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2233 E Behrend Dr #227
B Composite 74.33
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 +11.7/15.0
  • 1% rule +10.0/10.0
  • DSCR +10.0/10.0
  • Schools +3.8/10.0
  • Livability +3.8/5.0
  • Rent growth +2.9/5.0
  • Condition / age +2.2/5.0
  • Appreciation +0.0/10.0

$118,000

2233 E Behrend Dr #227 · Phoenix, AZ 85024
2 bd · 2.0 ba · 1,568 sqft · Manufactured · 82 Days on market
Built 1989 Fair condition $75/sqft · 9% below area Est $130k · 9% under

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks MLS

Great opportunity for a spacious home in desirable Boulder Ridge, a 55+ gated resort-style community, located across from the pool. 2 bed + den home offers 1,568 sq. Upgraded kitchen and bathrooms with granite counters and stainless steel appliances. New flooring in the kitchen and laundry room. All appliances plus washer and dryer included. Features include hardboard siding, drywall walls and ceilings, large screened-in porch, extended front patio great for entertaining or relaxing, citrus trees, irrigation timer, storage shed, 2-car side-by-side carport, extra space for a golf cart. Roof 2013 with 30-year dimensional shingles. Park-approved required, 750+ credit score, verifiable income 3x lot rent, proof of savings equal to 6x lot rent, and a background check. Lot rent $1010 mnthly

Key facts

  • Gated community
  • New flooring
  • Across from the pool

Tags

GATED COMMUNITYACROSS FROM THE POOLUPGRADED KITCHENGRANITE COUNTERSSTAINLESS STEEL APPLIANCESNEW FLOORING

Neighborhood map

Property Rental comp Retail Transit Schools Stadiums Fortune 500 · Circle radius: 3.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 2-bed/2.0-bath manufactured listed at $118k. Condition is rated fair.

Deal economics

  • At list price, monthly cash flow is $939 ($11k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($2k rent vs $118k).
  • Recommended offer: $111k (6.0% below list) — sets the bar for market timing.
  • Cap rate 15.8% vs local median 3.3% in Phoenix — 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 75/100 on livability (#16 in AZ, #3,924 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, housing A+; Watch: health & safety C-, crime F.
  • Paradise Valley Unified District (4241) (urban): math 39% / reading 46% proficiency, ranked #56 of 249 in AZ (top 22%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
  • Market conditions: Rents rising (+1.4%/yr); 206 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals leasing fast (median 9d on market — plan ~1-2 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 $816 of loan paydown is wiped out by about $4k 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 + 1.4% rent growth), your $33k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

  • It's been on market 82 days — a 6% lower offer ($111k) is reasonable based on typical stale-listing flexibility.
  • 2 sale attempts since 6y 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 $72k; list at $118k implies a 65% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

  • Climate carrying-cost: extreme-heat days projected 5→13/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer $110,920 (6.0% below list)

Questions for the listing agent

  1. It's been on market 82 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
  2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
  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. Crime grade is F 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
1.88%
Cap rate
15.85%
Cash-on-cash
34.12%
DSCR
2.52
GRM
4.4

CMA / ARV

ARV (median comp)
$130,078
List price
$118,000
Delta
-9.29%
Verdict
FAIR
Comps
20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
2233 E Behrend Dr #48 0.00mi 2/2.0 1,568 (0%) 1mo $70,000 $45 99
2233 E Behrend Dr #34 0.15mi 2/2.0 1,680 (+7%) 1mo $28,000 $17 80
2233 E Behrend Dr #26 0.00mi 3/2.0 (+1) 1,456 (-7%) 5mo $125,000 $86 79
2233 E Behrend Dr #197 0.09mi 2/2.0 1,456 (-7%) 7mo $145,000 $100 78
2233 E Behrend Dr #234 0.14mi 2/2.0 1,534 (-2%) 15mo $140,000 $91 77
2233 E Behrend Dr #17 0.18mi 3/2.0 (+1) 1,512 (-4%) 6mo $135,000 $89 76
2233 E Behrend Dr #128 0.00mi 2/2.0 1,389 (-11%) 8mo $159,500 $115 74
2233 E Behrend Dr #250 0.00mi 3/2.0 (+1) 1,736 (+11%) 6mo $149,500 $86 72
2233 E Behrend Dr #76 0.14mi 3/2.0 (+1) 1,456 (-7%) 14mo $66,000 $45 65
2233 E Behrend Dr #115 0.14mi 2/2.0 1,344 (-14%) 15mo $65,900 $49 57
2431 E Tonto Ln 0.39mi 3/2.0 (+1) 1,792 (+14%) 8mo $330,000 $184 46
2610 E Tonto Ln 0.60mi 3/2.0 (+1) 1,344 (-14%) 7mo $250,000 $186 38

