8697 Campbell Cir · White Mountain Lake, AZ 85901

$220,000

2 bd · 2.0 ba · 1,024 sqft · Manufactured public records · 12 Days on market

Built 1996 10,018 sqft lot Est $234k · 6% under

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Why this score? — see what drove the D+ 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 +15.9/30.0
• ARV discount +10.3/15.0
• DSCR +4.9/10.0
• Livability +3.1/5.0
• 1% rule +3.0/10.0
• Schools +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Cute 2 bed 2 bath freshly painted and new flooring, Move in ready , Fenced for pets and has a 12x16 Weatherking building that conveys with sale. Has lake privileges , Must see

Key facts

• Lake privileges
• Fenced area
• 0.23 acre lot

Tags

• FENCED AREA
• WEATHERKING STORAGE BUILDING
• LAKE PRIVILEGES

Property features AI

Finance

• Other: Road maintenance by county; Zoning R1-10; Approximately 0.23 acres
• HOA & community: No HOA

Exterior

• Utilities: APS electric available; Individual electric meter; Metered water (Voyager Water Co); Propane available (tank leased); Bottled gas available; Sewer not available
• Home design: Manufactured/Mobile home; Single wide; One story
• Construction: Metal roof
• Exterior features: Covered deck; Double pane windows; Partly fenced lot; Private adjoining property

Interior

• Kitchen: Electric range
• Flooring: Laminate
• Heating & cooling: Central A/C; Forced air heating; Bottled gas heating; Electric water heater
• Interior features: Smoke detector; Tub/shower
• Laundry & utility: Washer and dryer in hallway

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $220k.

Deal economics

• At list price, monthly cash flow is $106 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $176k (20.0% below list).
• Recommended offer: $176k (20.0% below list) — sets the bar for 1% rule.
• Cap rate 6.9% vs local median 4.4% in White Mountain Lake — 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 62/100 on livability (#141 in AZ) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime B+; Watch: amenities F, commute F, employment F.
• Show Low Unified District (4393) (rural): math 32% / reading 39% proficiency, ranked #89 of 249 in AZ (top 36%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Nikolaus Homestead Elementary School (math 40% / reading 44%, grade F, #371 of 1,109 statewide, top 34%, 389 students, 42% FRL); Show Low Junior High School (math 29% / reading 34%, grade F, #78 of 218 statewide, top 36%, 587 students, 45% FRL); Show Low High School (math 22% / reading 37%, grade F, #120 of 381 statewide, top 34%, 877 students, 31% FRL).
• Market conditions: 897 active listings in the ZIP; 485 units permitted in Navajo County in 2024 (11 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Navajo County population projected at -16% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• Only 12 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $120k; list at $220k implies a 83% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: moderate wildfire risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $175,921 (20.0% below list)

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 F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
3. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
4. 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.
5. 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.
6. 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: 0.80% ✗
• Cap rate: 6.87%
• Cash-on-cash: 2.06%
• DSCR: 1.09
• GRM: 10.4

CMA / ARV

• ARV (on-the-fly): $234,496
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
8633 Cox Dr	0.35mi	3/2.0 (+1)	870 (-15%)	12mo	$199,000	$229	44

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: -13.1%
• Equity multiple: 0.53×
• Total profit: $-29,036
• Equity at exit: $32,803

10-year hold

• IRR: -4.2%
• Equity multiple: 0.72×
• Total profit: $-17,097
• Equity at exit: $19,022

Cash invested: $61,600 (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 85901

• Home prices YoY: -14.5%
• Active inventory: 897
• Price-to-rent: 10.4×

Monthly cashflow live

• Estimated rent: $1,759 medium
• Mortgage (P&I): −$1,154
• Tax from tax record: −$39 /mo · $464/yr
• Insurance: −$92
• HOA: −$0
• Vacancy / Maint / Mgmt: −$369
• Net cashflow: $106

