CMH Manufacturing 2x2 Plan · Tucson, AZ 85713

$89,000

2 bd · 2.0 ba · 990 sqft · Manufactured · 431 Days on market

Fair condition

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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 +28.2/30.0
• DSCR +10.0/10.0
• 1% rule +7.8/10.0
• ARV discount +7.5/15.0
• Livability +3.7/5.0
• Rent growth +2.6/5.0
• Condition / age +2.2/5.0
• Schools +1.6/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Verde Plaza Manufactured Home Community is a friendly community of comfortable manufactured homes located in Tucson, Arizona. Our community is the perfect place to live if you want to be in a peaceful neighborhood with a great sense of community. We offer charming homes and lots for every need and every budget. Our dedicated on-site team professionally manages, maintains, and takes pride in the community. Pets are welcome, as are any new residents who share our commitment of keeping Verde Plaza Manufactured Home Community a wonderful place to live!

Key facts

• Listed 430 days

🏗️ New construction. The $89,000 list price is a builder figure, so every metric below is computed on the value from comparable previous sales — $95,431.

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $89k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $-122 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $78k (12.7% below list).
• Meets the 1% rule at list price ($1k rent vs $89k).
• Recommended offer: $78k (12.7% below list) — sets the bar for cash-flow.
• Cap rate 10.1% vs local median 3.7% in Tucson — 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 (#17 in AZ, #4,502 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: health & safety C-, schools D+, crime F.
• Tucson Unified District (4403) (urban): math 14% / reading 23% proficiency, ranked #190 of 249 in AZ (top 76%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: Rents flat; 267 active listings in the ZIP; 26 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 5,268 units permitted in Pima County in 2024 (996 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $660 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Pima County population projected at +8% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 431 days — a 12% lower offer ($78k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); severe wildfire risk; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $77,726 (12.7% 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 431 days. Have you received any prior offers? Is the seller open to a 13% concession, seller financing, or rate buy-down credit?
3. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
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. 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?
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: 1.28% ✓
• Cap rate: 10.12%
• Cash-on-cash: 13.66%
• DSCR: 1.61
• GRM: 6.5

CMA / ARV

• ARV (median comp): $95,431
• List price: $89,000
• Delta: -6.74%
• Verdict: FAIR
• Comps: 4 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2640 S Cottonwood Ln #40	0.22mi	2/2.0	932 (-6%)	7mo	$119,000	$128	74

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 · 0.21% rent growth · sell at horizon

5-year hold

• IRR: -31.0%
• Equity multiple: 0.02×
• Total profit: $-26,308
• Equity at exit: $14,229

10-year hold

• IRR: -72.6%
• Equity multiple: -0.67×
• Total profit: $-44,732
• Equity at exit: $8,251

Cash invested: $26,721 (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 85713

• Home prices YoY: -24.5%
• Rents YoY: 0.2%
• Active inventory: 267
• Price-to-rent: 6.1×

Monthly cashflow live

• Estimated rent: $1,220 high
• Mortgage (P&I): −$500
• Tax est. 1.5%: −$119 /mo · $1,431/yr
• Insurance: −$40
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$256
• Net cashflow: $-122

Break-even live

Break-even rent $1,375

Max offer price $77,726

Occupancy floor —

Sensitivity live

Price	-10% $-56	-5% $-89	+0% $-122	+5% $-155	+10% $-188
Rent	-10% $-219	-5% $-171	+0% $-122	+5% $-74	+10% $-26
Rate	-1.0pp $-74	-0.5pp $-98	base $-122	+0.5pp $-147	+1.0pp $-172

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: $23,858
• Closing costs: $2,863
• Reserves months: —
• Total cash needed: —

