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620 112th St SE #320
C+ Composite 63.52
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 +22.5/30.0
  • ARV discount +15.0/15.0
  • DSCR +7.5/10.0
  • 1% rule +6.3/10.0
  • Schools +5.9/10.0
  • Condition / age +4.0/5.0
  • Livability +3.7/5.0
  • Appreciation +2.5/10.0
  • Rent growth +1.7/5.0
  • Manufactured-home adj. -5.5

$165,000

620 112th St SE #320 · Everett, WA 98208
2 bd · 2.0 ba · 1,896 sqft · Manufactured public records · 110 Days on market
Manufactured home 55+ age-restricted Built 1979 Good condition 42 ac lot $87/sqft · 29% below area Est $245k · 33% under

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

Listing remarks

MOTIVATED SELLER - Better than new and truly one-of-a-kind, this beautifully updated triple-wide home offers spacious, refined living in a desirable 55+ community. Featuring 2 oversized bedrooms and 1.75 baths, including a luxurious primary suite with a large en suite and oversized walk-in shower. Designed for both comfort and entertaining, the home boasts a large family room with a cozy wood-burning fireplace, formal dining area with a wet bar, and an expansive living room filled with natural light. The open kitchen offers abundant counter space and functionality for everyday living.

Key facts

  • Large family room
  • Wet bar
  • Formal dining area

Tags

UPDATED TRIPLE-WIDE HOMELARGE FAMILY ROOMCOZY WOOD-BURNING FIREPLACEFORMAL DINING AREAWET BAREXPANSIVE LIVING ROOM

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 2-bed/2.0-bath manufactured listed at $165k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $622 ($7k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($2k rent vs $165k).
  • Recommended offer: $150k (9.0% below list) — sets the bar for market timing.
  • Cap rate 10.8% vs local median 2.5% in Everett — 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 73/100 on livability (#199 in WA) — a middle-class / working-renter tenant base. Strengths: commute A+, housing A, health & safety A; Watch: crime D+, amenities F, cost of living F.
  • Everett School District (urban): math 60% / reading 72% proficiency, ranked #26 of 291 in WA (top 9%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
  • Zoned schools: Silver Lake Elementary (584 students, 60% FRL); Eisenhower Middle School (880 students, 52% FRL); Cascade High School (1,793 students, 53% FRL) — zoned schools average 55% FRL vs 31% district-wide (24 pts higher); higher-poverty schools than district average — tighter screening recommended.
  • Market conditions: Rents falling (-3.2%/yr); 364 active listings in the ZIP; 26 comparable units currently listed for rent nearby; rentals lingering (median 37d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 62% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 3,982 units permitted in Snohomish County in 2024 (1,492 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 $5k of value loss. Plan a longer hold.
  • Snohomish County population projected at +30% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

  • It's been on market 110 days — a 9% lower offer ($150k) is reasonable based on typical stale-listing flexibility.
  • 6 sale attempts since 20y ago; this cycle's ask has dropped $20k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.
  • Current owner paid $60k; list at $165k implies a 175% gain — meaningful room to come down on a strong offer.
Recommended offer $150,150 (9.0% below list)

Questions for the listing agent

  1. It's been on market 110 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 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. 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?
  6. 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.
  7. 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.
  8. 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
1.26%
Cap rate
10.82%
Cash-on-cash
16.16%
DSCR
1.72
GRM
6.6

CMA / ARV

ARV (median comp)
$245,000
List price
$165,000
Delta
-32.65%
Verdict
UNDERPRICED
Comps
5 within 1.0 mi
Show comp detail 7 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
620 112th St SE #140 0.00mi 3/2.0 (+1) 1,816 (-4%) 21mo $120,000 $66 70
620 112th #355 0.00mi 2/2.0 1,766 (-7%) 23mo $193,000 $109 69
620 112th St SE #33 0.00mi 3/2.0 (+1) 1,715 (-10%) 12mo $115,000 $67 69
620 112th St SE #347 0.17mi 3/2.0 (+1) 1,620 (-15%) 21mo $190,000 $117 45
12304 SE 10th Dr 0.59mi 3/2.0 (+1) 1,782 (-6%) 16mo $432,500 $243 44
11500 Meridian Ave S #49 0.64mi 3/2.0 (+1) 1,620 (-15%) 4mo $245,000 $151 37
11500 Meridian Ave S #101 0.64mi 3/3.0 (+1) 1,782 (-6%) 18mo $170,000 $95 37

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
3.9%
Equity multiple
1.15×
Total profit
$6,772
Equity at exit
$24,602
10-year hold
IRR
10.6%
Equity multiple
1.72×
Total profit
$33,261
Equity at exit
$14,266

