active 148 DOM
  47. 2026-06-09
    days on market $109,000 Active 145 DOM
  48. 2026-06-08
    days on market $109,000 Active 144 DOM
  49. 2026-06-07
    days on market $109,000 Active 143 DOM
  50. 2026-06-04
    days on market $109,000 Active 140 DOM

ⓘ 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 1/10 Low FEMA zone X (shaded) · 0% chance over 30 yrs
  • 🔥 Wildfire 4/10 Moderate
  • 🌡 Heat 8/10 Severe 6 d/yr ≥111°F today · 17 d/yr by 30 yrs out
  • 💨 Wind 1/10 Low
  • 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 5 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
$23,384
− Mortgage interest
−$5,490
− Property taxes
−$1,470
− Insurance
−$490
− Repairs & maintenance
−$1,871
− Management
−$1,871
− Depreciation
−$2,851
Taxable income
$9,342
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$2,242
After-tax cash flow
$8,104/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

Good 80/100 Cosmetic rehab Est. rehab $7,840–$23,520 screening

This well-maintained 2000 Cavco home offers a good condition with updated features and a good curb appeal. It is ready for a new owner to move in.

Value-add opportunities

  • Both Paint exterior — Fresh paint can enhance curb appeal and value
  • Both Replace ceiling fans — Ceiling fans can improve air circulation and comfort
  • Both Install smart thermostat — Smart thermostat can improve energy efficiency and comfort

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 36/100

Zoned Schools

Elementary Sunset Canyon School F AZ #729/1,109 Nat'l #33,158/41,679 Middle Mountain Trail Middle School F AZ #57/218 Nat'l #6,830/14,009 High Pinnacle High School D+ AZ #35/381 Nat'l #5,269/17,239

Schools (NCES district)

District
Paradise Valley Unified District (4241)
NCES district ID
0405930
Math proficiency
39% ▼ -11.00%
Reading proficiency
46% ▼ -7.00%
Median HH income
$64,106
Composite
37.89/100
National rank
#4316
State rank
#56 of 249 in AZ
B Composite livability gradescore 75/100

Livability — Phoenix

Score
75/100
State rank
#16
US rank
#3924

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Phoenix, AZ
County
Maricopa County · 4,979,203 people
City population
1,500,198
Metro
Phoenix-Mesa-Chandler, AZ
Population (ZIP)
33,118
Household income
$139,836
Rent vs Own
20.9% rent · 79.1% own
Severe rent burden
17% of renters

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
Predominantly White (71%)
Race & ethnicity
White 71% Hispanic / Latino 11% Two or more races 11% Asian 9% Black 2%
Hispanic origin (detail)
Mexican 8%
Common ancestry
Romanian 5% Italian 4% Lithuanian 3%
Foreign-born
15% · Canada, China, Vietnam
Languages at home
82% English-only · Spanish 6% Other Indo-European 5% Other Asian/Pacific 2%

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

Price history

-12.7% since first listed
5 events — show timeline
  • 2026-04-22 Price Changed $109,000 ARMLS
  • 2026-03-29 Price Changed $115,000 ARMLS
  • 2026-02-23 Price Changed $121,000 ARMLS
  • 2026-02-04 Price Changed $123,000 ARMLS
  • 2026-01-15 Listed $124,900 ARMLS

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…