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1415 84th St SE #46
C+ Composite 64.41
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 +22.5/30.0
  • ARV discount +15.0/15.0
  • 1% rule +7.5/10.0
  • DSCR +7.5/10.0
  • Schools +5.9/10.0
  • Condition / age +3.8/5.0
  • Livability +3.7/5.0
  • Appreciation +2.5/10.0
  • Rent growth +1.7/5.0
  • Manufactured-home adj. -5.6

$70,000

1415 84th St SE #46 · Everett, WA 98208
3 bd · 2.0 ba · 960 sqft · Manufactured public records · 43 Days on market
Manufactured home 55+ age-restricted Built 1972 Good condition 24 ac lot $73/sqft · 27% below area Est $96k · 27% under

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

Listing remarks

Exceptional value in Everett's sought-after Mobile Country Club 55+ community. This move-in ready home offers a bright and welcoming interior with fresh paint, new carpet, an updated kitchen, and a remodeled ¾ bath featuring a new vanity and shower. The functional floor plan provides comfortable everyday living, while the covered carport and storage shed add convenience and extra storage. Enjoy the amenities of this established community, including a clubhouse, pool, recreational activities, beautifully maintained grounds, and wide paved streets. Conveniently located near shopping, dining, medical services, and major commuter routes.

Key facts

  • Clubhouse
  • Covered carport
  • Storage shed

Tags

UPDATED KITCHENREMODELED BATHCOVERED CARPORTSTORAGE SHEDCLUBHOUSEPOOL

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 $70k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $832 ($10k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($2k rent vs $70k).
  • Recommended offer: $68k (3.0% below list) — sets the bar for market timing.
  • Cap rate 20.6% vs local median 2.5% in Everett — 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 73/100 on livability (#199 in WA) — a middle-class / working-renter tenant base. Strengths: commute A+, housing A, health & safety A; Watch: crime D+, amenities F, cost of living F.
  • Everett School District (urban): math 60% / reading 72% proficiency, ranked #26 of 291 in WA (top 9%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
  • Zoned schools: Emerson Elementary School (621 students, 64% FRL); Evergreen Middle School (909 students, 64% FRL); Cascade High School (1,793 students, 53% FRL) — zoned schools average 60% FRL vs 31% district-wide (30 pts higher); higher-poverty schools than district average — tighter screening recommended.
  • Market conditions: Rents falling (-3.2%/yr); 364 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 36d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 3,982 units permitted in Snohomish County in 2024 (1,492 in 5+ unit buildings).

Forward outlook

  • Local home prices are declining (-3.0%/yr); year-one equity from $484 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
  • Snohomish County population projected at +30% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
  • At projected returns (-3.0% appreciation + 0.0% rent growth), your $20k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

  • It's been on market 43 days — a 3% lower offer ($68k) is reasonable based on typical stale-listing flexibility.
Recommended offer $67,900 (3.0% below list)

Questions for the listing agent

  1. It's been on market 43 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
  2. Built in 1972 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  4. 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?
  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
2.33%
Cap rate
20.56%
Cash-on-cash
50.95%
DSCR
3.27
GRM
3.6

