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1841 Trosper Rd SW #60
B+ Composite 76.04
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
  • ARV discount +15.0/15.0
  • 1% rule +10.0/10.0
  • DSCR +10.0/10.0
  • Schools +5.6/10.0
  • Livability +4.2/5.0
  • Rent growth +3.1/5.0
  • Appreciation +2.5/10.0
  • Condition / age +2.2/5.0
  • Manufactured-home adj. -6.6

$55,000

1841 Trosper Rd SW #60 · Tumwater, WA 98512
2 bd · 2.0 ba · 1,171 sqft · Manufactured public records · 36 Days on market
Manufactured home Built 1974 Fair condition $47/sqft · 48% below area Est $107k · 48% under

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

Listing remarks

Discover the perfect blend of comfort and convenience in this charming mobile home, nestled within a friendly park community. This two-bedroom, two-bath residence boasts a sloped entry, ensuring ease of access. The home features a carport with space for two cars, complemented by additional storage and a finished room next to the carport for extra space. Inside, a spacious kitchen and dining room await, alongside a pantry for ample storage. The cozy living room, adorned with metal shades, leads to an additional finished room with outdoor access. The master bedroom offers a walk-in closet and shower, while the second bedroom provides generous space.

Key facts

  • Pantry
  • Cozy living room
  • Finished room

Tags

SLOPED ENTRYCARPORTFINISHED ROOMSPACIOUS KITCHENPANTRYCOZY LIVING ROOM

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 2-bed/2.0-bath manufactured listed at $55k. Condition is rated fair.

Deal economics

  • At list price, monthly cash flow is $948 ($11k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($2k rent vs $55k).
  • Recommended offer: $53k (3.0% below list) — sets the bar for market timing.
  • Cap rate 27.0% vs local median 2.8% in Tumwater — 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 84/100 on livability (#39 in WA, #700 nationally) — a professional / high-income tenant draw. Strengths: commute A+, housing A+, health & safety A+; Watch: amenities D, cost of living D-.
  • Tumwater School District (urban): math 57% / reading 69% proficiency, ranked #37 of 291 in WA (top 13%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
  • Zoned schools: Michael T Simmons Elementary (479 students, 40% FRL); Tumwater Middle School (616 students, 32% FRL); A G West Black Hills High School (833 students, 32% FRL).
  • Market conditions: Rents rising (+2.3%/yr); 320 active listings in the ZIP; 24 comparable units currently listed for rent nearby; rentals lingering (median 70d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 1,222 units permitted in Thurston County in 2024 (508 in 5+ unit buildings).

Forward outlook

  • Local home prices are declining (-3.0%/yr); year-one equity from $380 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
  • Thurston County population projected at +27% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
  • At projected returns (-3.0% appreciation + 2.3% rent growth), your $15k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

  • It's been on market 36 days — a 3% lower offer ($53k) is reasonable based on typical stale-listing flexibility.
  • 2 sale attempts since 22y 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.
  • Current owner paid $29k; list at $55k implies a 90% gain — meaningful room to come down on a strong offer.
Recommended offer $53,350 (3.0% below list)

Questions for the listing agent

  1. It's been on market 36 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
  2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
  3. Built in 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  5. 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?
  6. 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.
  7. 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.
  8. 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
2.96%
Cap rate
26.98%
Cash-on-cash
73.88%
DSCR
4.29
GRM
2.8

CMA / ARV

ARV (median comp)
$106,683
List price
$55,000
Delta
-48.45%
Verdict
UNDERPRICED
Comps
12 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
1841 Trosper Rd SW #32 0.00mi 2/2.0 1,152 (-2%) 0mo $49,000 $43 97
1841 Trosper Rd SW #38 0.16mi 2/2.0 1,152 (-2%) 15mo $37,000 $32 78
930 Trosper Rd #135 0.20mi 2/2.0 1,188 (+2%) 13mo $132,000 $111 77
5081 E Gray Sea Eagle Ln SW 0.28mi 2/2.0 1,176 (+0%) 15mo $100,000 $85 74
930 Trosper Rd SW #78 0.22mi 3/2.0 (+1) 1,120 (-4%) 5mo $85,000 $76 74
930 Trosper Rd SW #64 0.25mi 3/2.0 (+1) 1,248 (+7%) 3mo $61,000 $49 70
5705 Littlerock Rd SW #41 0.35mi 3/2.0 (+1) 1,136 (-3%) 5mo $85,000 $75 70
5705 SW Littlerock Rd #16 0.28mi 3/2.0 (+1) 1,100 (-6%) 3mo $80,000 $73 70
5119 Golden Eagle Ln SW 0.31mi 3/2.0 (+1) 1,232 (+5%) 7mo $196,000 $159 66
5088 W Gray Sea Eagle Ln SW 0.33mi 2/2.0 1,344 (+15%) 0mo $186,000 $138 60
930 Trosper Rd SW #34 0.29mi 2/2.0 1,040 (-11%) 13mo $45,400 $44 57
5354 Golden Eagle Ln SW 0.23mi 2/2.0 1,344 (+15%) 11mo $220,000 $164 56