Cash invested: $46,200 (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.
Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
5 active · 3 under contract
Months of supply
7.5 mo (13%/mo absorbed)
Median asking
$120,000 ($76/sqft)
Median days on market
57 d
This list price
100% of active listings are priced below it
ARV vs active asking
+70.1% above current asking $/sqft

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

ZIP-level market 98208

Rents YoY
-3.2%
Active inventory
364
Price-to-rent
6.6×

Monthly cashflow live

Estimated rent
$2,073 high interval (Pro) →
Mortgage (P&I)
$865
Tax from tax record
$82 /mo · $980/yr
Insurance
$69
HOA
$0
Lot rent leased land?
$0
Vacancy / Maint / Mgmt
$435
Net cashflow
$622

Break-even live

Break-even rent $1,286
Max offer price $165,000
Occupancy floor 65%

Sensitivity live

Price -10% $716 -5% $669 +0% $622 +5% $576 +10% $529
Rent -10% $458 -5% $540 +0% $622 +5% $704 +10% $786
Rate -1.0pp $705 -0.5pp $664 base $622 +0.5pp $579 +1.0pp $536

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
$41,250
Closing costs
$4,950
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
11026 Meridian Dr SE Everett, WA 3.0 2.5 1700 $3,000 $1.76 93d 1 0.53mi
4 112th St SW Unit A Everett, WA 3.0 2.5 1661 $3,300 $1.99 93d 1 0.56mi
10509 14th Dr SE Everett, WA 3.0 2.5 1506 $2,700 $1.79 48d 1 0.69mi
1301 124th Pl SE Everett, WA 3.0 2.5 1876 $3,500 $1.87 73d 1 0.74mi
119 107th St SW Unit B Everett, WA 3.0 2.0 1346 $2,900 $2.15 13d 1 0.78mi
2012 113th Pl SE Everett, WA 2.0 2.5 1250 $2,995 $2.40 10d 1 0.81mi
10101 7th Ave SE Everett, WA 1.0–3.0 1.0–2.0 1073 $2,249 $2.10 7d 9 0.84mi
305 127th St SE Unit A Everett, WA 2.0 2.5 1456 $2,649 $1.82 93d 1 0.86mi
12102 4th Ave W Everett, WA 1.0–3.0 1.0–2.5 982 $2,189 $2.23 12d 25 0.97mi
222 124th St SW Unit A2 Everett, WA 3.0 2.5 1560 $2,975 $1.91 54d 1 0.97mi
222 124th St SW Unit A2 Everett, WA 3.0 2.0 1560 $2,975 $1.91 43d 1 0.97mi
12600 4th Ave W Everett, WA 2.0 2.5 1336 $2,295 $1.72 66d 1 1.16mi
13117 3rd Ave SE Unit J1 Everett, WA 3.0 3.0 1659 $3,249 $1.96 93d 1 1.16mi
13117 3rd Ave SE Unit B6 Everett, WA 3.0 3.0 1671 $3,200 $1.92 17d 1 1.16mi
9618 19th Ave SE Unit C Everett, WA 3.0 3.0 1637 $3,200 $1.95 59d 1 1.20mi
13004 Meridian Ave S Everett, WA 1.0–3.0 1.0–2.0 1025 $1,961 $1.91 31d 1 1.24mi
13510 N Creek Dr Mill Creek, WA 1.0–4.0 1.0–2.0 1020 $1,830 $1.79 37d 1 1.29mi
9229 5th Dr SE Everett, WA 3.0 2.5 2337 $3,590 $1.54 30d 1 1.31mi
11719 12th Ave W Everett, WA 3.0 2.5 1533 $2,800 $1.83 93d 1 1.32mi
11727 12th Ave W #77 Everett, WA 3.0 2.5 1533 $2,950 $1.92 18d 1 1.33mi
12522 8th Ave W Everett, WA 1.0–3.0 1.0–2.0 1005 $2,147 $2.14 13d 11 1.35mi
12121 Admiralty Way Everett, WA 1.0–3.0 1.0–2.0 1116 $2,215 $1.98 9d 13 1.40mi
9515 Holly Dr Unit 1 Everett, WA 3.0 2.5 1600 $2,500 $1.56 21d 1 1.41mi
229 Dorn Ave Unit C101 Everett, WA 3.0 2.5 1452 $2,750 $1.89 31d 1 1.41mi
10115 Holly Dr Everett, WA 1.0–3.0 1.0–2.0 1003 $2,278 $2.27 59d 22 1.43mi
1209 125th Pl SW Everett, WA 3.0 2.5 1860 $3,300 $1.77 21d 1 1.49mi