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 · 1.44% rent growth · sell at horizon

5-year hold
IRR
27.7%
Equity multiple
2.13×
Total profit
$37,305
Equity at exit
$17,594
10-year hold
IRR
34.3%
Equity multiple
3.91×
Total profit
$96,003
Equity at exit
$10,202

Cash invested: $33,040 (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.

ZIP-level market 85024

Home prices YoY
-21.0%
Rents YoY
1.4%
Active inventory
206
Price-to-rent
4.4×

Monthly cashflow live

Estimated rent
$2,221 high interval (Pro) →
Mortgage (P&I)
$619
Tax est. 1.5%
$148 /mo · $1,770/yr
Insurance
$49
HOA
$0
Vacancy / Maint / Mgmt
$466
Net cashflow
$939

Break-even live

Break-even rent $1,032
Max offer price $118,000
Occupancy floor 53%

Sensitivity live

Price -10% $1,021 -5% $980 +0% $939 +5% $899 +10% $858
Rent -10% $764 -5% $852 +0% $939 +5% $1,027 +10% $1,115
Rate -1.0pp $999 -0.5pp $969 base $939 +0.5pp $909 +1.0pp $878

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
$29,500
Closing costs
$3,540
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 40 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
2030 E Wahalla Ln Phoenix, AZ 3.0 2.0 1400 $2,115 $1.51 4d 1 0.25mi
2336 E Utopia Rd Phoenix, AZ 2.0–3.0 2.5 1327 $2,395 $1.80 6d 1 0.27mi
2335 E Utopia Rd Unit 16 Phoenix, AZ 3.0 2.5 1426 $2,550 $1.79 19d 1 0.28mi
20007 N 20th Way Phoenix, AZ 3.0 2.0 1251 $3,900 $3.12 45d 1 0.28mi
20050 N Cave Creek Rd Phoenix, AZ 1.0–2.0 1.0–2.0 909 $1,725 $1.90 0d 9 0.37mi
19635 N Cave Creek Rd Phoenix, AZ 3.0 1.0–2.0 999 $1,643 $1.64 0d 21 0.43mi
2220 E Beardsley Rd Phoenix, AZ 4.0 1.0–2.0 855 $1,669 $1.95 0d 64 0.46mi
2500 E Marco Polo Rd Phoenix, AZ 2.0 1.0–2.0 918 $2,390 $2.60 3d 16 0.48mi
2239 E Morrow Dr Phoenix, AZ 3.0 3.0 1545 $2,199 $1.42 0d 1 0.49mi
2239 E Morrow Dr Phoenix, AZ 3.0 3.0 1545 $2,199 $1.42 4d 1 0.49mi
18611 N 22nd St Phoenix, AZ 3.0 3.0 1851 $2,200 $1.19 14d 1 0.54mi
18611 N 22nd St #72 Phoenix, AZ 3.0 2.5 1851 $2,200 $1.19 16d 1 0.55mi
