10950 W Union Hills Dr #2415 · Peoria, AZ 85373

$89,900

1 bd · 1.0 ba · 700 sqft · Manufactured · 4 Days on market

Built 2005 Good condition $128/sqft · 16% below area Est $107k · 16% under ↓ 5% 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 +30.0/30.0
• ARV discount +14.6/15.0
• DSCR +10.0/10.0
• 1% rule +9.5/10.0
• Condition / age +4.0/5.0
• Livability +3.8/5.0
• Schools +3.5/10.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Tucked within the welcoming, resort-style community of Paradise RV Resort, this thoughtfully cared-for home offers the perfect blend of comfort, charm, and peace of mind. From the moment you arrive, you can sense that this is a home where every improvement was made with intention--no shortcuts, just quality upgrades designed to make everyday living easy and enjoyable. You're immediately greeted by modern wood-plank style laminate flooring throughout the home. NO carpet! The kitchen has been beautifully updated to feel both stylish and functional. Quartz countertops complemented by painted cabinets, tile backsplash, and ceramic sink that adds a fresh, modern touch. Perfect for morning coffee, casual meals, or hosting friends after a day enjoying the community amenities. As you move through the home, you'll notice the careful attention to detail that continues throughout. The bathroom is opened with a stylish sliding barn door to be greeted to a beautifully tiled shower, giving the space a clean and polished feel. A unique feature is the fully enclosed and permanently attached laundry/utility/mud room. Where the washer, dryer & 2nd fridge come with the home! Beyond the stylish updates, this home also offers overlooked upgrades that truly matter--a new roof and all new ductwork installed beneath the home that ensures efficient airflow and improved comfort throughout the seasons. This isn't just a property--it's a home that has been thoughtfully updated, carefully maintained, and lovingly improved so the next owner can move in and immediately start enjoying it. Come see it for yourself and discover how easily this home could become your perfect place in the Arizona sunshine.

Key facts

• Quartz countertops
• Painted cabinets
• Updated kitchen

Tags

• UPDATED KITCHEN
• QUARTZ COUNTERTOPS
• PAINTED CABINETS
• TILE BACKSPLASH
• CERAMIC SINK
• STYLISH SLIDING BARN DOOR

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath manufactured listed at $90k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $409 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $90k).
• Cap rate 11.7% vs local median 3.3% in Peoria — 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 76/100 on livability (#14 in AZ, #3,603 nationally) — a middle-class / working-renter tenant base. Strengths: housing A+, commute A, employment A; Watch: cost of living C-, amenities D, health & safety F.
• Peoria Unified School District (4237) (suburban): math 36% / reading 42% proficiency, ranked #64 of 249 in AZ (top 26%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 53 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 36,011 units permitted in Maricopa County in 2024 (12,801 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $622 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 + 3.0% rent growth), your $25k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.

Recommended offer $89,900

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
3. 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.
4. 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.
5. 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: 1.45% ✓
• Cap rate: 11.75%
• Cash-on-cash: 19.49%
• DSCR: 1.87
• GRM: 5.7

CMA / ARV

• ARV (median comp): $106,672
• List price: $89,900
• Delta: -10.94%
• Verdict: UNDERPRICED
• Comps: 8 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
19063 N Mark Ln	0.29mi	1/1.0	672 (-4%)	16mo	$125,000	$186	66

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 11.5%
• Equity multiple: 1.46×
• Total profit: $11,485
• Equity at exit: $13,404

10-year hold

• IRR: 20.5%
• Equity multiple: 2.73×
• Total profit: $43,603
• Equity at exit: $7,773

Cash invested: $25,172 (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 85373

• Active inventory: 53
• Price-to-rent: 5.7×

Monthly cashflow live

• Estimated rent: $1,304 medium
• Mortgage (P&I): −$471
• Tax est. 1.5%: −$112 /mo · $1,348/yr
• Insurance: −$37
• HOA: −$0
• Vacancy / Maint / Mgmt: −$274
• Net cashflow: $409

Break-even live

Break-even rent $786

Max offer price $89,900

Occupancy floor 64%

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: $22,475
• Closing costs: $2,697
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
10134 W Mohawk Ln Peoria, AZ	2.0	1.0–2.0	827	$1,149	$1.39	43d	1	1.47mi

Listing history 11 events

1. 2026-06-18
   days on market $89,900 Active 4 DOM
2. 2026-06-17
   days on market $89,900 Active 3 DOM
3. 2026-06-16
   days on market $89,900 Active 2 DOM
4. 2026-06-15
   pricedays on marketlisting id $89,900 Active 1 DOM
5. 2026-06-04
   days on market $94,999 Active 79 DOM
6. 2026-06-03
   days on market $94,999 Active 78 DOM
7. 2026-06-02
   days on market $94,999 Active 77 DOM
8. 2026-06-01
   days on market $94,999 Active 76 DOM
9. 2026-05-31
   days on market $94,999 Active 75 DOM
10. 2026-05-15
    price $94,999 1704-char remark

    Show marketing remark (1704 chars)

