1706 Twin Peaks Dr #83 · Wenatchee, WA 98801

$145,000

3 bd · 2.0 ba · 1,568 sqft · Manufactured public records · 24 Days on market

Built 1987 1,742 sqft lot Est $176k · 17% under ↓ 3% since listing

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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 +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +4.2/10.0
• Livability +3.6/5.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

* * SELLER AGREES TO PAY 4 MONTHS LOT RENT IN ADVANCE AT CLOSING * * Bright and inviting 3-bedroom, 2-bath manufactured home located in a welcoming 55+ community. This spacious residence offers an open floor plan filled with abundant natural light, creating a warm and comfortable atmosphere throughout. The primary suite features a private bath, while two additional bedrooms provide flexibility for guests, hobbies, or office space. Enjoy convenient single-level living in a peaceful neighborhood designed for active adults. Situated on leased land, this home offers a low-maintenance lifestyle with access to community amenities and a friendly environment perfect for relaxed living. RV Parkin

Key facts

• Open floor plan
• Rv parking
• Private bath

Tags

• OPEN FLOOR PLAN
• PRIVATE BATH
• SINGLE-LEVEL LIVING
• LOW-MAINTENANCE LIFESTYLE
• RV PARKING
• COMMUNITY AMENITIES

Property features AI

Finance

• Other: Calculated living area: 1568; Property condition: Good; Structure type: Manufactured house; Mobile home remains
• Financial info: Land lease: $888; Listing terms: Cash
• HOA & community: Located in Twin Peaks Manor (manufactured home park); Park approved for sale; Senior community; Park amenities include pool and RV parking; Bus service nearby (routes 1 & 2)

Exterior

• Parking: Individual garage; Has garage; RV parking (park amenity)
• Utilities: Electric power; Public water (see remarks); Public sewer; Electric water heater (located in bathroom closet); Power provided by Chelan PUD
• Home design: Manufactured double-wide home; One story; Southwest facing; Entry level: One
• Construction: Wood construction; Composition roof; Tie-down foundation; Built by Marlette Homes, model 2359; Manufactured after 6/15/1976
• Exterior features: Wood products exterior; Patio/porch/deck; Landscaped; Corner lot; Has view

Interior

• Kitchen: Dishwasher; Garbage disposal; Refrigerator; Stove/Range
• Bedrooms: 3 bedrooms
• Flooring: Ceramic tile; Laminate
• Bathrooms: 2 full bathrooms; 2 bathtubs; 2 showers
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Water heater; Skylights; Vaulted ceilings; Walk-in closet; Dining room; Living room; Utility room; Bath off primary
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $145k.

Deal economics

• At list price, monthly cash flow is $866 ($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: $143k (1.5% below list) — sets the bar for market timing.
• Cap rate 13.5% vs local median 2.9% in Wenatchee — 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 72/100 on livability (#211 in WA) — a middle-class / working-renter tenant base. Strengths: health & safety A+, housing A, amenities B; Watch: crime C-, commute F.
• Wenatchee School District (urban): math 38% / reading 54% proficiency, ranked #175 of 291 in WA (top 60%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents flat; 326 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 762 units permitted in Chelan County in 2024 (377 in 5+ unit buildings).
• This rent runs 34% of the median local income ($81k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

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.
• Chelan County population projected at +13% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 0.8% 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 24 days — a 2% lower offer ($143k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: major wildfire risk; extreme-heat days projected 7→14/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $142,825 (1.5% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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.
3. 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.
4. 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: 1.57% ✓
• Cap rate: 13.46%
• Cash-on-cash: 25.60%
• DSCR: 2.14
• GRM: 5.3

CMA / ARV

• ARV (on-the-fly): $175,616
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1610 Twin Peaks Dr	0.06mi	2/2.0 (-1)	1,568 (0%)	2mo	$175,000	$112	90
1701 Clark Dr #66	0.07mi	3/2.0	1,680 (+7%)	2mo	$174,672	$104	83
1705 Twins Peaks Dr	0.03mi	3/2.0	1,680 (+7%)	5mo	$217,000	$129	83
1702 Clark Dr	0.09mi	3/2.0	1,680 (+7%)	2mo	$184,900	$110	82
914 Meadowridge Dr	0.44mi	3/2.0	1,568 (0%)	3mo	$105,000	$67	77
1700 Twin Peaks Dr #71	0.04mi	2/2.0 (-1)	1,668 (+6%)	8mo	$135,000	$81	76
1635 Meadowridge Dr	0.47mi	3/2.0	1,620 (+3%)	1mo	$222,000	$137	72
1814 Heritage Dr	0.17mi	2/2.0 (-1)	1,691 (+8%)	4mo	$400,000	$237	70
1311 Maple St #18	0.51mi	3/2.0	1,536 (-2%)	4mo	$80,000	$52	69
611 N Western Ave #34	0.67mi	3/2.0	1,568 (0%)	5mo	$120,000	$77	65
909 Meadowridge Dr #37	0.49mi	2/2.0 (-1)	1,404 (-10%)	6mo	$210,000	$150	49
611 N Western Ave #25	0.67mi	3/2.0	1,344 (-14%)	8mo	$185,500	$138	38

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 · 0.75% rent growth · sell at horizon

5-year hold

• IRR: 16.7%
• Equity multiple: 1.66×
• Total profit: $26,624
• Equity at exit: $21,620

10-year hold

• IRR: 23.6%
• Equity multiple: 2.83×
• Total profit: $74,410
• 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.

