4879 Smitty Dr · Richland, WA 99353

$2,750

3 bd · 2.0 ba · 1,601 sqft · SingleFamily public records · 16 Days on market

Built 2019 7,405 sqft lot $2/sqft · 99% below area

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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 +15.0/30.0
• ARV discount +7.5/15.0
• Schools +5.3/10.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

MLS# 281702 Like New Tanninen built Home, in Badger Souths West Village area. This beautifully maintained home offers an open floorplan with 1,603 sq. ft. , featuring 3 bedrooms, 2 bathrooms, and a 2-car garage. The professionally landscaped exterior includes a private, fenced backyard with a covered patio—perfect for outdoor relaxation. Inside, the great room showcases a tile and wood-wrapped gas fireplace, with durable LVP flooring in high-traffic areas and tile flooring in the bathrooms. The bedrooms are comfortably carpeted, and raised ceilings add to the spacious feel of the home. The modern kitchen features stainless steel appliances, quartz countertops, a breakfast bar, a full tile backsplash, and a gas stove—ideal for home chefs. The spacious primary bedroom boasts a walk-in closet, and a stylish barn door leads to the en-suite bathroom with a dual-sink vanity and a large walk-in shower. No smoking and no pets. - Rent $2,750/month - 12 month minimum lease - Security deposit $1800 -All utilities are tenant responsibility, except for lawn care. -All adults must Apply and pay credit check fee - 25% of the security deposit is due once approved -Rental Insurance required at move in. This property is not available for tenants with a move in date more than 30 days from date available, no smoking, no pets, an income less than 2.5x rent, or any unmet property requirements. Owner managed property.

Key facts

• Quartz countertops
• Covered patio
• Modern kitchen

Tags

• PRIVATE FENCED BACKYARD
• COVERED PATIO
• DURABLE LVP FLOORING
• MODERN KITCHEN
• STAINLESS STEEL APPLIANCES
• QUARTZ COUNTERTOPS

🏷️ Possibly a rental listed for sale. The $2,750 price doesn't fit this home's estimated sale value (~$481,316) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $3k.

Deal economics

• At list price, monthly cash flow is $2k ($24k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $3k).
• Recommended offer: $3k (1.5% below list) — sets the bar for market timing.
• Cap rate 881.4% vs local median 2.8% in Richland — 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 79/100 on livability (#112 in WA, #2,258 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, housing A+, health & safety A+; Watch: cost of living C-, amenities F.
• Richland School District (urban): math 52% / reading 64% proficiency, ranked #61 of 291 in WA (top 21%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 243 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; high-income renter base; 1,532 units permitted in Benton County in 2024 (389 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $20 of loan paydown is wiped out by about $82 of value loss. Plan a longer hold.
• Benton County population projected at +32% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $770 cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 16 days — a 2% lower offer ($3k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 8y 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.

Recommended offer $2,708 (1.5% 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 A-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?
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: 93.18% ✓
• Cap rate: 881.36%
• Cash-on-cash: 3125.23%
• DSCR: 140.06
• GRM: 0.1

CMA / ARV

• ARV (median comp): $481,316
• List price: $2,750
• Delta: -99.43%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2504 Brodie Ln	0.24mi	3/2.0	1,515 (-5%)	8mo	$470,000	$310	74
2548 Clark Ridge Dr	0.40mi	3/2.0	1,687 (+5%)	4mo	$460,000	$273	68
4562 Barbera St	0.37mi	3/2.5	1,716 (+7%)	4mo	$449,000	$262	65
3704 Barbera St	0.65mi	3/2.0	1,574 (-2%)	4mo	$449,990	$286	63
4572 Ava Way	0.33mi	3/2.0	1,798 (+12%)	3mo	$450,000	$250	62
3680 Barbera St	0.65mi	3/2.5	1,573 (-2%)	6mo	$441,440	$281	60
4410 Pace	0.44mi	3/2.0	1,812 (+13%)	1mo	$522,740	$288	56
3855 Corvina St	0.72mi	3/2.0	1,704 (+6%)	3mo	$510,000	$299	54
3837 Corvina St	0.73mi	3/2.0	1,496 (-7%)	2mo	$491,500	$329	53
3759 Corvina St	0.66mi	3/2.0	1,805 (+13%)	1mo	$479,990	$266	47
3728 Barbera St	0.65mi	3/2.0	1,408 (-12%)	7mo	$414,990	$295	44
3655 Barbera St	0.64mi	2/2.0 (-1)	1,800 (+12%)	4mo	$468,364	$260	41

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: —
• Equity multiple: 166.34×
• Total profit: $127,315
• Equity at exit: $410

10-year hold

• IRR: —
• Equity multiple: 358.77×
• Total profit: $275,483
• Equity at exit: $238

Cash invested: $770 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 28 Tenant-Leaning
• State Washington: 28 Tenant-Leaning · D+8
• County: — inherits STATE
• City: — inherits STATE

Just-cause statewide (2021); Seattle layers rent control restrictions + relocation assistance; very tenant-friendly.

