124 Ridgewood Dr · Evergreen, MT 59901

$137,000

3 bd · 2.0 ba · 1,216 sqft · Manufactured · 25 Days on market

Built 2019 Fair condition Est $135k · at est.

---

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 +6.8/15.0
• Schools +3.5/10.0
• Livability +3.4/5.0
• Rent growth +3.1/5.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Like New! Exceptional manufactured home with upgrades. All set up and ready for you to move in. Currently located on a rented lot in Ridgewood Terrace, or it can be moved to the property of your choice. Great open concept living/kitchen area. The primary bedroom is spacious, ensuite includes a deep soaking tub, step in shower and walk in closet. Two guest bedrooms and a full guest bathroom are located on the other end of the home. in the open kitchen is a very cool hidden walk in pantry/laundry room combo with ample shelving and storage available. Abundant natural light makes for a very cheerful atmosphere. All appliances PLUS two storage sheds will be included in sale with a strong offer. This home is very clean, barely used and well taken care of. All of this plus an expansive fenced in yard. If you assume the rented lot space it is an affordable monthly rate of $585, plus water/sewer/trash removal. Please call Quincy Smith at 406-291-9249 or your real estate professional.

Key facts

• Open floor plan
• Spacious wooden deck
• Fully fenced yard

Tags

• OPEN FLOOR PLAN
• HIDDEN UTILITY AND PANTRY ROOM
• DEEP SOAKING TUB
• SPACIOUS WOODEN DECK
• FULLY FENCED YARD
• TWO SEPARATE STORAGE SHEDS

Property features AI

Exterior

• Security: Smoke detector(s); Security system
• Utilities: Public water; Public sewer; Electricity connected
• Home design: Manufactured home (single wide); One level; Residential property
• Construction: Wood siding; Block foundation; Asphalt roof; Level topography
• Exterior features: Garden; Deck; Chain link fencing; Shed(s)

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric forced air heating; Window AC unit(s)
• Interior features: Open floorplan; Walk-in closet(s); High-speed internet
• Laundry & utility: Washer and dryer; Washer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $137k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $819 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $137k).
• Recommended offer: $135k (1.5% below list) — sets the bar for market timing.
• Cap rate 13.5% vs local median 2.1% in Evergreen — 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 68/100 on livability (#89 in MT) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety A+, cost of living A; Watch: schools C-, crime C-, amenities F.
• Flathead H S (town): math 29% / reading 52% proficiency, ranked #55 of 116 in MT (top 47%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+2.4%/yr); 683 active listings in the ZIP; 281 units permitted in Flathead County in 2024 (80 in 5+ unit buildings).
• This rent runs 37% of the median local income ($73k/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 $947 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Flathead County population projected at +20% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 2.4% rent growth), your $38k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 25 days — a 2% lower offer ($135k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 2y 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 $134,945 (1.5% below list)

Questions for the listing agent

1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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.
4. 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.
5. 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: 1.63% ✓
• Cap rate: 13.47%
• Cash-on-cash: 25.62%
• DSCR: 2.14
• GRM: 5.1

CMA / ARV

• ARV (on-the-fly): $134,976
• Comps found: 10

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
42 Ridgewood Dr	0.33mi	3/2.0	1,216 (0%)	1mo	$125,000	$103	84
137 Ridgewood Dr	0.07mi	3/2.0	1,280 (+5%)	5mo	$115,000	$90	84
124 Ridgewood Dr	0.00mi	3/2.0	1,216 (0%)	24mo	$135,000	$111	80
157 Ridgewood Dr	0.17mi	3/2.0	1,216 (0%)	18mo	$96,500	$79	77
78 Ridgewood Dr	0.19mi	3/2.0	1,216 (0%)	20mo	$125,000	$103	75
223 Cooperative Way	0.41mi	3/2.0	1,296 (+7%)	2mo	$399,000	$308	68
172 Ridgewood Dr	0.19mi	3/2.0	1,140 (-6%)	23mo	$135,000	$118	62
110 E Evergreen Dr #8	0.64mi	3/2.0	1,216 (0%)	24mo	$32,000	$26	50
47 E Nicklaus Dr	0.48mi	2/2.0 (-1)	1,056 (-13%)	7mo	$379,000	$359	45
115 W Nicklaus Ave	0.72mi	2/2.0 (-1)	1,125 (-8%)	8mo	$359,900	$320	42

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 · 2.41% rent growth · sell at horizon

5-year hold

• IRR: 18.6%
• Equity multiple: 1.75×
• Total profit: $28,676
• Equity at exit: $20,427

10-year hold

• IRR: 26.5%
• Equity multiple: 3.27×
• Total profit: $86,924
• Equity at exit: $11,845

Cash invested: $38,360 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 82 Strongly Landlord-Friendly
• State Montana: 82 Strongly Landlord-Friendly · R+11
• County: — inherits STATE
• City: — inherits STATE

30-day notice; no rent control; preempted; rural-skewed market.

