16600 25th Ave NE #61 · Marysville, WA 98271

$104,000

2 bd · 1.0 ba · 924 sqft · Manufactured public records · 57 Days on market

Built 1977 $113/sqft · 17% above area Est $89k · 17% over

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +4.4/10.0
• Livability +4.2/5.0
• Rent growth +3.1/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks

55+ Senior Living! This adorable 2 Bedroom/ 2 Bathroom home is on a quiet cul de sac within the park. Large eat-in kitchen is spacious enough to easily fit a dining table with chairs, besides having lots of storage. New flooring throughout kitchen and main room, too! All appliances, including washer and dryer, are staying. Bonus- Seller is also leaving a chest freezer located in the shed! Primary bedroom has its own private bathroom with a double vanity sink, soaking tub, plus separate shower! Fresh paint across all the rooms really brightens this whole sunny home all up! Large seating deck on the carport side, and fantastic second deck for a possible pet area on the other side of this ho

Key facts

• Large eat-in kitchen
• Soaking tub
• New flooring

Tags

• LARGE EAT-IN KITCHEN
• NEW FLOORING
• PRIVATE BATHROOM
• DOUBLE VANITY SINK
• SOAKING TUB
• SEPARATE SHOWER

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $104k.

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 $104k).
• Recommended offer: $101k (3.0% below list) — sets the bar for market timing.
• Cap rate 19.6% vs local median 3.0% in Marysville — 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 (#43 in WA, #768 nationally) — a professional / high-income tenant draw. Strengths: commute A+, employment A+, housing A+; Watch: cost of living F.
• Lakewood School District (suburban): math 41% / reading 55% proficiency, ranked #151 of 291 in WA (top 52%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+2.3%/yr); 213 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals leasing fast (median 0d on market — plan ~1-2 weeks tenant-placement turnaround); 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 $719 of loan paydown is wiped out by about $3k 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 + 2.3% rent growth), your $29k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 57 days — a 3% lower offer ($101k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 13y ago; this cycle's ask has dropped $6k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $23k; list at $104k implies a 352% gain — meaningful room to come down on a strong offer.

Recommended offer $100,880 (3.0% below list)

Questions for the listing agent

1. It's been on market 57 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 1977 — 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. Schools are B-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?
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: 2.18% ✓
• Cap rate: 19.64%
• Cash-on-cash: 47.68%
• DSCR: 3.12
• GRM: 3.8

CMA / ARV

• ARV (median comp): $89,129
• List price: $104,000
• Delta: 16.69%
• Verdict: OVERPRICED
• Comps: 3 within 1.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
16600 25th Ave NE #71	0.00mi	2/2.0	924 (0%)	2mo	$69,000	$75	95
16600 25th Ave NE #18	0.00mi	2/2.0	924 (0%)	8mo	$89,000	$96	90
16600 25th Ave NE #55	0.00mi	2/1.0	924 (0%)	14mo	$85,000	$92	88
16600 25th Ave NE #15	0.00mi	2/1.0	924 (0%)	14mo	$95,000	$103	88
16600 25th Ave NE #109	0.00mi	2/2.0	1,008 (+9%)	0mo	$100,000	$99	80
16600 25th Ave NE #78	0.00mi	2/1.0	924 (0%)	24mo	$73,000	$79	80
16600 25th Ave NE #73	0.00mi	2/1.0	1,056 (+14%)	22mo	$89,000	$84	58

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 · 2.3% rent growth · sell at horizon

5-year hold

• IRR: 44.3%
• Equity multiple: 2.90×
• Total profit: $55,242
• Equity at exit: $15,507

10-year hold

• IRR: 50.0%
• Equity multiple: 5.69×
• Total profit: $136,511
• Equity at exit: $8,992

Cash invested: $29,120 (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 98271

• Rents YoY: 2.3%
• Active inventory: 213
• Price-to-rent: 3.8×

Monthly cashflow live

• Estimated rent: $2,272 high
• Mortgage (P&I): −$545
• Tax from tax record: −$49 /mo · $589/yr
• Insurance: −$43
• HOA: −$0
• Vacancy / Maint / Mgmt: −$477
• Net cashflow: $1,157

Break-even live

Break-even rent $807

Max offer price $104,000

Occupancy floor 44%

Sensitivity live

Price	-10% $1,216	-5% $1,187	+0% $1,157	+5% $1,128	+10% $1,098
Rent	-10% $978	-5% $1,067	+0% $1,157	+5% $1,247	+10% $1,337
Rate	-1.0pp $1,210	-0.5pp $1,184	base $1,157	+0.5pp $1,130	+1.0pp $1,103