Methodology + full state rankings →

ZIP-level market 99353

• Active inventory: 243
• Price-to-rent: 0.1×

Monthly cashflow live

• Estimated rent: $2,562 high
• Mortgage (P&I): −$14
• Tax est. 1.5%: −$3 /mo · $41/yr
• Insurance: −$1
• HOA: −$0
• Vacancy / Maint / Mgmt: −$538
• Net cashflow: $2,005

Break-even live

Break-even rent $24

Max offer price $2,750

Occupancy floor 17%

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: $688
• Closing costs: $82
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2201 Storehouse AVE Richland, WA	2.0	1.0–2.0	850	$2,950	$3.47	43d	54	0.33mi
4646 Corvina St Richland, WA	4.0	3.0	1896	$2,595	$1.37	44d	1	0.45mi
3662 Stonecap ST Richland, WA	3.0	2.0	1408	$2,250	$1.60	43d	1	0.76mi
2932 Tarragon Ave Richland, WA	3.0	2.0	1900	$3,095	$1.63	13d	1	1.28mi
2940 Tarragon Ave Richland, WA	3.0	2.0	1800	$2,999	$1.67	13d	1	1.29mi
3495 Stardust St Richland, WA	3.0	2.5	1495	$2,395	$1.60	21d	1	1.29mi

Listing history 14 events

1. 2026-05-31
   days on market $2,750 Active 16 DOM
2. 2026-05-30
   days on market $2,750 Active 15 DOM
3. 2026-05-15
   listed $2,750 Active 1484-char remark
4. 2025-06-19
   soldstatus $2,650 Closed 1431-char remark

   Show marketing remark (1431 chars)

   MLS# 281702 Like New Tanninen built Home, in Badger Souths West Village area. This beautifully maintained home offers an open floorplan with 1,603 sq. ft. , featuring 3 bedrooms, 2 bathrooms, and a 2-car garage. The professionally landscaped exterior includes a private, fenced backyard with a covered patio—perfect for outdoor relaxation. Inside, the great room showcases a tile and wood-wrapped gas fireplace, with durable LVP flooring in high-traffic areas and tile flooring in the bathrooms. The bedrooms are comfortably carpeted, and raised ceilings add to the spacious feel of the home. The modern kitchen features stainless steel appliances, quartz countertops, a breakfast bar, a full tile backsplash, and a gas stove—ideal for home chefs. The spacious primary bedroom boasts a walk-in closet, and a stylish barn door leads to the en-suite bathroom with a dual-sink vanity and a large walk-in shower. No smoking and no pets. - Rent $2,750/month - 12 month minimum lease - Security deposit $1800 -All utilities are tenant responsibility, except for lawn care. -All adults must Apply and pay credit check fee - 25% of the security deposit is due once approved -Rental Insurance required at move in. This property is not available for tenants with a move in date more than 30 days from date available, no smoking, no pets, an income less than 2.5x rent, or any unmet property requirements. Owner managed property.

5. 2025-03-28
   price $2,650 1431-char remark

   Show marketing remark (1431 chars)

   MLS# 281702 Like New Tanninen built Home, in Badger Souths West Village area. This beautifully maintained home offers an open floorplan with 1,603 sq. ft. , featuring 3 bedrooms, 2 bathrooms, and a 2-car garage. The professionally landscaped exterior includes a private, fenced backyard with a covered patio—perfect for outdoor relaxation. Inside, the great room showcases a tile and wood-wrapped gas fireplace, with durable LVP flooring in high-traffic areas and tile flooring in the bathrooms. The bedrooms are comfortably carpeted, and raised ceilings add to the spacious feel of the home. The modern kitchen features stainless steel appliances, quartz countertops, a breakfast bar, a full tile backsplash, and a gas stove—ideal for home chefs. The spacious primary bedroom boasts a walk-in closet, and a stylish barn door leads to the en-suite bathroom with a dual-sink vanity and a large walk-in shower. No smoking and no pets. - Rent $2,750/month - 12 month minimum lease - Security deposit $1800 -All utilities are tenant responsibility, except for lawn care. -All adults must Apply and pay credit check fee - 25% of the security deposit is due once approved -Rental Insurance required at move in. This property is not available for tenants with a move in date more than 30 days from date available, no smoking, no pets, an income less than 2.5x rent, or any unmet property requirements. Owner managed property.

