6024 79th Street Ct E #7 · Waller, WA 98371

$29,950

2 bd · 2.0 ba · 672 sqft · Manufactured public records · 6 Days on market

Built 1972 Est $38k · 22% under

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Why this score? — see what drove the C- 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 +15.0/15.0
• Schools +5.4/10.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Livability +3.5/5.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Charming 55+ Crestview Community Single Wide - ready for you! Enjoy convenient single-level living with an open floor plan & plentiful natural light throughout. An open kitchen boasts plentiful space for pantry storage & meal preparation. Don't miss the beautiful built-ins through the dining room! The primary bedroom boasts ample closet space & an ensuite bathroom. An additional bedroom is ready to adapt to your various needs. Space rent covers Water & Sewer - Park Approval Required for Sale. The central location offers easy access to Downtown Puyallup, Canyon Rd, WA-512, and more!

Key facts

• Open floor plan
• Beautiful built-ins
• Ample closet space

Tags

• OPEN FLOOR PLAN
• PLENTIFUL NATURAL LIGHT
• BEAUTIFUL BUILT-INS
• AMPLE CLOSET SPACE
• ENSUITE BATHROOM
• CENTRAL LOCATION

Property features AI

Finance

• Other: Senior community; Power provided by Tacoma Public Utilities; Double pane windows (energy efficient)
• Financial info: Listing terms: Cash or Conventional
• HOA & community: Located in a manufactured home park (approved for sale); Park amenities: clubhouse, common area, laundry; Approximately 40 homes in the park; Land lease: $900/month; Mobile home remains

Exterior

• Parking: Carport
• Utilities: Electric power; Shared well water (water included in park dues); Sewer service included in park dues
• Home design: Manufactured single-wide home; One story; Northwest-facing; Good condition; Model: olympian
• Construction: Metal/vinyl construction materials; Metal roof; Tie down foundation; Manufactured house (single wide)
• Exterior features: Metal/vinyl exterior; Patio/Porch/Deck; Landscaped; Paved and secluded lot

Interior

• Kitchen: Dishwasher; Refrigerator; Stove/Range
• Bedrooms: 2 bedrooms
• Flooring: Vinyl; Carpet
• Bathrooms: 1 full bath (includes 1 bathtub and 1 shower)
• Heating & cooling: Forced air heating; Forced air cooling
• Interior features: Water heater (electric); Vaulted ceilings; Bath off primary; Dining room; Entry; Kitchen with eating space; Living room
• Laundry & utility: Washer; Dryer; Water heater located in utility closet

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $30k.

Deal economics

• At list price, monthly cash flow is $1k ($14k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $30k).
• Cap rate 53.8% vs local median 2.1% in Waller — 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 69/100 on livability (#254 in WA) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+, crime B; Watch: health & safety C-, commute D+, schools D-.
• Puyallup School District (suburban): math 53% / reading 66% proficiency, ranked #52 of 291 in WA (top 18%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising (+1.4%/yr); 227 active listings in the ZIP; solid renter incomes; 3,209 units permitted in Pierce County in 2024 (1,269 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $208 of loan paydown is wiped out by about $898 of value loss. Plan a longer hold.
• Pierce County population projected at +26% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 1.4% rent growth), your $8k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.

Recommended offer $29,950

Questions for the listing agent

1. Built in 1972 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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: 5.87% ✓
• Cap rate: 53.85%
• Cash-on-cash: 169.83%
• DSCR: 8.56
• GRM: 1.4

CMA / ARV

• ARV (on-the-fly): $38,304
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6016 79th Street Ct E #11	0.02mi	2/1.0	672 (0%)	3mo	$38,000	$57	93
5911 79th Street Ct E #24	0.09mi	2/1.0	720 (+7%)	9mo	$30,000	$42	73

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 · 1.41% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 9.11×
• Total profit: $67,993
• Equity at exit: $4,466

10-year hold

• IRR: —
• Equity multiple: 18.37×
• Total profit: $145,633
• Equity at exit: $2,590

Cash invested: $8,386 (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 98371

• Rents YoY: 1.4%
• Active inventory: 227
• Price-to-rent: 1.4×

Monthly cashflow live

• Estimated rent: $1,759 medium
• Mortgage (P&I): −$157
• Tax from tax record: −$33 /mo · $394/yr
• Insurance: −$12
• HOA: −$0
• Vacancy / Maint / Mgmt: −$369
• Net cashflow: $1,187

Break-even live

Break-even rent $256

Max offer price $29,950

Occupancy floor 28%

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: $7,488
• Closing costs: $898
• Reserves months: —
• Total cash needed: —

Listing history 6 events

1. 2026-06-18
   days on market $29,950 Active 6 DOM
2. 2026-06-17
   days on market $29,950 Active 5 DOM
3. 2026-06-16
   days on market $29,950 Active 4 DOM
4. 2026-06-15
   days on market $29,950 Active 3 DOM
5. 2026-06-13
   remarks 596-char remark
6. 2026-06-13
   listed $29,950 Active 1 DOM

ⓘ 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: $394 · $33/mo
• Projected year-2 tax: $394 · $33/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥87°F today · 15 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 7/10 Severe 11 unhealthy d/yr today · 12 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,102
• − Mortgage interest: −$1,678
• − Property taxes: −$394
• − Insurance: −$150
• − Repairs & maintenance: −$1,688
• − Management: −$1,688
• − Depreciation: −$871
• Taxable income: $14,633
• Est. tax owed @ 24.0%: −$3,512
• After-tax cash flow: $10,730/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: Puyallup School District
• NCES district ID: 5306960
• Math proficiency: 53% ▬ 0.00%
• Reading proficiency: 66% ▬ 0.00%
• Median HH income: $68,291
• Composite: 54.01/100
• National rank: #3006
• State rank: #52 of 291 in WA

Livability — Waller

• Score: 69/100
• State rank: #254
• US rank: #8174

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Waller, WA
• County: Pierce County · 788,257 people
• City population: 5,787
• Metro: Seattle-Tacoma-Bellevue, WA
• Population (ZIP): 24,682
• Household income: $97,242
• Rent vs Own: 28.1% rent · 71.9% own
• Severe rent burden: 507.0

Population outlook (Pierce County) Hauer SSP2

• Today (2025): 956,648 people
• By 2030: 1,010,862 · +5.7%
• By 2040: 1,113,170 · +16.4%
• By 2050: 1,206,524 · +26.1%
• By 2075: 1,436,425 · +50.2%
• By 2100: 1,563,654 · +63.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (70%)
• Race & ethnicity: White 70% Two or more races 12% Hispanic / Latino 11% Asian 6% Black 4%
• Hispanic origin (detail): Mexican 9%
• Common ancestry: Portuguese 5% Slovak 3% Italian 2%
• Foreign-born: 10% · Canada, South Korea, Vietnam
• Languages at home: 85% English-only · Spanish 5% Korean 2% Vietnamese 2%

Political lean MEDSL · Pierce

• 2024 margin: D (+10.8) · D 53.9% · R 43.1% · Other 3.0%
• 2008→2024 swing: -1.4pp toward R · 2008: 12.2pp · 2024: 10.8pp
• All cycles: 2024: D+10.8 2020: D+11.2 2016: D+7.5 2012: D+11.0 2008: D+12.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -580.45%
• Current HPI: 295.2143
• Rent YoY: ▲ 1.41%
• Metro: Seattle-Tacoma-Bellevue, 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

1 event — show timeline

• 2026-06-12 Listed $29,950 NWMLS as Distributed by MLS Grid

Property tax history

+19.5%/yr

Latest (2026): $394 · +16.9% YoY. Source: county tax records.