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7427 154th St E #14
B Composite 74.05
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 +11.7/15.0
  • DSCR +10.0/10.0
  • 1% rule +9.9/10.0
  • Schools +5.4/10.0
  • Livability +4.0/5.0
  • Condition / age +3.8/5.0
  • Rent growth +3.2/5.0
  • Appreciation +2.5/10.0
  • Manufactured-home adj. -6.4

$145,000

7427 154th St E #14 · South Hill, WA 98375
3 bd · 2.0 ba · 1,344 sqft · Manufactured public records · 72 Days on market
Manufactured home Built 1982 Good condition $108/sqft · 9% below area Est $160k · 9% under

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

Listing remarks

Enjoy easy living in this beautifully maintained, pre-inspected single-level home nestled in a desirable all-ages park, offering the perfect blend of comfort, flexibility, and convenience. Inside, you’ll find a bright and spacious open floor plan featuring 3 bedrooms, 2 baths, updated flooring throughout, and a good-sized kitchen with updated finishes. A new deck and oversized front door make the home especially welcoming with ramp-friendly access for added ease. This home also has 3 separate entrances. Outside, enjoy a large landscaped and fully fenced yard — perfect for outdoor living, entertaining, and pets, with both cats and dogs welcome.

Key facts

  • Good-sized kitchen
  • Pre-inspected home
  • Single-level home

Tags

PRE-INSPECTED HOMESINGLE-LEVEL HOMEUPDATED FLOORINGGOOD-SIZED KITCHENNEW DECKOVERSIZED FRONT DOOR

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 $145k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $815 ($10k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($2k rent vs $145k).
  • Recommended offer: $136k (6.0% below list) — sets the bar for market timing.
  • Cap rate 13.0% vs local median 3.0% in South Hill — 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 80/100 on livability (#84 in WA, #1,620 nationally) — a professional / high-income tenant draw. Strengths: employment A+, housing A+, health & safety A+; Watch: crime C-, cost of living F.
  • Puyallup School District (suburban): math 53% / reading 66% proficiency, ranked #52 of 291 in WA (top 18%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
  • Zoned schools: Dessie F Evans Elementary (988 students, 42% FRL); Doris Stahl Junior High (902 students, 48% FRL); Gov John Rogers High School (1,730 students, 42% FRL) — zoned schools average 44% FRL vs 27% district-wide (17 pts higher); higher-poverty schools than district average — tighter screening recommended.
  • Market conditions: Rents rising (+2.8%/yr); 353 active listings in the ZIP; 26 comparable units currently listed for rent nearby; rentals at typical pace (median 29d on market — plan ~3-4 weeks tenant-placement turnaround); 46% of comp listings sitting > 30 days — soft ceiling on asking rent; high-income renter base; 3,209 units permitted in Pierce County in 2024 (1,269 in 5+ unit buildings).

Forward outlook

  • Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
  • Pierce County population projected at +26% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
  • At projected returns (-3.0% appreciation + 2.8% rent growth), your $41k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

  • It's been on market 72 days — a 6% lower offer ($136k) is reasonable based on typical stale-listing flexibility.
  • 5 sale attempts since 4y 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 $54k; list at $145k implies a 171% gain — meaningful room to come down on a strong offer.
Recommended offer $136,300 (6.0% below list)

Questions for the listing agent

  1. It's been on market 72 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
  2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  4. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
  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
1.49%
Cap rate
13.04%
Cash-on-cash
24.09%
DSCR
2.07
GRM
5.6

CMA / ARV

ARV (median comp)
$160,000
List price
$145,000
Delta
-9.38%
Verdict
FAIR
Comps
9 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
7610 159th St E #150 0.38mi 3/2.0 1,296 (-4%) 1mo $160,000 $123 76
7309 155th St E #2 0.15mi 3/2.0 1,456 (+8%) 4mo $75,000 $52 76
15807 78th Avenue Ct E 0.36mi 3/2.0 1,296 (-4%) 12mo $425,000 $328 67
7620 157th Street Ct E #94 0.27mi 3/2.0 1,506 (+12%) 2mo $124,000 $82 66
7618 157th Street Ct E #93 0.26mi 3/2.0 1,512 (+12%) 2mo $160,000 $106 65
7706 158th Ct Ct E #132 0.32mi 3/2.0 1,294 (-4%) 17mo $136,000 $105 65
15605 79th Ave E 0.29mi 3/2.0 1,200 (-11%) 8mo $350,000 $292 62
7715 156th Street Ct E 0.20mi 3/2.0 1,512 (+12%) 12mo $50,000 $33 59
15801 85th Ave E 0.67mi 3/2.0 1,280 (-5%) 2mo $449,500 $351 59
15801 81st Ave Ct E #71 0.48mi 2/2.0 (-1) 1,432 (+6%) 18mo $305,000 $213 47
15807 85th Ave E 0.68mi 3/2.0 1,512 (+12%) 17mo $455,500 $301 33
15919 84th Ave E 0.68mi 3/2.0 1,508 (+12%) 18mo $460,000 $305 33

