214 Carswell Dr · Moses Lake North, WA 98837

$159,900

3 bd · 2.0 ba · 1,161 sqft · SingleFamily public records · 2 Days on market

Built 1961 7,289 sqft lot Est $233k · 31% under

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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 +20.9/30.0
• ARV discount +15.0/15.0
• DSCR +6.7/10.0
• 1% rule +5.3/10.0
• Schools +3.9/10.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Rent growth +2.1/5.0
• Appreciation +0.0/10.0

Listing remarks

Affordable opportunity in the heart of Moses Lake! This bank-owned 3-bedroom, 1-bath home offers a solid foundation and plenty of potential for buyers looking to build equity through cosmetic updates and personal improvements. With good bones, a functional floor plan, and desirable features already in place, this property is ready for its next chapter. The home features a spacious living area, three comfortable bedrooms, 1 full bathroom, 1 half bathroom and an attached garage for convenient parking and storage. Step outside to enjoy the covered rear patio, providing a great space for outdoor relaxation, entertaining, or future backyard enhancements. Whether you're a first-time buyer looking

Key facts

• Covered rear patio
• Solid foundation
• 7,289 sq ft lot

Tags

• SOLID FOUNDATION
• FUNCTIONAL FLOOR PLAN
• COVERED REAR PATIO

Property features AI

Finance

• Other: Lot approx. 0.1673 acres; Lot features indicate lot number 206
• Financial info: Listing terms: Cash, Conventional, Rehab Loan

Exterior

• Parking: Attached garage; Driveway; Off-street parking; Covered parking for 1 vehicle
• Security: Partially fenced; Security gate
• Utilities: Electric energy source; Public water (City of Moses Lake); Sewer connected (City of Moses Lake); Power provided by Grant County PUD; Electric water heater
• Home design: Single-family residence; One-story house; Main-level entry; Built on lot; Fixer condition; Facing direction not specified
• Construction: Built in 1970 (effective year); Wood construction; Composition roof; Poured concrete and slab foundation
• Exterior features: Wood products exterior; Partially fenced; Patio; Cable TV available; High-speed internet available; Curbs and paved streets; Level topography

Interior

• Kitchen: Stove/Range; Microwave; Refrigerator; See remarks (additional appliance/details)
• Bedrooms: 3 bedrooms (all on the main level)
• Flooring: Laminate
• Bathrooms: 1 full bathroom; 1 half bathroom; Main level has 1 full and 1 half bath; 1 bathtub; 1 shower
• Heating & cooling: Baseboard heating; No cooling
• Interior features: Ceiling fan(s); Water heater; Has view
• Laundry & utility: Washer; Dryer; Water heater located in laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $160k.

Deal economics

• At list price, monthly cash flow is $224 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $160k).
• Cap rate 8.0% vs local median 2.2% in Moses Lake North — 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 65/100 on livability (#351 in WA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime C-, schools F, amenities F.
• Moses Lake School District (town): math 38% / reading 48% proficiency, ranked #198 of 291 in WA (top 68%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents soft (-1.7%/yr); 585 active listings in the ZIP; 12 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; 559 units permitted in Grant County in 2024 (35 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.
• Grant County population projected at +16% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 19y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Recommended offer $159,900

Questions for the listing agent

1. Built in 1961 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. 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.
5. 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.
6. 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: 1.03% ✓
• Cap rate: 7.97%
• Cash-on-cash: 6.00%
• DSCR: 1.27
• GRM: 8.1

CMA / ARV

• ARV (on-the-fly): $233,361
• Comps found: 8

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
167 Carswell Dr	0.10mi	3/1.5	1,161 (0%)	9mo	$245,000	$211	86
313 Offutt Dr NE	0.21mi	3/1.5	1,172 (+1%)	13mo	$235,000	$201	76
8910 Travis Dr Unit B	0.49mi	3/1.0	1,144 (-2%)	4mo	$230,000	$201	68
438 Biggs Dr	0.34mi	3/1.5	1,220 (+5%)	8mo	$215,000	$176	67
149 Carswell Dr	0.21mi	2/1.5 (-1)	1,185 (+2%)	23mo	$235,000	$198	60
417 Loring Dr	0.34mi	3/1.5	1,194 (+3%)	21mo	$129,000	$108	60
7711 NE McDougal Ave	0.32mi	3/2.0	1,280 (+10%)	15mo	$340,000	$266	56
1216 Arlington Dr	0.69mi	3/1.0	1,064 (-8%)	21mo	$232,700	$219	32

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: -10.4%
• Equity multiple: 0.63×
• Total profit: $-16,496
• Equity at exit: $23,842

10-year hold

• IRR: -5.9%
• Equity multiple: 0.67×
• Total profit: $-14,700
• Equity at exit: $13,825

Cash invested: $44,772 (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 98837

• Rents YoY: -1.7%
• Active inventory: 585
• Price-to-rent: 8.1×

Monthly cashflow live

• Estimated rent: $1,654 high
• Mortgage (P&I): −$839
• Tax from tax record: −$178 /mo · $2,131/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$347
• Net cashflow: $224

