1305 Gloria Ln · Walla Walla, WA 99362

$139,000

3 bd · 2.0 ba · 1,426 sqft · Manufactured public records · 105 Days on market

Built 1975 $97/sqft · 23% above area Est $113k · 23% 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
• DSCR +10.0/10.0
• 1% rule +7.9/10.0
• Schools +4.1/10.0
• Livability +4.0/5.0
• 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

Welcome to this beautifully updated 3-bedroom, 2-bath home situated on a desirable corner lot in the peaceful Rancho Villa community. This inviting home features a spacious & functional floor plan w/ generously sized rooms throughout. The large living room flows seamlessly into the kitchen & a dedicated/formal dining area—perfect for everyday living & entertaining. Adjacent to the kitchen, is a bright & welcoming space, an ideal setting for casual dining, morning coffee, or a comfortable den. The primary suite offers two closets & a private ensuite bathroom complete with dual sinks & a relaxing soaking tub. 2 additional bedrooms & a second bat

Key facts

• Dual sinks
• Primary suite
• Spacious floor plan

Tags

• CORNER LOT
• SPACIOUS FLOOR PLAN
• DEDICATED DINING AREA
• PRIMARY SUITE
• PRIVATE ENSUITE BATHROOM
• DUAL SINKS

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $139k.

Deal economics

• At list price, monthly cash flow is $573 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $139k).
• Recommended offer: $126k (9.0% below list) — sets the bar for market timing.
• Cap rate 11.2% vs local median 2.3% in Walla Walla — 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 79/100 on livability (#105 in WA, #2,015 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, housing A+; Watch: schools C-.
• Walla Walla Public Schools (urban): math 41% / reading 50% proficiency, ranked #179 of 291 in WA (top 62%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+2.4%/yr); 422 active listings in the ZIP; 14 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 206 units permitted in Walla Walla County in 2024 (50 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $961 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Walla Walla County population projected at +8% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 2.4% rent growth), your $39k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 105 days — a 9% lower offer ($126k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 3y ago; this cycle's ask has dropped $9k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $69k; list at $139k implies a 101% gain — meaningful room to come down on a strong offer.

Recommended offer $126,490 (9.0% below list)

Questions for the listing agent

1. It's been on market 105 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1975 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.29% ✓
• Cap rate: 11.24%
• Cash-on-cash: 17.68%
• DSCR: 1.79
• GRM: 6.5

CMA / ARV

• ARV (median comp): $112,984
• List price: $139,000
• Delta: 23.03%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1370 Samuel Dr	0.02mi	3/2.0	1,416 (-1%)	6mo	$135,000	$95	93
1320 Fort Ln	0.03mi	3/2.0	1,512 (+6%)	6mo	$130,000	$86	84
1328 Samuel	0.19mi	3/2.0	1,352 (-5%)	0mo	$65,000	$48	82
1312 Gloria Ln	0.03mi	3/2.0	1,344 (-6%)	9mo	$62,000	$46	82
1400 Samuel Dr	0.02mi	3/2.0	1,280 (-10%)	2mo	$169,900	$133	80
1372 Samuel Dr	0.03mi	2/2.0 (-1)	1,334 (-6%)	6mo	$55,000	$41	78
1260 Jones Dr	0.34mi	3/2.0	1,344 (-6%)	3mo	$170,000	$126	72
1252 Jones Dr	0.33mi	3/2.0	1,344 (-6%)	7mo	$120,000	$89	69
67 Jade St	0.52mi	3/2.0	1,344 (-6%)	2mo	$107,000	$80	65
1236 Jones Dr	0.30mi	3/2.0	1,214 (-15%)	1mo	$49,900	$41	60
1427 Topaz St	0.60mi	3/2.0	1,550 (+9%)	9mo	$119,000	$77	50
1427 Jasper St	0.57mi	3/2.0	1,624 (+14%)	4mo	$180,000	$111	47

