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7301 NE 175th St #115
B- Composite 68.36
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 +24.5/30.0
  • ARV discount +15.0/15.0
  • DSCR +7.9/10.0
  • Schools +6.7/10.0
  • 1% rule +6.3/10.0
  • Livability +4.3/5.0
  • Condition / age +4.0/5.0
  • Rent growth +3.0/5.0
  • Appreciation +2.5/10.0
  • Manufactured-home adj. -5.9

$179,900

7301 NE 175th St #115 · Kenmore, WA 98028
3 bd · 2.0 ba · 1,248 sqft · Manufactured · 129 Days on market
Manufactured home Built 2025 Good condition $144/sqft · 23% below area Est $235k · 23% under

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

Listing remarks

NEW HOME! Fully landscaped with a beautiful windmill palm tree, black and white decorative gravel, large accent rocks, and venetian red stepping stones. Laminate floors throughout resemble dark walnut and provide incredible contrast with the white walls and ceiling. The alder cabinets in the kitchen look perfect with the new counter tops. The kitchen island adds an abundance of counter space and the hanging lights add a level of modernity to the home. The house comes with brand new appliances and fixtures throughout including a washer, dryer, microwave, large farm sink, garbage disposal, dish washer, and refrigerator.

Key facts

  • 2 parking spots
  • Built 2025
  • Listed 128 days

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 3-bed/2.0-bath manufactured listed at $180k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $369 ($4k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($2k rent vs $180k).
  • Recommended offer: $158k (12.0% below list) — sets the bar for market timing.
  • Cap rate 8.8% vs local median 1.7% in Kenmore — 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 86/100 on livability (#21 in WA, #427 nationally) — a professional / high-income tenant draw. Strengths: crime A+, amenities A+, commute A+; Watch: cost of living F.
  • Northshore School District (suburban): math 69% / reading 78% proficiency, ranked #9 of 291 in WA (top 3%) — strong family-tenant draw, lease renewals of 3-5y typical; only 12% free/reduced lunch — higher-income household profile.
  • Zoned schools: Kenmore Elementary (424 students, 44% FRL); Kenmore Middle School (718 students, 25% FRL); Inglemoor Hs (1,542 students, 20% FRL) — zoned schools average 30% FRL vs 12% district-wide (17 pts higher); higher-poverty schools than district average — tighter screening recommended.
  • Market conditions: Rents rising (+2.1%/yr); 253 active listings in the ZIP; 31 comparable units currently listed for rent nearby; rentals at typical pace (median 30d on market — plan ~3-4 weeks tenant-placement turnaround); 45% of comp listings sitting > 30 days — soft ceiling on asking rent; high-income renter base; 10,555 units permitted in King County in 2024 (7,119 in 5+ unit buildings).
  • This rent is only 18% of the median local income ($140k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

  • Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
  • King County population projected at +44% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

  • It's been on market 129 days — a 12% lower offer ($158k) is reasonable based on typical stale-listing flexibility.
Recommended offer $158,312 (12.0% below list)

Questions for the listing agent

  1. It's been on market 129 days. Have you received any prior offers? Is the seller open to a 12% 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 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?
  5. 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.
  6. 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.
  7. 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
1.13%
Cap rate
8.75%
Cash-on-cash
8.78%
DSCR
1.39
GRM
7.3

CMA / ARV

ARV (median comp)
$235,000
List price
$179,900
Delta
-23.45%
Verdict
UNDERPRICED
Comps
7 within 1.0 mi
Show comp detail 8 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
7031 NE 175th St #20 0.19mi 3/2.0 1,248 (0%) 11mo $155,000 $124 82
7301 NE 175th St St #335 0.05mi 2/2.0 (-1) 1,200 (-4%) 7mo $258,000 $215 80
7301 NE 175th St #140 0.02mi 2/2.0 (-1) 1,180 (-5%) 11mo $275,000 $233 75
7031 NE 175th St #19 0.19mi 2/2.0 (-1) 1,248 (0%) 21mo $255,000 $204 69
7031 NE 175th St #53 0.13mi 2/2.0 (-1) 1,080 (-14%) 1mo $243,000 $225 66
7301 NE 175th St #330 0.05mi 2/1.0 (-1) 1,100 (-12%) 20mo $50,000 $45 52
7031 NE 175th St #34 0.19mi 2/2.0 (-1) 1,400 (+12%) 21mo $215,000 $154 49
17730 80th Ave NE 0.51mi 3/2.0 1,152 (-8%) 24mo $1,050,000 $911 43

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 · 2.09% rent growth · sell at horizon