Property features AI

Finance

Other
Directions available to property
Financial info
Listing terms: Cash or Conventional
HOA & community
Located in Lago De Plata parkPark approved for saleSenior communityPark amenities: clubhouse, common area, exercise room, pool, recreational area, RV parking, trails, high-speed internet available244 homes in parkLand lease amount

Exterior

Parking
Carport
Utilities
Public water (paid by park)Public sewer (paid by park)PUD power companyElectric water heater
Home design
Manufactured home (triple wide)Pan Am makeOne storyFaces northEntry and dining, family and living room included
Construction
Metal and vinyl constructionComposition roofPillar/post/pier foundationManufactured after 06/15/1976
Exterior features
Metal/vinyl exteriorPatio/porch/deckLandscapedPaved lot

Interior

Kitchen
DishwasherGarbage disposalMicrowaveRefrigeratorStove/Range
Bedrooms
2 bedrooms
Flooring
Vinyl plankCarpet
Bathrooms
1 full bath1 three-quarter bath1 bathtub2 showers
Heating & cooling
Heat pump for heating and coolingElectric and wood energy sources
Interior features
Fireplace (wood burning)Water heaterVaulted ceilingsSkylightsWet bar
Laundry & utility
WasherDryerUtility room

Listing history 50 events

  1. 2026-08-08
    days on market $165,000 Active 110 DOM
  2. 2026-08-06
    days on market $165,000 Active 108 DOM
  3. 2026-08-05
    days on market $165,000 Active 107 DOM
  4. 2026-08-04
    days on market $165,000 Active 106 DOM
  5. 2026-08-03
    days on market $165,000 Active 105 DOM
  6. 2026-07-31
    days on market $165,000 Active 102 DOM
  7. 2026-07-30
    days on market $165,000 Active 101 DOM
  8. 2026-07-30
    days on market $165,000 Active 100 DOM
  9. 2026-07-28
    days on market $165,000 Active 99 DOM
  10. 2026-07-26
    days on market $165,000 Active 97 DOM
  11. 2026-07-24
    days on market $165,000 Active 95 DOM
  12. 2026-07-23
    days on market $165,000 Active 94 DOM
  13. 2026-07-22
    days on market $165,000 Active 93 DOM
  14. 2026-07-21
    days on market $165,000 Active 92 DOM
  15. 2026-07-20
    days on market $165,000 Active 91 DOM
  16. 2026-07-18
    days on market $165,000 Active 89 DOM
  17. 2026-07-18
    days on market $165,000 Active 88 DOM
  18. 2026-07-16
    days on market $165,000 Active 87 DOM
  19. 2026-07-15
    days on market $165,000 Active 86 DOM
  20. 2026-07-14
    days on market $165,000 Active 85 DOM
  21. 2026-07-13
    days on market $165,000 Active 84 DOM
  22. 2026-07-13
    days on market $165,000 Active 83 DOM
  23. 2026-07-11
    pricedays on market $165,000 Active 82 DOM
  24. 2026-07-10
    days on market $185,000 Active 81 DOM
  25. 2026-07-10
    status $185,000 Active 80 DOM
  26. 2026-07-06
    status $185,000 Pending 80 DOM
  27. 2026-07-06
    days on market $185,000 Active 80 DOM
  28. 2026-07-05
    days on market $185,000 Active 79 DOM
  29. 2026-07-03
    days on market $185,000 Active 78 DOM
  30. 2026-07-02
    days on market $185,000 Active 77 DOM
  31. 2026-07-01
    days on market $185,000 Active 76 DOM
  32. 2026-06-30
    days on market $185,000 Active 75 DOM
  33. 2026-06-29
    days on market $185,000 Active 74 DOM
  34. 2026-06-28
    days on market $185,000 Active 73 DOM
  35. 2026-06-27
    days on market $185,000 Active 72 DOM
  36. 2026-06-26
    days on market $185,000 Active 71 DOM
  37. 2026-06-24
    days on market $185,000 Active 69 DOM
  38. 2026-06-22
    days on market $185,000 Active 67 DOM
  39. 2026-06-21
    days on market $185,000 Active 66 DOM
  40. 2026-06-18
    days on market $185,000 Active 63 DOM
  41. 2026-06-17
    days on market $185,000 Active 62 DOM
  42. 2026-06-16
    days on market $185,000 Active 61 DOM
  43. 2026-06-15
    days on market $185,000 Active 60 DOM
  44. 2026-06-13
    days on market $185,000 Active 58 DOM
  45. 2026-06-13
    days on market $185,000 Active 57 DOM
  46. 2026-06-09
    days on market $185,000 Active 54 DOM
  47. 2026-06-08
    days on market $185,000 Active 53 DOM
  48. 2026-06-07
    days on market $185,000 Active 52 DOM
  49. 2026-06-04
    days on market $185,000 Active 49 DOM
  50. 2026-06-03
    days on market $185,000 Active 48 DOM