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: $26,000
• Closing costs: $3,120
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2100 172nd St NE Marysville, WA	1.0–3.0	1.0–2.0	916	$2,537	$2.77	0d	8	0.41mi
2203 172nd St NE Marysville, WA	1.0–2.0	1.0	631	$1,699	$2.69	0d	6	0.51mi
2002 174th St NE Marysville, WA	1.0–3.0	1.0–2.0	1069	$2,540	$2.37	0d	5	0.52mi
17500 25th Ave NE Marysville, WA	1.0–3.0	1.0–2.0	963	$2,335	$2.42	0d	40	0.60mi
17313 Smokey Point Blvd Arlington, WA	2.0	1.0	800	$1,738	$2.17	0d	2	0.95mi
18111 25th Ave NE Marysville, WA	2.0–3.0	1.5–2.5	1284	$2,225	$1.73	0d	13	0.97mi
17505 38th Dr NE Arlington, WA	3.0	2.0	1050	$2,800	$2.67	10d	1	1.12mi
17309 40th Ave NE Arlington, WA	1.0–2.0	1.0	660	$2,063	$3.12	0d	10	1.13mi
18321 31st Ave NE Arlington, WA	1.0–2.0	1.0	572	$1,900	$3.32	0d	2	1.25mi
18506 Smokey Point Blvd Arlington, WA	1.0–3.0	1.0–2.0	881	$2,036	$2.31	0d	15	1.39mi

Listing history 21 events

1. 2026-06-18
   days on market $104,000 Active 57 DOM
2. 2026-06-17
   days on market $104,000 Active 56 DOM
3. 2026-06-16
   days on market $104,000 Active 55 DOM
4. 2026-06-15
   days on market $104,000 Active 54 DOM
5. 2026-06-13
   days on market $104,000 Active 52 DOM
6. 2026-06-13
   days on market $104,000 Active 51 DOM
7. 2026-06-09
   days on market $104,000 Active 48 DOM
8. 2026-06-08
   days on market $104,000 Active 47 DOM
9. 2026-06-07
   days on market $104,000 Active 46 DOM
10. 2026-06-04
    days on market $104,000 Active 43 DOM
11. 2026-06-03
    days on market $104,000 Active 42 DOM
12. 2026-06-02
    days on market $104,000 Active 41 DOM
13. 2026-06-01
    days on market $104,000 Active 40 DOM
14. 2026-05-31
    days on market $104,000 Active 39 DOM
15. 2026-04-22
    listed $109,950 Active
16. 2017-11-15
    soldstatus $23,000 Sold
17. 2017-10-31
    status Pending
18. 2017-10-24
    listed $27,000 Active
19. 2013-06-26
    soldstatus $15,000 Sold
20. 2013-05-27
    status Pending Inspection
21. 2013-05-15
    listed $15,900 Active

ⓘ 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: $589 · $49/mo
• Projected year-2 tax: $1,019 · $85/mo
• Expected delta: +$430/yr (+$36/mo · 73.1%)

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

Taxation est. · year 1

• Rental income: $27,265
• − Mortgage interest: −$5,826
• − Property taxes: −$589
• − Insurance: −$520
• − Repairs & maintenance: −$2,181
• − Management: −$2,181
• − Depreciation: −$3,025
• Taxable income: $12,943
• Est. tax owed @ 24.0%: −$3,106
• After-tax cash flow: $10,780/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: Lakewood School District
• NCES district ID: 5304260
• Math proficiency: 41% ▼ -4.00%
• Reading proficiency: 55% ▬ 0.00%
• Median HH income: $63,106
• Composite: 44.45/100
• National rank: #6089
• State rank: #151 of 291 in WA

Livability — Marysville

• Score: 84/100
• State rank: #43
• US rank: #768

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Marysville, WA
• County: Snohomish County · 786,756 people
• City population: 85,887
• Metro: Seattle-Tacoma-Bellevue, WA
• Population (ZIP): 30,838
• Household income: $95,654
• Rent vs Own: 28.0% rent · 72.0% own
• Severe rent burden: 929.0

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: Predominantly White (66%)
• Race & ethnicity: White 66% Two or more races 13% Hispanic / Latino 13% Native American 7% Asian 5% Black 1%
• Hispanic origin (detail): Mexican 9%
• Common ancestry: Portuguese 6% Iranian 3% Lithuanian 2%
• Foreign-born: 9% · Canada, China, South Korea
• Languages at home: 86% English-only · Spanish 8% Russian/Polish/Slavic 1% Tagalog/Filipino 1%

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: —

Market trends

• HPI YoY: ▼ -666.16%
• Current HPI: 305.285
• Rent YoY: ▲ 2.30%
• 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

+591.5% since first listed

7 events — show timeline

• 2026-04-22 Listed $109,950 NWMLS as Distributed by MLS Grid
• 2017-11-15 Sold (MLS) $23,000 NWMLS as Distributed by MLS Grid
• 2017-10-31 Pending — NWMLS as Distributed by MLS Grid
• 2017-10-24 Listed $27,000 NWMLS as Distributed by MLS Grid
• 2013-06-26 Sold (MLS) $15,000 NWMLS as Distributed by MLS Grid
• 2013-05-27 Pending — NWMLS as Distributed by MLS Grid
• 2013-05-15 Listed $15,900 NWMLS as Distributed by MLS Grid

Property tax history

+8.9%/yr

Latest (2026): $589 · +0.9% YoY. Source: county tax records.