1110 N Henness Rd Unit 2307-02307 · Casa Grande, AZ 85122

$154,995

2 bd · 2.0 ba · 1,179 sqft · Manufactured · 177 Days on market

Manufactured home Built 2026 Good condition $131/sqft · 36% below area Est $241k · 36% 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).

• ARV discount +15.0/15.0
• Cash flow +12.5/30.0
• Condition / age +4.0/5.0
• DSCR +3.7/10.0
• Rent growth +3.7/5.0
• 1% rule +3.6/10.0
• Livability +2.9/5.0
• Appreciation +2.5/10.0
• Schools +1.4/10.0
• Manufactured-home adj. -3.9

Listing remarks

Welcome to this beautiful new 2 bedroom, 2 bath home located at 2307 Rocky Mountain Drive. This spacious home features a desirable island kitchen complete with stainless steel appliances and offering plenty of counter space for cooking, entertaining and everyday living. The thoughtfully designed floor plan includes a dedicated laundry room for added convenience and a generous primary suite featuring a walk-in closet and a private ensuite bathroom with a step-shower. Guests will appreciate the comfortable second bedroom and full bath, perfect for visitors or a home office set up.

Key facts

• Island kitchen
• Walk-in closet
• Step-shower

Tags

• ISLAND KITCHEN
• STAINLESS STEEL APPLIANCES
• DEDICATED LAUNDRY ROOM
• WALK-IN CLOSET
• PRIVATE ENSUITE BATHROOM
• STEP-SHOWER

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $155k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-22 ($-269/yr) — negative.
• To cash-flow at today's rent, offer at most $152k (2.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $133k (14.4% below list).
• Recommended offer: $133k (14.4% below list) — sets the bar for 1% rule.
• Cap rate 6.1% vs local median 3.9% in Casa Grande — 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 58/100 on livability (#220 in AZ) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: crime D+, employment D+, amenities F.
• Casa Grande Union High School District (4453) (suburban): math 14% / reading 21% proficiency, ranked #193 of 249 in AZ (top 78%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Mesquite Elementary School (math 12% / reading 17%, grade F, #898 of 1,109 statewide, top 83%, 467 students, 85% FRL); Cactus Middle School (math 11% / reading 19%, grade F, #156 of 218 statewide, top 72%, 779 students, 63% FRL); Vista Grande High School (math 10% / reading 16%, grade F, #279 of 381 statewide, top 73%, 1,790 students, 54% FRL).
• Market conditions: Rents rising fast (+4.6%/yr); 1052 active listings in the ZIP; 22 comparable units currently listed for rent nearby; rentals leasing fast (median 1d on market — plan ~1-2 weeks tenant-placement turnaround); 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 $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 177 days — a 12% lower offer ($136k) is reasonable based on typical stale-listing flexibility.

Recommended offer $132,751 (14.4% 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 177 days. Have you received any prior offers? Is the seller open to a 14% concession, seller financing, or rate buy-down credit?
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 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?
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. 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?
8. 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.
9. 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.
10. 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: 0.86% ✗
• Cap rate: 6.12%
• Cash-on-cash: -0.62%
• DSCR: 0.97
• GRM: 9.7

CMA / ARV

• ARV (median comp): $240,865
• List price: $154,995
• Delta: -35.65%
• Verdict: UNDERPRICED
• Comps: 2 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1110 N Henness Rd #2126	0.51mi	2/2.0	1,202 (+2%)	0mo	$250,000	$208	73
1873 E Birch St	0.41mi	2/2.0	1,237 (+5%)	3mo	$227,000	$184	70
1547 E 12th St	1.05mi	2/2.0	1,218 (+3%)	2mo	$266,900	$219	58
1829 E Sandalwood Rd	0.47mi	2/2.0	1,297 (+10%)	6mo	$255,000	$197	56
1647 E Krystal St	1.24mi	3/2.0 (+1)	1,198 (+2%)	3mo	$281,000	$235	55
1547 E Melrose Dr	0.99mi	2/2.0	1,275 (+8%)	7mo	$228,000	$179	45
1570 E Earl Dr	0.96mi	2/2.0	1,275 (+8%)	7mo	$250,000	$196	45
1553 E Prickly Pear Pl	1.38mi	3/2.0 (+1)	1,281 (+9%)	2mo	$285,000	$222	44
1552 E Manor Dr	0.97mi	2/2.0	1,275 (+8%)	9mo	$235,500	$185	44
1718 E Birch St	0.66mi	2/2.0	1,013 (-14%)	5mo	$248,000	$245	42
1533 E Laurel Dr	1.05mi	2/2.0	1,458 (+24%)	4mo	$205,832	$141	36
1386 E 10th Pl	1.43mi	2/2.0	939 (-20%)	7mo	$249,900	$266	34

