4326 S Anderson Pl · Kennewick, WA 99337

$3,195

4 bd · 2.5 ba · 2,801 sqft · SingleFamily public records · 41 Days on market

Built 2015 7,405 sqft lot $1/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
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Schools +4.6/10.0
• Livability +3.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

We do not accept 3rd party applications or viewing requests. 4 Bedrooms, 2.5 Bath 2801 sqft Home in South Kennewick Welcome home to this beautifully furnished 2,801 sqft home located in desirable South Kennewick. With 4 bedrooms, 2.5 bathrooms, and a versatile bonus room, this property offers both comfort and flexibility for modern living. The kitchen is designed with both style and function in mind, featuring stone countertops, stainless steel appliances, a walk-in pantry, and a convenient eat-at island. The main floor includes a bedroom and half bathroom, ideal for guests or a home office. Upstairs, you’ll find the remaining bedrooms along with a spacious bonus room. The primary suite is a true retreat, offering a large bedroom, walk-in closet, and a private en suite bathroom complete with double vanity and tiled walk-in shower. Additional features include a large mudroom off the garage entry and abundant natural light throughout the home. This home comes fully furnished with WiFi included, making it a seamless move-in-ready option. Interior: * 4 Bedrooms * 2.5 Bathrooms * 2801 SqFt * FURNISHED * Open Concept * Stainless Steel Appliances * Quartz Countertops * Built-in Microwave * Walk-in Pantry * Spacious Island * Pendant Lighting * Fireplace * Primary Suite * Glass enclosed Shower * Dual Vanities * Walk-in Closet * Laundry Room * Washer/Dryer Included * 1 Bedroom and Half Bathroom on Main Floor * Bonus Room Upstairs * WiFi Included Exterior: * Attached 3 Car Garage * Extended 3rd Bay * Covered Back Patio * Fully Fenced Back Yard * Garden Boxes Additional Information: * Lease Term is Negotiable * No Pets Deposit & Fees Include: $2,426 Refundable Deposit $479 Non-Refundable Admin Fee $290 Non-Refundable Carpet Care Fee (Assessed at Move out) Please Note: Availability, rates, and details are subject to change. This property is professionally managed by Kenmore Team Property Management. We are an equal housing opportunity provider. Rental Terms Rent: $3,195 Application Fee: $49 Security Deposit: $3,195 Available 5/10/26 Pet Policy Cats not allowed Dogs not allowed Amenities Fully Furnished Utilities Included Water/Sewer Garbage Electricity Gas Internet Appliances Refrigerator Range Microwave Dishwasher Washer and Dryer

Key facts

• Eat-at island
• Stone countertops
• Large mudroom

Tags

• STONE COUNTERTOPS
• WALK-IN PANTRY
• EAT-AT ISLAND
• LARGE MUDROOM
• ABUNDANT NATURAL LIGHT
• COVERED BACK PATIO

🏷️ Possibly a rental listed for sale. The $3,195 price doesn't fit this home's estimated sale value (~$553,062) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $3k.

Deal economics

• At list price, monthly cash flow is $2k ($26k/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 (3.0% below list) — sets the bar for market timing.
• Cap rate 818.6% vs local median 3.3% in Kennewick — 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 (#131 in WA, #2,599 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, housing A+, health & safety A; Watch: schools D+, amenities D+, crime F.
• Kennewick School District (urban): math 43% / reading 58% proficiency, ranked #141 of 291 in WA (top 48%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 246 active listings in the ZIP; 1 comparable units currently listed for rent nearby; solid renter incomes; 1,532 units permitted in Benton County in 2024 (389 in 5+ unit buildings).
• This rent runs 34% of the median local income ($99k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $22 of loan paydown is wiped out by about $96 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 $895 cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 41 days — a 3% lower offer ($3k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 10y 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.

Risks & watch-outs

• Climate carrying-cost: moderate wildfire risk; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $3,099 (3.0% below list)

Questions for the listing agent

1. It's been on market 41 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. 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?
5. 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?
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: 86.57% ✓
• Cap rate: 818.64%
• Cash-on-cash: 2901.23%
• DSCR: 130.09
• GRM: 0.1

CMA / ARV

• ARV (median comp): $553,062
• List price: $3,195
• Delta: -99.42%
• 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
2303 W 51st Ave	0.27mi	4/2.5	2,698 (-4%)	12mo	$735,000	$272	71
4105 S Irby St	0.54mi	4/2.5	2,830 (+1%)	10mo	$640,000	$226	65
5297 S Quincy Pl	0.44mi	4/2.5	2,583 (-8%)	8mo	$635,000	$246	60
5265 S Quincy Pl	0.50mi	4/2.5	3,084 (+10%)	1mo	$949,000	$308	59
3903 S Anderson St	0.29mi	4/2.5	2,450 (-12%)	11mo	$466,800	$191	56
3003 W 47th Ave	0.46mi	3/2.5 (-1)	3,052 (+9%)	5mo	$625,000	$205	54
4103 S Green St	0.39mi	5/3.0 (+1)	2,457 (-12%)	2mo	$585,000	$238	52
4002 S Fisher St	0.36mi	4/2.5	2,448 (-13%)	13mo	$605,000	$247	51
5298 S Quincy Pl	0.43mi	4/2.5	3,120 (+11%)	13mo	$755,000	$242	50
3313 S Buntin St	0.67mi	4/2.5	2,470 (-12%)	1mo	$479,950	$194	49
3301 S Conway Ct	0.74mi	4/2.5	2,412 (-14%)	11mo	$495,000	$205	33
1209 W Canyon Lakes Dr	0.64mi	3/2.5 (-1)	2,383 (-15%)	10mo	$575,000	$241	32

