200 E Knox Rd #91 · Chandler, AZ 85225

$77,700

2 bd · 2.0 ba · 980 sqft · Manufactured · 22 Days on market

Built 1981 Fair condition Est $64k · 22% over

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +4.8/10.0
• Livability +3.9/5.0
• Condition / age +2.2/5.0
• Rent growth +2.1/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

***LOCATION LOCATION LOCATION***2 BEDROOM,2 FULL BATH, NEW DUAL PANE WINDOWS, CENTRAL AC,TANDEM 2 CAR COVERED PARKING,***LOT RENT $553.00***home is a quick drive to shops, restaurants and casinos. Generous amenities in this 55+ park include heated saltwater pool, spa, clubhouse, billiards, shuffleboard, Bingo, and group activities.

Key facts

• 2 parking spots
• Community pool
• Built 1981

Property features AI

Finance

• HOA & community: Land lease of $615 per month; No association fees included; Community features include pool and community spa (heated)

Exterior

• Parking: 2 covered parking spaces; 2 carport spaces
• Utilities: City water; Public sewer
• Home design: Manufactured/mobile home; Leasehold ownership
• Construction: Vinyl siding; Wood frame construction; Composition roof
• Exterior features: Screened-in patio(s); Outdoor storage; Gravel/stone front; Gravel/stone back

Interior

• Kitchen: Laminate countertops; Pantry; Eat-in kitchen; Dishwasher; Disposal
• Bedrooms: 2 possible bedrooms
• Flooring: Linoleum; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heating; Central air conditioning; Ceiling fans
• Interior features: High-speed internet; Master bedroom on the ground floor; Eat-in kitchen; 9+ foot flat ceilings; No interior steps; Pantry; 3/4 bath in master bedroom; Laminate counters; Dishwasher; Disposal
• Laundry & utility: Indoor laundry

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $78k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $768 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $78k).
• Recommended offer: $77k (1.5% below list) — sets the bar for market timing.
• Cap rate 18.2% vs local median 3.3% in Chandler — 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 78/100 on livability (#9 in AZ, #2,508 nationally) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+, crime A-; Watch: health & safety D, cost of living D-.
• Chandler Unified District #80 (4242) (suburban): math 49% / reading 57% proficiency, ranked #31 of 249 in AZ (top 12%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents soft (-1.7%/yr); 182 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 19d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 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 $537 of loan paydown is wiped out by about $2k 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 + 0.0% rent growth), your $22k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 22 days — a 2% lower offer ($77k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 2y ago 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.
• Current owner paid $40k; list at $78k implies a 94% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 6→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $76,534 (1.5% below list)

Questions for the listing agent

1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
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: 2.13% ✓
• Cap rate: 18.15%
• Cash-on-cash: 42.36%
• DSCR: 2.88
• GRM: 3.9

CMA / ARV

• ARV (on-the-fly): $63,700
• Comps found: 8

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
200 E Knox Rd #43	0.06mi	2/2.0	990 (+1%)	10mo	$80,000	$81	87
200 E Knox Rd #116	0.06mi	2/2.0	980 (0%)	15mo	$6,000	$6	85
200 E Knox Rd #47	0.06mi	2/2.0	1,024 (+4%)	12mo	$40,000	$39	79
200 E Knox Rd #145	0.00mi	2/2.0	840 (-14%)	1mo	$38,500	$46	75
200 E Knox Rd #18	0.06mi	2/2.0	1,056 (+8%)	12mo	$52,900	$50	74
200 E Knox Rd #60	0.06mi	2/2.0	1,056 (+8%)	18mo	$68,900	$65	70
501 E Ray Rd #211	0.64mi	3/2.0 (+1)	924 (-6%)	10mo	$65,000	$70	47
555 W Warner Rd #55	0.75mi	3/2.0 (+1)	1,104 (+13%)	3mo	$74,955	$68	37

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 35.6%
• Equity multiple: 2.45×
• Total profit: $31,503
• Equity at exit: $11,585

10-year hold

• IRR: 40.8%
• Equity multiple: 4.30×
• Total profit: $71,806
• Equity at exit: $6,718

Cash invested: $21,756 (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 85225

• Home prices YoY: -28.1%
• Rents YoY: -1.7%
• Active inventory: 182
• Price-to-rent: 3.9×

Monthly cashflow live

• Estimated rent: $1,652 high
• Mortgage (P&I): −$407
• Tax est. 1.5%: −$97 /mo · $1,166/yr
• Insurance: −$32
• HOA: −$0
• Vacancy / Maint / Mgmt: −$347
• Net cashflow: $768