18660 N Cave Creek Rd Phoenix, AZ 1.0–3.0 1.0–2.0 961 $1,590 $1.65 0d 11 0.58mi
20445 N 21st St Phoenix, AZ 3.0 2.5 2240 $2,800 $1.25 4d 1 0.62mi
2636 E Tonto Ln Phoenix, AZ 3.0 2.0 1850 $2,800 $1.51 25d 1 0.64mi
2221 E Union Hills Dr #158 Phoenix, AZ 3.0 2.0 1332 $2,100 $1.58 19d 1 0.71mi
1717 E Union Hills Dr Phoenix, AZ 2.0–3.0 2.0 1245 $1,775 $1.43 23d 4 0.80mi
1717 E Union Hills Dr Phoenix, AZ 2.0–3.0 2.0 1169 $1,675 $1.43 4d 3 0.80mi
1510 E Taro Ln Phoenix, AZ 3.0 2.0 1136 $2,149 $1.89 25d 1 0.82mi
1717 E Union Hills Dr #1052 Phoenix, AZ 2.0 2.0 1160 $4,000 $3.45 45d 1 0.85mi
1506 E Wescott Dr Phoenix, AZ 3.0 2.0 1136 $2,045 $1.80 6d 1 0.85mi
1420 E Topeka Dr Phoenix, AZ 3.0 2.5 1464 $2,215 $1.51 9d 1 0.94mi
18633 N 15th St Phoenix, AZ 3.0 2.0 1240 $2,249 $1.81 9d 1 0.95mi
1440 E Renee Dr Phoenix, AZ 3.0 2.0 1632 $2,200 $1.35 25d 1 1.01mi
2934 E Blackhawk Dr Phoenix, AZ 3.0 2.0 1467 $2,280 $1.55 3d 1 1.07mi
3002 E Jeanette Ct Phoenix, AZ 3.0 2.0 1748 $2,700 $1.54 19d 1 1.08mi
2554 E Villa Rita Dr Phoenix, AZ 2.0 1.0 1118 $2,750 $2.46 25d 1 1.09mi
1702 E Michelle Dr Phoenix, AZ 2.0 2.0 1300 $2,200 $1.69 6d 1 1.10mi
20223 N 30th St Phoenix, AZ 3.0 2.0 1467 $2,300 $1.57 2d 1 1.13mi
2755 E Michigan Ave Phoenix, AZ 3.0 2.0 1316 $2,700 $2.05 18d 1 1.15mi
2602 E Charleston Ave Phoenix, AZ 3.0 2.0 1426 $2,100 $1.47 25d 1 1.16mi
3039 E Hononegh Dr Phoenix, AZ 3.0 2.0 1520 $1,999 $1.32 0d 1 1.22mi
3056 E Siesta Ln Phoenix, AZ 3.0 2.0 1476 $2,375 $1.61 14d 1 1.22mi
2719 E Charleston Ave Phoenix, AZ 3.0 1.5 1670 $1,891 $1.13 23d 1 1.24mi
3122 E Topeka Dr Phoenix, AZ 3.0 2.0 1272 $2,100 $1.65 23d 1 1.24mi
3133 E Kristal Way Phoenix, AZ 3.0 2.5 1602 $2,600 $1.62 3d 1 1.26mi
1210 E Rosemonte Dr Phoenix, AZ 3.0 2.0 1896 $2,570 $1.36 6d 1 1.27mi
3220 E Kerry Ln Phoenix, AZ 3.0 2.0 1370 $2,299 $1.68 25d 1 1.35mi
3220 E Kerry Ln Phoenix, AZ 3.0 2.0 1370 $2,299 $1.68 16d 1 1.35mi
17606 N 17th Pl Phoenix, AZ 2.0–3.0 2.0–2.5 1463 $1,999 $1.37 0d 3 1.35mi