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: 154.45×
• Total profit: $137,278
• Equity at exit: $476

10-year hold

• IRR: —
• Equity multiple: 333.09×
• Total profit: $297,090
• Equity at exit: $276

Cash invested: $895 (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 99337

• Active inventory: 246
• Price-to-rent: 0.1×

Monthly cashflow live

• Estimated rent: $2,766 medium
• Mortgage (P&I): −$17
• Tax est. 1.5%: −$4 /mo · $48/yr
• Insurance: −$1
• HOA: −$0
• Vacancy / Maint / Mgmt: −$581
• Net cashflow: $2,163

Break-even live

Break-even rent $28

Max offer price $3,195

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: $799
• Closing costs: $96
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4201 S Vancouver St Kennewick, WA	5.0	2.0	2149	$3,500	$1.63	43d	1	0.24mi

Listing history 11 events

1. 2026-04-18
   historical $3,195
2. 2026-04-16
   listed $3,195
3. 2026-04-15
   listed $3,195 Active 2331-char remark

   Show marketing remark (2331 chars)

   We do not accept 3rd party applications or viewing requests. 4 Bedrooms, 2.5 Bath 2801 sqft Home in South Kennewick Welcome home to this beautifully furnished 2,801 sqft home located in desirable South Kennewick. With 4 bedrooms, 2.5 bathrooms, and a versatile bonus room, this property offers both comfort and flexibility for modern living. The kitchen is designed with both style and function in mind, featuring stone countertops, stainless steel appliances, a walk-in pantry, and a convenient eat-at island. The main floor includes a bedroom and half bathroom, ideal for guests or a home office. Upstairs, you’ll find the remaining bedrooms along with a spacious bonus room. The primary suite is a true retreat, offering a large bedroom, walk-in closet, and a private en suite bathroom complete with double vanity and tiled walk-in shower. Additional features include a large mudroom off the garage entry and abundant natural light throughout the home. This home comes fully furnished with WiFi included, making it a seamless move-in-ready option. Interior: * 4 Bedrooms * 2.5 Bathrooms * 2801 SqFt * FURNISHED * Open Concept * Stainless Steel Appliances * Quartz Countertops * Built-in Microwave * Walk-in Pantry * Spacious Island * Pendant Lighting * Fireplace * Primary Suite * Glass enclosed Shower * Dual Vanities * Walk-in Closet * Laundry Room * Washer/Dryer Included * 1 Bedroom and Half Bathroom on Main Floor * Bonus Room Upstairs * WiFi Included Exterior: * Attached 3 Car Garage * Extended 3rd Bay * Covered Back Patio * Fully Fenced Back Yard * Garden Boxes Additional Information: * Lease Term is Negotiable * No Pets Deposit & Fees Include: $2,426 Refundable Deposit $479 Non-Refundable Admin Fee $290 Non-Refundable Carpet Care Fee (Assessed at Move out) Please Note: Availability, rates, and details are subject to change. This property is professionally managed by Kenmore Team Property Management. We are an equal housing opportunity provider. Rental Terms Rent: $3,195 Application Fee: $49 Security Deposit: $3,195 Available 5/10/26 Pet Policy Cats not allowed Dogs not allowed Amenities Fully Furnished Utilities Included Water/Sewer Garbage Electricity Gas Internet Appliances Refrigerator Range Microwave Dishwasher Washer and Dryer

4. 2024-09-17
   soldstatus $3,095 Closed 992-char remark

   Show marketing remark (992 chars)

   MLS# 278235 FURNISHED Kennewick 4 Bed/2.5 Bath HouseApplications and Viewing Requests accepted from OUR WEBSITE ONLYSouth Kennewick: 2,801sqft house, 4 bedrooms & 2.5 baths w/ a bonus roomInterior: * Home comes FURNISHED, wifi also provided * Open kitchen/living/dining room layout * Kitchen has eat-at bar, stainless steel appliances, stone countertops & a walk-in pantry, is FURNISHED * One bedroom and half bath on the main floor, all other bedrooms & bonus room upstairs * Big mudroom at entry in from garage * Large primary bedroom with walk-in closet & en suite bathroom - double vanity, tiled standing shower * Lots of natural lightExterior: * 3-car garage, 3rd bay is extended * Covered back patio * Fully fenced back yard with garden boxesAdditional Lease Information: * Lease term is negotiable, open to short or long * No petsDeposit & Fees Include:$2,426 Refundable Deposit$479 Inspection Fee$290 Carpet Care FeeAmenities: Fully Furnished

