6300 E 2nd Ave Unit 74 · Spokane Valley, WA 99212

$99,999

3 bd · 2.0 ba · 1,080 sqft · Manufactured public records · 64 Days on market

Built 1994

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.6/10.0
• Livability +4.2/5.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to Valley Breeze, a 55+ manufactured home community perfectly situated between Spokane and Spokane Valley! This beautifully updated 3 bed/2 bath double-wide offers 1,080 sq ft of comfortable, move-in ready living. The updated kitchen shines with a center island, new stove and refrigerator. Cathedral ceilings and vinyl plank flooring add warmth and openness throughout. The primary suite features a walk-in closet, 3/4 bath with double sinks, and plenty of space to unwind. Recent updates (last 5 years) include a newer roof, hot water tank, water pipes, metal skirting, and wheelchair-accessible ramp. Main floor laundry, a deck, and 3 parking spaces complete the package. The $570/mo lot

Key facts

• New stove
• Cathedral ceilings
• New refrigerator

Tags

• UPDATED KITCHEN
• CENTER ISLAND
• NEW STOVE
• NEW REFRIGERATOR
• CATHEDRAL CEILINGS
• VINYL PLANK FLOORING

Property features AI

Finance

• Other: Lender-owned property
• HOA & community: Senior community in Valley Breeze; Lot land lease: $570/month

Exterior

• Parking: Slab parking; Off-site parking
• Utilities: High-speed internet available (Xfinity)
• Home design: Manufactured home (Champion); Single-story (manufactured house); Entry located in a senior community (Valley Breeze)
• Construction: Vinyl siding; Composition roof; Skirted foundation with tie-downs and vapor barrier; Built as a manufactured home
• Exterior features: Level lot; City street frontage

Interior

• Kitchen: Free-standing range; Dishwasher; Refrigerator
• Bedrooms: 3 bedrooms
• Heating & cooling: Electric forced-air heating
• Interior features: Kitchen island; Utility room
• Laundry & utility: Washer; Dryer; Skirted foundation with vapor barrier and tie-downs

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $100k.

Deal economics

• At list price, monthly cash flow is $620 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $100k).
• Recommended offer: $94k (6.0% below list) — sets the bar for market timing.
• Cap rate 13.7% vs local median 3.0% in Spokane Valley — 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 85/100 on livability (#31 in WA, #512 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, housing A+; Watch: crime D+.
• Spokane School District (urban): math 47% / reading 58% proficiency, ranked #136 of 291 in WA (top 47%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Ferris High School (1,631 students, 48% FRL) — zoned schools at 48% FRL track the district average.
• Market conditions: Rents rising (+3.5%/yr); 187 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); 3,608 units permitted in Spokane County in 2024 (1,792 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $691 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Spokane County population projected at +13% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.5% rent growth), your $28k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 64 days — a 6% lower offer ($94k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 5y 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 $85k; 18% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: major wildfire risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $93,999 (6.0% below list)

Questions for the listing agent

1. It's been on market 64 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 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?
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: 1.59% ✓
• Cap rate: 13.73%
• Cash-on-cash: 26.57%
• DSCR: 2.18
• GRM: 5.2

CMA / ARV

• ARV (on-the-fly): $51,840
• Comps found: 5

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6300 E 2nd Ave #85	0.00mi	3/2.0	1,040 (-4%)	4mo	$50,000	$48	90
6300 E 2nd Ave #98	0.00mi	3/2.0	924 (-14%)	13mo	$55,000	$60	65
6300 E 2nd Ave #126	0.00mi	3/1.0	924 (-14%)	12mo	$40,000	$43	62
5820 E 4th Ave #18	0.30mi	2/2.0 (-1)	1,134 (+5%)	16mo	$60,000	$53	59
6300 E 2nd Ave Trlr 129	0.00mi	2/1.0 (-1)	952 (-12%)	21mo	$25,450	$27	54

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 · 3.49% rent growth · sell at horizon

5-year hold

• IRR: 20.9%
• Equity multiple: 1.86×
• Total profit: $24,063
• Equity at exit: $14,910