Break-even live

Break-even rent $680

Max offer price $77,700

Occupancy floor 49%

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: $19,425
• Closing costs: $2,331
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
98 W Orchid Ln Unit 98-03 Chandler, AZ	2.0	1.0	800	$1,025	$1.28	44d	1	0.38mi
300 E Warner Rd Chandler, AZ	1.0–3.0	1.0–2.0	1030	$1,606	$1.56	2d	28	0.47mi
250 E Ray Rd Chandler, AZ	1.0–3.0	1.0–2.0	1073	$2,729	$2.54	19d	11	0.51mi
1970 N Hartford St #4 Chandler, AZ	2.0	1.5	849	$1,650	$1.94	44d	1	0.64mi
1970 N Hartford St #99 Chandler, AZ	2.0	2.5	1098	$1,850	$1.68	5d	1	0.64mi
1970 N Hartford St #99 Chandler, AZ	2.0	2.5	1098	$1,850	$1.68	11d	1	0.64mi
1970 N Hartford St #4 Chandler, AZ	2.0	1.5	849	$1,650	$1.94	24d	1	0.64mi
1320 N McQueen Rd Chandler, AZ	2.0	2.0	883	$1,427	$1.62	5d	1	0.69mi
1320 N McQueen Rd Chandler, AZ	2.0	2.0	851	$1,387	$1.63	24d	1	0.69mi
1320 N McQueen Rd Chandler, AZ	1.0	1.0	604	$1,112	$1.84	20d	1	0.69mi
235 E Ray Rd Chandler, AZ	2.0–3.0	2.0	1031	$1,559	$1.51	2d	9	0.71mi
1600 N Saba St #163 Chandler, AZ	2.0	1.5	870	$1,550	$1.78	11d	1	0.73mi
1600 N Saba St #115 Chandler, AZ	2.0	1.5	870	$1,368	$1.57	24d	1	0.73mi
433 W Ray Rd Chandler, AZ	2.0	1.0	770	$1,000	$1.30	44d	1	0.76mi
123 E Corporate Pl Chandler, AZ	1.0–3.0	1.0–2.0	1285	$2,642	$2.06	5d	91	0.80mi
1320 N McQueen Rd Unit A1 Chandler, AZ	1.0	1.0	604	$1,087	$1.80	22d	1	0.83mi
1320 N McQueen Rd Unit B1 Chandler, AZ	2.0	2.0	851	$1,227	$1.44	24d	1	0.83mi
771 N Delaware St Chandler, AZ	2.0	1.0	645	$1,400	$2.17	22d	1	0.86mi
2222 N McQueen Rd Chandler, AZ	1.0	1.0	880	$1,462	$1.66	22d	1	0.93mi
2222 N McQueen Rd Chandler, AZ	1.0	1.0	880	$1,689	$1.92	3d	1	0.93mi
822 W Knox Rd Chandler, AZ	2.0	1.0	850	$1,375	$1.62	4d	1	0.97mi
1351 N Pleasant Dr Unit 1545831P Chandler, AZ	1.0	1.0	990	$2,029	$2.05	13d	1	0.98mi
699 W Ray Rd #5 Chandler, AZ	2.0	1.0	825	$1,149	$1.39	11d	1	0.98mi
860 N McQueen Rd #1073 Chandler, AZ	2.0	2.5	1122	$1,799	$1.60	13d	1	1.07mi
1351 N Pleasant Dr Chandler, AZ	2.0	1.5–2.0	1121	$2,535	$2.26	11d	3	1.07mi
1287 N Alma School Rd Chandler, AZ	1.0–2.0	1.0–2.0	968	$1,895	$1.96	17d	2	1.17mi
859 W Ray Rd Apt 3 Chandler, AZ	2.0	1.0	832	$1,050	$1.26	3d	1	1.22mi
859 W Ray Rd Apt 3 Chandler, AZ	2.0	1.0	832	$1,225	$1.47	5d	1	1.22mi
859 W Ray Rd Apt 2 Chandler, AZ	2.0	1.0	832	$1,125	$1.35	22d	1	1.22mi
859 W Ray Rd Apt 2 Chandler, AZ	2.0	1.0	832	$1,125	$1.35	18d	1	1.22mi
498 N Arizona Ave Unit 7 Chandler, AZ	2.0	1.0	800	$1,900	$2.38	44d	1	1.23mi
498 N Arizona Ave Unit 7 Chandler, AZ	2.0	1.0	800	$1,850	$2.31	24d	1	1.23mi
418 N Colorado St Chandler, AZ	3.0	1.0	964	$1,950	$2.02	24d	1	1.29mi
418 N Colorado St Chandler, AZ	3.0	1.0	967	$1,950	$2.02	13d	1	1.29mi
774 E Carla Vista Dr Chandler, AZ	3.0	2.0	1076	$2,010	$1.87	44d	1	1.33mi
373 N Nevada St Unit LCAM373-375 Chandler, AZ	2.0	1.0	750	$1,300	$1.73	18d	1	1.37mi
1300 W Warner Rd Gilbert, AZ	1.0–3.0	1.0–2.0	880	$1,626	$1.85	2d	25	1.37mi
501 E Erie St Chandler, AZ	2.0	1.0	675	$1,895	$2.81	44d	1	1.38mi
501 E Erie St Unit B Chandler, AZ	2.0	1.0	675	$1,750	$2.59	5d	1	1.38mi
337 N Colorado St Unit 100-102 Chandler, AZ	2.0	2.0	900	$2,250	$2.50	44d	1	1.40mi

