17640 SW Declaration Way · Beaverton, OR 97006

$99,000

3 bd · 2.0 ba · 1,248 sqft · Manufactured · 161 Days on market

Built 1979 Good condition $79/sqft · 22% below area Est $127k · 22% under ↓ 17% since listing

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Why this score? — see what drove the A- 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 +6.3/10.0
• Livability +4.4/5.0
• Condition / age +4.0/5.0
• Rent growth +2.1/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome home! This charming and move-in ready 3-bed, 2-bath manufactured home sits in one of Beaverton’s most desirable communities. Featuring a bright open layout, a spacious kitchen, and a private primary suite, this home offers both comfort and affordability. The monthly park rent is $1,322, giving you access to a well-kept neighborhood close to everything—schools, restaurants, shopping centers, and more. Perfect for first-time buyers or downsizers looking for convenience and value. Come take a look before its gone!

Key facts

• 2 garage spots
• Built 1979
• Listed 161 days

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $99k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $978 ($12k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $99k).
• Recommended offer: $87k (12.0% below list) — sets the bar for market timing.
• Cap rate 18.1% vs local median 2.2% in Beaverton — 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 88/100 on livability (#10 in OR, #251 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, employment A+; Watch: crime D, cost of living F.
• Beaverton SD 48J (urban): math 68% / reading 76% proficiency, ranked #3 of 58 in OR (top 5%) — strong family-tenant draw, lease renewals of 3-5y typical.
• Market conditions: Rents soft (-1.6%/yr); 245 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 18d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 2,224 units permitted in Washington County in 2024 (242 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $684 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Washington County population projected at +33% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 0.0% rent growth), your $28k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 161 days — a 12% lower offer ($87k) is reasonable based on typical stale-listing flexibility.

Recommended offer $87,120 (12.0% below list)

Questions for the listing agent

1. It's been on market 161 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1979 — 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. 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. 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?
7. 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.
8. 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.
9. 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: 2.12% ✓
• Cap rate: 18.14%
• Cash-on-cash: 42.32%
• DSCR: 2.88
• GRM: 3.9

CMA / ARV

• ARV (median comp): $126,784
• List price: $99,000
• Delta: -21.91%
• Verdict: UNDERPRICED
• Comps: 9 within 1.0 mi

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
17620 SW Richmond Way	0.11mi	3/2.0	1,200 (-4%)	9mo	$125,500	$105	81
871 SW Liberty Bell Dr #474	0.05mi	2/2.0 (-1)	1,152 (-8%)	2mo	$114,950	$100	78
17660 SW Bunker Oak Rd	0.08mi	3/2.0	1,380 (+11%)	2mo	$165,600	$120	77
17595 SW Hancock Way #282	0.09mi	3/2.0	1,335 (+7%)	20mo	$160,000	$120	68
520 SW Georgetown Way	0.29mi	4/2.0 (+1)	1,344 (+8%)	1mo	$75,000	$56	67
375 SW Liberty Bell Dr	0.18mi	2/2.0 (-1)	1,311 (+5%)	15mo	$90,000	$69	66
17736 NW Shady Fir Loop	0.31mi	3/2.0	1,404 (+12%)	1mo	$220,000	$157	64
17436 NW Shady Fir Loop	0.25mi	3/2.0	1,344 (+8%)	19mo	$200,000	$149	60
17388 NW Shady Fir Loop #1	0.27mi	2/2.0 (-1)	1,144 (-8%)	22mo	$127,000	$111	50
797 SW Williamsburg Way #321	0.24mi	4/2.0 (+1)	1,370 (+10%)	24mo	$183,000	$134	48
17680 NW Shady Fir Loop #36	0.31mi	2/2.0 (-1)	1,080 (-14%)	18mo	$95,000	$88	43

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 35.6%
• Equity multiple: 2.45×
• Total profit: $40,085
• Equity at exit: $14,761

10-year hold

• IRR: 40.8%
• Equity multiple: 4.30×
• Total profit: $91,382
• Equity at exit: $8,560

Cash invested: $27,720 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 28 Tenant-Leaning
• State Oregon: 28 Tenant-Leaning · D+6
• County: — inherits STATE
• City: — inherits STATE

SB608 (2019): statewide rent cap (7% + CPI) and just-cause for tenancies > 1 yr. Portland has relocation assistance ordinance.