5-year hold
IRR
-4.0%
Equity multiple
0.85×
Total profit
$-7,493
Equity at exit
$26,824
10-year hold
IRR
4.6%
Equity multiple
1.33×
Total profit
$16,375
Equity at exit
$15,554

Cash invested: $50,372 (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.
Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
4 active · 1 under contract
Months of supply
24.0 mo (4%/mo absorbed)
Median asking
$124,000 ($93/sqft)
Median days on market
55 d
This list price
100% of active listings are priced below it
ARV vs active asking
+102.7% above current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 98028

Rents YoY
2.1%
Active inventory
253
Price-to-rent
7.3×

Monthly cashflow live

Estimated rent
$2,040 high interval (Pro) →
Mortgage (P&I)
$943
Tax est. 1.5%
$225 /mo · $2,698/yr
Insurance
$75
HOA
$0
Lot rent leased land?
$0
Vacancy / Maint / Mgmt
$428
Net cashflow
$369

Break-even live

Break-even rent $1,574
Max offer price $179,900
Occupancy floor 77%

Sensitivity live

Price -10% $493 -5% $431 +0% $369 +5% $306 +10% $244
Rent -10% $207 -5% $288 +0% $369 +5% $449 +10% $530
Rate -1.0pp $459 -0.5pp $414 base $369 +0.5pp $322 +1.0pp $275

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
$44,975
Closing costs
$5,397
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 31 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
18200 73rd Ave NE Unit B203 Kenmore, WA 2.0 2.0 857 $1,990 $2.32 29d 1 0.39mi
16724 Juanita Dr NE Kenmore, WA 1.0–2.0 1.0 775 $2,283 $2.95 13d 4 0.40mi
17525 80th Ave NE Kenmore, WA 1.0–2.0 1.0–2.0 900 $1,799 $2.00 21d 4 0.42mi
17811 80th Ave NE Kenmore, WA 2.0 2.5 1437 $3,000 $2.09 93d 1 0.43mi
7208 NE 182nd St Unit 7206 Kenmore, WA 2.0 2.0 925 $2,150 $2.32 33d 1 0.43mi
17827 80th Ave NE Unit B102 Kenmore, WA 3.0 2.0 1346 $3,000 $2.23 73d 1 0.44mi
16636 Juanita Dr NE Kenmore, WA 2.0 2.0 1134 $2,249 $1.98 21d 1 0.46mi
17921 80th Ave NE Unit A3 Kenmore, WA 3.0 2.5 1262 $3,000 $2.38 67d 1 0.46mi
18249 73rd Ave NE Kenmore, WA 1.0–2.0 1.0–2.0 827 $2,400 $2.90 8d 7 0.48mi
18151 68th Ave NE Kenmore, WA 1.0–3.0 1.0–3.0 1015 $3,429 $3.38 8d 6 0.51mi
6711 NE 182nd St Kenmore, WA 1.0–2.0 1.0–2.0 858 $2,483 $2.89 12d 14 0.55mi
7000 NE 186th Pl Kenmore, WA 2.0–3.0 2.5 1465 $3,795 $2.59 9d 6 0.59mi
16929 Inglewood Rd NE Unit C202 Kenmore, WA 2.0 2.0 1375 $3,000 $2.18 25d 1 0.60mi
17527 83rd Pl NE Kenmore, WA 2.0 2.0 900 $1,990 $2.21 54d 1 0.60mi
17512 83rd Pl NE Kenmore, WA 1.0–2.0 1.0–2.0 850 $2,250 $2.65 13d 2 0.67mi
6410 NE 181st St Kenmore, WA 2.0 1.0 910 $2,500 $2.75 93d 1 0.69mi
18930 68th Ave NE Kenmore, WA 1.0–2.0 1.0–2.0 799 $2,457 $3.08 8d 10 0.79mi
8700 NE Bothell Way Bothell, WA 1.0–3.0 1.0–2.0 1038 $2,572 $2.48 8d 7 0.87mi
15914 84th Ave NE Unit C Kenmore, WA 2.0 1.0 850 $1,975 $2.32 93d 1 1.03mi
15000 Juanita Dr NE #302 Kenmore, WA 2.0 2.0 1372 $2,900 $2.11 17d 1 1.27mi
9226 NE 184th Pl Bothell, WA 3.0 1.5 1250 $3,500 $2.80 13d 1 1.31mi
9505 NE 180th St Unit 102 Bothell, WA 2.0 2.0 1070 $2,549 $2.38 37d 1 1.38mi
6107 NE 194th Pl Kenmore, WA 2.0 1.0 902 $1,850 $2.05 29d 1 1.39mi
17917 95th Pl NE Unit 203 Bothell, WA 2.0 2.0 1070 $2,495 $2.33 41d 1 1.40mi
9517 NE 180th St Unit B207 Bothell, WA 2.0 1.0 840 $1,850 $2.20 52d 1 1.40mi
9525 NE 180th St Unit 303 Bothell, WA 2.0 2.0 1080 $2,349 $2.17 37d 1 1.43mi
18107 96th Ave NE Bothell, WA 1.0–2.0 1.0–1.5 895 $2,095 $2.34 20d 2 1.43mi
18125 96th Ave NE Unit 4 Bothell, WA 2.0 1.0 900 $1,725 $1.92 73d 1 1.44mi
18125 96th Ave NE Unit 7 Bothell, WA 2.0 1.0 900 $1,845 $2.05 48d 1 1.44mi
18125 96th Ave NE Apt 6 Bothell, WA 2.0 1.0 900 $1,895 $2.11 93d 1 1.44mi
18305 96th Ave NE Bothell, WA 2.0 1.0 1000 $2,300 $2.30 21d 1 1.46mi