CMA / ARV

ARV (median comp)
$96,000
List price
$70,000
Delta
-27.08%
Verdict
UNDERPRICED
Comps
7 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
1415 84th St SE #117 0.00mi 2/2.0 (-1) 1,194 (+24%) 0mo $52,000 $44 70
9920 2nd Ave SE 1.20mi 3/1.0 960 (0%) 0mo $537,000 $559 61
820 Cady Rd Unit F105 1.04mi 2/2.0 (-1) 959 (-0%) 2mo $299,000 $312 58
6807 Commercial Ave 1.23mi 3/1.0 1,010 (+5%) 0mo $422,500 $418 52
128 107th St SE 1.47mi 2/2.0 (-1) 912 (-5%) 2mo $550,000 $603 50
7721 Tyee Rd 0.95mi 3/1.0 1,056 (+10%) 0mo $585,000 $554 44
7701 Hardeson Rd Unit 52C 1.34mi 3/2.0 1,186 (+24%) 0mo $205,000 $173 40
1 E McGill Ave 1.01mi 2/1.0 (-1) 1,058 (+10%) 1mo $471,900 $446 38
747 75th St SE Unit B203 0.91mi 2/1.0 (-1) 865 (-10%) 2mo $200,000 $231 38
8823 Holly Dr Unit H206 0.72mi 2/1.5 (-1) 1,140 (+19%) 0mo $294,000 $258 34
8823 Holly Dr Unit E201 0.72mi 2/1.5 (-1) 1,140 (+19%) 2mo $270,000 $237 33
225 74th St SE 1.11mi 2/1.0 (-1) 759 (-21%) 2mo $423,000 $557 30

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 · 0.0% rent growth · sell at horizon

5-year hold
IRR
45.4%
Equity multiple
2.88×
Total profit
$36,888
Equity at exit
$10,437
10-year hold
IRR
49.9%
Equity multiple
5.18×
Total profit
$81,945
Equity at exit
$6,052

Cash invested: $19,600 (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
6 active · 1 under contract
Months of supply
12.0 mo (8%/mo absorbed)
Median asking
$152,500 ($133/sqft)
Median days on market
76 d
This list price
17% of active listings are priced below it
ARV vs active asking
-24.8% vs current asking $/sqft

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

ZIP-level market 98208

Rents YoY
-3.2%
Active inventory
364
Price-to-rent
3.6×

Monthly cashflow live

Estimated rent
$1,629 high interval (Pro) →
Mortgage (P&I)
$367
Tax from tax record
$58 /mo · $701/yr
Insurance
$29
HOA
$0
Lot rent leased land?
$0
Vacancy / Maint / Mgmt
$342
Net cashflow
$832

Break-even live

Break-even rent $576
Max offer price $70,000
Occupancy floor 44%

Sensitivity live

Price -10% $872 -5% $852 +0% $832 +5% $812 +10% $792
Rent -10% $703 -5% $768 +0% $832 +5% $896 +10% $961
Rate -1.0pp $867 -0.5pp $850 base $832 +0.5pp $814 +1.0pp $796

