610 Leisure Cir · Aberdeen, WA 98520

$52,500

3 bd · 2.0 ba · 1,344 sqft · Manufactured public records · 72 Days on market

Built 1977 $39/sqft · 20% below area Est $66k · 20% under

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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
• Livability +4.0/5.0
• Rent growth +3.6/5.0
• Schools +3.6/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

This 3 bed/1.75 bath double-wide manufactured home has been lovingly cared for. Home has a newer furnace which was installed in 2024. All flooring throughout the home is new and updated. House has a nice floorplan with a formal dining room. There is a shed for additional storage and a carport. Low-maintenance landscaping. Out of the flood plan. Located in an all ages park and close to bus line. Mobile home park has a community club house for larger gatherings.

Key facts

• Newer furnace
• Formal dining room
• New flooring

Tags

• NEWER FURNACE
• NEW FLOORING
• FORMAL DINING ROOM
• ADDITIONAL STORAGE
• CARPORT
• LOW MAINTENANCE LANDSCAPING

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $52k.

Deal economics

• At list price, monthly cash flow is $941 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $52k).
• Recommended offer: $49k (6.0% below list) — sets the bar for market timing.
• Cap rate 27.8% vs local median 4.1% in Aberdeen — 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 81/100 on livability (#73 in WA, #1,320 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, cost of living A+; Watch: schools D+, crime D-, employment F.
• Aberdeen School District (town): math 35% / reading 45% proficiency, ranked #222 of 291 in WA (top 76%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 61% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+4.3%/yr); 257 active listings in the ZIP; 5 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; 297 units permitted in Grays Harbor County in 2024 (17 in 5+ unit buildings).
• This rent runs 33% of the median local income ($58k/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 $363 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Grays Harbor County population projected at -24% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 4.3% rent growth), your $15k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 72 days — a 6% lower offer ($49k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 14y ago; this cycle's ask has dropped $12k (19%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $13k; list at $52k implies a 304% gain — meaningful room to come down on a strong offer.

Recommended offer $49,350 (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. Built in 1977 — 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 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?
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: 3.06% ✓
• Cap rate: 27.80%
• Cash-on-cash: 76.81%
• DSCR: 4.42
• GRM: 2.7

CMA / ARV

• ARV (median comp): $65,516
• List price: $52,500
• Delta: -19.87%
• Verdict: UNDERPRICED
• Comps: 12 within 1.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
402 Carefree Cir	0.04mi	3/2.0	1,344 (0%)	1mo	$82,000	$61	98
511 Leisure Cir	0.07mi	3/2.0	1,344 (0%)	10mo	$52,000	$39	88
58 Meander Way	0.11mi	3/2.0	1,404 (+4%)	11mo	$95,000	$68	78
513 Leisure Cir	0.08mi	3/2.0	1,440 (+7%)	11mo	$58,000	$40	75
600 Leisure Cir	0.07mi	3/2.0	1,440 (+7%)	19mo	$68,500	$48	69
1212 S Evans St	0.36mi	3/2.0	1,296 (-4%)	23mo	$304,784	$235	58
1504 S Evans St	0.51mi	2/2.0 (-1)	1,142 (-15%)	10mo	$175,000	$153	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 · 4.35% rent growth · sell at horizon

5-year hold

• IRR: 78.3%
• Equity multiple: 4.65×
• Total profit: $53,634
• Equity at exit: $7,828

10-year hold

• IRR: 82.2%
• Equity multiple: 10.06×
• Total profit: $133,207
• Equity at exit: $4,539

Cash invested: $14,700 (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 98520

• Rents YoY: 4.3%
• Active inventory: 257
• Price-to-rent: 2.7×

Monthly cashflow live

• Estimated rent: $1,606 high
• Mortgage (P&I): −$275
• Tax from tax record: −$31 /mo · $371/yr
• Insurance: −$22
• HOA: −$0
• Vacancy / Maint / Mgmt: −$337
• Net cashflow: $941

Break-even live

Break-even rent $415

Max offer price $52,500

Occupancy floor 36%

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: $13,125
• Closing costs: $1,575
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
100 W Curtis St Aberdeen, WA	2.0	2.0	900	$1,500	$1.67	43d	1	0.58mi
1731 S Boone St Unit 303 Aberdeen, WA	2.0	1.0	1100	$1,250	$1.14	43d	1	0.85mi
810 Dewitt Dr Unit 810 Cosmopolis, WA	3.0	1.0	1656	$1,895	$1.14	43d	1	1.28mi
908 E 1st St Aberdeen, WA	3.0	1.0	1608	$2,100	$1.31	43d	1	1.34mi
109 S Park St Apt 2 Aberdeen, WA	3.0	1.0	950	$1,450	$1.53	43d	1	1.48mi