Property features AI

Finance

Other
Listed as activeBuyer brokerage compensation: 3.5%Calculated building area: 1,248 (source: math)
Financial info
Listing terms: Cash
HOA & community
Land lease: $1,39578 homes in parkPark name: Inglewood EastSenior community (check details)Pets allowed — see remarks

Exterior

Parking
Uncovered parking2 open parking spacesUnder carport
Utilities
Water: North Shore UtilitySewer: North Shore UtilityPower: PSECable: ComcastInternet: Comcast
Home design
Manufactured double wide (Fleetwood Evergreen)One levelManufactured houseMobile home remains on lot
Construction
Wood constructionComposition roof
Exterior features
Wood exterior productsSkirted with woodCommunity waterfront/private beach access

Interior

Kitchen
DishwasherGarbage disposalMicrowaveRefrigeratorStove/Range
Bedrooms
3 bedrooms
Flooring
Laminate
Bathrooms
1 full bath1 three-quarter bath
Heating & cooling
Forced air heatingElectric power
Interior features
Double pane windowsBath off primaryLandscapedClubhouse in community
Laundry & utility
WasherDryerStorage under carport (1 storage)

Listing history 50 events

  1. 2026-08-08
    days on market $179,900 Active 129 DOM
  2. 2026-08-06
    days on market $179,900 Active 127 DOM
  3. 2026-08-05
    days on market $179,900 Active 126 DOM
  4. 2026-08-04
    pricedays on market $179,900 Active 125 DOM
  5. 2026-08-03
    days on market $187,950 Active 124 DOM
  6. 2026-07-31
    days on market $187,950 Active 121 DOM
  7. 2026-07-30
    days on market $187,950 Active 119 DOM
  8. 2026-07-28
    days on market $187,950 Active 118 DOM
  9. 2026-07-26
    days on market $187,950 Active 116 DOM
  10. 2026-07-24
    days on market $187,950 Active 114 DOM
  11. 2026-07-23
    days on market $187,950 Active 113 DOM
  12. 2026-07-22
    days on market $187,950 Active 112 DOM
  13. 2026-07-21
    days on market $187,950 Active 111 DOM
  14. 2026-07-20
    days on market $187,950 Active 110 DOM
  15. 2026-07-18
    days on market $187,950 Active 108 DOM
  16. 2026-07-18
    days on market $187,950 Active 107 DOM
  17. 2026-07-16
    days on market $187,950 Active 106 DOM
  18. 2026-07-15
    days on market $187,950 Active 105 DOM
  19. 2026-07-14
    days on market $187,950 Active 104 DOM
  20. 2026-07-13
    days on market $187,950 Active 103 DOM
  21. 2026-07-13
    days on market $187,950 Active 102 DOM
  22. 2026-07-11
    days on market $187,950 Active 101 DOM
  23. 2026-07-10
    days on market $187,950 Active 100 DOM
  24. 2026-07-09
    days on market $187,950 Active 99 DOM
  25. 2026-07-07
    days on market $187,950 Active 97 DOM
  26. 2026-07-06
    days on market $187,950 Active 96 DOM
  27. 2026-07-06
    days on market $187,950 Active 95 DOM
  28. 2026-07-05
    days on market $187,950 Active 94 DOM
  29. 2026-07-03
    days on market $187,950 Active 93 DOM
  30. 2026-07-02
    days on market $187,950 Active 92 DOM
  31. 2026-07-01
    days on market $187,950 Active 91 DOM
  32. 2026-06-30
    days on market $187,950 Active 90 DOM
  33. 2026-06-29
    days on market $187,950 Active 89 DOM
  34. 2026-06-28
    days on market $187,950 Active 88 DOM
  35. 2026-06-27
    days on market $187,950 Active 87 DOM
  36. 2026-06-26
    days on market $187,950 Active 86 DOM
  37. 2026-06-24
    days on market $187,950 Active 84 DOM
  38. 2026-06-22
    days on market $187,950 Active 82 DOM
  39. 2026-06-21
    days on market $187,950 Active 81 DOM
  40. 2026-06-18
    days on market $187,950 Active 78 DOM
  41. 2026-06-17
    days on market $187,950 Active 77 DOM
  42. 2026-06-16
    days on market $187,950 Active 76 DOM
  43. 2026-06-15
    days on market $187,950 Active 75 DOM
  44. 2026-06-13
    days on market $187,950 Active 73 DOM
  45. 2026-06-13
    days on market $187,950 Active 72 DOM
  46. 2026-06-09
    days on market $187,950 Active 69 DOM
  47. 2026-06-08
    days on market $187,950 Active 68 DOM
  48. 2026-06-07
    days on market $187,950 Active 67 DOM
  49. 2026-06-04
    days on market $187,950 Active 64 DOM
  50. 2026-06-03
    days on market $187,950 Active 63 DOM