6. 2025-02-11
   listed $2,750 Active 1431-char remark

   Show marketing remark (1431 chars)

   MLS# 281702 Like New Tanninen built Home, in Badger Souths West Village area. This beautifully maintained home offers an open floorplan with 1,603 sq. ft. , featuring 3 bedrooms, 2 bathrooms, and a 2-car garage. The professionally landscaped exterior includes a private, fenced backyard with a covered patio—perfect for outdoor relaxation. Inside, the great room showcases a tile and wood-wrapped gas fireplace, with durable LVP flooring in high-traffic areas and tile flooring in the bathrooms. The bedrooms are comfortably carpeted, and raised ceilings add to the spacious feel of the home. The modern kitchen features stainless steel appliances, quartz countertops, a breakfast bar, a full tile backsplash, and a gas stove—ideal for home chefs. The spacious primary bedroom boasts a walk-in closet, and a stylish barn door leads to the en-suite bathroom with a dual-sink vanity and a large walk-in shower. No smoking and no pets. - Rent $2,750/month - 12 month minimum lease - Security deposit $1800 -All utilities are tenant responsibility, except for lawn care. -All adults must Apply and pay credit check fee - 25% of the security deposit is due once approved -Rental Insurance required at move in. This property is not available for tenants with a move in date more than 30 days from date available, no smoking, no pets, an income less than 2.5x rent, or any unmet property requirements. Owner managed property.

7. 2025-01-10
   soldstatus $446,000 Closed

   Show marketing remark (921 chars)

   MLS# 279499 Like New Tanninen built Home, in Badger Souths West Village area. This beautifully maintained home offers an open floor plan with 1,603 sq. ft. , featuring 3 bedrooms, 2 bathrooms, and a 2-car garage. The professionally landscaped exterior includes a private, fenced backyard with a covered patio—perfect for outdoor relaxation. Inside, the great room showcases a tile and wood-wrapped gas fireplace, with durable LVP flooring in high-traffic areas and tile flooring in the bathrooms. The bedrooms are comfortably carpeted, and raised ceilings add to the spacious feel of the home. The modern kitchen features stainless steel appliances, quartz countertops, a breakfast bar, a full tile backsplash, and a gas stove—ideal for home chefs. The spacious primary bedroom boasts a walk-in closet, and a stylish barn door leads to the en-suite bathroom with a dual-sink vanity and a large walk-in shower.

8. 2024-12-23
   status Pending

   Show marketing remark (921 chars)

   MLS# 279499 Like New Tanninen built Home, in Badger Souths West Village area. This beautifully maintained home offers an open floor plan with 1,603 sq. ft. , featuring 3 bedrooms, 2 bathrooms, and a 2-car garage. The professionally landscaped exterior includes a private, fenced backyard with a covered patio—perfect for outdoor relaxation. Inside, the great room showcases a tile and wood-wrapped gas fireplace, with durable LVP flooring in high-traffic areas and tile flooring in the bathrooms. The bedrooms are comfortably carpeted, and raised ceilings add to the spacious feel of the home. The modern kitchen features stainless steel appliances, quartz countertops, a breakfast bar, a full tile backsplash, and a gas stove—ideal for home chefs. The spacious primary bedroom boasts a walk-in closet, and a stylish barn door leads to the en-suite bathroom with a dual-sink vanity and a large walk-in shower.

9. 2024-10-21
   price $450,000

   Show marketing remark (921 chars)

   MLS# 279499 Like New Tanninen built Home, in Badger Souths West Village area. This beautifully maintained home offers an open floor plan with 1,603 sq. ft. , featuring 3 bedrooms, 2 bathrooms, and a 2-car garage. The professionally landscaped exterior includes a private, fenced backyard with a covered patio—perfect for outdoor relaxation. Inside, the great room showcases a tile and wood-wrapped gas fireplace, with durable LVP flooring in high-traffic areas and tile flooring in the bathrooms. The bedrooms are comfortably carpeted, and raised ceilings add to the spacious feel of the home. The modern kitchen features stainless steel appliances, quartz countertops, a breakfast bar, a full tile backsplash, and a gas stove—ideal for home chefs. The spacious primary bedroom boasts a walk-in closet, and a stylish barn door leads to the en-suite bathroom with a dual-sink vanity and a large walk-in shower.

