350 Lee Ave #47 · Bullhead City, AZ 86429

$69,000

2 bd · 2.0 ba · 720 sqft · Manufactured · 61 Days on market

Built 2020 Good condition Est $90k · 23% under

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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 +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Condition / age +4.0/5.0
• Livability +3.2/5.0
• Rent growth +2.4/5.0
• Appreciation +2.2/10.0
• Schools +1.6/10.0

Listing remarks MLS

Charming and well-maintained 2020 manufactured home located in the desirable 55+ Carefree Mobile Home Park in Bullhead City. This beautiful 2-bedroom, 2-bath residence offers modern finishes, an open-concept layout, and comfortable living throughout. Enjoy a peaceful community setting just minutes from the Colorado River, shopping, dining, and local casinos. Perfect for full-time living or a relaxing desert getaway! Residency is a requirement of home purchase, see link to application below, subletting is not permitted. The Lot Rent is $585.00, (After 6/1/206 will be $603.00), Sewer is $36.26, Water is $31.91, Trash is $ 10.10, Total $663.27 + Electric. Electric is sub-metered at the lot and the above charges are added to the monthly lot rent statement, with all charges due at the 1st of the month. ELECTRIC: Based on Usage per month 15th of each Month is Meter Read Date, Customer Charge $24.31, First 400 kWh 0.08, Next 600 kWh 0.10, Over 1,000 kWh 0.11, Trash pickup in park. On Site USPS Mail also. Pets allowed upon approval. Laundry Facility on site. Pool w/ patio and showers/restrooms. Some homes have natural gas that would be provided through Southwest Gas Company 1-877-860-6020 OR sign up online at: swgas. com, TV & Internet providers in the area include: Tri-State WiFi, Optimum, Frontier, Dish, Direct, Cellular Carriers, etc. Mohave County Assessor: County Assesses Personal Property Taxes Annually on all MH Homes. Application $25.00 per person fee: Apply here: https://goodlc. twa. rentmanager.com/ApplyNow?propertyID=100 & locations=1

Key facts

• Open-concept layout
• Pool
• Built 2020

Tags

• OPEN-CONCEPT LAYOUT
• LAUNDRY FACILITY ON SITE
• POOL W PATIO AND SHOWERS

Property features AI

Finance

• HOA & community: Land is leased

Exterior

• Parking: Carport
• Utilities: Public water; Public sewer; 200+ amp electric service; Natural gas available and connected; Electricity available
• Home design: Manufactured home (single wide); Single-story; Entry level information not specified; Facing direction not specified
• Construction: Built by Clayton Homes; Other construction materials; Shingle roof; Mobile dimensions approximately 16' x 45'
• Exterior features: Level lot; Water-smart landscaping; Shed(s); Has view; Fiberglass pool

Interior

• Kitchen: Gas water heater
• Flooring: Wood flooring
• Bathrooms: 1 full bathroom; 1 three-quarter bathroom
• Heating & cooling: Central heating (electric); Central air conditioning (electric); Ceiling fan(s) for cooling; No heating specified in some records
• Interior features: Smart thermostat; Ceiling fans; Low-flow plumbing fixtures; Open floorplan; Low emissivity windows; Window coverings
• Laundry & utility: Indoor laundry; Gas dryer hookup

🏷️ Possibly a rental listed for sale. The $69,000 price doesn't fit this home's estimated sale value (~$90,000) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $69k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $511 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $69k).
• Recommended offer: $65k (6.0% below list) — sets the bar for market timing.
• Cap rate 15.2% vs local median 3.7% in Bullhead City — 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 64/100 on livability (#103 in AZ) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: health & safety C-, employment D, schools F.
• Bullhead City School District (4378) (town): math 16% / reading 22% proficiency, ranked #189 of 249 in AZ (top 76%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 68% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents soft (-0.6%/yr); 326 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 14d on market — plan ~3-4 weeks tenant-placement turnaround); 2,543 units permitted in Mohave County in 2024 (33 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $477 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Mohave County population projected to shrink 6% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 0.0% rent growth), your $19k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 61 days — a 6% lower offer ($65k) is reasonable based on typical stale-listing flexibility.
• 2 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