Methodology + full state rankings →

ZIP-level market 97006

• Rents YoY: -1.6%
• Active inventory: 245
• Price-to-rent: 3.9×

Monthly cashflow live

• Estimated rent: $2,103 high
• Mortgage (P&I): −$519
• Tax est. 1.5%: −$124 /mo · $1,485/yr
• Insurance: −$41
• HOA: −$0
• Vacancy / Maint / Mgmt: −$442
• Net cashflow: $978

Break-even live

Break-even rent $866

Max offer price $99,000

Occupancy floor 49%

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: $24,750
• Closing costs: $2,970
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
908 SW 175th Ter Beaverton, OR	3.0	2.5	1307	$2,295	$1.76	24d	1	0.27mi
900 SW 179th Ave Beaverton, OR	4.0	2.0	1356	$2,450	$1.81	8d	1	0.30mi
17152 SW Whitley Way Beaverton, OR	2.0	2.5	1260	$2,275	$1.81	16d	1	0.36mi
17040 SW Whitley Way #203 Beaverton, OR	2.0	1.5	1200	$1,695	$1.41	44d	1	0.39mi
17030 SW Baseline Rd Beaverton, OR	2.0	1.0	680	$1,671	$2.46	12d	1	0.42mi
1145 SW 170th Ave Beaverton, OR	3.0	1.0–2.0	835	$3,426	$4.10	2d	221	0.44mi
1333 SW 178th Ave Beaverton, OR	3.0	2.0	1310	$2,395	$1.83	24d	1	0.48mi
1345 SW 172nd Ter Beaverton, OR	1.0–3.0	1.0–2.0	970	$2,482	$2.56	2d	20	0.50mi
10667 NE Heritage Pkwy Hillsboro, OR	1.0–3.0	1.0–2.0	914	$2,332	$2.55	2d	13	0.55mi
903 SW 185th Ave Hillsboro, OR	2.0	2.0	985	$1,622	$1.65	8d	6	0.56mi
16715 SW Baseline Rd Beaverton, OR	3.0	2.0	1436	$2,200	$1.53	44d	1	0.57mi
875 SW 185th Ave Unit 07 Beaverton, OR	3.0	1.0	872	$1,858	$2.13	15d	1	0.57mi
1563 SW 172nd Ter Beaverton, OR	3.0	1.0–1.5	730	$2,290	$3.14	2d	26	0.60mi
10834 NE Holly St Hillsboro, OR	2.0	2.0	966	$1,995	$2.07	12d	1	0.63mi
730 NW 185th Ave Unit 730 Beaverton, OR	2.0	1.0	864	$1,550	$1.79	24d	1	0.64mi
18300 NW Walker Rd Beaverton, OR	2.0	2.0	958	$1,949	$2.03	2d	5	0.65mi
10664 NE Holly St Hillsboro, OR	2.0	2.0	960	$2,000	$2.08	24d	1	0.65mi
1614 SW 172nd Ter Beaverton, OR	2.0	2.5	1498	$2,195	$1.47	44d	1	0.65mi
314 NE Edgeway Dr Beaverton, OR	2.0	2.5	1300	$2,395	$1.84	24d	1	0.66mi
915 SW 163rd Ave Beaverton, OR	1.0–2.0	1.0–2.0	786	$1,810	$2.30	44d	12	0.68mi
10795 NE Gateway Pl Beaverton, OR	2.0	2.5	1104	$2,099	$1.90	24d	1	0.68mi
760 NW 185th Ave #207 Beaverton, OR	2.0	2.0	1007	$1,850	$1.84	24d	1	0.69mi
760 NW 185th Ave #207 Beaverton, OR	2.0	2.0	1007	$1,850	$1.84	44d	1	0.69mi
17391 SW Beaver Ct Beaverton, OR	3.0	2.0	1380	$2,295	$1.66	44d	1	0.69mi
16250 SW Jenkins Rd Beaverton, OR	1.0–3.0	1.0–2.0	1007	$1,790	$1.78	44d	1	0.70mi
770 NW 185th Ave #305 Beaverton, OR	2.0	1.0	864	$1,650	$1.91	44d	1	0.71mi
16201 NW Schendel Ave Beaverton, OR	1.0–2.0	1.0–2.0	830	$1,815	$2.19	2d	9	0.72mi
17208 SW Pleasanton Ln Beaverton, OR	3.0	2.5	1460	$2,450	$1.68	8d	1	0.73mi
915 SW 163rd Ave Unit 823 Beaverton, OR	2.0	1.0	824	$1,645	$2.00	4d	1	0.74mi
915 SW 163rd Ave Unit 718 Beaverton, OR	2.0	2.0	913	$1,675	$1.83	8d	1	0.74mi
915 SW 163rd Ave Unit 527 Beaverton, OR	2.0	2.0	913	$1,625	$1.78	8d	1	0.74mi
915 SW 163rd Ave Unit 132 Beaverton, OR	2.0	2.0	913	$1,635	$1.79	24d	1	0.74mi
915 SW 163rd Ave Unit 2314 Beaverton, OR	2.0	2.0	913	$1,725	$1.89	2d	1	0.74mi
17236 SW Berkeley Ln Beaverton, OR	3.0	2.5	1500	$2,395	$1.60	15d	1	0.76mi
17205 SW Merlo Rd Unit 3 Beaverton, OR	2.0	1.5	800	$1,595	$1.99	44d	1	0.77mi
17042 SW Berkeley Ln Beaverton, OR	3.0	2.5	1475	$2,249	$1.52	24d	1	0.78mi
17324 SW Merlo Rd Unit 3 Beaverton, OR	2.0	1.0	805	$1,795	$2.23	18d	1	0.82mi
17300 SW Merlo Rd Apt 3 Beaverton, OR	2.0	1.0	1000	$1,450	$1.45	3d	1	0.82mi
1248 SW 162nd Ave Beaverton, OR	2.0	3.0	1170	$2,150	$1.84	18d	1	0.84mi
1050 SW 160th Ave Beaverton, OR	2.0	1.0–2.0	854	$2,681	$3.14	2d	10	0.87mi