Methodology + full state rankings →

ZIP-level market 59901

• Rents YoY: 2.4%
• Active inventory: 683
• Price-to-rent: 5.1×

Monthly cashflow live

• Estimated rent: $2,235 medium
• Mortgage (P&I): −$718
• Tax est. 1.5%: −$171 /mo · $2,055/yr
• Insurance: −$57
• HOA: −$0
• Vacancy / Maint / Mgmt: −$469
• Net cashflow: $819

Break-even live

Break-even rent $1,198

Max offer price $137,000

Occupancy floor 58%

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: $34,250
• Closing costs: $4,110
• Reserves months: —
• Total cash needed: —

Listing history 13 events

1. 2026-06-09
   days on market $137,000 Active 25 DOM
2. 2026-06-08
   days on market $137,000 Active 24 DOM
3. 2026-06-07
   days on market $137,000 Active 23 DOM
4. 2026-06-05
   days on market $137,000 Active 20 DOM
5. 2026-06-03
   days on market $137,000 Active 19 DOM
6. 2026-06-02
   days on market $137,000 Active 18 DOM
7. 2026-06-01
   days on market $137,000 Active 17 DOM
8. 2026-05-31
   days on market $137,000 Active 16 DOM
9. 2026-05-30
   days on market $137,000 Active 15 DOM
10. 2026-05-15
    listed $137,000 Active
11. 2024-07-05
    soldstatus Closed 989-char remark

    Show marketing remark (989 chars)

    Like New! Exceptional manufactured home with upgrades. All set up and ready for you to move in. Currently located on a rented lot in Ridgewood Terrace, or it can be moved to the property of your choice. Great open concept living/kitchen area. The primary bedroom is spacious, ensuite includes a deep soaking tub, step in shower and walk in closet. Two guest bedrooms and a full guest bathroom are located on the other end of the home. in the open kitchen is a very cool hidden walk in pantry/laundry room combo with ample shelving and storage available. Abundant natural light makes for a very cheerful atmosphere. All appliances PLUS two storage sheds will be included in sale with a strong offer. This home is very clean, barely used and well taken care of. All of this plus an expansive fenced in yard. If you assume the rented lot space it is an affordable monthly rate of $585, plus water/sewer/trash removal. Please call Quincy Smith at 406-291-9249 or your real estate professional.

12. 2024-06-06
    historical Active Under Contract 989-char remark

    Show marketing remark (989 chars)

    Like New! Exceptional manufactured home with upgrades. All set up and ready for you to move in. Currently located on a rented lot in Ridgewood Terrace, or it can be moved to the property of your choice. Great open concept living/kitchen area. The primary bedroom is spacious, ensuite includes a deep soaking tub, step in shower and walk in closet. Two guest bedrooms and a full guest bathroom are located on the other end of the home. in the open kitchen is a very cool hidden walk in pantry/laundry room combo with ample shelving and storage available. Abundant natural light makes for a very cheerful atmosphere. All appliances PLUS two storage sheds will be included in sale with a strong offer. This home is very clean, barely used and well taken care of. All of this plus an expansive fenced in yard. If you assume the rented lot space it is an affordable monthly rate of $585, plus water/sewer/trash removal. Please call Quincy Smith at 406-291-9249 or your real estate professional.

13. 2024-06-03
    listed $135,000 Active 989-char remark

    Show marketing remark (989 chars)

    Like New! Exceptional manufactured home with upgrades. All set up and ready for you to move in. Currently located on a rented lot in Ridgewood Terrace, or it can be moved to the property of your choice. Great open concept living/kitchen area. The primary bedroom is spacious, ensuite includes a deep soaking tub, step in shower and walk in closet. Two guest bedrooms and a full guest bathroom are located on the other end of the home. in the open kitchen is a very cool hidden walk in pantry/laundry room combo with ample shelving and storage available. Abundant natural light makes for a very cheerful atmosphere. All appliances PLUS two storage sheds will be included in sale with a strong offer. This home is very clean, barely used and well taken care of. All of this plus an expansive fenced in yard. If you assume the rented lot space it is an affordable monthly rate of $585, plus water/sewer/trash removal. Please call Quincy Smith at 406-291-9249 or your real estate professional.