• Climate carrying-cost: extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $64,859 (6.0% below list)

Questions for the listing agent

1. It's been on market 61 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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.
7. 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.
8. 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: 1.81% ✓
• Cap rate: 15.19%
• Cash-on-cash: 31.76%
• DSCR: 2.41
• GRM: 4.6

CMA / ARV

• ARV (on-the-fly): $90,000
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
350 Lee Ave #47	0.00mi	2/2.0	720 (0%)	0mo	$60,000	$83	100
194 Lee Ave	0.31mi	2/1.0	808 (+12%)	20mo	$101,000	$125	45

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: 23.3%
• Equity multiple: 1.92×
• Total profit: $17,741
• Equity at exit: $10,288

10-year hold

• IRR: 29.2%
• Equity multiple: 3.24×
• Total profit: $43,296
• Equity at exit: $5,966

Cash invested: $19,320 (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 86429

• Home prices YoY: -1.8%
• Rents YoY: -0.6%
• Active inventory: 326
• Price-to-rent: 4.6×

Monthly cashflow live

• Estimated rent: $1,251 medium
• Mortgage (P&I): −$362
• Tax est. 1.5%: −$86 /mo · $1,035/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$263
• Net cashflow: $511

Break-even live

Break-even rent $604

Max offer price $69,000

Occupancy floor 54%

Sensitivity live

Price	-10% $559	-5% $535	+0% $511	+5% $488	+10% $464
Rent	-10% $413	-5% $462	+0% $511	+5% $561	+10% $610
Rate	-1.0pp $546	-0.5pp $529	base $511	+0.5pp $493	+1.0pp $475

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: $17,250
• Closing costs: $2,070
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
320 Lee Ave Bullhead City, AZ	2.0	1.0	675	$1,100	$1.63	14d	1	0.07mi
125 Lee Ave #106 Bullhead City, AZ	1.0	1.0	600	$995	$1.66	14d	1	0.41mi
441 Moser Ave Bullhead City, AZ	1.0–3.0	1.0–2.0	883	$1,650	$1.87	14d	3	0.43mi

Listing history 9 events

1. 2026-06-05
   statusdays on market $69,000 Pending 61 DOM
2. 2026-06-02
   days on market $69,000 Active 60 DOM
3. 2026-06-01
   days on market $69,000 Active 59 DOM
4. 2026-05-31
   days on market $69,000 Active 58 DOM
5. 2026-05-30
   pricedays on market $69,000 Active 57 DOM
6. 2026-05-05
   price $69,500

   Show marketing remark (1584 chars)

   Charming and well-maintained 2020 manufactured home located in the desirable 55+ Carefree Mobile Home Park in Bullhead City. This beautiful 2-bedroom, 2-bath residence offers modern finishes, an open-concept layout, and comfortable living throughout. Enjoy a peaceful community setting just minutes from the Colorado River, shopping, dining, and local casinos. Perfect for full-time living or a relaxing desert getaway! Residency is a requirement of home purchase, see link to application below, subletting is not permitted. The Lot Rent is $585.00, (After 6/1/206 will be $603.00), Sewer is $36.26, Water is $31.91, Trash is $ 10.10, Total $663.27 + Electric. Electric is sub-metered at the lot and the above charges are added to the monthly lot rent statement, with all charges due at the 1st of the month. ELECTRIC: Based on Usage per month 15th of each Month is Meter Read Date, Customer Charge $24.31, First 400 kWh 0.08, Next 600 kWh 0.10, Over 1,000 kWh 0.11, Trash pickup in park. On Site USPS Mail also. Pets allowed upon approval. Laundry Facility on site. Pool w/ patio and showers/restrooms. Some homes have natural gas that would be provided through Southwest Gas Company 1-877-860-6020 OR sign up online at: swgas. com, TV & Internet providers in the area include: Tri-State WiFi, Optimum, Frontier, Dish, Direct, Cellular Carriers, etc. Mohave County Assessor: County Assesses Personal Property Taxes Annually on all MH Homes. Application $25.00 per person fee: Apply here: https://goodlc. twa. rentmanager.com/ApplyNow?propertyID=100 & locations=1