Listing history 26 events

1. 2026-06-19
   days on market $52,500 Active 72 DOM
2. 2026-06-18
   days on market $52,500 Active 71 DOM
3. 2026-06-17
   days on market $52,500 Active 70 DOM
4. 2026-06-16
   days on market $52,500 Active 69 DOM
5. 2026-06-15
   days on market $52,500 Active 68 DOM
6. 2026-06-14
   days on market $52,500 Active 66 DOM
7. 2026-06-12
   days on market $52,500 Active 65 DOM
8. 2026-06-09
   days on market $52,500 Active 62 DOM
9. 2026-06-09
   price $52,500 Active 61 DOM
10. 2026-06-08
    days on market $59,500 Active 61 DOM
11. 2026-06-07
    days on market $59,500 Active 60 DOM
12. 2026-06-03
    days on market $59,500 Active 56 DOM
13. 2026-06-02
    days on market $59,500 Active 55 DOM
14. 2026-06-01
    days on market $59,500 Active 54 DOM
15. 2026-05-31
    days on market $59,500 Active 53 DOM
16. 2026-05-30
    days on market $59,500 Active 52 DOM
17. 2026-05-08
    price $59,500
18. 2026-04-08
    listed $64,500 Active
19. 2015-10-07
    historical
20. 2015-10-06
    soldstatus $13,000 Sold
21. 2015-09-18
    status Pending
22. 2015-08-20
    listed $13,500 Active
23. 2012-05-07
    historical
24. 2012-05-07
    soldstatus $19,900 Sold
25. 2012-04-23
    status Pending
26. 2012-04-09
    listed $19,900 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: $371 · $31/mo
• Projected year-2 tax: $514 · $43/mo
• Expected delta: +$144/yr (+$12/mo · 38.7%)

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

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X · 22% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 1/10 Low 8 d/yr ≥78°F today · 18 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 6/10 Major 7 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,276
• − Mortgage interest: −$2,941
• − Property taxes: −$371
• − Insurance: −$262
• − Repairs & maintenance: −$1,542
• − Management: −$1,542
• − Depreciation: −$1,527
• Taxable income: $11,090
• Est. tax owed @ 24.0%: −$2,662
• After-tax cash flow: $8,629/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: Aberdeen School District
• NCES district ID: 5300030
• Math proficiency: 35% ▼ -1.00%
• Reading proficiency: 45% ▬ 0.00%
• Median HH income: $41,896
• Composite: 36.13/100
• National rank: #9477
• State rank: #222 of 291 in WA

Livability — Aberdeen

• Score: 81/100
• State rank: #73
• US rank: #1320

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Aberdeen, WA
• County: Grays Harbor County · 44,693 people
• City population: 24,888
• Metro: Aberdeen, WA
• Population (ZIP): 24,888
• Household income: $58,153
• Rent vs Own: 35.4% rent · 64.6% own
• Severe rent burden: 635.0

Population outlook (Grays Harbor County) Hauer SSP2

• Today (2025): 66,443 people
• By 2030: 63,255 · -4.8%
• By 2040: 56,466 · -15.0%
• By 2050: 50,516 · -24.0%
• By 2075: 39,296 · -40.9%
• By 2100: 31,142 · -53.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (70%)
• Race & ethnicity: White 70% Hispanic / Latino 16% Two or more races 9% Black 4% Native American 3% Asian 1% Pacific Islander 1%
• Hispanic origin (detail): Mexican 11%
• Common ancestry: Portuguese 4% Italian 3% Lithuanian 2%
• Foreign-born: 7% · Canada
• Languages at home: 87% English-only · Spanish 10% Other Asian/Pacific 1% German/W. Germanic 1%

Political lean MEDSL · Grays Harbor

• 2024 margin: Lean R (+6.0) · D 45.6% · R 51.6% · Other 2.8%
• 2008→2024 swing: -20.6pp toward R · 2008: 14.6pp · 2024: -6.0pp
• All cycles: 2024: R+6.0 2020: R+6.6 2016: R+7.1 2012: D+14.0 2008: D+14.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -138.75%
• Current HPI: 207.7393
• Rent YoY: ▲ 4.35%
• Metro: Aberdeen, 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

+199.0% since first listed

10 events — show timeline

• 2026-05-08 Price Changed $59,500 NWMLS as Distributed by MLS Grid
• 2026-04-08 Listed $64,500 NWMLS as Distributed by MLS Grid
• 2015-10-07 Delisted — NWMLS as Distributed by MLS Grid
• 2015-10-06 Sold (MLS) $13,000 NWMLS as Distributed by MLS Grid
• 2015-09-18 Pending — NWMLS as Distributed by MLS Grid
• 2015-08-20 Listed $13,500 NWMLS as Distributed by MLS Grid
• 2012-05-07 Delisted — NWMLS as Distributed by MLS Grid
• 2012-05-07 Sold (MLS) $19,900 NWMLS as Distributed by MLS Grid
• 2012-04-23 Pending — NWMLS as Distributed by MLS Grid
• 2012-04-09 Listed $19,900 NWMLS as Distributed by MLS Grid

Property tax history

+8.8%/yr

Latest (2026): $371 · +86.9% YoY. Source: county tax records.