4870 US Hwy 93 S #100

Whitefish, MT 59937

$145,000B

3 bd · 2.0 ba · 1,125 sqft · Built 2026 · Manufactured · Active · 75 DOM

Cashflow @ list (25.0% down · 7.5%)

• Estimated rent: $2,615/mo
• Mortgage (P&I): −$814
• Tax + insurance: −$259
• HOA: −$0
• Vac / Maint / Mgmt: −$549
• Net cashflow: $993/mo
• Annual: $11,917/yr
• Cap rate: 13.97%
• Cash-on-cash: 27.41%
• DSCR: 2.22
• 1% rule: 1.68%
• Cash to close: $43,470

Investor read

• This is a 3-bed/2.0-bath manufactured listed at $145k. Condition is rated good.
• At list price, monthly cash flow is $993 ($12k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $145k).
• It's been on market 75 days — a 6% lower offer ($136k) is reasonable based on typical stale-listing flexibility.
• Recommended offer: $136k (6.0% below list) — sets the bar for market timing.
• 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.
• Location reads 83/100 on livability (#3 in MT, #951 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, health & safety A+, crime A; Watch: employment C-, cost of living F.
• Whitefish H S (town): math 50% / reading 60% proficiency, ranked #41 of 339 in MT (top 12%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: L A Muldown School (math 59% / reading 64%, grade B, #37 of 293 statewide, top 12%, 653 students, 0% FRL); Whitefish Middle 5-8 (math 40% / reading 59%, grade C, #26 of 146 statewide, top 22%, 660 students, 0% FRL); Whitefish High School (math 42% / reading 62%, grade D+, #8 of 132 statewide, top 5%, 581 students, 0% FRL).
• Market conditions: Rents rising fast (+5.5%/yr); 412 active listings in the ZIP; solid renter incomes; 281 units permitted in Flathead County in 2024 (80 in 5+ unit buildings).
• 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 + 5.5% rent growth), your $43k cash investment doubles in ~5 years — after that, you're playing with house money.
• Climate carrying-cost: major wildfire risk — expect insurance premiums to compound above CPI over the hold.
• Cap rate 14.0% vs local median 0.4% in Whitefish — 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.
• This rent runs 42% of the median local income ($75k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Questions for listing agent

• It's been on market 75 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
• Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
• Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
• 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?
• 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.
• 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.
• 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.