4451 W Seltice Way Trlr 14 · Coeur d'Alene, ID 83814

$92,000

2 bd · 1.5 ba · 1,015 sqft · Manufactured · 8 Days on market

Built 1994

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.2/10.0
• Rent growth +3.1/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This quiet setting, manufactured home offers an open floor plan w/ a sliding glass door to the back patio, sits on a corner lot w/kennel for animals and a storage shed. With an unbelievable master suite with jetted tub, double sinks & shower. Home comes with 1 year warranty.

Key facts

• Upgraded lighting
• Upgraded sinks
• Private corner lot

Tags

• PRIVATE CORNER LOT
• TWO SHEDS
• FRIGIDAIRE CONVECTION STOVE
• UPGRADED SINKS
• UPGRADED LIGHTING
• UPGRADED DOOR HARDWARE

Property features AI

Finance

• HOA & community: Association handles snow removal

Exterior

• Parking: Private maintained paved road access
• Utilities: Community water; Community sewer; Cable TV available
• Home design: Mobile home; Entry on main level
• Construction: T1-11 siding; Metal roof; Pillar/post/pier foundation; Built as a mobile home
• Exterior features: Covered porch; Covered deck; Rain gutters; Lawn; Corner lot; Wooded lot; Has a view

Interior

• Kitchen: Gas range; Dishwasher; Disposal; Refrigerator
• Bedrooms: 2 main-level bedrooms
• Flooring: Laminate; LVP; Vinyl; Carpet
• Bathrooms: 3 main-level bathrooms
• Heating & cooling: Natural gas and electric heating; Forced air; Gas stove heat option; Furnace
• Interior features: Fireplace (gas); High-speed internet; Jetted tub; Washer hookup
• Laundry & utility: Washer; Electric dryer; Electric dryer hookup; Electric water heater

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath manufactured listed at $92k.

Deal economics

• At list price, monthly cash flow is $850 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $92k).
• Cap rate 17.4% vs local median 2.2% in Coeur d'Alene — 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: area grade B — affects rentability + tenant quality, not the cash-flow math above.
• Post Falls District (suburban): math 43% / reading 56% proficiency, ranked #31 of 92 in ID (top 34%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+2.4%/yr); 532 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals leasing fast (median 14d on market — plan ~1-2 weeks tenant-placement turnaround); 1,606 units permitted in Kootenai County in 2024 (154 in 5+ unit buildings).
• This rent runs 30% of the median local income ($75k/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 $636 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Kootenai County population projected at +33% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 2.4% rent growth), your $26k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 18y ago; this cycle's ask has dropped $33k (26%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $92,000

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: 2.04% ✓
• Cap rate: 17.39%
• Cash-on-cash: 39.62%
• DSCR: 2.76
• GRM: 4.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.36% rent growth · sell at horizon

5-year hold

• IRR: 35.2%
• Equity multiple: 2.48×
• Total profit: $38,082
• Equity at exit: $13,717

10-year hold

• IRR: 41.7%
• Equity multiple: 4.81×
• Total profit: $98,147
• Equity at exit: $7,954

Cash invested: $25,760 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 91 Strongly Landlord-Friendly
• State Idaho: 91 Strongly Landlord-Friendly · R+18
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempted; minimal tenant protections.

Methodology + full state rankings →

ZIP-level market 83814

• Rents YoY: 2.4%
• Active inventory: 532
• Price-to-rent: 4.1×

Monthly cashflow live

• Estimated rent: $1,881 high
• Mortgage (P&I): −$482
• Tax est. 1.5%: −$115 /mo · $1,380/yr
• Insurance: −$38
• HOA: −$0
• Vacancy / Maint / Mgmt: −$395
• Net cashflow: $850

Break-even live

Break-even rent $805

Max offer price $92,000

Occupancy floor 50%

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: $23,000
• Closing costs: $2,760
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4295 Saw Blade Ln Coeur d'Alene, ID	1.0–2.0	1.0–2.0	898	$1,795	$2.00	13d	6	0.54mi
4034 Idewild Loop Coeur D Alene, ID	1.0–3.0	1.0–2.0	947	$1,525	$1.61	13d	12	0.78mi
3404 W Seltice Way Coeur d'Alene, ID	1.0–3.0	1.0–2.0	1125	$1,885	$1.67	21d	72	1.04mi
3193 N Atlas Rd Fernan Lake Village, ID	1.0–2.0	1.0–2.0	803	$2,880	$3.59	13d	16	1.21mi
3293 N Ladalia Dr Coeur D Alene, ID	2.0	2.0	1100	$2,450	$2.23	13d	1	1.30mi