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
$17,500
Closing costs
$2,100
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 40 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
9009 W Mall Dr Everett, WA 1.0–2.0 1.0–2.0 830 $2,104 $2.53 7d 21 0.23mi
8830 3rd Ave SE Unit 305 Everett, WA 2.0 2.0 918 $2,100 $2.29 7d 1 0.71mi
233 Dorn Ave Unit 1 Everett, WA 2.0 1.0 944 $1,950 $2.07 60d 1 0.74mi
8102 Evergreen Way Everett, WA 1.0–5.0 1.0–2.0 1390 $2,412 $1.73 7d 23 0.75mi
207 Dorn Ave Everett, WA 2.0 1.0 780 $1,695 $2.17 41d 1 0.76mi
207 Dorn Ave Unit 2H Everett, WA 2.0 1.0 780 $1,795 $2.30 64d 1 0.76mi
115 Dorn Ave Everett, WA 2.0 1.0–2.0 946 $1,775 $1.88 27d 1 0.80mi
1031 75th St SE Everett, WA 2.0 1.0 860 $1,695 $1.97 18d 1 0.83mi
1007 75th St SE Everett, WA 2.0 1.5 1059 $1,695 $1.60 48d 1 0.84mi
618 75th St SE Unit 206 Everett, WA 2.0 1.0 833 $1,700 $2.04 73d 1 0.86mi
618 75th St SE Everett, WA 2.0 1.0 833 $1,750 $2.10 73d 1 0.86mi
10101 7th Ave SE Everett, WA 1.0–3.0 1.0–2.0 1073 $2,699 $2.51 7d 9 0.90mi
8920 Evergreen Way Everett, WA 2.0 1.0 567 $2,117 $3.73 18d 10 0.91mi
701 75th St SE Everett, WA 1.0–3.0 1.0 820 $2,025 $2.47 18d 5 0.92mi
747 75th St SE Everett, WA 2.0 1.0 864 $1,722 $1.99 54d 1 0.96mi
7125 Rainier Dr Apt 4 Everett, WA 2.0 1.0 789 $1,695 $2.15 23d 1 0.98mi
120 W Casino Rd Everett, WA 1.0–2.0 1.0–1.5 818 $2,161 $2.64 7d 11 1.00mi
2319 75th St SE Everett, WA 3.0 2.0 1112 $2,745 $2.47 73d 1 1.00mi
1304 Bruskrud Rd Everett, WA 1.0–2.0 1.0–2.0 800 $2,078 $2.60 10d 5 1.03mi
125 W Casino Rd Everett, WA 2.0 1.0 940 $1,749 $1.86 9d 3 1.06mi
120 SE Everett Mall Way Everett, WA 1.0–2.0 1.0–2.0 760 $2,224 $2.93 7d 41 1.13mi
6911 Rainier Dr Unit 11-03 Everett, WA 2.0 1.5 1008 $1,645 $1.63 36d 1 1.13mi
6911 Rainier Dr Unit 11-07 Everett, WA 2.0 1.5 1008 $1,995 $1.98 36d 1 1.13mi
2220 Monroe Ave Everett, WA 3.0 1.0 930 $2,799 $3.01 48d 1 1.15mi
7216 Beverly Ln Unit B Everett, WA 3.0 1.0 1000 $3,600 $3.60 7d 1 1.16mi
222 W Marilyn Ave Everett, WA 3.0 1.0 1000 $2,400 $2.40 66d 1 1.25mi
8710 5th Ave W Everett, WA 2.0 2.0 950 $1,699 $1.79 7d 7 1.28mi
8530 5th Ave W Everett, WA 1.0–2.0 1.0 808 $1,595 $1.97 54d 2 1.28mi
8220 5th Ave W Apt F Everett, WA 2.0 1.0 950 $1,595 $1.68 48d 1 1.29mi
215 100th St SW Everett, WA 2.0 2.0 856 $1,845 $2.16 54d 1 1.32mi
529 Madison St #2 Everett, WA 2.0 1.0 572 $1,600 $2.80 40d 1 1.33mi
507 Madison St Apt A Everett, WA 3.0 2.0 1014 $2,299 $2.27 41d 1 1.35mi
702 W Casino Rd Everett, WA 1.0–2.0 1.0–1.5 850 $1,749 $2.06 29d 14 1.36mi
702 W Casino Rd Everett, WA 1.0–2.0 1.0–1.5 850 $1,729 $2.03 7d 14 1.36mi
9925 4th Ave W Apt 6 Everett, WA 2.0 2.0 1000 $1,445 $1.45 51d 1 1.39mi
2505 Madison St Unit A Everett, WA 3.0 1.0 1040 $2,800 $2.69 73d 1 1.39mi
8605 8th Ave W Everett, WA 2.0 1.0 904 $1,725 $1.91 27d 1 1.40mi
9615 Holly Dr Everett, WA 1.0–2.0 1.0 645 $2,220 $3.44 54d 1 1.41mi
9615 Holly Dr Everett, WA 1.0–2.0 1.0 645 $2,137 $3.31 9d 9 1.41mi
2405 Howard Ave Apt 4 Everett, WA 2.0 1.0 910 $1,845 $2.03 15d 1 1.42mi

Property features AI

Finance

Other
Calculated building area: 960Green features: double pane windows
Financial info
Cash listing terms
HOA & community
Park approved for saleSenior communityEverett Mobile Country Club (213 homes)Park amenities include BBQs, clubhouse, common area, exercise room, laundry, pool, RV parking, saunaLand lease: $831/month