    Tucked within the welcoming, resort-style community of Paradise RV Resort, this thoughtfully cared-for home offers the perfect blend of comfort, charm, and peace of mind. From the moment you arrive, you can sense that this is a home where every improvement was made with intention--no shortcuts, just quality upgrades designed to make everyday living easy and enjoyable. You're immediately greeted by modern wood-plank style laminate flooring throughout the home. NO carpet! The kitchen has been beautifully updated to feel both stylish and functional. Quartz countertops complemented by painted cabinets, tile backsplash, and ceramic sink that adds a fresh, modern touch. Perfect for morning coffee, casual meals, or hosting friends after a day enjoying the community amenities. As you move through the home, you'll notice the careful attention to detail that continues throughout. The bathroom is opened with a stylish sliding barn door to be greeted to a beautifully tiled shower, giving the space a clean and polished feel. A unique feature is the fully enclosed and permanently attached laundry/utility/mud room. Where the washer, dryer & 2nd fridge come with the home! Beyond the stylish updates, this home also offers overlooked upgrades that truly matter--a new roof and all new ductwork installed beneath the home that ensures efficient airflow and improved comfort throughout the seasons. This isn't just a property--it's a home that has been thoughtfully updated, carefully maintained, and lovingly improved so the next owner can move in and immediately start enjoying it. Come see it for yourself and discover how easily this home could become your perfect place in the Arizona sunshine.

11. 2026-03-18
    listed $99,999 Active 1704-char remark

    Show marketing remark (1704 chars)

    Tucked within the welcoming, resort-style community of Paradise RV Resort, this thoughtfully cared-for home offers the perfect blend of comfort, charm, and peace of mind. From the moment you arrive, you can sense that this is a home where every improvement was made with intention--no shortcuts, just quality upgrades designed to make everyday living easy and enjoyable. You're immediately greeted by modern wood-plank style laminate flooring throughout the home. NO carpet! The kitchen has been beautifully updated to feel both stylish and functional. Quartz countertops complemented by painted cabinets, tile backsplash, and ceramic sink that adds a fresh, modern touch. Perfect for morning coffee, casual meals, or hosting friends after a day enjoying the community amenities. As you move through the home, you'll notice the careful attention to detail that continues throughout. The bathroom is opened with a stylish sliding barn door to be greeted to a beautifully tiled shower, giving the space a clean and polished feel. A unique feature is the fully enclosed and permanently attached laundry/utility/mud room. Where the washer, dryer & 2nd fridge come with the home! Beyond the stylish updates, this home also offers overlooked upgrades that truly matter--a new roof and all new ductwork installed beneath the home that ensures efficient airflow and improved comfort throughout the seasons. This isn't just a property--it's a home that has been thoughtfully updated, carefully maintained, and lovingly improved so the next owner can move in and immediately start enjoying it. Come see it for yourself and discover how easily this home could become your perfect place in the Arizona sunshine.

ⓘ 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: $15,646
• − Mortgage interest: −$5,036
• − Property taxes: −$1,348
• − Insurance: −$450
• − Repairs & maintenance: −$1,252
• − Management: −$1,252
• − Depreciation: −$2,615
• Taxable income: $3,694
• Est. tax owed @ 24.0%: −$886
• After-tax cash flow: $4,019/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

This well-maintained, updated manufactured home in a resort-style community offers a blend of comfort and charm. It is ready for immediate occupancy and can be further enhanced with exterior painting and window cleaning to boost its value.

Value-add opportunities

• Both paint exterior — Enhances curb appeal and can increase both resale and rental value
• Both clean windows — Improves natural light and can increase both resale and rental value

Renovation cost estimate screening

Value-add ROI direction

• Both paint exterior — Enhances curb appeal and can increase both resale and rental value ↑
• Both clean windows — Improves natural light and can increase both resale and rental value ↑

ⓘ 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: Peoria Unified School District (4237)
• NCES district ID: 0406250
• Math proficiency: 36% ▼ -14.00%
• Reading proficiency: 42% ▼ -8.00%
• Median HH income: $60,171
• Composite: 34.62/100
• National rank: #5152
• State rank: #64 of 249 in AZ

Livability — Peoria

• Score: 76/100
• State rank: #14
• US rank: #3603

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Peoria, AZ
• County: Maricopa County · 4,537,380 people
• City population: 206,687
• Metro: Phoenix-Mesa-Chandler, AZ
• Population (ZIP): 20,254
• Household income: $72,063
• Rent vs Own: 11.6% rent · 88.4% own
• Severe rent burden: 383.0

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 (84%)
• Race & ethnicity: White 84% Hispanic / Latino 9% Two or more races 9% Black 2% Asian 1%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Romanian 4% Portuguese 3% Lithuanian 3%
• Foreign-born: 6% · Canada, South Korea
• Languages at home: 91% English-only · Spanish 5% Russian/Polish/Slavic 1% Arabic 1%

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: —

Market trends

• HPI YoY: ▼ -327.80%
• Current HPI: 261.3749
• Rent YoY: —
• 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

-5.0% since first listed

2 events — show timeline

• 2026-05-15 Price Changed $94,999 ARMLS
• 2026-03-18 Listed $99,999 ARMLS