Listing history 23 events

  1. 2026-06-21
    days on market $118,000 Active 82 DOM
  2. 2026-06-18
    days on market $118,000 Active 79 DOM
  3. 2026-06-17
    days on market $118,000 Active 78 DOM
  4. 2026-06-16
    days on market $118,000 Active 77 DOM
  5. 2026-06-15
    days on market $118,000 Active 76 DOM
  6. 2026-06-13
    days on market $118,000 Active 74 DOM
  7. 2026-06-13
    days on market $118,000 Active 73 DOM
  8. 2026-06-09
    days on market $118,000 Active 70 DOM
  9. 2026-06-08
    days on market $118,000 Active 69 DOM
  10. 2026-06-07
    days on market $118,000 Active 68 DOM
  11. 2026-06-04
    days on market $118,000 Active 65 DOM
  12. 2026-06-03
    days on market $118,000 Active 64 DOM
  13. 2026-06-02
    days on market $118,000 Active 63 DOM
  14. 2026-06-01
    days on market $118,000 Active 62 DOM
  15. 2026-05-31
    days on market $118,000 Active 61 DOM
  16. 2026-03-31
    listed $118,000 Active 800-char remark
    Show marketing remark (800 chars)

    Great opportunity for a spacious home in desirable Boulder Ridge, a 55+ gated resort-style community, located across from the pool. 2 bed + den home offers 1,568 sq. Upgraded kitchen and bathrooms with granite counters and stainless steel appliances. New flooring in the kitchen and laundry room. All appliances plus washer and dryer included. Features include hardboard siding, drywall walls and ceilings, large screened-in porch, extended front patio great for entertaining or relaxing, citrus trees, irrigation timer, storage shed, 2-car side-by-side carport, extra space for a golf cart. Roof 2013 with 30-year dimensional shingles. Park-approved required, 750+ credit score, verifiable income 3x lot rent, proof of savings equal to 6x lot rent, and a background check. Lot rent $1010 mnthly

  17. 2021-03-31
    soldstatus $71,500 Closed 804-char remark
    Show marketing remark (804 chars)

    Nicely Remodeled Home in desirable Community called Boulder Ridge, a 55+ Gated Resort Style Manufactured Home Park. Across from Community Pool. 2 bedrooms plus den, 1568 sf, Improvements: Past 5 years: Roof, interior/exterior paint, flooring & subflooring, Granite counters kitchn/bath, sinks, toilets, hardware and fixtures. Past 4 years: screen porch, Past 2 years: 40 gal. water heater, master bath shower. Past 1 1/2 years dishwasher and kitchen flooring. Past 4 months: rear porch and steps, irrigation system, new pex plumbing throughout. Home also includes: hardboard siding, drywall ceiling and walls, 2 carport, storage shed, large screen porch, 2 large orange trees. Lot Rent $780 monthly+water, sewer, trash approx $70 mnthly. MUST QUALIFY WITH PARK OFFICE prior to writing offe

  18. 2021-03-17
    status Pending 804-char remark
    Show marketing remark (804 chars)

    Nicely Remodeled Home in desirable Community called Boulder Ridge, a 55+ Gated Resort Style Manufactured Home Park. Across from Community Pool. 2 bedrooms plus den, 1568 sf, Improvements: Past 5 years: Roof, interior/exterior paint, flooring & subflooring, Granite counters kitchn/bath, sinks, toilets, hardware and fixtures. Past 4 years: screen porch, Past 2 years: 40 gal. water heater, master bath shower. Past 1 1/2 years dishwasher and kitchen flooring. Past 4 months: rear porch and steps, irrigation system, new pex plumbing throughout. Home also includes: hardboard siding, drywall ceiling and walls, 2 carport, storage shed, large screen porch, 2 large orange trees. Lot Rent $780 monthly+water, sewer, trash approx $70 mnthly. MUST QUALIFY WITH PARK OFFICE prior to writing offe

  19. 2021-03-01
    historical Contract Contingent on Buyer Sale 804-char remark
    Show marketing remark (804 chars)

    Nicely Remodeled Home in desirable Community called Boulder Ridge, a 55+ Gated Resort Style Manufactured Home Park. Across from Community Pool. 2 bedrooms plus den, 1568 sf, Improvements: Past 5 years: Roof, interior/exterior paint, flooring & subflooring, Granite counters kitchn/bath, sinks, toilets, hardware and fixtures. Past 4 years: screen porch, Past 2 years: 40 gal. water heater, master bath shower. Past 1 1/2 years dishwasher and kitchen flooring. Past 4 months: rear porch and steps, irrigation system, new pex plumbing throughout. Home also includes: hardboard siding, drywall ceiling and walls, 2 carport, storage shed, large screen porch, 2 large orange trees. Lot Rent $780 monthly+water, sewer, trash approx $70 mnthly. MUST QUALIFY WITH PARK OFFICE prior to writing offe