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 · 4.6% rent growth · sell at horizon

5-year hold

• IRR: -15.5%
• Equity multiple: 0.44×
• Total profit: $-24,352
• Equity at exit: $23,110

10-year hold

• IRR: -4.5%
• Equity multiple: 0.68×
• Total profit: $-13,756
• Equity at exit: $13,401

Cash invested: $43,399 (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 →

Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 33 active · 1 under contract
• Months of supply: 198.0 mo (1%/mo absorbed)
• Median asking: $159,995 ($137/sqft)
• Median days on market: 141 d
• This list price: lowest-priced of the active set
• ARV vs active asking: +48.9% above current asking $/sqft

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

ZIP-level market 85122

• Home prices YoY: -22.4%
• Rents YoY: 4.6%
• Active inventory: 1052
• Price-to-rent: 9.7×

Monthly cashflow live

• Estimated rent: $1,328 high
• Mortgage (P&I): −$813
• Tax est. 1.5%: −$194 /mo · $2,325/yr
• Insurance: −$65
• HOA: −$0
• Lot rent leased land?: −$0
• Vacancy / Maint / Mgmt: −$279
• Net cashflow: $-22

Break-even live

Break-even rent $1,356

Max offer price $151,753

Occupancy floor 97%

Sensitivity live

Price	-10% $85	-5% $31	+0% $-22	+5% $-76	+10% $-130
Rent	-10% $-127	-5% $-75	+0% $-22	+5% $30	+10% $82
Rate	-1.0pp $56	-0.5pp $17	base $-22	+0.5pp $-63	+1.0pp $-103

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: $38,749
• Closing costs: $4,650
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 22 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1110 Henness Rd Casa Grande, AZ	2.0	2.0	1166	$1,649	$1.41	7d	1	0.39mi
1762 E Sycamore Rd Casa Grande, AZ	3.0	2.0	1273	$3,500	$2.75	0d	1	0.65mi
1767 E Sycamore Rd Casa Grande, AZ	3.0	2.0	1306	$1,600	$1.23	0d	1	0.66mi
1727 E Birch St Casa Grande, AZ	3.0	2.0	1196	$1,595	$1.33	32d	1	0.66mi
1771 E McMurray Blvd Casa Grande, AZ	1.0–2.0	1.0	733	$1,395	$1.90	0d	1	0.73mi
1682 E Kielly Ln Casa Grande, AZ	3.0	2.0	1494	$2,400	$1.61	99d	1	0.75mi
1565 N Wildflower Dr Casa Grande, AZ	1.0–3.0	1.0–2.0	998	$1,335	$1.34	0d	6	0.78mi
1000 N Arizola Rd Casa Grande, AZ	2.0	1.0–2.0	621	$1,290	$2.08	37d	22	0.79mi
422 N Via Del Cielo Rd Casa Grande, AZ	1.0–3.0	1.0–2.5	1090	$1,945	$1.78	0d	29	0.97mi
1821 E Florence Blvd Casa Grande, AZ	1.0–3.0	1.0–2.0	1091	$1,684	$1.54	0d	1	1.05mi
1620 E Silver Reef Dr Casa Grande, AZ	3.0	2.0	1202	$1,575	$1.31	165d	1	1.11mi
1715 N Peart Rd Casa Grande, AZ	2.0–4.0	1.0–2.0	1221	$1,349	$1.10	0d	23	1.12mi
1450 E Cottonwood Ln Casa Grande, AZ	1.0–2.0	1.0–2.0	821	$1,695	$2.06	0d	57	1.24mi
1650 E Jardin Pl Casa Grande, AZ	3.0	2.0	1411	$1,695	$1.20	165d	1	1.28mi
255 N Camino Mercado Casa Grande, AZ	1.0–3.0	1.0–2.0	1041	$1,574	$1.51	0d	47	1.29mi
1636 E Jardin Pl Casa Grande, AZ	3.0	2.0	1411	$1,799	$1.27	119d	1	1.30mi
1456 E 9th St #118 Casa Grande, AZ	2.0	2.0	1495	$1,325	$0.89	79d	1	1.34mi
2071 N St Bonita Ln Casa Grande, AZ	3.0	2.0	1300	$1,625	$1.25	0d	1	1.37mi
1456 E 9th St Casa Grande, AZ	2.0–3.0	2.0	1703	$1,299	$0.76	0d	2	1.38mi
1389 E Anna Dr Casa Grande, AZ	3.0	2.0	1248	$1,575	$1.26	0d	1	1.41mi
1766 E Bishop Pl Casa Grande, AZ	3.0	2.0	1301	$1,840	$1.41	119d	1	1.44mi
1449 E Oneil Dr Casa Grande, AZ	1.0–2.0	1.0–2.0	859	$1,518	$1.77	0d	170	1.47mi