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 · 2.26% rent growth · sell at horizon

5-year hold
IRR
72.9%
Equity multiple
4.26×
Total profit
$50,273
Equity at exit
$8,201
10-year hold
IRR
76.5%
Equity multiple
8.58×
Total profit
$116,668
Equity at exit
$4,755

Cash invested: $15,400 (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.
Balanced market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
7 active · 5 under contract
Months of supply
4.7 mo (21%/mo absorbed)
Median asking
$99,000 ($94/sqft)
Median days on market
110 d
This list price
lowest-priced of the active set
ARV vs active asking
-2.8% vs current asking $/sqft

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

ZIP-level market 98512

Rents YoY
2.3%
Active inventory
320
Price-to-rent
2.8×

Monthly cashflow live

Estimated rent
$1,629 high interval (Pro) →
Mortgage (P&I)
$288
Tax from tax record
$27 /mo · $327/yr
Insurance
$23
HOA
$0
Lot rent leased land?
$0
Vacancy / Maint / Mgmt
$342
Net cashflow
$948

Break-even live

Break-even rent $429
Max offer price $55,000
Occupancy floor 37%

Sensitivity live

Price -10% $979 -5% $964 +0% $948 +5% $933 +10% $917
Rent -10% $820 -5% $884 +0% $948 +5% $1,013 +10% $1,077
Rate -1.0pp $976 -0.5pp $962 base $948 +0.5pp $934 +1.0pp $919

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
$13,750
Closing costs
$1,650
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 24 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
1978 Trosper Rd SW Tumwater, WA 1.0–3.0 1.0–2.0 1106 $2,246 $2.03 62d 4 0.04mi
1978 Trosper Rd SW Tumwater, WA 1.0–3.0 1.0–2.0 1050 $2,428 $2.31 93d 3 0.04mi
1619 Trosper Rd SW Tumwater, WA 3.0 2.5 1295 $2,495 $1.93 70d 1 0.16mi
4822 Rural Rd SW Tumwater, WA 2.0 2.0 1025 $1,995 $1.95 70d 1 0.33mi
1500 Lake Park Dr SW #29 Tumwater, WA 2.0 1.5 1428 $1,850 $1.30 70d 1 0.47mi
1517 Bishop Rd SW Tumwater, WA 2.0 1.0–2.0 669 $1,930 $2.88 62d 1 0.74mi
301 T St SW Tumwater, WA 2.0 1.0 589 $1,635 $2.78 62d 5 0.79mi
215 Pinehurst Dr SW Tumwater, WA 2.0 1.0–2.5 759 $1,950 $2.57 62d 4 0.84mi
6705 Linderson Way SW Tumwater, WA 1.0–3.0 1.0–2.0 900 $2,038 $2.26 62d 6 0.87mi
6805 Littlerock Rd SW Tumwater, WA 2.0 1.0 1000 $1,495 $1.50 93d 1 0.92mi
214 65th Way SW Tumwater, WA 2.0 1.0 1000 $1,850 $1.85 70d 1 1.00mi
811 S 3rd Ave SW Unit B Tumwater, WA 3.0 2.0 1336 $2,300 $1.72 93d 1 1.04mi
829 Israel Rd SW Apt B6 Tumwater, WA 2.0 1.0 850 $1,395 $1.64 93d 1 1.11mi
829 Israel Rd SW Apt A4 Tumwater, WA 2.0 1.0 850 $1,395 $1.64 62d 1 1.11mi
6504 Capitol Blvd SE Tumwater, WA 1.0 1.0 974 $2,125 $2.18 62d 1 1.11mi
151 Cherry Ln SE Tumwater, WA 3.0 1.0 874 $2,195 $2.51 70d 1 1.14mi
220 Israel Rd SW Unit G8 Tumwater, WA 2.0 1.5 968 $1,975 $2.04 93d 1 1.16mi
801 Israel Rd SW Tumwater, WA 2.0 1.5 965 $1,860 $1.93 62d 2 1.16mi
1704 Barnes Blvd SW Tumwater, WA 1.0–3.0 1.0–2.5 920 $2,004 $2.18 62d 35 1.21mi
1992 Ridgeview Loop SW Unit 204 Tumwater, WA 2.0 1.0 804 $1,700 $2.11 70d 1 1.27mi
1255 Bay Loop SW Tumwater, WA 2.0 1.0 975 $2,400 $2.46 93d 1 1.39mi
2820 Tuscany Ln SW Unit 714 Tumwater, WA 2.0 2.0 1030 $1,725 $1.67 70d 1 1.43mi
2820 Tuscany Ln SW Tumwater, WA 1.0–2.0 1.0–2.0 915 $1,775 $1.94 62d 8 1.43mi
2820 Tuscany Ln SW Unit 411 Tumwater, WA 2.0 1.0 915 $1,635 $1.79 93d 1 1.43mi