  20. 2020-12-21
    price $73,000 804-char remark
    Show marketing remark (804 chars)

    Nicely Remodeled Home in desirable Community called Boulder Ridge, a 55+ Gated Resort Style Manufactured Home Park. Across from Community Pool. 2 bedrooms plus den, 1568 sf, Improvements: Past 5 years: Roof, interior/exterior paint, flooring & subflooring, Granite counters kitchn/bath, sinks, toilets, hardware and fixtures. Past 4 years: screen porch, Past 2 years: 40 gal. water heater, master bath shower. Past 1 1/2 years dishwasher and kitchen flooring. Past 4 months: rear porch and steps, irrigation system, new pex plumbing throughout. Home also includes: hardboard siding, drywall ceiling and walls, 2 carport, storage shed, large screen porch, 2 large orange trees. Lot Rent $780 monthly+water, sewer, trash approx $70 mnthly. MUST QUALIFY WITH PARK OFFICE prior to writing offe

  21. 2020-11-07
    price $77,000 804-char remark
    Show marketing remark (804 chars)

    Nicely Remodeled Home in desirable Community called Boulder Ridge, a 55+ Gated Resort Style Manufactured Home Park. Across from Community Pool. 2 bedrooms plus den, 1568 sf, Improvements: Past 5 years: Roof, interior/exterior paint, flooring & subflooring, Granite counters kitchn/bath, sinks, toilets, hardware and fixtures. Past 4 years: screen porch, Past 2 years: 40 gal. water heater, master bath shower. Past 1 1/2 years dishwasher and kitchen flooring. Past 4 months: rear porch and steps, irrigation system, new pex plumbing throughout. Home also includes: hardboard siding, drywall ceiling and walls, 2 carport, storage shed, large screen porch, 2 large orange trees. Lot Rent $780 monthly+water, sewer, trash approx $70 mnthly. MUST QUALIFY WITH PARK OFFICE prior to writing offe

  22. 2020-10-16
    price $79,500 804-char remark
    Show marketing remark (804 chars)

    Nicely Remodeled Home in desirable Community called Boulder Ridge, a 55+ Gated Resort Style Manufactured Home Park. Across from Community Pool. 2 bedrooms plus den, 1568 sf, Improvements: Past 5 years: Roof, interior/exterior paint, flooring & subflooring, Granite counters kitchn/bath, sinks, toilets, hardware and fixtures. Past 4 years: screen porch, Past 2 years: 40 gal. water heater, master bath shower. Past 1 1/2 years dishwasher and kitchen flooring. Past 4 months: rear porch and steps, irrigation system, new pex plumbing throughout. Home also includes: hardboard siding, drywall ceiling and walls, 2 carport, storage shed, large screen porch, 2 large orange trees. Lot Rent $780 monthly+water, sewer, trash approx $70 mnthly. MUST QUALIFY WITH PARK OFFICE prior to writing offe

  23. 2020-09-19
    listed $85,000 Active 804-char remark
    Show marketing remark (804 chars)

    Nicely Remodeled Home in desirable Community called Boulder Ridge, a 55+ Gated Resort Style Manufactured Home Park. Across from Community Pool. 2 bedrooms plus den, 1568 sf, Improvements: Past 5 years: Roof, interior/exterior paint, flooring & subflooring, Granite counters kitchn/bath, sinks, toilets, hardware and fixtures. Past 4 years: screen porch, Past 2 years: 40 gal. water heater, master bath shower. Past 1 1/2 years dishwasher and kitchen flooring. Past 4 months: rear porch and steps, irrigation system, new pex plumbing throughout. Home also includes: hardboard siding, drywall ceiling and walls, 2 carport, storage shed, large screen porch, 2 large orange trees. Lot Rent $780 monthly+water, sewer, trash approx $70 mnthly. MUST QUALIFY WITH PARK OFFICE prior to writing offe