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 · 2.79% rent growth · sell at horizon

5-year hold
IRR
17.1%
Equity multiple
1.69×
Total profit
$27,929
Equity at exit
$21,620
10-year hold
IRR
25.4%
Equity multiple
3.20×
Total profit
$89,168
Equity at exit
$12,537

Cash invested: $40,600 (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.
Seller's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
2 active · 4 under contract
Months of supply
1.7 mo (58%/mo absorbed)
Median asking
$440,000 ($373/sqft)
Median days on market
376 d
This list price
50% of active listings are priced below it
ARV vs active asking
-68.1% vs current asking $/sqft

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

ZIP-level market 98375

Rents YoY
2.8%
Active inventory
353
Price-to-rent
5.6×

Monthly cashflow live

Estimated rent
$2,163 high interval (Pro) →
Mortgage (P&I)
$760
Tax from tax record
$73 /mo · $878/yr
Insurance
$60
HOA
$0
Lot rent leased land?
$0
Vacancy / Maint / Mgmt
$454
Net cashflow
$815

Break-even live

Break-even rent $1,132
Max offer price $145,000
Occupancy floor 57%

Sensitivity live

Price -10% $897 -5% $856 +0% $815 +5% $774 +10% $733
Rent -10% $644 -5% $730 +0% $815 +5% $901 +10% $986
Rate -1.0pp $888 -0.5pp $852 base $815 +0.5pp $778 +1.0pp $739

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
$36,250
Closing costs
$4,350
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 26 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
7603 153rd St E Puyallup, WA 3.0 2.5 1518 $2,795 $1.84 18d 1 0.09mi
7603 153rd St E Puyallup, WA 3.0 2.0 1518 $2,795 $1.84 9d 1 0.09mi
15012 71st Ave E South Hill, WA 3.0 1.5 1200 $2,300 $1.92 51d 1 0.33mi
15010 71st Ave E Unit S168-12 Puyallup, WA 3.0 1.5 1200 $2,300 $1.92 51d 1 0.33mi
6612 153rd Street Ct E Puyallup, WA 3.0 2.0 1372 $2,700 $1.97 23d 1 0.52mi
15807 83rd Ave E Puyallup, WA 3.0 2.5 1720 $2,549 $1.48 7d 1 0.59mi
16216 and16218 72nd Avenue Ct E Puyallup, WA 3.0 2.5 1500 $2,480 $1.65 73d 1 0.59mi
7320 163rd St E Unit Left Puyallup, WA 3.0 2.5 1430 $2,695 $1.88 38d 1 0.64mi
7104 163rd St E Puyallup, WA 3.0 2.0 1260 $2,800 $2.22 9d 1 0.65mi
6708 161st Street Ct E Puyallup, WA 3.0 2.0 1000 $1,800 $1.80 16d 1 0.70mi
16427 77th Avenue Ct E Puyallup, WA 3.0 2.5 1692 $2,500 $1.48 29d 1 0.71mi
15502 87th Ave E Unit 15502 South Hill, WA 3.0 2.0 1300 $2,495 $1.92 73d 1 0.72mi
15623 90th Avenue Ct E Puyallup, WA 3.0 2.0 1286 $3,040 $2.36 41d 1 0.97mi
15623 90th Avenue Ct E Puyallup, WA 4.0 2.0 1286 $3,065 $2.38 61d 1 0.97mi
6719 135th Street Ct E Puyallup, WA 4.0 2.5 1675 $2,795 $1.67 93d 1 1.24mi
6820 133rd Street Ct E Puyallup, WA 3.0 2.5 1285 $2,550 $1.98 51d 1 1.34mi
97th Ave E Puyallup, WA 3.0 2.5 1452 $2,545 $1.75 13d 3 1.35mi
9530 160th Street Ct E Puyallup, WA 2.0–3.0 2.5 1284 $2,550 $1.99 61d 1 1.38mi
9611 161st St E Apt J Puyallup, WA 2.0 2.5 1200 $2,200 $1.83 17d 1 1.39mi
9611 161st St E Apt K Puyallup, WA 2.0 2.5 1165 $2,099 $1.80 17d 1 1.39mi
9611 161st St E Puyallup, WA 2.0 2.5 1200 $2,200 $1.83 23d 1 1.39mi
6801 132nd Street Ct E Puyallup, WA 4.0 3.0 1768 $3,039 $1.72 7d 1 1.41mi
7513 177th Street Ct E Puyallup, WA 1.0–4.0 1.0–2.5 1243 $2,940 $2.37 59d 7 1.47mi
7513 177th Street Ct E Puyallup, WA 2.0–4.0 2.5 1474 $2,714 $1.84 7d 11 1.47mi
8345 175th Street Ct E Puyallup, WA 2.0 2.5 1588 $2,300 $1.45 61d 1 1.48mi
9503 166th St E Puyallup, WA 3.0 3.0 1830 $2,700 $1.48 29d 1 1.48mi