ⓘ 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 4/10 Moderate FEMA zone X (shaded) · 22% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥90°F today · 14 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 8/10 Severe 14 unhealthy d/yr today · 17 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,822
• − Mortgage interest: −$7,674
• − Property taxes: −$2,055
• − Insurance: −$685
• − Repairs & maintenance: −$2,146
• − Management: −$2,146
• − Depreciation: −$3,985
• Taxable income: $8,131
• Est. tax owed @ 24.0%: −$1,951
• After-tax cash flow: $7,876/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

Fair 45/100 Moderate rehab

This manufactured home requires moderate repairs and maintenance to improve its condition and value. Repainting, refinishing, and replacing worn cabinets would significantly enhance its appeal.

Repairs flagged

• Moderate Deck — Worn and needs refinishing
• Moderate Siding — Worn and needs repainting
• Minor Kitchen cabinets — Worn and could be refinished

Value-add opportunities

• Both Paint interior walls and trim — Fresh paint enhances curb appeal and interior aesthetics
• Both Refinish deck and siding — Fresh look and improved curb appeal
• Both Replace worn kitchen cabinets — Fresh cabinets improve functionality and aesthetics

Renovation cost estimate screening

Repair item	Severity	Est. cost
Deck · Worn and needs refinishing	Moderate	$3,000–15,000
Siding · Worn and needs repainting	Moderate	$3,000–15,000
Kitchen cabinets · Worn and could be refinished	Minor	$500–3,000
Total estimated repair cost · 3 items		$6,500–33,000

Value-add ROI direction

• Both Paint interior walls and trim — Fresh paint enhances curb appeal and interior aesthetics ↑
• Both Refinish deck and siding — Fresh look and improved curb appeal ↑
• Both Replace worn kitchen cabinets — Fresh cabinets improve functionality and aesthetics ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Flathead H S
• NCES district ID: 3015420
• Math proficiency: 29% ▼ -6.00%
• Reading proficiency: 52% ▼ -3.00%
• Median HH income: $49,712
• Composite: 34.79/100
• National rank: #5115
• State rank: #55 of 116 in MT

Livability — Evergreen

• Score: 68/100
• State rank: #89
• US rank: #9272

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Evergreen, MT
• County: Flathead County · 94,027 people
• Metro: Kalispell, MT
• Population (ZIP): 63,161
• Household income: $72,523
• Rent vs Own: 30.0% rent · 70.0% own
• Severe rent burden: 1577.0

Population outlook (Flathead County) Hauer SSP2

• Today (2025): 108,002 people
• By 2030: 113,362 · +5.0%
• By 2040: 122,245 · +13.2%
• By 2050: 129,517 · +19.9%
• By 2075: 146,737 · +35.9%
• By 2100: 155,045 · +43.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (89%)
• Race & ethnicity: White 89% Two or more races 6% Hispanic / Latino 4% Native American 1% Asian 1%
• Common ancestry: Portuguese 9% Slovak 3% Lithuanian 3%
• Foreign-born: 3% · Canada, China
• Languages at home: 96% English-only · Spanish 1% German/W. Germanic 0%

Political lean MEDSL · Flathead

• 2024 margin: Solid R (+33.8) · D 31.8% · R 65.5% · Other 2.7%
• 2008→2024 swing: -12.2pp toward R · 2008: -21.6pp · 2024: -33.8pp
• All cycles: 2024: R+33.8 2020: R+29.9 2016: R+36.5 2012: R+33.4 2008: R+21.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -698.78%
• Current HPI: 225.6792
• Rent YoY: ▲ 2.41%
• Metro: Kalispell, MT
• State GDP YoY: ▲ 3.41%
• F500 in state: 2

Industry mix (Fortune 500 HQ in MT)

Industry	F500 HQs	Revenue
▸Technology / Analytics	1	$2B

Price history

+1.5% since first listed

4 events — show timeline

• 2026-05-15 Listed $137,000 MRMLS
• 2024-07-05 Sold (MLS) — MRMLS
• 2024-06-06 Contingent — MRMLS
• 2024-06-03 Listed $135,000 MRMLS