Listing history 9 events

1. 2026-06-18
   days on market $99,000 Active 161 DOM
2. 2026-06-17
   days on market $99,000 Active 160 DOM
3. 2026-06-16
   days on market $99,000 Active 159 DOM
4. 2026-06-15
   days on market $99,000 Active 158 DOM
5. 2026-06-13
   statusdays on market $99,000 Active 156 DOM
6. 2026-05-07
   price $99,000 536-char remark

   Show marketing remark (536 chars)

   Welcome home! This charming and move-in ready 3-bed, 2-bath manufactured home sits in one of Beaverton’s most desirable communities. Featuring a bright open layout, a spacious kitchen, and a private primary suite, this home offers both comfort and affordability. The monthly park rent is $1,322, giving you access to a well-kept neighborhood close to everything—schools, restaurants, shopping centers, and more. Perfect for first-time buyers or downsizers looking for convenience and value. Come take a look before its gone!

7. 2026-04-10
   price $110,000 536-char remark

   Show marketing remark (536 chars)

   Welcome home! This charming and move-in ready 3-bed, 2-bath manufactured home sits in one of Beaverton’s most desirable communities. Featuring a bright open layout, a spacious kitchen, and a private primary suite, this home offers both comfort and affordability. The monthly park rent is $1,322, giving you access to a well-kept neighborhood close to everything—schools, restaurants, shopping centers, and more. Perfect for first-time buyers or downsizers looking for convenience and value. Come take a look before its gone!

8. 2026-02-10
   price $115,000 536-char remark

   Show marketing remark (536 chars)

   Welcome home! This charming and move-in ready 3-bed, 2-bath manufactured home sits in one of Beaverton’s most desirable communities. Featuring a bright open layout, a spacious kitchen, and a private primary suite, this home offers both comfort and affordability. The monthly park rent is $1,322, giving you access to a well-kept neighborhood close to everything—schools, restaurants, shopping centers, and more. Perfect for first-time buyers or downsizers looking for convenience and value. Come take a look before its gone!