ⓘ 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 8/10 Severe 5 d/yr ≥110°F today · 13 d/yr by 30 yrs out
  • 💨 Wind 1/10 Low
  • 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 5 by 30 yrs out

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$26,655
− Mortgage interest
−$6,610
− Property taxes
−$1,770
− Insurance
−$590
− Repairs & maintenance
−$2,132
− Management
−$2,132
− Depreciation
−$3,433
Taxable income
$9,988
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$2,397
After-tax cash flow
$8,875/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

Fair 45/100 Moderate rehab

A moderately rehabbed manufactured home with average condition, requiring some cosmetic repairs and maintenance to improve its resale and rental value.

Repairs flagged

  • Minor exterior siding — Siding appears slightly worn.
  • Minor interior paint — Paint appears slightly faded.
  • Minor landscaping — Some areas of landscaping appear overgrown.

Value-add opportunities

  • Both Painting and minor exterior repairs — Improves curb appeal and interior aesthetics.
  • Both Landscaping and irrigation system maintenance — Enhances curb appeal and water efficiency.
  • Resale New flooring in bathrooms — Enhances the look and feel of the bathrooms.
  • Resale New kitchen appliances — Modernizes the kitchen and adds value to the home.

Renovation cost estimate screening

Repair itemSeverityEst. cost
exterior siding · Siding appears slightly worn. Minor $500–3,000
interior paint · Paint appears slightly faded. Minor $500–3,000
landscaping · Some areas of landscaping appear overgrown. Minor $500–3,000
Total estimated repair cost · 3 items $1,500–9,000

Value-add ROI direction

  • Both Painting and minor exterior repairs — Improves curb appeal and interior aesthetics.
  • Both Landscaping and irrigation system maintenance — Enhances curb appeal and water efficiency.
  • Resale New flooring in bathrooms — Enhances the look and feel of the bathrooms.
  • Resale New kitchen appliances — Modernizes the kitchen and adds value to the home.

ⓘ 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
Paradise Valley Unified District (4241)
NCES district ID
0405930
Math proficiency
39% ▼ -11.00%
Reading proficiency
46% ▼ -7.00%
Median HH income
$64,106
Composite
37.89/100
National rank
#4316
State rank
#56 of 249 in AZ

Livability — Phoenix

Score
75/100
State rank
#16
US rank
#3924

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Phoenix, AZ
County
Maricopa County · 4,537,380 people
City population
1,500,198
Metro
Phoenix-Mesa-Chandler, AZ
Population (ZIP)
26,199
Household income
$106,724
Rent vs Own
34.1% rent · 65.9% own
Severe rent burden
547.0

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 (71%)
Race & ethnicity
White 71% Hispanic / Latino 16% Two or more races 12% Asian 6% Black 2%
Hispanic origin (detail)
Mexican 13% Puerto Rican 1%
Common ancestry
Romanian 3% Italian 3% Portuguese 3%
Foreign-born
12% · Canada, China, South Korea
Languages at home
78% English-only · Spanish 10% Other Indo-European 4% Russian/Polish/Slavic 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
▼ -82.95%
Current HPI
312.7238
Rent YoY
▲ 1.44%
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

Price history

+38.8% since first listed
8 events — show timeline
  • 2026-03-31 Listed $118,000 ARMLS
  • 2021-03-31 Sold (MLS) $71,500 ARMLS
  • 2021-03-17 Pending ARMLS
  • 2021-03-01 Contingent ARMLS
  • 2020-12-21 Price Changed $73,000 ARMLS
  • 2020-11-07 Price Changed $77,000 ARMLS
  • 2020-10-16 Price Changed $79,500 ARMLS
  • 2020-09-19 Listed $85,000 ARMLS

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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