10-year hold

• IRR: 29.4%
• Equity multiple: 3.68×
• Total profit: $75,038
• Equity at exit: $8,646

Cash invested: $28,000 (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 99212

• Rents YoY: 3.5%
• Active inventory: 187
• Price-to-rent: 5.2×

Monthly cashflow live

• Estimated rent: $1,594 high
• Mortgage (P&I): −$524
• Tax from tax record: −$73 /mo · $875/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$335
• Net cashflow: $620

Break-even live

Break-even rent $809

Max offer price $99,999

Occupancy floor 56%

Sensitivity live

Price	-10% $677	-5% $648	+0% $620	+5% $592	+10% $563
Rent	-10% $494	-5% $557	+0% $620	+5% $683	+10% $746
Rate	-1.0pp $670	-0.5pp $645	base $620	+0.5pp $594	+1.0pp $568

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: $25,000
• Closing costs: $3,000
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
402 S Eastern Rd Spokane Valley, WA	1.0–2.0	1.0	715	$1,095	$1.53	14d	3	0.15mi
6020 E 4th Ave Spokane Valley, WA	1.0–2.0	1.0–2.0	735	$1,695	$2.30	14d	5	0.25mi
6017 E 6th Ave Unit M104 Spokane Valley, WA	2.0	1.0	777	$1,600	$2.06	14d	1	0.30mi
5004 E 1st Ave Spokane Valley, WA	2.0	1.0	900	$1,250	$1.39	14d	1	0.82mi
916 N Ella Rd Apt 55 Spokane Valley, WA	2.0	1.5	950	$1,450	$1.53	44d	1	1.22mi
916 N Ella Rd Unit 16 Spokane Valley, WA	2.0	1.0	750	$1,200	$1.60	44d	1	1.22mi

Listing history 35 events

1. 2026-06-18
   days on market $99,999 Active 64 DOM
2. 2026-06-17
   days on market $99,999 Active 63 DOM
3. 2026-06-16
   days on market $99,999 Active 62 DOM
4. 2026-06-15
   days on market $99,999 Active 61 DOM
5. 2026-06-14
   days on market $99,999 Active 59 DOM
6. 2026-06-10
   days on market $99,999 Active 56 DOM
7. 2026-06-09
   days on market $99,999 Active 55 DOM
8. 2026-06-08
   days on market $99,999 Active 54 DOM
9. 2026-06-07
   pricedays on market $99,999 Active 53 DOM
10. 2026-06-03
    days on market $105,000 Active 49 DOM
11. 2026-06-02
    days on market $105,000 Active 48 DOM
12. 2026-06-01
    days on market $105,000 Active 47 DOM
13. 2026-05-31
    days on market $105,000 Active 46 DOM
14. 2026-05-31
    days on market $105,000 Active 45 DOM
15. 2026-04-15
    listed $105,000 Active
16. 2026-04-14
    historical
17. 2026-03-18
    listed $115,000 Active
18. 2025-03-15
    historical
19. 2024-12-05
    status Active
20. 2024-11-27
    status Pending
21. 2024-11-25
    price $79,900
22. 2024-11-25
    price $79,900
23. 2024-09-10
    status Active
24. 2024-09-05
    status Pending
25. 2024-08-01
    listed $89,900 Active
26. 2024-08-01
    listed $89,900 Active
27. 2024-08-01
    historical
28. 2024-07-09
    price $89,900
29. 2024-07-09
    price $89,900
30. 2024-04-26
    price $94,900
31. 2024-01-11
    listed $99,900 Active
32. 2024-01-11
    listed $99,900 Active
33. 2021-03-29
    soldstatus $84,990 Sold
34. 2021-02-11
    status Pending on Inspection
35. 2021-02-08
    listed $84,990 New

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast WA · Resets to sale price