ⓘ 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
$980 · $82/mo
Projected year-2 tax
$1,617 · $135/mo
Expected delta
+$637/yr (+$53/mo · 64.9%)

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

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$24,880
− Mortgage interest
−$9,243
− Property taxes
−$980
− Insurance
−$825
− Repairs & maintenance
−$1,990
− Management
−$1,990
− Depreciation
−$4,800
Taxable income
$5,052
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$1,212
After-tax cash flow
$6,254/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 · 9 photos

Good 80/100 Cosmetic rehab Est. rehab $9,480–$28,440 screening

This beautifully updated triple-wide manufactured home in a desirable 55+ community is move-in ready with good condition and minimal maintenance required.

Components & finishes AI

Roof asphalt shingle · good

Value-add opportunities

  • Resale Paint exterior siding — Fresh paint can enhance curb appeal and home value.
  • Both Replace carpet in living areas — Carpet can detract from the home's modern aesthetic and comfort level.
  • Both Install smart home automation — Smart home features can increase convenience and appeal to potential buyers/renters.

ⓘ 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 Silver Lake Elementary Middle Eisenhower Middle School High Cascade High School

Schools (NCES district)

District
Everett School District
NCES district ID
5302670
Math proficiency
60% ▲ 1.00%
Reading proficiency
72% ▲ 1.00%
Median HH income
$66,815
Composite
59.0/100
National rank
#1964
State rank
#26 of 291 in WA
B Composite livability gradescore 73/100

Livability — Everett

Score
73/100
State rank
#199
US rank
#5489

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Everett, WA
County
Snohomish County · 899,800 people
City population
173,457
Metro
Seattle-Tacoma-Bellevue, WA
Population (ZIP)
60,915
Household income
$103,705
Rent vs Own
30.5% rent · 69.5% own
Severe rent burden
20% of renters

Population outlook (Snohomish County) Hauer SSP2

Today (2025)
899,800 people
By 2030
960,975 · +6.8%
By 2040
1,074,447 · +19.4%
By 2050
1,171,954 · +30.2%
By 2075
1,384,849 · +53.9%
By 2100
1,497,296 · +66.4%

Race, ethnicity, and origin ACS 2023

Neighborhood character
Diverse neighborhood (Simpson 0.65)
Race & ethnicity
White 55% Asian 17% Hispanic / Latino 14% Two or more races 13% Black 5%
Hispanic origin (detail)
Mexican 10%
Common ancestry
Portuguese 5% Italian 3% Slovak 2%
Foreign-born
27% · Canada, Vietnam, South Korea
Languages at home
66% English-only · Spanish 9% Vietnamese 4% Other Asian/Pacific 4%

Political lean MEDSL · Snohomish

2024 margin
D (+19.0) · D 57.8% · R 38.9% · Other 3.3%
2008→2024 swing
+0.1pp no change · 2008: 18.9pp · 2024: 19.0pp
All cycles
2024: D+19.0 2020: D+20.6 2016: D+16.6 2012: D+16.2 2008: D+18.9

Not yet ingested

Civics

Price history

+219.0% since first listed
15 events — show timeline
  • 2026-04-16 Listed $185,000 NWMLS as Distributed by MLS Grid
  • 2015-07-09 Sold (MLS) $60,000 NWMLS as Distributed by MLS Grid
  • 2015-06-23 Pending NWMLS as Distributed by MLS Grid
  • 2015-06-10 Pending NWMLS as Distributed by MLS Grid
  • 2015-06-04 Listed $61,500 NWMLS as Distributed by MLS Grid
  • 2014-07-10 Sold (MLS) $49,000 NWMLS as Distributed by MLS Grid
  • 2014-06-27 Pending NWMLS as Distributed by MLS Grid
  • 2014-06-22 Pending NWMLS as Distributed by MLS Grid
  • 2014-06-06 Relisted NWMLS as Distributed by MLS Grid
  • 2014-05-31 Pending NWMLS as Distributed by MLS Grid
  • 2014-05-13 Relisted NWMLS as Distributed by MLS Grid
  • 2014-05-13 Pending NWMLS as Distributed by MLS Grid
  • 2014-05-01 Listed $53,000 NWMLS as Distributed by MLS Grid
  • 2006-09-15 Sold (MLS) $55,000 NWMLS as Distributed by MLS Grid
  • 2006-05-24 Listed $58,000 NWMLS as Distributed by MLS Grid

Property tax history

+3.8%/yr

Latest (2026): $980 · -16.2% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…