ⓘ 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 (unshaded) · 0% chance over 30 yrs
  • 🔥 Wildfire 1/10 Low
  • 🌡 Heat 3/10 Moderate 7 d/yr ≥86°F today · 16 d/yr by 30 yrs out
  • 💨 Wind 1/10 Low
  • 🫁 Air quality 6/10 Major 9 unhealthy d/yr today · 9 by 30 yrs out

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$24,485
− Mortgage interest
−$10,077
− Property taxes
−$2,698
− Insurance
−$900
− Repairs & maintenance
−$1,959
− Management
−$1,959
− Depreciation
−$5,233
Taxable income
$1,658
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$398
After-tax cash flow
$4,026/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 Est. rehab $6,240–$18,720 screening

This home is in excellent condition with a fresh exterior and interior. It's move-in ready with new appliances and fixtures, making it an attractive option for both resale and rental.

Value-add opportunities

  • Both Paint interior walls and ceiling — Fresh paint enhances curb appeal and interior aesthetics.
  • Resale Replace countertops with quartz or granite — Quartz or granite countertops are more durable and aesthetically pleasing, increasing resale value.
  • Both Install smart home devices — Smart home devices improve convenience and energy efficiency, enhancing both resale and rental value.
  • Both Add a smart thermostat — A smart thermostat can save energy and improve comfort, increasing both resale and rental value.
  • Both Install a water softener — A water softener can improve water quality and reduce maintenance costs, increasing both resale and rental value.

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

Zoned Schools

Elementary Arrowhead Elementary Middle Kenmore Middle School High Inglemoor Hs

Schools (NCES district)

District
Northshore School District
NCES district ID
5305910
Math proficiency
69% ▼ -3.00%
Reading proficiency
78% ▼ -1.00%
Median HH income
$92,951
Composite
67.41/100
National rank
#826
State rank
#9 of 291 in WA
A Composite livability gradescore 86/100

Livability — Kenmore

Score
86/100
State rank
#21
US rank
#427

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Kenmore, WA
County
King County · 2,576,485 people
City population
23,741
Metro
Seattle-Tacoma-Bellevue, WA
Population (ZIP)
23,741
Household income
$139,764
Rent vs Own
30.7% rent · 69.3% own
Severe rent burden
17% of renters

Population outlook (King County) Hauer SSP2

Today (2025)
2,576,485 people
By 2030
2,803,316 · +8.8%
By 2040
3,255,921 · +26.4%
By 2050
3,706,444 · +43.9%
By 2075
4,746,063 · +84.2%
By 2100
5,407,730 · +109.9%

Race, ethnicity, and origin ACS 2023

Neighborhood character
Diverse neighborhood (Simpson 0.55)
Race & ethnicity
White 64% Asian 15% Hispanic / Latino 11% Two or more races 10% Black 3%
Hispanic origin (detail)
Mexican 8%
Common ancestry
Portuguese 5% Italian 4% Slovak 2%
Foreign-born
22% · Canada, China, South Korea
Languages at home
73% English-only · Spanish 7% Chinese 5% Other Indo-European 3%

Political lean MEDSL · King

2024 margin
Solid D (+51.7) · D 74.2% · R 22.5% · Other 3.4%
2008→2024 swing
+9.6pp toward D · 2008: 42.1pp · 2024: 51.7pp
All cycles
2024: D+51.7 2020: D+52.7 2016: D+50.4 2012: D+39.9 2008: D+42.1

Not yet ingested

Civics

Price history

1 event — show timeline
  • 2026-04-01 Listed $187,950 NWMLS as Distributed by MLS Grid

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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