7. 2026-05-05
   price $69,500 1584-char remark

   Show marketing remark (1584 chars)

   Charming and well-maintained 2020 manufactured home located in the desirable 55+ Carefree Mobile Home Park in Bullhead City. This beautiful 2-bedroom, 2-bath residence offers modern finishes, an open-concept layout, and comfortable living throughout. Enjoy a peaceful community setting just minutes from the Colorado River, shopping, dining, and local casinos. Perfect for full-time living or a relaxing desert getaway! Residency is a requirement of home purchase, see link to application below, subletting is not permitted. The Lot Rent is $585.00, (After 6/1/206 will be $603.00), Sewer is $36.26, Water is $31.91, Trash is $ 10.10, Total $663.27 + Electric. Electric is sub-metered at the lot and the above charges are added to the monthly lot rent statement, with all charges due at the 1st of the month. ELECTRIC: Based on Usage per month 15th of each Month is Meter Read Date, Customer Charge $24.31, First 400 kWh 0.08, Next 600 kWh 0.10, Over 1,000 kWh 0.11, Trash pickup in park. On Site USPS Mail also. Pets allowed upon approval. Laundry Facility on site. Pool w/ patio and showers/restrooms. Some homes have natural gas that would be provided through Southwest Gas Company 1-877-860-6020 OR sign up online at: swgas. com, TV & Internet providers in the area include: Tri-State WiFi, Optimum, Frontier, Dish, Direct, Cellular Carriers, etc. Mohave County Assessor: County Assesses Personal Property Taxes Annually on all MH Homes. Application $25.00 per person fee: Apply here: https://goodlc. twa. rentmanager.com/ApplyNow?propertyID=100 & locations=1

8. 2026-04-03
   listed $70,000 Active

   Show marketing remark (1584 chars)

   Charming and well-maintained 2020 manufactured home located in the desirable 55+ Carefree Mobile Home Park in Bullhead City. This beautiful 2-bedroom, 2-bath residence offers modern finishes, an open-concept layout, and comfortable living throughout. Enjoy a peaceful community setting just minutes from the Colorado River, shopping, dining, and local casinos. Perfect for full-time living or a relaxing desert getaway! Residency is a requirement of home purchase, see link to application below, subletting is not permitted. The Lot Rent is $585.00, (After 6/1/206 will be $603.00), Sewer is $36.26, Water is $31.91, Trash is $ 10.10, Total $663.27 + Electric. Electric is sub-metered at the lot and the above charges are added to the monthly lot rent statement, with all charges due at the 1st of the month. ELECTRIC: Based on Usage per month 15th of each Month is Meter Read Date, Customer Charge $24.31, First 400 kWh 0.08, Next 600 kWh 0.10, Over 1,000 kWh 0.11, Trash pickup in park. On Site USPS Mail also. Pets allowed upon approval. Laundry Facility on site. Pool w/ patio and showers/restrooms. Some homes have natural gas that would be provided through Southwest Gas Company 1-877-860-6020 OR sign up online at: swgas. com, TV & Internet providers in the area include: Tri-State WiFi, Optimum, Frontier, Dish, Direct, Cellular Carriers, etc. Mohave County Assessor: County Assesses Personal Property Taxes Annually on all MH Homes. Application $25.00 per person fee: Apply here: https://goodlc. twa. rentmanager.com/ApplyNow?propertyID=100 & locations=1

9. 2026-04-03
   listed $70,000 Active 1584-char remark

   Show marketing remark (1584 chars)