Rent comps 26 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1325 W Silverlake Rd Tucson, AZ	2.0–3.0	2.0	990	$1,400	$1.41	13d	2	0.27mi
2410 S Mission Rd Tucson, AZ	3.0	1.0–2.0	620	$1,175	$1.90	45d	10	0.49mi
1880 S San Antonio Dr Unit 1871SANJOSE Tucson, AZ	2.0	1.0	850	$1,050	$1.24	4d	1	0.58mi
1880 S San Antonio Dr Unit 1851SANJOSE Tucson, AZ	2.0	1.0	850	$1,095	$1.29	22d	1	0.58mi
1880 S San Antonio Dr Tucson, AZ	2.0	1.0	850	$1,095	$1.29	25d	2	0.58mi
2800 S Mission Rd Tucson, AZ	3.0	1.0–2.0	663	$1,252	$1.89	3d	23	0.63mi
673 W 41st St #1 Tucson, AZ	2.0	1.0	700	$1,000	$1.43	25d	1	0.85mi
1975 W 36th St Tucson, AZ	1.0–2.0	1.0	667	$1,284	$1.92	4d	1	0.98mi
1240 W Ajo Way Tucson, AZ	2.0	1.0	530	$850	$1.60	4d	7	1.07mi
1502 W Ajo Way Tucson, AZ	1.0–2.0	1.0	713	$844	$1.18	4d	4	1.10mi
3601 S 16th Ave Tucson, AZ	2.0	1.0	523	$1,025	$1.96	45d	1	1.11mi
416 W 44th St Unit 1 Tucson, AZ	1.0	1.0	780	$900	$1.15	25d	1	1.13mi
3420 S Clark Ave Tucson, AZ	3.0	2.0	1100	$1,495	$1.36	13d	1	1.14mi
238 W 33rd St Unit D Tucson, AZ	1.0	1.0	550	$695	$1.26	45d	1	1.15mi
3511 S 12th Ave Unit 1101 Tucson, AZ	2.0	1.0	752	$950	$1.26	45d	1	1.17mi
3619 S 14th Ave Tucson, AZ	2.0	1.0	869	$1,410	$1.62	45d	1	1.18mi
251 W 38th St Tucson, AZ	3.0	2.0	1050	$1,700	$1.62	45d	1	1.22mi
251 W 38th St Tucson, AZ	3.0	2.0	1050	$1,800	$1.71	15d	1	1.22mi
3450 S Liberty Ave Unit 2 Tucson, AZ	3.0	2.0	950	$1,475	$1.55	45d	1	1.27mi
205 W 25th St Tucson, AZ	2.0	1.0	800	$1,350	$1.69	45d	1	1.34mi
39 W 30th St Unit B Tucson, AZ	2.0	1.0	820	$874	$1.07	18d	1	1.34mi
39 W 30th St Unit B Tucson, AZ	2.0	1.0	820	$874	$1.07	45d	1	1.34mi
2411 S 6th Ave Unit 8 Tucson, AZ	2.0	1.0	700	$845	$1.21	22d	1	1.39mi
2411 S 6th Ave Unit 15 Tucson, AZ	2.0	1.0	850	$905	$1.06	22d	1	1.40mi
2411 S 6th Ave Unit 16 Tucson, AZ	2.0	1.0	850	$1,025	$1.21	22d	1	1.40mi
1213 S 9th Ave Tucson, AZ	2.0	1.0	800	$1,200	$1.50	4d	1	1.40mi

Listing history 20 events

1. 2026-06-21
   days on market $89,000 Active 431 DOM
2. 2026-06-18
   days on market $89,000 Active 428 DOM
3. 2026-06-17
   days on market $89,000 Active 427 DOM
4. 2026-06-16
   days on market $89,000 Active 426 DOM
5. 2026-06-15
   days on market $89,000 Active 425 DOM
6. 2026-06-13
   days on market $89,000 Active 423 DOM
7. 2026-06-10
   days on market $89,000 Active 420 DOM
8. 2026-06-09
   days on market $89,000 Active 419 DOM
9. 2026-06-08
   days on market $89,000 Active 418 DOM
10. 2026-06-07
    days on market $89,000 Active 417 DOM
11. 2026-06-05
    days on market $89,000 Active 414 DOM
12. 2026-06-03
    days on market $89,000 Active 413 DOM
13. 2026-06-02
    days on market $89,000 Active 412 DOM
14. 2026-06-01
    days on market $89,000 Active 411 DOM
15. 2026-05-31
    days on market $89,000 Active 410 DOM
16. 2025-06-23
    status Active 554-char remark

    Show marketing remark (554 chars)

    Verde Plaza Manufactured Home Community is a friendly community of comfortable manufactured homes located in Tucson, Arizona. Our community is the perfect place to live if you want to be in a peaceful neighborhood with a great sense of community. We offer charming homes and lots for every need and every budget. Our dedicated on-site team professionally manages, maintains, and takes pride in the community. Pets are welcome, as are any new residents who share our commitment of keeping Verde Plaza Manufactured Home Community a wonderful place to live!

17. 2025-05-24
    historical 554-char remark

    Show marketing remark (554 chars)

    Verde Plaza Manufactured Home Community is a friendly community of comfortable manufactured homes located in Tucson, Arizona. Our community is the perfect place to live if you want to be in a peaceful neighborhood with a great sense of community. We offer charming homes and lots for every need and every budget. Our dedicated on-site team professionally manages, maintains, and takes pride in the community. Pets are welcome, as are any new residents who share our commitment of keeping Verde Plaza Manufactured Home Community a wonderful place to live!

18. 2025-05-01
    status Active 554-char remark

    Show marketing remark (554 chars)

    Verde Plaza Manufactured Home Community is a friendly community of comfortable manufactured homes located in Tucson, Arizona. Our community is the perfect place to live if you want to be in a peaceful neighborhood with a great sense of community. We offer charming homes and lots for every need and every budget. Our dedicated on-site team professionally manages, maintains, and takes pride in the community. Pets are welcome, as are any new residents who share our commitment of keeping Verde Plaza Manufactured Home Community a wonderful place to live!