Listing history 19 events

1. 2026-06-19
   days on market $92,000 Active 8 DOM
2. 2026-06-18
   days on market $92,000 Active 7 DOM
3. 2026-06-17
   days on market $92,000 Active 6 DOM
4. 2026-06-16
   days on market $92,000 Active 5 DOM
5. 2026-06-15
   days on market $92,000 Active 4 DOM
6. 2026-06-14
   days on market $92,000 Active 2 DOM
7. 2026-06-13
   pricedays on marketlisting id $92,000 Active 1 DOM
8. 2026-06-09
   days on market $125,000 Active 102 DOM
9. 2026-06-08
   days on market $125,000 Active 101 DOM
10. 2026-06-07
    days on market $125,000 Active 100 DOM
11. 2026-06-03
    days on market $125,000 Active 96 DOM
12. 2026-06-02
    days on market $125,000 Active 95 DOM
13. 2026-06-01
    days on market $125,000 Active 94 DOM
14. 2026-05-31
    days on market $125,000 Active 93 DOM
15. 2026-05-30
    days on market $125,000 Active 92 DOM
16. 2026-02-27
    listed $125,000 Active
17. 2022-07-08
    listed $145,000 Active
18. 2008-09-09
    soldstatus 279-char remark

    Show marketing remark (279 chars)

    This quiet setting, manufactured home offers an open floor plan w/ a sliding glass door to the back patio, sits on a corner lot w/kennel for animals and a storage shed. With an unbelievable master suite with jetted tub, double sinks & shower. Home comes with 1 year warranty.

19. 2008-07-18
    listed $25,500 279-char remark

    Show marketing remark (279 chars)

    This quiet setting, manufactured home offers an open floor plan w/ a sliding glass door to the back patio, sits on a corner lot w/kennel for animals and a storage shed. With an unbelievable master suite with jetted tub, double sinks & shower. Home comes with 1 year warranty.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $22,576
• − Mortgage interest: −$5,153
• − Property taxes: −$1,380
• − Insurance: −$460
• − Repairs & maintenance: −$1,806
• − Management: −$1,806
• − Depreciation: −$2,676
• Taxable income: $9,294
• Est. tax owed @ 24.0%: −$2,231
• After-tax cash flow: $7,975/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: Post Falls District
• NCES district ID: 1602670
• Math proficiency: 43% ▼ -5.00%
• Reading proficiency: 56% ▬ 0.00%
• Median HH income: $49,504
• Composite: 42.27/100
• National rank: #3268
• State rank: #31 of 92 in ID

Livability — Coeur d'Alene

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• County: Kootenai County · 146,553 people
• City population: 67,464
• Metro: Coeur d'Alene, ID
• Population (ZIP): 26,059
• Household income: $74,782
• Rent vs Own: 39.2% rent · 60.8% own
• Severe rent burden: 1219.0

Population outlook (Kootenai County) Hauer SSP2

• Today (2025): 177,692 people
• By 2030: 190,689 · +7.3%
• By 2040: 214,704 · +20.8%
• By 2050: 236,510 · +33.1%
• By 2075: 285,984 · +60.9%
• By 2100: 316,459 · +78.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (87%)
• Race & ethnicity: White 87% Two or more races 8% Hispanic / Latino 5%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Portuguese 6% Slovak 4% Lithuanian 4%
• Foreign-born: 3% · Canada
• Languages at home: 96% English-only · Spanish 2% Other Asian/Pacific 1%

Political lean MEDSL · Kootenai

• 2024 margin: Solid R (+51.9) · D 22.9% · R 74.8% · Other 2.2%
• 2008→2024 swing: -25.6pp toward R · 2008: -26.3pp · 2024: -51.9pp
• All cycles: 2024: R+51.9 2020: R+42.9 2016: R+42.5 2012: R+34.3 2008: R+26.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -362.24%
• Current HPI: 270.5318
• Rent YoY: ▲ 2.36%
• Metro: Coeur d'Alene, ID
• State GDP YoY: ▲ 4.51%
• F500 in state: 6

Industry mix (Fortune 500 HQ in ID)

Industry	F500 HQs	Revenue
▸Retail	1	$79B
▸Technology	1	$25B
▸Food / Agriculture	1	$6B

Price history

+390.2% since first listed

4 events — show timeline

• 2026-02-27 Listed $125,000 CDAMLS
• 2022-07-08 Listed $145,000 CDAMLS
• 2008-09-09 Sold (MLS) — CDAMLS
• 2008-07-18 Listed $25,500 CDAMLS