9. 2025-12-17
   listed $119,900 Active 536-char remark

   Show marketing remark (536 chars)

   Welcome home! This charming and move-in ready 3-bed, 2-bath manufactured home sits in one of Beaverton’s most desirable communities. Featuring a bright open layout, a spacious kitchen, and a private primary suite, this home offers both comfort and affordability. The monthly park rent is $1,322, giving you access to a well-kept neighborhood close to everything—schools, restaurants, shopping centers, and more. Perfect for first-time buyers or downsizers looking for convenience and value. Come take a look before its gone!

ⓘ 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 (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥92°F today · 14 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 8/10 Severe 11 unhealthy d/yr today · 11 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,241
• − Mortgage interest: −$5,546
• − Property taxes: −$1,485
• − Insurance: −$495
• − Repairs & maintenance: −$2,019
• − Management: −$2,019
• − Depreciation: −$2,880
• Taxable income: $10,797
• Est. tax owed @ 24.0%: −$2,591
• After-tax cash flow: $9,139/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 Cosmetic rehab

This move-in ready 3-bedroom, 2-bath manufactured home in a desirable Beaverton community offers a good condition with minor cosmetic updates to enhance its curb appeal and value.

Value-add opportunities

• Both paint exterior — enhances curb appeal and resale value
• Both landscape — improves curb appeal and rental value
• Both replace blinds — modernizes and improves natural light

Renovation cost estimate screening

Value-add ROI direction

• Both paint exterior — enhances curb appeal and resale value ↑
• Both landscape — improves curb appeal and rental value ↑
• Both replace blinds — modernizes and improves natural light ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Beaverton SD 48J
• NCES district ID: 4101920
• Math proficiency: 68% ▲ 14.00%
• Reading proficiency: 76% ▲ 11.00%
• Median HH income: $67,966
• Composite: 62.72/100
• National rank: #672
• State rank: #3 of 58 in OR

Livability — Beaverton

• Score: 88/100
• State rank: #10
• US rank: #251

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Washington County · 583,254 people
• City population: 204,753
• Metro: Portland-Vancouver-Hillsboro, OR-WA
• Population (ZIP): 46,463
• Household income: $104,790
• Rent vs Own: 56.1% rent · 43.9% own
• Severe rent burden: 2200.0

Population outlook (Washington County) Hauer SSP2

• Today (2025): 674,042 people
• By 2030: 721,804 · +7.1%
• By 2040: 812,732 · +20.6%
• By 2050: 895,143 · +32.8%
• By 2075: 1,058,806 · +57.1%
• By 2100: 1,131,692 · +67.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.66)
• Race & ethnicity: White 52% Asian 21% Hispanic / Latino 16% Two or more races 12% Black 3%
• Hispanic origin (detail): Mexican 12%
• Common ancestry: Italian 4% Portuguese 3% Lithuanian 3%
• Foreign-born: 22% · Canada, China, Vietnam
• Languages at home: 71% English-only · Spanish 8% Other Asian/Pacific 6% Other Indo-European 5%

Political lean MEDSL · Washington

• 2024 margin: Solid D (+34.0) · D 65.3% · R 31.3% · Other 3.4%
• 2008→2024 swing: +11.8pp toward D · 2008: 22.1pp · 2024: 34.0pp
• All cycles: 2024: D+34.0 2020: D+34.6 2016: D+26.7 2012: D+17.5 2008: D+22.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -344.27%
• Current HPI: 304.041
• Rent YoY: ▼ -1.58%
• Metro: Portland-Vancouver-Hillsboro, OR-WA
• State GDP YoY: ▲ 2.05%
• F500 in state: 2

Industry mix (Fortune 500 HQ in OR)

Industry	F500 HQs	Revenue
▸Consumer Goods	1	$51B

Price history

-17.4% since first listed

4 events — show timeline

• 2026-05-07 Price Changed $99,000 RMLS
• 2026-04-10 Price Changed $110,000 RMLS
• 2026-02-10 Price Changed $115,000 RMLS
• 2025-12-17 Listed $119,900 RMLS