Property features AI

Finance

Other
Located on a cul-de-sac with paved access
Financial info
Accepts cash and conventional financing
HOA & community
Located in a manufactured home park (Firlane Valley MHP) with 28 homesPark approved for salePark amenities include a recreational areaPets allowed — see remarksLand lease: $900

Exterior

Parking
Uncovered parking3 open parking spaces
Utilities
Electric energy sourceShared well (community water)Community septicPuget Sound Energy powerInternet: Comcast
Home design
Manufactured double-wide home (Modul Gibraltar)Single-storyFaces southVaulted ceilingsBath off primaryWalk-in closetEntry and dining room
Construction
Metal skirtConstruction materials: metal/vinyl and woodComposition roofPillar/post/pier foundation with tie-downsManufactured after 6/15/1976
Exterior features
AwningsPatio/porch/deckLandscapedMetal/vinyl and wood exterior

Interior

Kitchen
RefrigeratorStove/Range
Bedrooms
3 bedrooms
Flooring
Vinyl plankCarpet
Bathrooms
2 full bathrooms (2 tubs, 2 showers)
Heating & cooling
Forced air heatingNo cooling
Interior features
Wood-burning fireplaceWater heater
Laundry & utility
WasherDryerWater heater located in utility room

Listing history 50 events

  1. 2026-08-08
    days on market $145,000 Active 72 DOM
  2. 2026-08-06
    days on market $145,000 Active 70 DOM
  3. 2026-08-05
    days on market $145,000 Active 69 DOM
  4. 2026-08-04
    days on market $145,000 Active 68 DOM
  5. 2026-08-03
    days on market $145,000 Active 67 DOM
  6. 2026-07-31
    days on market $145,000 Active 64 DOM
  7. 2026-07-30
    days on market $145,000 Active 63 DOM
  8. 2026-07-30
    days on market $145,000 Active 62 DOM
  9. 2026-07-28
    days on market $145,000 Active 61 DOM
  10. 2026-07-26
    days on market $145,000 Active 59 DOM
  11. 2026-07-24
    days on market $145,000 Active 57 DOM
  12. 2026-07-23
    days on market $145,000 Active 56 DOM
  13. 2026-07-22
    days on market $145,000 Active 55 DOM
  14. 2026-07-21
    days on market $145,000 Active 54 DOM
  15. 2026-07-20
    days on market $145,000 Active 53 DOM
  16. 2026-07-18
    days on market $145,000 Active 51 DOM
  17. 2026-07-18
    days on market $145,000 Active 50 DOM
  18. 2026-07-16
    days on market $145,000 Active 49 DOM
  19. 2026-07-15
    days on market $145,000 Active 48 DOM
  20. 2026-07-14
    days on market $145,000 Active 47 DOM
  21. 2026-07-13
    days on market $145,000 Active 46 DOM
  22. 2026-07-13
    days on market $145,000 Active 45 DOM
  23. 2026-07-11
    days on market $145,000 Active 44 DOM
  24. 2026-07-10
    days on market $145,000 Active 43 DOM
  25. 2026-07-10
    status $145,000 Active 42 DOM
  26. 2026-06-26
    statusdays on market $145,000 Pending 42 DOM
  27. 2026-06-24
    days on market $145,000 Active 41 DOM
  28. 2026-06-22
    days on market $145,000 Active 39 DOM
  29. 2026-06-21
    days on market $145,000 Active 38 DOM
  30. 2026-06-18
    days on market $145,000 Active 35 DOM
  31. 2026-06-17
    days on market $145,000 Active 34 DOM
  32. 2026-06-16
    days on market $145,000 Active 33 DOM
  33. 2026-06-15
    days on market $145,000 Active 32 DOM
  34. 2026-06-13
    days on market $145,000 Active 30 DOM
  35. 2026-06-13
    days on market $145,000 Active 29 DOM
  36. 2026-06-09
    days on market $145,000 Active 26 DOM
  37. 2026-06-08
    days on market $145,000 Active 25 DOM
  38. 2026-06-07
    pricedays on market $145,000 Active 24 DOM
  39. 2026-06-04
    days on market $150,000 Active 21 DOM
  40. 2026-06-03
    days on market $150,000 Active 20 DOM
  41. 2026-06-02
    days on market $150,000 Active 19 DOM
  42. 2026-06-01
    days on market $150,000 Active 18 DOM
  43. 2026-05-31
    days on market $150,000 Active 17 DOM
  44. 2026-05-14
    listed $150,000 Active
  45. 2022-10-07
    soldstatus $53,500 Closed
  46. 2022-09-23
    status Pending
  47. 2022-09-06
    status Active
  48. 2022-08-31
    status Pending
  49. 2022-08-26
    price $58,950
  50. 2022-08-22
    price $62,000