Methodology + full state rankings →

ZIP-level market 98801

• Rents YoY: 0.8%
• Active inventory: 326
• Price-to-rent: 5.3×

Monthly cashflow live

• Estimated rent: $2,278 high
• Mortgage (P&I): −$760
• Tax from tax record: −$113 /mo · $1,351/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$478
• Net cashflow: $866

Break-even live

Break-even rent $1,182

Max offer price $145,000

Occupancy floor 57%

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: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1409 Maple St Unit 2 Wenatchee, WA	2.0	2.0	1300	$2,195	$1.69	43d	1	0.35mi
1030 Finch Ln Unit H Wenatchee, WA	3.0	2.5	1750	$2,600	$1.49	43d	1	0.35mi
1312 Springwater Ave Wenatchee, WA	3.0	2.0	1150	$2,550	$2.22	43d	1	0.56mi
1013 Fifth St Wenatchee, WA	3.0	3.5	2152	$2,295	$1.07	43d	1	1.14mi
1100 First St Unit 1107 Wenatchee, WA	2.0	1.5	1600	$1,795	$1.12	43d	1	1.34mi
895 Riverside Dr Wenatchee, WA	2.0	1.0–2.5	1000	$2,225	$2.22	43d	15	1.39mi
309 N Emerson Ave Unit 1 Wenatchee, WA	2.0	1.0	1400	$1,595	$1.14	43d	1	1.39mi
615 N Piere St Wenatchee, WA	2.0	1.0–2.0	809	$2,355	$2.91	43d	9	1.44mi

Listing history 11 events

1. 2026-06-13
   pricestatusdays on market $145,000 Pending 24 DOM
2. 2026-06-10
   days on market $150,000 Active 22 DOM
3. 2026-06-09
   days on market $150,000 Active 21 DOM
4. 2026-06-08
   days on market $150,000 Active 20 DOM
5. 2026-06-07
   days on market $150,000 Active 19 DOM
6. 2026-06-05
   days on market $150,000 Active 16 DOM
7. 2026-06-02
   days on market $150,000 Active 14 DOM
8. 2026-06-01
   days on market $150,000 Active 13 DOM
9. 2026-05-31
   days on market $150,000 Active 12 DOM
10. 2026-05-30
    days on market $150,000 Active 11 DOM
11. 2026-04-22
    listed $150,000 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: $1,351 · $113/mo
• Projected year-2 tax: $1,421 · $118/mo
• Expected delta: +$70/yr (+$6/mo · 5.2%)

ⓘ 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 (shaded) · 0% chance over 30 yrs
• 🔥 Wildfire 7/10 Severe
• 🌡 Heat 5/10 Major 7 d/yr ≥96°F today · 14 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 10/10 Extreme 25 unhealthy d/yr today · 25 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,337
• − Mortgage interest: −$8,122
• − Property taxes: −$1,351
• − Insurance: −$725
• − Repairs & maintenance: −$2,187
• − Management: −$2,187
• − Depreciation: −$4,218
• Taxable income: $8,546
• Est. tax owed @ 24.0%: −$2,051
• After-tax cash flow: $8,344/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: Wenatchee School District
• NCES district ID: 5309660
• Math proficiency: 38% ▲ 1.00%
• Reading proficiency: 54% ▲ 2.00%
• Median HH income: $51,059
• Composite: 41.72/100
• National rank: #7189
• State rank: #175 of 291 in WA

Livability — Wenatchee

• Score: 72/100
• State rank: #211
• US rank: #6003

Category grades

Amenities B Commute F Cost of living C+ 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: Wenatchee, WA
• County: Chelan County · 53,031 people
• City population: 45,426
• Metro: Wenatchee, WA
• Population (ZIP): 45,426
• Household income: $81,488
• Rent vs Own: 41.2% rent · 58.8% own
• Severe rent burden: 1278.0

Population outlook (Chelan County) Hauer SSP2

• Today (2025): 81,630 people
• By 2030: 84,312 · +3.3%
• By 2040: 88,619 · +8.6%
• By 2050: 91,915 · +12.6%
• By 2075: 99,409 · +21.8%
• By 2100: 100,032 · +22.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (61%)
• Race & ethnicity: White 61% Hispanic / Latino 33% Two or more races 14% Native American 2%
• Hispanic origin (detail): Mexican 28%
• Common ancestry: Portuguese 4% Italian 3% Slovak 3%
• Foreign-born: 14% · Canada, Dominican Republic
• Languages at home: 72% English-only · Spanish 27%

Political lean MEDSL · Chelan

• 2024 margin: Lean R (+9.5) · D 43.9% · R 53.4% · Other 2.7%
• 2008→2024 swing: +2.5pp toward D · 2008: -12.0pp · 2024: -9.5pp
• All cycles: 2024: R+9.5 2020: R+7.8 2016: R+15.7 2012: R+16.9 2008: R+12.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -569.39%
• Current HPI: 227.1555
• Rent YoY: ▲ 0.75%
• Metro: Wenatchee, 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

-3.3% since first listed

3 events — show timeline

• 2026-06-12 Pending — NWMLS as Distributed by MLS Grid
• 2026-06-10 Price Changed $145,000 NWMLS as Distributed by MLS Grid
• 2026-05-19 Listed $150,000 NWMLS as Distributed by MLS Grid

Property tax history

+5.8%/yr

Latest (2026): $1,351 · +10.5% YoY. Source: county tax records.