Property features AI

Finance

Other
Bus line nearbyDirections: West on Trosper Rd. Left into Western Plaza. Turn right on 1st street. Home is on the left, #60.
Financial info
Listing terms: Cash
HOA & community
Located in Western Plaza manufactured home park (approximately 62 homes)Park clubhouseSenior community / senior exemption appliesPets allowed — see remarksLand lease payment (listed separately)

Exterior

Parking
Carport
Utilities
Electric energy sourcePublic water (City of Tumwater)Public sewer (City of Tumwater)Power by Puget Sound EnergyCable: ComcastInternet: Comcast/Xfinity
Home design
Manufactured double-wide home (Model: Sierra)One levelManufactured after 6/15/1976Mobile home remainsFair condition
Construction
Metal roofMetal/vinyl construction materialsPillar/post/pier foundation with tie downs
Exterior features
Patio / Porch / DeckLandscapedMetal/vinyl exteriorAluminum skirtStorage next to carportCurbs, paved streets, sidewalks

Interior

Kitchen
DishwasherStove / RangeRefrigeratorKitchen with eating space
Bedrooms
2 bedrooms
Flooring
Carpet
Bathrooms
2 full bathrooms (1 bathtub, 1 shower)
Heating & cooling
Forced air heatingHeat pumpForced air coolingDouble pane windows (energy efficient)
Interior features
Water heaterCeiling fan(s)DrapesWalk-in closetBath off primaryExtra finished room / family room / living & dining areas
Laundry & utility
WasherDryerWater heater located on outside wall

Listing history 50 events

  1. 2026-08-08
    days on market $55,000 Active 36 DOM
  2. 2026-08-07
    days on market $55,000 Active 35 DOM
  3. 2026-08-06
    days on market $55,000 Active 34 DOM
  4. 2026-08-05
    days on market $55,000 Active 33 DOM
  5. 2026-08-04
    days on market $55,000 Active 32 DOM
  6. 2026-08-03
    days on market $55,000 Active 31 DOM
  7. 2026-07-31
    days on market $55,000 Active 28 DOM
  8. 2026-07-30
    days on market $55,000 Active 27 DOM
  9. 2026-07-29
    days on market $55,000 Active 26 DOM
  10. 2026-07-27
    days on market $55,000 Active 24 DOM
  11. 2026-07-25
    days on market $55,000 Active 22 DOM
  12. 2026-07-24
    days on market $55,000 Active 21 DOM
  13. 2026-07-23
    days on market $55,000 Active 20 DOM
  14. 2026-07-22
    days on market $55,000 Active 19 DOM
  15. 2026-07-21
    days on market $55,000 Active 18 DOM
  16. 2026-07-18
    days on market $55,000 Active 15 DOM
  17. 2026-07-16
    days on market $55,000 Active 13 DOM
  18. 2026-07-16
    days on market $55,000 Active 12 DOM
  19. 2026-07-14
    days on market $55,000 Active 11 DOM
  20. 2026-07-13
    days on market $55,000 Active 10 DOM
  21. 2026-07-12
    days on market $55,000 Active 9 DOM
  22. 2026-07-11
    days on market $55,000 Active 8 DOM
  23. 2026-07-10
    days on market $55,000 Active 7 DOM
  24. 2026-07-09
    days on market $55,000 Active 6 DOM
  25. 2026-07-08
    days on market $55,000 Active 5 DOM
  26. 2026-07-07
    days on market $55,000 Active 4 DOM
  27. 2026-07-06
    days on market $55,000 Active 3 DOM
  28. 2026-07-05
    days on market $55,000 Active 2 DOM
  29. 2026-07-04
    days on marketlisting id $55,000 Active 1 DOM
  30. 2026-06-30
    days on market $55,000 Active 220 DOM
  31. 2026-06-29
    days on market $55,000 Active 219 DOM
  32. 2026-06-28
    days on market $55,000 Active 218 DOM
  33. 2026-06-28
    days on market $55,000 Active 217 DOM
  34. 2026-06-27
    days on market $55,000 Active 216 DOM
  35. 2026-06-25
    days on market $55,000 Active 214 DOM
  36. 2026-06-23
    days on market $55,000 Active 212 DOM
  37. 2026-06-21
    days on market $55,000 Active 211 DOM
  38. 2026-06-18
    days on market $55,000 Active 208 DOM
  39. 2026-06-17
    days on market $55,000 Active 207 DOM
  40. 2026-06-16
    days on market $55,000 Active 206 DOM
  41. 2026-06-15
    days on market $55,000 Active 205 DOM
  42. 2026-06-14
    days on market $55,000 Active 203 DOM
  43. 2026-06-13
    days on market $55,000 Active 202 DOM
  44. 2026-06-10
    days on market $55,000 Active 200 DOM
  45. 2026-06-09
    days on market $55,000 Active 199 DOM
  46. 2026-06-08
    days on market $55,000 Active 198 DOM
  47. 2026-06-07
    days on market $55,000 Active 197 DOM
  48. 2026-06-05
    pricedays on market $55,000 Active 194 DOM
  49. 2026-06-02
    days on market $69,000 Active 192 DOM
  50. 2026-06-01
    days on market $69,000 Active 191 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
$327 · $27/mo
Projected year-2 tax
$539 · $45/mo
Expected delta
+$212/yr (+$18/mo · 64.8%)