Listing history 21 events

1. 2026-06-18
   days on market $77,700 Active 22 DOM
2. 2026-06-17
   days on market $77,700 Active 21 DOM
3. 2026-06-16
   days on market $77,700 Active 20 DOM
4. 2026-06-15
   days on market $77,700 Active 19 DOM
5. 2026-06-13
   days on market $77,700 Active 17 DOM
6. 2026-06-13
   days on market $77,700 Active 16 DOM
7. 2026-06-09
   days on market $77,700 Active 13 DOM
8. 2026-06-08
   days on market $77,700 Active 12 DOM
9. 2026-06-07
   days on market $77,700 Active 11 DOM
10. 2026-06-04
    days on market $77,700 Active 8 DOM
11. 2026-06-03
    days on market $77,700 Active 7 DOM
12. 2026-06-02
    days on market $77,700 Active 6 DOM
13. 2026-06-01
    days on market $77,700 Active 5 DOM
14. 2026-05-31
    days on market $77,700 Active 4 DOM
15. 2026-05-27
    listed $77,700 Active
16. 2024-03-29
    soldstatus $40,000 Closed 333-char remark

    Show marketing remark (333 chars)

    ***LOCATION LOCATION LOCATION***2 BEDROOM,2 FULL BATH, NEW DUAL PANE WINDOWS, CENTRAL AC,TANDEM 2 CAR COVERED PARKING,***LOT RENT $553.00***home is a quick drive to shops, restaurants and casinos. Generous amenities in this 55+ park include heated saltwater pool, spa, clubhouse, billiards, shuffleboard, Bingo, and group activities.

17. 2024-03-06
    historical Under Contract Accepting Backups 333-char remark

    Show marketing remark (333 chars)

    ***LOCATION LOCATION LOCATION***2 BEDROOM,2 FULL BATH, NEW DUAL PANE WINDOWS, CENTRAL AC,TANDEM 2 CAR COVERED PARKING,***LOT RENT $553.00***home is a quick drive to shops, restaurants and casinos. Generous amenities in this 55+ park include heated saltwater pool, spa, clubhouse, billiards, shuffleboard, Bingo, and group activities.

18. 2024-02-21
    listed $42,000 Active 333-char remark

    Show marketing remark (333 chars)

    ***LOCATION LOCATION LOCATION***2 BEDROOM,2 FULL BATH, NEW DUAL PANE WINDOWS, CENTRAL AC,TANDEM 2 CAR COVERED PARKING,***LOT RENT $553.00***home is a quick drive to shops, restaurants and casinos. Generous amenities in this 55+ park include heated saltwater pool, spa, clubhouse, billiards, shuffleboard, Bingo, and group activities.

19. 2024-02-20
    soldstatus $40,000 Closed 333-char remark

    Show marketing remark (333 chars)

    ***LOCATION LOCATION LOCATION***2 BEDROOM,2 FULL BATH, NEW DUAL PANE WINDOWS, CENTRAL AC,TANDEM 2 CAR COVERED PARKING,***LOT RENT $553.00***home is a quick drive to shops, restaurants and casinos. Generous amenities in this 55+ park include heated saltwater pool, spa, clubhouse, billiards, shuffleboard, Bingo, and group activities.