Exterior

Parking
Carport
Utilities
Electric energy sourcePublic water (City of Everett)Public sewer (City of Everett)Power provided by Snohomish PUD
Home design
Manufactured home (Double Wide)One storyFaces westMobile home remains
Construction
Metal/vinyl constructionMetal roofPillar/post/pier foundationBuilt as a manufactured house (model BONPR)
Exterior features
Paved lotPatio/porch/deckLandscaped

Interior

Kitchen
DishwasherStove/RangeRefrigerator
Bedrooms
2 bedrooms
Flooring
Laminate flooring
Bathrooms
1 three-quarter bathroom
Heating & cooling
Forced air heatingNo cooling
Interior features
Updated/remodeled interiorKitchen with eating spaceLiving roomUtility roomDouble pane windows
Laundry & utility
WasherDryerUtility room

Listing history 50 events

  1. 2026-08-08
    days on market $70,000 Active 43 DOM
  2. 2026-08-06
    days on market $70,000 Active 41 DOM
  3. 2026-08-05
    days on market $70,000 Active 40 DOM
  4. 2026-08-04
    days on market $70,000 Active 39 DOM
  5. 2026-08-03
    days on market $70,000 Active 38 DOM
  6. 2026-07-31
    days on market $70,000 Active 35 DOM
  7. 2026-07-30
    days on market $70,000 Active 34 DOM
  8. 2026-07-30
    days on market $70,000 Active 33 DOM
  9. 2026-07-28
    days on market $70,000 Active 32 DOM
  10. 2026-07-26
    days on market $70,000 Active 30 DOM
  11. 2026-07-24
    days on market $70,000 Active 28 DOM
  12. 2026-07-23
    days on market $70,000 Active 27 DOM
  13. 2026-07-22
    days on market $70,000 Active 26 DOM
  14. 2026-07-21
    days on market $70,000 Active 25 DOM
  15. 2026-07-20
    days on market $70,000 Active 24 DOM
  16. 2026-07-18
    days on market $70,000 Active 22 DOM
  17. 2026-07-18
    days on market $70,000 Active 21 DOM
  18. 2026-07-16
    days on market $70,000 Active 20 DOM
  19. 2026-07-15
    days on market $70,000 Active 19 DOM
  20. 2026-07-14
    days on market $70,000 Active 18 DOM
  21. 2026-07-13
    days on market $70,000 Active 17 DOM
  22. 2026-07-13
    days on market $70,000 Active 16 DOM
  23. 2026-07-11
    days on market $70,000 Active 15 DOM
  24. 2026-07-10
    days on market $70,000 Active 14 DOM
  25. 2026-07-09
    days on market $70,000 Active 13 DOM
  26. 2026-07-07
    days on market $70,000 Active 11 DOM
  27. 2026-07-06
    days on market $70,000 Active 10 DOM
  28. 2026-07-06
    days on market $70,000 Active 9 DOM
  29. 2026-07-05
    days on market $70,000 Active 8 DOM
  30. 2026-07-03
    days on market $70,000 Active 7 DOM
  31. 2026-07-02
    days on market $70,000 Active 6 DOM
  32. 2026-07-01
    days on market $70,000 Active 5 DOM
  33. 2026-06-30
    days on market $70,000 Active 4 DOM
  34. 2026-06-29
    days on market $70,000 Active 3 DOM
  35. 2026-06-28
    days on market $70,000 Active 2 DOM
  36. 2026-06-27
    days on marketlisting id $70,000 Active 1 DOM
  37. 2026-06-18
    days on market $70,000 Active 78 DOM
  38. 2026-06-17
    days on market $70,000 Active 77 DOM
  39. 2026-06-16
    days on market $70,000 Active 76 DOM
  40. 2026-06-15
    days on market $70,000 Active 75 DOM
  41. 2026-06-13
    days on market $70,000 Active 73 DOM
  42. 2026-06-13
    days on market $70,000 Active 72 DOM
  43. 2026-06-09
    days on market $70,000 Active 69 DOM
  44. 2026-06-08
    days on market $70,000 Active 68 DOM
  45. 2026-06-07
    remarks 692-char remark
  46. 2026-06-07
    pricedays on market $70,000 Active 67 DOM
  47. 2026-06-04
    days on market $77,950 Active 64 DOM
  48. 2026-06-03
    days on market $77,950 Active 63 DOM
  49. 2026-06-02
    days on market $77,950 Active 62 DOM
  50. 2026-06-01
    days on market $77,950 Active 61 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
$701 · $58/mo
Projected year-2 tax
$701 · $58/mo
Expected delta
$0/yr ($0/mo · 0.0%)