Property features AI

Finance

• Other: Listing status: ActiveLast updated May 15, 2026
• Financial info: List price $189,995

Exterior

• Home design: Spec inventory homePlan: 1110 North Henness Rd 2307
• Exterior features: Located at 1110 N Henness Rd, Casa Grande, AZ 85122

Interior

• Bedrooms: 2 bedrooms
• Bathrooms: 2 bathrooms (full)
• Interior features: Living area of 1179

Listing history 50 events

1. 2026-11-08
   days on market $154,995 Active 177 DOM
2. 2026-11-07
   days on market $154,995 Active 176 DOM
3. 2026-11-06
   days on market $154,995 Active 175 DOM
4. 2026-11-05
   days on market $154,995 Active 174 DOM
5. 2026-11-04
   days on market $154,995 Active 173 DOM
6. 2026-11-02
   days on market $154,995 Active 171 DOM
7. 2026-11-01
   days on market $154,995 Active 170 DOM
8. 2026-10-31
   days on market $154,995 Active 169 DOM
9. 2026-10-30
   days on market $154,995 Active 168 DOM
10. 2026-10-29
    days on market $154,995 Active 167 DOM
11. 2026-10-28
    days on market $154,995 Active 166 DOM
12. 2026-10-27
    days on market $154,995 Active 165 DOM
13. 2026-10-26
    days on market $154,995 Active 164 DOM
14. 2026-10-25
    days on market $154,995 Active 163 DOM
15. 2026-10-24
    days on market $154,995 Active 162 DOM
16. 2026-10-23
    days on market $154,995 Active 161 DOM
17. 2026-10-22
    days on market $154,995 Active 160 DOM
18. 2026-10-21
    days on market $154,995 Active 159 DOM
19. 2026-10-20
    days on market $154,995 Active 158 DOM
20. 2026-10-19
    days on market $154,995 Active 157 DOM
21. 2026-10-18
    days on market $154,995 Active 156 DOM
22. 2026-10-17
    days on market $154,995 Active 155 DOM
23. 2026-10-16
    days on market $154,995 Active 154 DOM
24. 2026-10-15
    days on market $154,995 Active 153 DOM
25. 2026-10-14
    days on market $154,995 Active 152 DOM
26. 2026-10-13
    days on market $154,995 Active 151 DOM
27. 2026-10-12
    days on market $154,995 Active 150 DOM
28. 2026-10-11
    days on market $154,995 Active 149 DOM
29. 2026-10-10
    days on market $154,995 Active 148 DOM
30. 2026-10-09
    days on market $154,995 Active 147 DOM
31. 2026-10-08
    days on market $154,995 Active 146 DOM
32. 2026-10-07
    days on market $154,995 Active 145 DOM
33. 2026-10-06
    days on market $154,995 Active 144 DOM
34. 2026-10-05
    days on market $154,995 Active 143 DOM
35. 2026-10-04
    days on market $154,995 Active 142 DOM
36. 2026-10-03
    days on market $154,995 Active 141 DOM
37. 2026-10-02
    days on market $154,995 Active 140 DOM
38. 2026-10-01
    days on market $154,995 Active 139 DOM
39. 2026-09-30
    days on market $154,995 Active 138 DOM
40. 2026-09-29
    days on market $154,995 Active 137 DOM
41. 2026-09-28
    days on market $154,995 Active 136 DOM
42. 2026-09-27
    days on market $154,995 Active 135 DOM
43. 2026-09-26
    days on market $154,995 Active 134 DOM
44. 2026-09-25
    days on market $154,995 Active 133 DOM
45. 2026-09-24
    days on market $154,995 Active 132 DOM
46. 2026-09-23
    days on market $154,995 Active 131 DOM
47. 2026-09-22
    days on market $154,995 Active 130 DOM
48. 2026-09-21
    days on market $154,995 Active 129 DOM
49. 2026-09-20
    days on market $154,995 Active 128 DOM
50. 2026-09-19
    days on market $154,995 Active 127 DOM

