The Dungeness Plan · Carlsborg, WA 98382

$129,000

1 bd · 1.0 ba · 555 sqft · SingleFamily · 134 Days on market

Good condition

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Why this score? — see what drove the F 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).

• ARV discount +7.5/15.0
• Schools +5.3/10.0
• Cash flow +4.7/30.0
• Condition / age +4.0/5.0
• Livability +3.0/5.0
• Rent growth +2.5/5.0
• 1% rule +0.6/10.0
• DSCR +0.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Small quality built home with big home style, features and efficiency boasts extra large windows with transoms allowing natural light to bathe and brighten the entire home; large living room open to beautiful well equipped big home kitchen with full size cabinets, fixtures and appliances; king size bedroom and bath with large walk-in shower.

Key facts

• Large living room
• Extra large windows
• King size bedroom

Tags

• EXTRA LARGE WINDOWS
• LARGE LIVING ROOM
• WELL EQUIPPED KITCHEN
• KING SIZE BEDROOM
• LARGE WALK-IN SHOWER

🏗️ New construction. The $129,000 list price is a builder figure, so every metric below is computed on the value from comparable previous sales — $276,224.

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $129k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-687 ($-8k/yr) — negative.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $129k).
• Recommended offer: $114k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 59/100 on livability (#493 in WA) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: employment D, health & safety D, crime D-.
• Sequim School District (town): math 55% / reading 66% proficiency, ranked #64 of 291 in WA (top 22%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Greywolf Elementary School (524 students, 50% FRL); Sequim Middle School (568 students, 52% FRL); Sequim Senior High (794 students, 50% FRL).
• Market conditions: 773 active listings in the ZIP; 166 units permitted in Clallam County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• Clallam County population projected at +5% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 134 days — a 12% lower offer ($114k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: property tax is 3.2% of price.

Recommended offer $113,520 (12.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 134 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
9. 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.
10. 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.
11. 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: 0.56% ✗
• Cap rate: 3.31%
• Cash-on-cash: -10.66%
• DSCR: 0.53
• GRM: 14.9

CMA / ARV

• ARV (median comp): $276,224
• List price: $129,000
• Delta: -53.30%
• Verdict: UNDERPRICED
• Comps: 1 within 2.0 mi

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
491 Mill Rd #12	0.46mi	1/1.0	528 (-5%)	10mo	$22,950	$43	62
491 Mill Rd #12 Rd	0.46mi	1/1.0	528 (-5%)	10mo	$22,950	$43	62
491 Mill Rd #44	0.46mi	2/1.0 (+1)	552 (-0%)	37mo	$49,000	$89	53
491 Mill Rd #33	0.46mi	2/1.0 (+1)	696 (+25%)	4mo	$38,000	$55	45
440 Dungeness Mdws	1.97mi	1/1.0	555 (0%)	46mo	$230,000	$414	45
325 Dungeness Mdws	1.81mi	1/1.0	560 (+1%)	58mo	$250,000	$446	44
491 Mill Rd #22	0.46mi	2/1.0 (+1)	717 (+29%)	18mo	$36,000	$50	34
377 Dungeness Mdws	1.91mi	1/1.0	710 (+28%)	33mo	$279,000	$393	20
81 Lazy Ln	1.34mi	1/1.0	713 (+28%)	59mo	$250,000	$351	20

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -35.6%
• Equity multiple: -0.14×
• Total profit: $-88,481
• Equity at exit: $41,186

10-year hold

• IRR: -48.0%
• Equity multiple: -0.72×
• Total profit: $-133,280
• Equity at exit: $23,883

Cash invested: $77,343 (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 98382

• Active inventory: 773
• Price-to-rent: 6.9×

Monthly cashflow live

• Estimated rent: $1,547 medium
• Mortgage (P&I): −$1,449
• Tax est. 1.5%: −$345 /mo · $4,143/yr
• Insurance: −$115
• HOA: −$0
• Vacancy / Maint / Mgmt: −$325
• Net cashflow: $-687

Break-even live

Break-even rent $2,416

Max offer price $176,840

Occupancy floor —

Sensitivity live

Price	-10% $-496	-5% $-591	+0% $-687	+5% $-782	+10% $-878
Rent	-10% $-809	-5% $-748	+0% $-687	+5% $-626	+10% $-565
Rate	-1.0pp $-548	-0.5pp $-617	base $-687	+0.5pp $-758	+1.0pp $-831

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: $69,056
• Closing costs: $8,287
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Listing history 50 events