• Current annual tax: $875 · $73/mo
• Projected year-2 tax: $980 · $82/mo
• Expected delta: +$105/yr (+$9/mo · 11.9%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 6/10 Major
• 🌡 Heat 3/10 Moderate 7 d/yr ≥93°F today · 15 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 9/10 Extreme 17 unhealthy d/yr today · 17 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,124
• − Mortgage interest: −$5,601
• − Property taxes: −$875
• − Insurance: −$500
• − Repairs & maintenance: −$1,530
• − Management: −$1,530
• − Depreciation: −$2,909
• Taxable income: $6,178
• Est. tax owed @ 24.0%: −$1,483
• After-tax cash flow: $5,957/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: Spokane School District
• NCES district ID: 5308250
• Math proficiency: 47% ▲ 1.00%
• Reading proficiency: 58% ▲ 1.00%
• Median HH income: $43,187
• Composite: 46.1/100
• National rank: #5477
• State rank: #136 of 291 in WA

Livability — Spokane Valley

• Score: 85/100
• State rank: #31
• US rank: #512

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Spokane Valley, WA
• County: Spokane County · 496,401 people
• City population: 129,511
• Metro: Spokane-Spokane Valley, WA
• Population (ZIP): 21,707
• Household income: $67,049
• Rent vs Own: 30.9% rent · 69.1% own
• Severe rent burden: 842.0

Population outlook (Spokane County) Hauer SSP2

• Today (2025): 531,314 people
• By 2030: 549,278 · +3.4%
• By 2040: 577,822 · +8.8%
• By 2050: 598,188 · +12.6%
• By 2075: 630,744 · +18.7%
• By 2100: 622,360 · +17.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (86%)
• Race & ethnicity: White 86% Two or more races 8% Hispanic / Latino 6%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Portuguese 4% Slovak 3% Lithuanian 3%
• Foreign-born: 4% · Canada
• Languages at home: 95% English-only · Russian/Polish/Slavic 3% Spanish 2%

Political lean MEDSL · Spokane

• 2024 margin: Toss-up / Even · D 46.0% · R 51.0% · Other 3.0%
• 2008→2024 swing: -3.8pp toward R · 2008: -1.1pp · 2024: -5.0pp
• All cycles: 2024: R+5.0 2020: R+4.3 2016: R+8.3 2012: R+6.3 2008: R+1.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -316.37%
• Current HPI: 361.41
• Rent YoY: ▲ 3.49%
• Metro: Spokane-Spokane Valley, 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

+23.5% since first listed

21 events — show timeline

• 2026-04-15 Listed $105,000 SPOKANEMLS as Distributed by MLS Grid
• 2026-04-14 Listing Removed — SPOKANEMLS as Distributed by MLS Grid
• 2026-03-18 Listed $115,000 SPOKANEMLS as Distributed by MLS Grid
• 2025-03-15 Listing Removed — SPOKANEMLS as Distributed by MLS Grid
• 2024-12-05 Relisted — SPOKANEMLS as Distributed by MLS Grid
• 2024-11-27 Pending — SPOKANEMLS as Distributed by MLS Grid
• 2024-11-25 Price Changed $79,900 SPOKANEMLS as Distributed by MLS Grid
• 2024-11-25 Price Changed $79,900 CDAMLS
• 2024-09-10 Relisted — SPOKANEMLS as Distributed by MLS Grid
• 2024-09-05 Pending — SPOKANEMLS as Distributed by MLS Grid
• 2024-08-01 Listing Removed — SPOKANEMLS as Distributed by MLS Grid
• 2024-08-01 Listed $89,900 CDAMLS
• 2024-08-01 Listed $89,900 SPOKANEMLS as Distributed by MLS Grid
• 2024-07-09 Price Changed $89,900 SPOKANEMLS as Distributed by MLS Grid
• 2024-07-09 Price Changed $89,900 CDAMLS
• 2024-04-26 Price Changed $94,900 SPOKANEMLS as Distributed by MLS Grid
• 2024-01-11 Listed $99,900 CDAMLS
• 2024-01-11 Listed $99,900 SPOKANEMLS as Distributed by MLS Grid
• 2021-03-29 Sold (MLS) $84,990 SPOKANEMLS as Distributed by MLS Grid
• 2021-02-11 Pending — SPOKANEMLS as Distributed by MLS Grid
• 2021-02-08 Listed $84,990 SPOKANEMLS as Distributed by MLS Grid

Property tax history

+18.3%/yr

Latest (2026): $875 · +9.7% YoY. Source: county tax records.