19. 2025-05-01
    historical 554-char remark

    Show marketing remark (554 chars)

    Verde Plaza Manufactured Home Community is a friendly community of comfortable manufactured homes located in Tucson, Arizona. Our community is the perfect place to live if you want to be in a peaceful neighborhood with a great sense of community. We offer charming homes and lots for every need and every budget. Our dedicated on-site team professionally manages, maintains, and takes pride in the community. Pets are welcome, as are any new residents who share our commitment of keeping Verde Plaza Manufactured Home Community a wonderful place to live!

20. 2025-03-18
    listed $89,000 Active 554-char remark

    Show marketing remark (554 chars)

    Verde Plaza Manufactured Home Community is a friendly community of comfortable manufactured homes located in Tucson, Arizona. Our community is the perfect place to live if you want to be in a peaceful neighborhood with a great sense of community. We offer charming homes and lots for every need and every budget. Our dedicated on-site team professionally manages, maintains, and takes pride in the community. Pets are welcome, as are any new residents who share our commitment of keeping Verde Plaza Manufactured Home Community a wonderful place to live!

ⓘ 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 4/10 Moderate FEMA zone AE · 20% chance over 30 yrs
• 🔥 Wildfire 10/10 Extreme
• 🌡 Heat 8/10 Severe 7 d/yr ≥107°F today · 19 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: $14,638
• − Mortgage interest: −$5,346
• − Property taxes: −$1,431
• − Insurance: −$5,596
• − Repairs & maintenance: −$1,171
• − Management: −$1,171
• − Depreciation: −$2,776
• Taxable loss: −$2,853
• Est. tax savings @ 24.0%: +$685
• After-tax cash flow: $-784/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 · 1 photo

Fair 45/100 Moderate rehab

The home requires moderate repairs and maintenance to improve its condition and value. Painting, replacing countertops, and appliances would be the highest-ROI updates.

Repairs flagged

• Moderate countertops — Worn appearance
• Moderate appliances — Worn appearance

Value-add opportunities

• Both Paint interior walls — Fresh paint can improve the home's appearance and value.
• Both Replace countertops — New countertops can significantly improve the home's appearance and functionality.
• Both Replace appliances — Modern appliances can improve the home's functionality and appeal to potential buyers/renters.

Renovation cost estimate screening

Repair item	Severity	Est. cost
countertops · Worn appearance	Moderate	$3,000–15,000
appliances · Worn appearance	Moderate	$3,000–15,000
Total estimated repair cost · 2 items		$6,000–30,000

Value-add ROI direction

• Both Paint interior walls — Fresh paint can improve the home's appearance and value. ↑
• Both Replace countertops — New countertops can significantly improve the home's appearance and functionality. ↑
• Both Replace appliances — Modern appliances can improve the home's functionality and appeal to potential buyers/renters. ↑

ⓘ 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: Tucson Unified District (4403)
• NCES district ID: 0408800
• Math proficiency: 14% ▼ -17.00%
• Reading proficiency: 23% ▼ -11.00%
• Median HH income: $40,962
• Composite: 15.78/100
• National rank: #9270
• State rank: #190 of 249 in AZ

Livability — Tucson

• Score: 74/100
• State rank: #17
• US rank: #4502

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Tucson, AZ
• County: Pima County · 1,012,107 people
• City population: 839,336
• Metro: Tucson, AZ
• Population (ZIP): 46,439
• Household income: $53,152
• Rent vs Own: 37.2% rent · 62.8% own
• Severe rent burden: 1517.0

Population outlook (Pima County) Hauer SSP2

• Today (2025): 1,066,056 people
• By 2030: 1,086,684 · +1.9%
• By 2040: 1,117,160 · +4.8%
• By 2050: 1,149,778 · +7.9%
• By 2075: 1,271,480 · +19.3%
• By 2100: 1,321,160 · +23.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Hispanic (70%)
• Race & ethnicity: Hispanic / Latino 70% Two or more races 30% White 21% Native American 5% Black 3% Asian 1%
• Hispanic origin (detail): Mexican 67%
• Common ancestry: Italian 1% Lithuanian 1% Portuguese 1%
• Foreign-born: 19% · Canada, China
• Languages at home: 49% English-only · Spanish 49%

Political lean MEDSL · Pima

• 2024 margin: D (+15.2) · D 57.0% · R 41.8% · Other 1.2%
• 2008→2024 swing: +9.1pp toward D · 2008: 6.1pp · 2024: 15.2pp
• All cycles: 2024: D+15.2 2020: D+18.7 2016: D+13.5 2012: D+5.8 2008: D+6.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -107.07%
• Current HPI: 329.8338
• Rent YoY: ▲ 0.21%
• Metro: Tucson, 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

5 events — show timeline

• 2025-06-23 Relisted — Zillow
• 2025-05-24 Delisted — Zillow
• 2025-05-01 Relisted — Zillow
• 2025-05-01 Delisted — Zillow
• 2025-03-18 Listed $89,000 Zillow