20. 2024-02-13
    historical Under Contract Accepting Backups 333-char remark

    Show marketing remark (333 chars)

    ***LOCATION LOCATION LOCATION***2 BEDROOM,2 FULL BATH, NEW DUAL PANE WINDOWS, CENTRAL AC,TANDEM 2 CAR COVERED PARKING,***LOT RENT $553.00***home is a quick drive to shops, restaurants and casinos. Generous amenities in this 55+ park include heated saltwater pool, spa, clubhouse, billiards, shuffleboard, Bingo, and group activities.

21. 2024-01-29
    listed $42,000 Active 333-char remark

    Show marketing remark (333 chars)

    ***LOCATION LOCATION LOCATION***2 BEDROOM,2 FULL BATH, NEW DUAL PANE WINDOWS, CENTRAL AC,TANDEM 2 CAR COVERED PARKING,***LOT RENT $553.00***home is a quick drive to shops, restaurants and casinos. Generous amenities in this 55+ park include heated saltwater pool, spa, clubhouse, billiards, shuffleboard, Bingo, and group activities.

ⓘ 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 1/10 Low
• 🌡 Heat 9/10 Extreme 6 d/yr ≥111°F today · 15 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,821
• − Mortgage interest: −$4,352
• − Property taxes: −$1,166
• − Insurance: −$388
• − Repairs & maintenance: −$1,586
• − Management: −$1,586
• − Depreciation: −$2,260
• Taxable income: $8,483
• Est. tax owed @ 24.0%: −$2,036
• After-tax cash flow: $7,179/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 · 4 photos

Fair 45/100 Moderate rehab

This manufactured home requires moderate repairs and maintenance, including exterior siding, flooring, and windows. Upgrades to these areas would significantly enhance its resale and rental value.

Repairs flagged

• Major exterior siding — Significant wear and tear
• Major flooring — Worn carpet needs replacement
• Major windows — Older windows need replacement

Value-add opportunities

• Resale Paint exterior siding — Enhances curb appeal
• Resale Replace carpet — Fresh carpet improves comfort and value
• Resale Replace windows — Newer windows improve energy efficiency and appearance

Renovation cost estimate screening

Repair item	Severity	Est. cost
exterior siding · Significant wear and tear	Major	$15,000–50,000
flooring · Worn carpet needs replacement	Major	$15,000–50,000
windows · Older windows need replacement	Major	$15,000–50,000
Total estimated repair cost · 3 items		$45,000–150,000

Value-add ROI direction

• Resale Paint exterior siding — Enhances curb appeal ↑
• Resale Replace carpet — Fresh carpet improves comfort and value ↑
• Resale Replace windows — Newer windows improve energy efficiency and appearance ↑

ⓘ 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: Chandler Unified District #80 (4242)
• NCES district ID: 0401870
• Math proficiency: 49% ▼ -8.00%
• Reading proficiency: 57% ▼ -2.00%
• Median HH income: $74,048
• Composite: 47.54/100
• National rank: #2268
• State rank: #31 of 249 in AZ

Livability — Chandler

• Score: 78/100
• State rank: #9
• US rank: #2508

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Chandler, AZ
• County: Maricopa County · 4,537,380 people
• City population: 299,016
• Metro: Phoenix-Mesa-Chandler, AZ
• Population (ZIP): 72,297
• Household income: $88,676
• Rent vs Own: 38.3% rent · 61.7% own
• Severe rent burden: 2327.0

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: Diverse neighborhood (Simpson 0.65)
• Race & ethnicity: White 48% Hispanic / Latino 34% Two or more races 16% Black 7% Asian 6% Native American 2%
• Hispanic origin (detail): Mexican 29% Puerto Rican 1%
• Common ancestry: Romanian 2% Lithuanian 2% Portuguese 1%
• Foreign-born: 16% · Canada, Vietnam, China
• Languages at home: 72% English-only · Spanish 21% Vietnamese 1% Chinese 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: ▼ -128.25%
• Current HPI: 328.8354
• Rent YoY: ▼ -1.66%
• 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

+85.0% since first listed

7 events — show timeline

• 2026-05-27 Listed $77,700 ARMLS
• 2024-03-29 Sold (MLS) $40,000 ARMLS
• 2024-03-06 Contingent — ARMLS
• 2024-02-21 Listed $42,000 ARMLS
• 2024-02-20 Sold (MLS) $40,000 ARMLS
• 2024-02-13 Contingent — ARMLS
• 2024-01-29 Listed $42,000 ARMLS