Break-even live

Break-even rent $1,625

Max offer price $220,000

Occupancy floor 89%

Sensitivity live

Price	-10% $230	-5% $168	+0% $106	+5% $43	+10% $-283
Rent	-10% $-33	-5% $36	+0% $106	+5% $175	+10% $245
Rate	-1.0pp $216	-0.5pp $162	base $106	+0.5pp $49	+1.0pp $-9

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: $55,000
• Closing costs: $6,600
• Reserves months: —
• Total cash needed: —

Listing history 12 events

1. 2026-06-22
   days on market $220,000 Active 12 DOM
2. 2026-06-21
   days on market $220,000 Active 11 DOM
3. 2026-06-19
   days on market $220,000 Active 9 DOM
4. 2026-06-18
   days on market $220,000 Active 8 DOM
5. 2026-06-17
   days on market $220,000 Active 7 DOM
6. 2026-06-16
   days on market $220,000 Active 6 DOM
7. 2026-06-16
   remarks 648-char remark
8. 2026-06-16
   price $220,000 Active 5 DOM
9. 2026-06-15
   days on market $242,000 Active 5 DOM
10. 2026-06-14
    days on market $242,000 Active 3 DOM
11. 2026-06-12
    remarks 606-char remark
12. 2026-06-12
    listed $242,000 Active 2 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast AZ · Resets to sale price

• Current annual tax: $464 · $39/mo
• Projected year-2 tax: $1,452 · $121/mo
• Expected delta: +$988/yr (+$82/mo · 212.7%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 3/10 Moderate 7 d/yr ≥90°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,111
• − Mortgage interest: −$12,323
• − Property taxes: −$464
• − Insurance: −$1,100
• − Repairs & maintenance: −$1,689
• − Management: −$1,689
• − Depreciation: −$6,400
• Taxable loss: −$2,555
• Est. tax savings @ 24.0%: +$613
• After-tax cash flow: $1,882/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.

Schools (NCES district)

• District: Show Low Unified District (4393)
• NCES district ID: 0407700
• Math proficiency: 32% ▼ -9.00%
• Reading proficiency: 39% ▼ -4.00%
• Median HH income: $41,240
• Composite: 29.9/100
• National rank: #6387
• State rank: #89 of 249 in AZ

Livability — White Mountain Lake

• Score: 62/100
• State rank: #141
• US rank: #16914

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: White Mountain Lake, AZ
• Population (ZIP): 18,821

Population outlook (Navajo County) Hauer SSP2

• Today (2025): 105,760 people
• By 2030: 103,301 · -2.3%
• By 2040: 97,070 · -8.2%
• By 2050: 88,850 · -16.0%
• By 2075: 65,180 · -38.4%
• By 2100: 37,281 · -64.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (77%)
• Race & ethnicity: White 77% Hispanic / Latino 16% Two or more races 11% Native American 2%
• Hispanic origin (detail): Mexican 12%
• Common ancestry: Slovak 2% Lithuanian 2% Italian 2%
• Foreign-born: 4% · Canada
• Languages at home: 92% English-only · Spanish 7% Tagalog/Filipino 1%

Political lean MEDSL · Navajo

• 2024 margin: R (+17.2) · D 40.9% · R 58.1%
• 2008→2024 swing: -5.5pp toward R · 2008: -11.7pp · 2024: -17.2pp
• All cycles: 2024: R+17.2 2020: R+8.2 2016: R+7.9 2012: R+8.4 2008: R+11.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -65.52%
• Current HPI: 386.3007
• 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

+8244.8% since first listed

4 events — show timeline

• 2026-06-10 Listed $242,000 WMMLS
• 2021-04-12 Sold (Public Records) $120,000 Public Records
• 2021-04-12 Sold (MLS) $120,000 WMMLS
• 2015-07-30 Sold (MLS) $2,900 WMMLS

Property tax history

+16.7%/yr

Latest (2025): $464 · +3.0% YoY. Source: county tax records.