ⓘ 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 ≥88°F today · 14 d/yr by 30 yrs out
  • 💨 Wind 1/10 Low
  • 🫁 Air quality 6/10 Major 7 unhealthy d/yr today · 8 by 30 yrs out

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$19,546
− Mortgage interest
−$3,081
− Property taxes
−$327
− Insurance
−$275
− Repairs & maintenance
−$1,564
− Management
−$1,564
− Depreciation
−$1,600
Taxable income
$11,136
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$2,673
After-tax cash flow
$8,706/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 · 9 photos

Fair 45/100 Moderate rehab Est. rehab $29,275–$52,695 screening

This mobile home requires moderate repairs and updates to its exterior and interior, which could significantly increase its resale and rental value.

Components & finishes AI

Roof metal · good

Repairs flagged

  • Moderate Exterior siding — Weathered and may need repainting.
  • Moderate Flooring — Worn and may need replacement.
  • Moderate Interior walls/paint — Signs of wear and may need repainting.
  • Minor Windows — May need cleaning or replacement for better appearance.

Value-add opportunities

  • Both Painting and updating the interior and exterior — Enhances curb appeal and interior aesthetics.
  • Both Upgrading the kitchen and bathroom fixtures — Improves functionality and aesthetics, attracting more buyers/renters.
  • Both Landscaping and curb appeal improvements — Enhances the home's overall appearance and attracts more potential buyers/renters.

ⓘ Rehab cost is a screening estimate — Moderate 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 Michael T Simmons Elementary Middle Tumwater Middle School High A G West Black Hills High School

Schools (NCES district)

District
Tumwater School District
NCES district ID
5309100
Math proficiency
57% ▬ 0.00%
Reading proficiency
69% ▼ -1.00%
Median HH income
$64,209
Composite
56.38/100
National rank
#2477
State rank
#37 of 291 in WA
A Composite livability gradescore 84/100

Livability — Tumwater

Score
84/100
State rank
#39
US rank
#700

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Tumwater, WA
County
Thurston County · 308,239 people
City population
46,937
Metro
Olympia-Lacey-Tumwater, WA
Population (ZIP)
31,864
Household income
$101,530
Rent vs Own
27.6% rent · 72.4% own
Severe rent burden
7% of renters

Population outlook (Thurston County) Hauer SSP2

Today (2025)
308,239 people
By 2030
326,483 · +5.9%
By 2040
359,890 · +16.8%
By 2050
391,800 · +27.1%
By 2075
468,024 · +51.8%
By 2100
519,890 · +68.7%

Race, ethnicity, and origin ACS 2023

Neighborhood character
Predominantly White (72%)
Race & ethnicity
White 72% Two or more races 13% Hispanic / Latino 9% Asian 4% Black 3% Native American 1%
Hispanic origin (detail)
Mexican 5%
Common ancestry
Portuguese 4% Italian 4% Slovak 4%
Foreign-born
6% · Canada, Vietnam, China
Languages at home
92% English-only · Spanish 3% Vietnamese 1% German/W. Germanic 1%

Political lean MEDSL · Thurston

2024 margin
Strong D (+20.4) · D 58.5% · R 38.1% · Other 3.5%
2008→2024 swing
-1.3pp toward R · 2008: 21.7pp · 2024: 20.4pp
All cycles
2024: D+20.4 2020: D+18.6 2016: D+15.4 2012: D+19.0 2008: D+21.7

Not yet ingested

Civics

Price history

+83.9% since first listed
3 events — show timeline
  • 2026-07-03 Listed $55,000 NWMLS as Distributed by MLS Grid
  • 2004-09-21 Sold (MLS) $29,000 NWMLS as Distributed by MLS Grid
  • 2004-08-06 Listed $29,900 NWMLS as Distributed by MLS Grid

Property tax history

+4.7%/yr

Latest (2016): $327 · +9.7% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…