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 · 2.4% rent growth · sell at horizon

5-year hold

• IRR: 8.5%
• Equity multiple: 1.33×
• Total profit: $12,881
• Equity at exit: $20,725

10-year hold

• IRR: 17.2%
• Equity multiple: 2.38×
• Total profit: $53,706
• Equity at exit: $12,018

Cash invested: $38,920 (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 99362

• Rents YoY: 2.4%
• Active inventory: 422
• Price-to-rent: 6.5×

Monthly cashflow live

• Estimated rent: $1,790 high
• Mortgage (P&I): −$729
• Tax from tax record: −$54 /mo · $648/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$376
• Net cashflow: $573

Break-even live

Break-even rent $1,064

Max offer price $139,000

Occupancy floor 63%

Sensitivity live

Price	-10% $652	-5% $613	+0% $573	+5% $534	+10% $495
Rent	-10% $432	-5% $503	+0% $573	+5% $644	+10% $715
Rate	-1.0pp $643	-0.5pp $609	base $573	+0.5pp $537	+1.0pp $501

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: $34,750
• Closing costs: $4,170
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
265 Avery St Walla Walla, WA	3.0	2.5	1268	$1,995	$1.57	44d	1	0.89mi
208 Marjorie Pl Unit marj208 Walla Walla, WA	3.0	2.0	1080	$1,295	$1.20	44d	1	0.90mi
1908 Sunset Dr Unit 217 Walla Walla, WA	3.0	2.5	1500	$2,050	$1.37	44d	1	0.95mi
1914 Sunset Dr Unit 1914SUN-B Walla Walla, WA	2.0	1.5	952	$1,625	$1.71	44d	1	0.96mi
942 NE Spitzenburg St Apt B104 College Place, WA	2.0	1.5	975	$1,530	$1.57	44d	1	0.96mi
22 NE Hadley Way #1 College Place, WA	2.0	2.5	1150	$2,095	$1.82	44d	1	1.08mi
1339 Modoc St Walla Walla, WA	2.0	2.0	1187	$2,195	$1.85	44d	1	1.12mi
332 S 3rd Ave Walla Walla, WA	2.0	1.0	1084	$1,630	$1.50	44d	1	1.22mi
255 Elder Pl #3 College Place, WA	2.0	1.0	889	$1,415	$1.59	44d	1	1.29mi
425 N 7th Ave Apt 2 Walla Walla, WA	4.0	2.5	1697	$1,795	$1.06	44d	1	1.34mi
310 SE 3rd St Unit 4 College Place, WA	2.0	1.0	1300	$1,300	$1.00	44d	1	1.39mi
218 E Whitman Dr Unit 1 College Place, WA	4.0	2.5	1485	$2,240	$1.51	44d	1	1.40mi
2121 S 2nd Ave Apt 304 Walla Walla, WA	2.0	1.5	975	$1,530	$1.57	44d	1	1.44mi
420 Catherine St #3 Walla Walla, WA	2.0	1.0	890	$1,295	$1.46	44d	1	1.45mi

Listing history 22 events

1. 2026-06-19
   days on market $139,000 Active 105 DOM
2. 2026-06-18
   days on market $139,000 Active 104 DOM
3. 2026-06-17
   days on market $139,000 Active 103 DOM
4. 2026-06-16
   days on market $139,000 Active 102 DOM
5. 2026-06-15
   days on market $139,000 Active 101 DOM
6. 2026-06-14
   days on market $139,000 Active 99 DOM
7. 2026-06-12
   days on market $139,000 Active 98 DOM
8. 2026-06-09
   days on market $139,000 Active 95 DOM
9. 2026-06-08
   days on market $139,000 Active 94 DOM
10. 2026-06-07
    days on market $139,000 Active 93 DOM
11. 2026-06-02
    days on market $139,000 Active 88 DOM
12. 2026-06-01
    days on market $139,000 Active 87 DOM
13. 2026-05-31
    days on market $139,000 Active 86 DOM
14. 2026-05-30
    days on market $139,000 Active 85 DOM
15. 2026-04-08
    price $139,000
16. 2026-03-06
    listed $148,000 Active
17. 2023-07-31
    soldstatus $69,000 Closed
18. 2023-07-13
    status Pending
19. 2023-06-12
    price $70,000
20. 2023-05-09
    price $85,000
21. 2023-03-10
    listed $125,000 Active
22. 2004-05-28
    soldstatus $33,150