1. 2026-08-08
   days on market $129,000 Active 134 DOM
2. 2026-08-07
   days on market $129,000 Active 133 DOM
3. 2026-08-06
   days on market $129,000 Active 132 DOM
4. 2026-08-05
   days on market $129,000 Active 131 DOM
5. 2026-08-04
   days on market $129,000 Active 130 DOM
6. 2026-08-03
   days on market $129,000 Active 129 DOM
7. 2026-07-31
   days on market $129,000 Active 126 DOM
8. 2026-07-30
   days on market $129,000 Active 125 DOM
9. 2026-07-29
   days on market $129,000 Active 124 DOM
10. 2026-07-27
    days on market $129,000 Active 122 DOM
11. 2026-07-25
    days on market $129,000 Active 120 DOM
12. 2026-07-24
    days on market $129,000 Active 119 DOM
13. 2026-07-23
    days on market $129,000 Active 118 DOM
14. 2026-07-22
    days on market $129,000 Active 117 DOM
15. 2026-07-21
    days on market $129,000 Active 116 DOM
16. 2026-07-18
    days on market $129,000 Active 113 DOM
17. 2026-07-17
    days on market $129,000 Active 111 DOM
18. 2026-07-15
    days on market $129,000 Active 110 DOM
19. 2026-07-14
    days on market $129,000 Active 109 DOM
20. 2026-07-13
    days on market $129,000 Active 108 DOM
21. 2026-07-12
    days on market $129,000 Active 107 DOM
22. 2026-07-11
    days on market $129,000 Active 106 DOM
23. 2026-07-11
    days on market $129,000 Active 105 DOM
24. 2026-07-09
    days on market $129,000 Active 104 DOM
25. 2026-07-08
    days on market $129,000 Active 103 DOM
26. 2026-07-07
    days on market $129,000 Active 102 DOM
27. 2026-07-06
    days on market $129,000 Active 101 DOM
28. 2026-07-05
    days on market $129,000 Active 100 DOM
29. 2026-07-04
    days on market $129,000 Active 99 DOM
30. 2026-07-03
    days on market $129,000 Active 98 DOM
31. 2026-07-02
    days on market $129,000 Active 97 DOM
32. 2026-07-01
    days on market $129,000 Active 96 DOM
33. 2026-06-30
    days on market $129,000 Active 95 DOM
34. 2026-06-29
    days on market $129,000 Active 94 DOM
35. 2026-06-28
    days on market $129,000 Active 93 DOM
36. 2026-06-27
    days on market $129,000 Active 92 DOM
37. 2026-06-26
    days on market $129,000 Active 90 DOM
38. 2026-06-22
    days on market $129,000 Active 87 DOM
39. 2026-06-19
    days on market $129,000 Active 84 DOM
40. 2026-06-18
    days on market $129,000 Active 83 DOM
41. 2026-06-17
    days on market $129,000 Active 82 DOM
42. 2026-06-16
    days on market $129,000 Active 81 DOM
43. 2026-06-15
    days on market $129,000 Active 80 DOM
44. 2026-06-14
    days on market $129,000 Active 78 DOM
45. 2026-06-12
    days on market $129,000 Active 77 DOM
46. 2026-06-09
    days on market $129,000 Active 74 DOM
47. 2026-06-08
    days on market $129,000 Active 73 DOM
48. 2026-06-07
    days on market $129,000 Active 72 DOM
49. 2026-06-05
    days on market $129,000 Active 69 DOM
50. 2026-06-03
    days on market $129,000 Active 68 DOM

ⓘ 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 1/10 Low FEMA zone X · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥83°F today · 18 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

Taxation est. · year 1

• Rental income: $18,564
• − Mortgage interest: −$15,473
• − Property taxes: −$4,143
• − Insurance: −$1,381
• − Repairs & maintenance: −$1,485
• − Management: −$1,485
• − Depreciation: −$8,036
• Taxable loss: −$13,440
• Est. tax savings @ 24.0%: +$3,225
• After-tax cash flow: $-5,016/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

Good 80/100 None rehab

This modern single-family home is in excellent condition with a good condition score of 80. It features a well-equipped kitchen, modern bathrooms, and a well-maintained exterior. The home is move-in ready and would benefit from minor updates to enhance its curb appeal and modernize it.

Value-add opportunities

• Both Painting exterior and interior walls — Enhances curb appeal and interior aesthetics ↑
• Both Landscaping improvements — Enhances curb appeal and adds value ↑
• Both Add smart home features — Improves convenience and adds modern appeal ↑

Zoned Schools

Elementary Greywolf Elementary School Middle Sequim Middle School High Sequim Senior High

Schools (NCES district)

• District: Sequim School District
• NCES district ID: 5307830
• Math proficiency: 55% ▼ -1.00%
• Reading proficiency: 66% ▲ 1.00%
• Median HH income: $46,969
• Composite: 52.77/100
• National rank: #3312
• State rank: #64 of 291 in WA

D Composite livability gradescore 59/100

Livability — Carlsborg

• Score: 59/100
• State rank: #493
• US rank: #20503

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Carlsborg, WA
• County: Clallam County · 76,817 people
• Metro: Port Angeles, WA
• Population (ZIP): 31,052
• Household income: $74,189
• Rent vs Own: 18.9% rent · 81.1% own
• Severe rent burden: 16% of renters

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Population outlook (Clallam County) Hauer SSP2

• Today (2025): 76,817 people
• By 2030: 78,177 · +1.8%
• By 2040: 79,795 · +3.9%
• By 2050: 80,890 · +5.3%
• By 2075: 83,933 · +9.3%
• By 2100: 82,141 · +6.9%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (85%)
• Race & ethnicity: White 85% Two or more races 7% Hispanic / Latino 4% Asian 2%
• Common ancestry: Portuguese 5% Slovak 5% Italian 4%
• Foreign-born: 6% · Canada
• Languages at home: 95% English-only · Spanish 2% German/W. Germanic 1% Other Indo-European 1%

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Political lean MEDSL · Clallam

• 2024 margin: Lean D (+7.9) · D 52.6% · R 44.7% · Other 2.7%
• 2008→2024 swing: +4.6pp toward D · 2008: 3.3pp · 2024: 7.9pp
• All cycles: 2024: D+7.9 2020: D+3.4 2016: R+1.6 2012: D+0.4 2008: D+3.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -225.89%
• Current HPI: 181.4372
• Rent YoY: —
• Metro: Port Angeles, WA
• State GDP YoY: ▲ 4.65%
• F500 in state: 22

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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

1 event — show timeline

• 2026-03-27 Listed $129,000 Zillow