5. 2024-08-27
   price $3,095 992-char remark

   Show marketing remark (992 chars)

   MLS# 278235 FURNISHED Kennewick 4 Bed/2.5 Bath HouseApplications and Viewing Requests accepted from OUR WEBSITE ONLYSouth Kennewick: 2,801sqft house, 4 bedrooms & 2.5 baths w/ a bonus roomInterior: * Home comes FURNISHED, wifi also provided * Open kitchen/living/dining room layout * Kitchen has eat-at bar, stainless steel appliances, stone countertops & a walk-in pantry, is FURNISHED * One bedroom and half bath on the main floor, all other bedrooms & bonus room upstairs * Big mudroom at entry in from garage * Large primary bedroom with walk-in closet & en suite bathroom - double vanity, tiled standing shower * Lots of natural lightExterior: * 3-car garage, 3rd bay is extended * Covered back patio * Fully fenced back yard with garden boxesAdditional Lease Information: * Lease term is negotiable, open to short or long * No petsDeposit & Fees Include:$2,426 Refundable Deposit$479 Inspection Fee$290 Carpet Care FeeAmenities: Fully Furnished

6. 2024-08-15
   listed $3,195 Active 992-char remark

   Show marketing remark (992 chars)

   MLS# 278235 FURNISHED Kennewick 4 Bed/2.5 Bath HouseApplications and Viewing Requests accepted from OUR WEBSITE ONLYSouth Kennewick: 2,801sqft house, 4 bedrooms & 2.5 baths w/ a bonus roomInterior: * Home comes FURNISHED, wifi also provided * Open kitchen/living/dining room layout * Kitchen has eat-at bar, stainless steel appliances, stone countertops & a walk-in pantry, is FURNISHED * One bedroom and half bath on the main floor, all other bedrooms & bonus room upstairs * Big mudroom at entry in from garage * Large primary bedroom with walk-in closet & en suite bathroom - double vanity, tiled standing shower * Lots of natural lightExterior: * 3-car garage, 3rd bay is extended * Covered back patio * Fully fenced back yard with garden boxesAdditional Lease Information: * Lease term is negotiable, open to short or long * No petsDeposit & Fees Include:$2,426 Refundable Deposit$479 Inspection Fee$290 Carpet Care FeeAmenities: Fully Furnished

7. 2020-07-20
   soldstatus $437,900
8. 2020-05-12
   listed $439,900
9. 2016-04-26
   soldstatus $339,900
10. 2016-02-04
    listed $334,900
11. 2015-10-29
    soldstatus $3,350,000

ⓘ 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 5/10 Major
• 🌡 Heat 5/10 Major 7 d/yr ≥97°F today · 15 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 8/10 Severe 14 unhealthy d/yr today · 15 by 30 yrs out

Taxation est. · year 1

• Rental income: $33,189
• − Mortgage interest: −$179
• − Property taxes: −$48
• − Insurance: −$16
• − Repairs & maintenance: −$2,655
• − Management: −$2,655
• − Depreciation: −$93
• Taxable income: $27,543
• Est. tax owed @ 24.0%: −$6,610
• After-tax cash flow: $19,344/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: Kennewick School District
• NCES district ID: 5303930
• Math proficiency: 43% ▼ -1.00%
• Reading proficiency: 58% ▬ 0.00%
• Median HH income: $54,191
• Composite: 45.56/100
• National rank: #5667
• State rank: #141 of 291 in WA

Livability — Kennewick

• Score: 78/100
• State rank: #131
• US rank: #2599

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Kennewick, WA
• County: Benton County · 186,895 people
• City population: 104,655
• Metro: Kennewick-Richland, WA
• Population (ZIP): 33,287
• Household income: $98,848
• Rent vs Own: 14.5% rent · 85.5% own
• Severe rent burden: 430.0

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 (67%)
• Race & ethnicity: White 67% Hispanic / Latino 26% Two or more races 13% Asian 1% Black 1%
• Hispanic origin (detail): Mexican 24%
• Common ancestry: Lithuanian 4% Portuguese 3% Iranian 2%
• Foreign-born: 12% · Canada, Vietnam
• Languages at home: 76% English-only · Spanish 20% Russian/Polish/Slavic 2%

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: ▼ -260.38%
• Current HPI: 245.5375
• 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

-99.9% since first listed

11 events — show timeline

• 2026-04-18 Rental Removed $3,195 APPFOLIO
• 2026-04-16 Listed for Rent $3,195 APPFOLIO
• 2026-04-15 Listed $3,195 PACMLS
• 2024-09-17 Sold (MLS) $3,095 PACMLS
• 2024-08-27 Price Changed $3,095 PACMLS
• 2024-08-15 Listed $3,195 PACMLS
• 2020-07-20 Sold (MLS) $437,900 PACMLS
• 2020-05-12 Listed $439,900 PACMLS
• 2016-04-26 Sold (MLS) $339,900 PACMLS
• 2016-02-04 Listed $334,900 PACMLS
• 2015-10-29 Sold (Public Records) $3,350,000 Public Records

Property tax history

+22.0%/yr

Latest (2026): $4,162 · -9.7% YoY. Source: county tax records.