   Charming and well-maintained 2020 manufactured home located in the desirable 55+ Carefree Mobile Home Park in Bullhead City. This beautiful 2-bedroom, 2-bath residence offers modern finishes, an open-concept layout, and comfortable living throughout. Enjoy a peaceful community setting just minutes from the Colorado River, shopping, dining, and local casinos. Perfect for full-time living or a relaxing desert getaway! Residency is a requirement of home purchase, see link to application below, subletting is not permitted. The Lot Rent is $585.00, (After 6/1/206 will be $603.00), Sewer is $36.26, Water is $31.91, Trash is $ 10.10, Total $663.27 + Electric. Electric is sub-metered at the lot and the above charges are added to the monthly lot rent statement, with all charges due at the 1st of the month. ELECTRIC: Based on Usage per month 15th of each Month is Meter Read Date, Customer Charge $24.31, First 400 kWh 0.08, Next 600 kWh 0.10, Over 1,000 kWh 0.11, Trash pickup in park. On Site USPS Mail also. Pets allowed upon approval. Laundry Facility on site. Pool w/ patio and showers/restrooms. Some homes have natural gas that would be provided through Southwest Gas Company 1-877-860-6020 OR sign up online at: swgas. com, TV & Internet providers in the area include: Tri-State WiFi, Optimum, Frontier, Dish, Direct, Cellular Carriers, etc. Mohave County Assessor: County Assesses Personal Property Taxes Annually on all MH Homes. Application $25.00 per person fee: Apply here: https://goodlc. twa. rentmanager.com/ApplyNow?propertyID=100 & locations=1

ⓘ 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 4/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥114°F today · 16 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: $15,011
• − Mortgage interest: −$3,865
• − Property taxes: −$1,035
• − Insurance: −$345
• − Repairs & maintenance: −$1,201
• − Management: −$1,201
• − Depreciation: −$2,007
• Taxable income: $5,357
• Est. tax owed @ 24.0%: −$1,286
• After-tax cash flow: $4,851/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 2020 manufactured home is in good condition with modern finishes and an open-concept layout. It offers a peaceful community setting and is perfect for full-time living or a relaxing desert getaway.

Value-add opportunities

• Both Paint the exterior siding — Enhances curb appeal and value
• Both Replace the HVAC unit — Improves comfort and energy efficiency

Renovation cost estimate screening

Value-add ROI direction

• Both Paint the exterior siding — Enhances curb appeal and value ↑
• Both Replace the HVAC unit — Improves comfort and energy efficiency ↑

ⓘ 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: Bullhead City School District (4378)
• NCES district ID: 0401500
• Math proficiency: 16% ▼ -11.00%
• Reading proficiency: 22% ▼ -6.00%
• Median HH income: $37,109
• Composite: 15.83/100
• National rank: #9263
• State rank: #189 of 249 in AZ

Livability — Bullhead City

• Score: 64/100
• State rank: #103
• US rank: #14458

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bullhead City, AZ
• County: Mohave County · 181,906 people
• City population: 43,354
• Metro: Lake Havasu City-Kingman, AZ
• Population (ZIP): 8,619
• Household income: $58,906
• Rent vs Own: 35.0% rent · 65.0% own
• Severe rent burden: 318.0

Population outlook (Mohave County) Hauer SSP2

• Today (2025): 209,184 people
• By 2030: 209,674 · +0.2%
• By 2040: 205,897 · -1.6%
• By 2050: 196,810 · -5.9%
• By 2075: 169,454 · -19.0%
• By 2100: 136,630 · -34.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (79%)
• Race & ethnicity: White 79% Hispanic / Latino 12% Two or more races 11% Black 2%
• Hispanic origin (detail): Mexican 8%
• Common ancestry: Iranian 4% Lithuanian 4% Romanian 3%
• Foreign-born: 4% · Canada
• Languages at home: 92% English-only · Spanish 6% Other Indo-European 1%

Political lean MEDSL · Mohave

• 2024 margin: Solid R (+55.8) · D 21.8% · R 77.6%
• 2008→2024 swing: -22.9pp toward R · 2008: -32.9pp · 2024: -55.8pp
• All cycles: 2024: R+55.8 2020: R+51.3 2016: R+51.5 2012: R+42.6 2008: R+32.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -5.51%
• Current HPI: 302.1306
• Rent YoY: ▼ -0.56%
• Metro: Lake Havasu City-Kingman, 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

-0.7% since first listed

4 events — show timeline

• 2026-05-05 Price Changed $69,500 LHAR
• 2026-05-05 Price Changed $69,500 WARDEX
• 2026-04-03 Listed $70,000 WARDEX
• 2026-04-03 Listed $70,000 LHAR