ⓘ 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
$878 · $73/mo
Projected year-2 tax
$1,421 · $118/mo
Expected delta
+$543/yr (+$45/mo · 61.8%)

ⓘ 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 ≥87°F today · 14 d/yr by 30 yrs out
  • 💨 Wind 1/10 Low
  • 🫁 Air quality 7/10 Severe 10 unhealthy d/yr today · 10 by 30 yrs out

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$25,961
− Mortgage interest
−$8,122
− Property taxes
−$878
− Insurance
−$725
− Repairs & maintenance
−$2,077
− Management
−$2,077
− Depreciation
−$4,218
Taxable income
$7,864
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$1,887
After-tax cash flow
$7,894/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 · 5 photos

Good 75/100 Cosmetic rehab Est. rehab $6,720–$20,160 screening

This single-level manufactured home is in good condition with updated finishes and a spacious layout. It offers a good investment opportunity with potential for cosmetic upgrades to enhance its curb appeal and value.

Value-add opportunities

  • Both Paint exterior — Enhances curb appeal and value
  • Both Landscaping — Improves curb appeal and enhances outdoor living space

ⓘ 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 Dessie F Evans Elementary Middle Doris Stahl Junior High High Gov John Rogers High School

Schools (NCES district)

District
Puyallup School District
NCES district ID
5306960
Math proficiency
53% ▬ 0.00%
Reading proficiency
66% ▬ 0.00%
Median HH income
$68,291
Composite
54.01/100
National rank
#3006
State rank
#52 of 291 in WA
A Composite livability gradescore 80/100

Livability — South Hill

Score
80/100
State rank
#84
US rank
#1620

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
South Hill, WA
County
Pierce County · 956,648 people
City population
76,707
Metro
Seattle-Tacoma-Bellevue, WA
Population (ZIP)
31,187
Household income
$117,074
Rent vs Own
24.6% rent · 75.4% own
Severe rent burden
12% of renters

Population outlook (Pierce County) Hauer SSP2

Today (2025)
956,648 people
By 2030
1,010,862 · +5.7%
By 2040
1,113,170 · +16.4%
By 2050
1,206,524 · +26.1%
By 2075
1,436,425 · +50.2%
By 2100
1,563,654 · +63.5%

Race, ethnicity, and origin ACS 2023

Neighborhood character
Diverse neighborhood (Simpson 0.64)
Race & ethnicity
White 57% Two or more races 22% Hispanic / Latino 13% Black 8% Asian 6% Pacific Islander 1%
Hispanic origin (detail)
Mexican 10% Puerto Rican 1%
Common ancestry
Portuguese 3% Lithuanian 3% Italian 3%
Foreign-born
11% · Canada, China, South Korea
Languages at home
82% English-only · Spanish 8% Other Indo-European 2% Other Asian/Pacific 2%

Political lean MEDSL · Pierce

2024 margin
D (+10.8) · D 53.9% · R 43.1% · Other 3.0%
2008→2024 swing
-1.4pp toward R · 2008: 12.2pp · 2024: 10.8pp
All cycles
2024: D+10.8 2020: D+11.2 2016: D+7.5 2012: D+11.0 2008: D+12.2

Not yet ingested

Civics

Price history

+123.1% since first listed
13 events — show timeline
  • 2026-06-04 Price Changed $145,000 NWMLS as Distributed by MLS Grid
  • 2026-05-14 Listed $150,000 NWMLS as Distributed by MLS Grid
  • 2022-10-07 Sold (MLS) $53,500 NWMLS as Distributed by MLS Grid
  • 2022-09-23 Pending NWMLS as Distributed by MLS Grid
  • 2022-09-06 Relisted NWMLS as Distributed by MLS Grid
  • 2022-08-31 Pending NWMLS as Distributed by MLS Grid
  • 2022-08-26 Price Changed $58,950 NWMLS as Distributed by MLS Grid
  • 2022-08-22 Price Changed $62,000 NWMLS as Distributed by MLS Grid
  • 2022-08-11 Relisted NWMLS as Distributed by MLS Grid
  • 2022-08-10 Pending NWMLS as Distributed by MLS Grid
  • 2022-08-05 Relisted NWMLS as Distributed by MLS Grid
  • 2022-07-16 Pending NWMLS as Distributed by MLS Grid
  • 2022-07-14 Listed $65,000 NWMLS as Distributed by MLS Grid

Property tax history

+8.5%/yr

Latest (2026): $878 · +4.8% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…