ⓘ 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: $648 · $54/mo
• Projected year-2 tax: $1,362 · $114/mo
• Expected delta: +$714/yr (+$60/mo · 110.3%)

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

Taxation est. · year 1

• Rental income: $21,483
• − Mortgage interest: −$7,786
• − Property taxes: −$648
• − Insurance: −$695
• − Repairs & maintenance: −$1,719
• − Management: −$1,719
• − Depreciation: −$4,044
• Taxable income: $4,874
• Est. tax owed @ 24.0%: −$1,170
• After-tax cash flow: $5,712/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: Walla Walla Public Schools
• NCES district ID: 5309450
• Math proficiency: 41% ▲ 3.00%
• Reading proficiency: 50% ▼ -1.00%
• Median HH income: $46,207
• Composite: 40.88/100
• National rank: #7531
• State rank: #179 of 291 in WA

Livability — Walla Walla

• Score: 79/100
• State rank: #105
• US rank: #2015

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Walla Walla, WA
• County: Walla Walla County · 52,990 people
• City population: 42,853
• Metro: Walla Walla, WA
• Population (ZIP): 42,853
• Household income: $72,474
• Rent vs Own: 36.3% rent · 63.7% own
• Severe rent burden: 1238.0

Population outlook (Walla Walla County) Hauer SSP2

• Today (2025): 63,088 people
• By 2030: 64,417 · +2.1%
• By 2040: 66,563 · +5.5%
• By 2050: 68,337 · +8.3%
• By 2075: 73,235 · +16.1%
• By 2100: 74,878 · +18.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (69%)
• Race & ethnicity: White 69% Hispanic / Latino 22% Two or more races 9% Black 2% Asian 2% Native American 2%
• Hispanic origin (detail): Mexican 17%
• Common ancestry: Slovak 3% Portuguese 3% Lithuanian 3%
• Foreign-born: 9% · Canada, China
• Languages at home: 83% English-only · Spanish 15% Chinese 1%

Political lean MEDSL · Walla Walla

• 2024 margin: Lean R (+8.1) · D 44.6% · R 52.7% · Other 2.7%
• 2008→2024 swing: +8.5pp toward D · 2008: -16.6pp · 2024: -8.1pp
• All cycles: 2024: R+8.1 2020: R+8.7 2016: R+16.4 2012: R+22.3 2008: R+16.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -488.03%
• Current HPI: 321.6891
• Rent YoY: ▲ 2.40%
• Metro: Walla Walla, 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

+319.3% since first listed

8 events — show timeline

• 2026-04-08 Price Changed $139,000 NWMLS as Distributed by MLS Grid
• 2026-03-06 Listed $148,000 NWMLS as Distributed by MLS Grid
• 2023-07-31 Sold (MLS) $69,000 NWMLS as Distributed by MLS Grid
• 2023-07-13 Pending — NWMLS as Distributed by MLS Grid
• 2023-06-12 Price Changed $70,000 NWMLS as Distributed by MLS Grid
• 2023-05-09 Price Changed $85,000 NWMLS as Distributed by MLS Grid
• 2023-03-10 Listed $125,000 NWMLS as Distributed by MLS Grid
• 2004-05-28 Sold (Public Records) $33,150 Public Records

Property tax history

+9.7%/yr

Latest (2026): $648 · -1.3% YoY. Source: county tax records.