Break-even live

Break-even rent $1,371

Max offer price $159,900

Occupancy floor 81%

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: $39,975
• Closing costs: $4,797
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
205 March Dr NE Unit Labs Moses Lake, WA	3.0	1.5	1440	$1,750	$1.22	43d	1	0.15mi
207 March Dr NE Moses Lake, WA	3.0	1.5	1220	$1,850	$1.52	43d	1	0.16mi
8915 Travis Dr Unit B Moses Lake, WA	3.0	1.0	1144	$1,100	$0.96	43d	1	0.39mi
1232 Vandenburg Ave Moses Lake, WA	2.0	1.0	960	$1,250	$1.30	43d	1	0.41mi
7560 McDougal Ave NE Unit C Moses Lake, WA	2.0	2.0	1360	$1,950	$1.43	43d	1	0.47mi
4727 Owens Rd NE #24 Moses Lake, WA	2.0	1.0	900	$1,200	$1.33	43d	1	0.79mi
1422 E Craig St Moses Lake, WA	2.0–4.0	1.0–2.0	980	$1,138	$1.16	44d	1	1.20mi
1118 W Sequoia Rd Moses Lake, WA	3.0	2.0	1235	$2,000	$1.62	43d	1	1.34mi
6379 Arnold Dr Apt 17 Moses Lake, WA	2.0	1.0	760	$808	$1.06	43d	1	1.35mi
6379 Arnold Dr Unit 11 Moses Lake, WA	2.0	1.0	760	$1,040	$1.37	43d	1	1.35mi
6379 Arnold Dr Unit 15 Moses Lake, WA	2.0	1.0	760	$988	$1.30	43d	1	1.35mi
1013 W Maple Dr Moses Lake, WA	3.0	2.0	1450	$1,875	$1.29	43d	1	1.38mi

Listing history 3 events

1. 2026-06-19
   days on market $159,900 Active 2 DOM
2. 2026-06-18
   remarks 699-char remark
3. 2026-06-18
   listed $159,900 Active 1 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: $2,131 · $178/mo
• Projected year-2 tax: $2,131 · $178/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 4/10 Moderate 7 d/yr ≥96°F today · 14 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 9/10 Extreme 18 unhealthy d/yr today · 18 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,845
• − Mortgage interest: −$8,957
• − Property taxes: −$2,131
• − Insurance: −$800
• − Repairs & maintenance: −$1,588
• − Management: −$1,588
• − Depreciation: −$4,652
• Taxable income: $131
• Est. tax owed @ 24.0%: −$31
• After-tax cash flow: $2,653/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: Moses Lake School District
• NCES district ID: 5305220
• Math proficiency: 38% ▬ 0.00%
• Reading proficiency: 48% ▼ -1.00%
• Median HH income: $49,033
• Composite: 39.17/100
• National rank: #8232
• State rank: #198 of 291 in WA

Livability — Moses Lake North

• Score: 65/100
• State rank: #351
• US rank: #13402

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Moses Lake North, WA
• County: Grant County · 61,643 people
• Metro: Moses Lake, WA
• Population (ZIP): 49,455
• Household income: $74,586
• Rent vs Own: 33.4% rent · 66.6% own
• Severe rent burden: 1064.0

Population outlook (Grant County) Hauer SSP2

• Today (2025): 99,356 people
• By 2030: 102,107 · +2.8%
• By 2040: 108,318 · +9.0%
• By 2050: 114,712 · +15.5%
• By 2075: 131,376 · +32.2%
• By 2100: 146,163 · +47.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.55)
• Race & ethnicity: White 58% Hispanic / Latino 33% Two or more races 15% Black 2% Asian 1%
• Hispanic origin (detail): Mexican 30%
• Common ancestry: Portuguese 3% Subsaharan African 2% Lithuanian 2%
• Foreign-born: 10% · Canada
• Languages at home: 76% English-only · Spanish 21% Russian/Polish/Slavic 2%

Political lean MEDSL · Grant

• 2024 margin: Solid R (+37.5) · D 30.0% · R 67.4% · Other 2.6%
• 2008→2024 swing: -9.9pp toward R · 2008: -27.5pp · 2024: -37.5pp
• All cycles: 2024: R+37.5 2020: R+34.4 2016: R+37.9 2012: R+32.6 2008: R+27.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -384.29%
• Current HPI: 208.4574
• Rent YoY: ▼ -1.72%
• Metro: Moses Lake, 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

+524.6% since first listed

13 events — show timeline

• 2026-06-17 Listed $159,900 NWMLS as Distributed by MLS Grid
• 2021-04-11 Sold (MLS) $175,000 NWMLS as Distributed by MLS Grid
• 2021-01-14 Pending — NWMLS as Distributed by MLS Grid
• 2021-01-08 Pending — NWMLS as Distributed by MLS Grid
• 2021-01-03 Price Changed $175,000 NWMLS as Distributed by MLS Grid
• 2020-12-14 Listed $178,000 NWMLS as Distributed by MLS Grid
• 2007-11-07 Sold (Public Records) $76,000 Public Records
• 2007-11-07 Sold (MLS) $76,000 NWMLS as Distributed by MLS Grid
• 2007-10-18 Delisted — NWMLS as Distributed by MLS Grid
• 2007-07-09 Listed $84,500 NWMLS as Distributed by MLS Grid
• 1997-03-12 Sold (Public Records) $69,000 Public Records
• 1994-05-18 Sold (Public Records) $70,000 Public Records
• 1982-11-01 Sold (Public Records) $25,600 Public Records

Property tax history

+6.2%/yr

Latest (2026): $2,131 · +0.0% YoY. Source: county tax records.