ⓘ 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: $15,930
• − Mortgage interest: −$8,682
• − Property taxes: −$2,325
• − Insurance: −$775
• − Repairs & maintenance: −$1,274
• − Management: −$1,274
• − Depreciation: −$4,509
• Taxable loss: −$2,910
• Est. tax savings @ 24.0%: +$698
• After-tax cash flow: $429/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 · 7 photos

Good 80/100 None rehab

This beautiful new 2-bedroom, 2-bath home is in excellent condition with a spacious kitchen and well-maintained exterior. It offers a great value for both resale and rental markets with minimal updates needed to maximize its potential.

Value-add opportunities

• Both Painting the exterior and interior walls — Fresh paint can enhance the home's curb appeal and interior aesthetics. ↑
• Both Landscaping improvements — Enhanced landscaping can increase the home's curb appeal and attract more potential buyers or renters. ↑
• Both Adding smart home features — Smart home features can increase the home's value by making it more energy-efficient and convenient for potential buyers or renters. ↑
• Both Upgrading the kitchen appliances — Upgrading to more modern or energy-efficient appliances can increase the home's value and appeal to a wider range of potential buyers or renters. ↑

F Composite school gradezoned avg 14/100

Zoned Schools

Elementary Mesquite Elementary School F AZ #898/1,109 Nat'l #36,758/41,679 Middle Cactus Middle School F AZ #156/218 Nat'l #12,634/14,009 High Vista Grande High School F AZ #279/381 Nat'l #15,688/17,239

Schools (NCES district)

• District: Casa Grande Union High School District (4453)
• NCES district ID: 0401740
• Math proficiency: 14% ▼ -15.00%
• Reading proficiency: 21% ▼ -10.00%
• Median HH income: $45,373
• Composite: 15.38/100
• National rank: #9319
• State rank: #193 of 249 in AZ

D Composite livability gradescore 58/100

Livability — Casa Grande

• Score: 58/100
• State rank: #220
• US rank: #21534

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Casa Grande, AZ
• County: Pinal County · 437,574 people
• City population: 69,701
• Metro: Phoenix-Mesa-Chandler, AZ
• Population (ZIP): 61,624
• Household income: $68,443
• Rent vs Own: 28.6% rent · 71.4% own
• Severe rent burden: 15% of renters

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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%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.63)
• Race & ethnicity: Hispanic / Latino 44% White 42% Two or more races 21% Black 4% Native American 4% Asian 1%
• Hispanic origin (detail): Mexican 40%
• Languages at home: 75% English-only · Spanish 23% Tagalog/Filipino 1% Other Indo-European 1%

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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: ▼ -67.32%
• Current HPI: 233.148
• Rent YoY: ▲ 4.60%
• Metro: Phoenix-Mesa-Chandler, AZ
• State GDP YoY: ▲ 4.54%
• F500 in state: 20

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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

Property features AI

Finance

• Other: Listing status: ActiveLast updated May 15, 2026
• Financial info: List price $189,995

Exterior

• Home design: Spec inventory homePlan: 1110 North Henness Rd 2307
• Exterior features: Located at 1110 N Henness Rd, Casa Grande, AZ 85122

Interior

• Bedrooms: 2 bedrooms
• Bathrooms: 2 bathrooms (full)
• Interior features: Living area of 1179