10. 2024-10-10
    listed $455,000 Active

    Show marketing remark (921 chars)

    MLS# 279499 Like New Tanninen built Home, in Badger Souths West Village area. This beautifully maintained home offers an open floor plan with 1,603 sq. ft. , featuring 3 bedrooms, 2 bathrooms, and a 2-car garage. The professionally landscaped exterior includes a private, fenced backyard with a covered patio—perfect for outdoor relaxation. Inside, the great room showcases a tile and wood-wrapped gas fireplace, with durable LVP flooring in high-traffic areas and tile flooring in the bathrooms. The bedrooms are comfortably carpeted, and raised ceilings add to the spacious feel of the home. The modern kitchen features stainless steel appliances, quartz countertops, a breakfast bar, a full tile backsplash, and a gas stove—ideal for home chefs. The spacious primary bedroom boasts a walk-in closet, and a stylish barn door leads to the en-suite bathroom with a dual-sink vanity and a large walk-in shower.

11. 2019-04-23
    soldstatus $305,000
12. 2018-12-20
    listed $305,000
13. 2018-10-15
    listed $299,999
14. 2018-05-21
    soldstatus $200,000

ⓘ 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 · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 4/10 Moderate 7 d/yr ≥98°F today · 15 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 9/10 Extreme 13 unhealthy d/yr today · 14 by 30 yrs out

Taxation est. · year 1

• Rental income: $30,750
• − Mortgage interest: −$154
• − Property taxes: −$41
• − Insurance: −$14
• − Repairs & maintenance: −$2,460
• − Management: −$2,460
• − Depreciation: −$80
• Taxable income: $25,541
• Est. tax owed @ 24.0%: −$6,130
• After-tax cash flow: $17,934/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: Richland School District
• NCES district ID: 5307320
• Math proficiency: 52% ▬ 0.00%
• Reading proficiency: 64% ▼ -1.00%
• Median HH income: $70,475
• Composite: 53.04/100
• National rank: #3244
• State rank: #61 of 291 in WA

Livability — Richland

• Score: 79/100
• State rank: #112
• US rank: #2258

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Richland, WA
• County: Benton County · 186,895 people
• City population: 62,989
• Metro: Kennewick-Richland, WA
• Population (ZIP): 19,251
• Household income: $121,845
• Rent vs Own: 16.1% rent · 83.9% own
• Severe rent burden: 254.0

Population outlook (Benton County) Hauer SSP2

• Today (2025): 219,421 people
• By 2030: 233,813 · +6.6%
• By 2040: 262,134 · +19.5%
• By 2050: 290,100 · +32.2%
• By 2075: 363,525 · +65.7%
• By 2100: 418,667 · +90.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (74%)
• Race & ethnicity: White 74% Hispanic / Latino 15% Two or more races 15% Asian 2%
• Hispanic origin (detail): Mexican 13%
• Common ancestry: Portuguese 4% Italian 4% Lithuanian 4%
• Foreign-born: 7% · Canada, Vietnam, China
• Languages at home: 87% English-only · Spanish 10% Other Asian/Pacific 1% Arabic 1%

Political lean MEDSL · Benton

• 2024 margin: Strong R (+21.9) · D 37.7% · R 59.6% · Other 2.7%
• 2008→2024 swing: +4.2pp toward D · 2008: -26.1pp · 2024: -21.9pp
• All cycles: 2024: R+21.9 2020: R+21.0 2016: R+26.6 2012: R+27.0 2008: R+26.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -218.63%
• Current HPI: 239.5096
• Rent YoY: —
• Metro: Kennewick-Richland, WA
• State GDP YoY: ▲ 4.65%
• F500 in state: 22

Industry mix (Fortune 500 HQ in WA)

Industry	F500 HQs	Revenue
▸Retail	2	$269B
▸Technology / Retail	1	$638B
▸Technology	1	$245B
▸Telecommunications	1	$38B
▸Food / Beverage	1	$36B
▸Automotive / Trucks	1	$34B

Price history

-98.7% since first listed

11 events — show timeline

• 2025-06-19 Sold (MLS) $2,650 PACMLS
• 2025-03-28 Price Changed $2,650 PACMLS
• 2025-02-11 Listed $2,750 PACMLS
• 2025-01-10 Sold (MLS) $446,000 PACMLS
• 2024-12-23 Pending — PACMLS
• 2024-10-21 Price Changed $450,000 PACMLS
• 2024-10-10 Listed $455,000 PACMLS
• 2019-04-23 Sold (MLS) $305,000 PACMLS
• 2018-12-20 Listed $305,000 PACMLS
• 2018-10-15 Listed $299,999 PACMLS
• 2018-05-21 Sold (Public Records) $200,000 Public Records

Property tax history

+24.9%/yr

Latest (2026): $3,809 · +6.2% YoY. Source: county tax records.