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

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$19,546
− Mortgage interest
−$3,921
− Property taxes
−$701
− Insurance
−$350
− Repairs & maintenance
−$1,564
− Management
−$1,564
− Depreciation
−$2,036
Taxable income
$9,410
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$2,258
After-tax cash flow
$7,727/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 · 4 photos

Good 75/100 Cosmetic rehab Est. rehab $4,800–$14,400 screening

This move-in ready manufactured home in a sought-after community offers a bright and welcoming interior with fresh paint and updated kitchen. The exterior is in good condition, and the property is conveniently located with community amenities.

Value-add opportunities

  • Both Paint exterior siding — Enhances curb appeal and value
  • Both Replace carpet with hardwood or tile — Improves durability and aesthetic
  • Both Update kitchen appliances — Modernizes the space and adds 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 Emerson Elementary School Middle Evergreen Middle School High Cascade High School

Schools (NCES district)

District
Everett School District
NCES district ID
5302670
Math proficiency
60% ▲ 1.00%
Reading proficiency
72% ▲ 1.00%
Median HH income
$66,815
Composite
59.0/100
National rank
#1964
State rank
#26 of 291 in WA
B Composite livability gradescore 73/100

Livability — Everett

Score
73/100
State rank
#199
US rank
#5489

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Everett, WA
County
Snohomish County · 899,800 people
City population
173,457
Metro
Seattle-Tacoma-Bellevue, WA
Population (ZIP)
60,915
Household income
$103,705
Rent vs Own
30.5% rent · 69.5% own
Severe rent burden
20% of renters

Population outlook (Snohomish County) Hauer SSP2

Today (2025)
899,800 people
By 2030
960,975 · +6.8%
By 2040
1,074,447 · +19.4%
By 2050
1,171,954 · +30.2%
By 2075
1,384,849 · +53.9%
By 2100
1,497,296 · +66.4%

Race, ethnicity, and origin ACS 2023

Neighborhood character
Diverse neighborhood (Simpson 0.65)
Race & ethnicity
White 55% Asian 17% Hispanic / Latino 14% Two or more races 13% Black 5%
Hispanic origin (detail)
Mexican 10%
Common ancestry
Portuguese 5% Italian 3% Slovak 2%
Foreign-born
27% · Canada, Vietnam, South Korea
Languages at home
66% English-only · Spanish 9% Vietnamese 4% Other Asian/Pacific 4%

Political lean MEDSL · Snohomish

2024 margin
D (+19.0) · D 57.8% · R 38.9% · Other 3.3%
2008→2024 swing
+0.1pp no change · 2008: 18.9pp · 2024: 19.0pp
All cycles
2024: D+19.0 2020: D+20.6 2016: D+16.6 2012: D+16.2 2008: D+18.9

Not yet ingested

Civics

Price history

1 event — show timeline
  • 2026-06-26 Listed $70,000 NWMLS as Distributed by MLS Grid

Property tax history

+6.6%/yr

Latest (2026): $701 · +0.5% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…