45 Clark Rd · Klickitat, WA 98635

$310,000

3 bd · 1.0 ba · 1,232 sqft · SingleFamily public records · 13 Days on market

Built 2007 20 ac lot $252/sqft · 20% below area Est $350k · 12% 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 +20.6/30.0
• ARV discount +12.7/15.0
• DSCR +6.6/10.0
• 1% rule +4.8/10.0
• Schools +3.0/10.0
• Livability +2.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Tucked away on a private road, this peaceful country retreat offers the kind of quiet that’s hard to find—where meadowlarks sing and wildlife roams freely across rolling meadows dotted with seasonal wildflowers. Framed by stunning views of Mt. Adams, the setting is both serene and inspiring, with wide-open skies and a true sense of privacy. The property features a charming stick-built cabin with two bedrooms, a full bath, and a spacious loft perfect for additional sleeping or a relaxed hangout area. Warm and inviting, the cabin blends comfort with rustic appeal. A separate, oversized garage of 625 sqft provides ample space for RV parking and includes a full bathroom (not currently connected), along with a versatile room of 200 sqft, ideal for recreation, hobbies, or extra storage. Both the cabin and garage are topped with durable metal roofs, offering added peace of mind and fire resistance. Whether you’re seeking a quiet getaway, a full-time rural lifestyle, or a place to unwind in nature, this property delivers a rare combination of beauty, functionality, and seclusion. Well worth walking the land, the upper acreage away from the road is amazing. Seller will consider a seller carried contract.

Key facts

• Private road
• Spacious loft
• Rolling meadows

Tags

• PRIVATE ROAD
• STUNNING VIEWS OF MT ADAMS
• ROLLING MEADOWS
• CHARMING STICK BUILT CABIN
• SPACIOUS LOFT
• OVERSIZED GARAGE

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $310k.

Deal economics

• At list price, monthly cash flow is $416 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $305k (1.5% below list).
• Recommended offer: $305k (1.5% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 58/100 on livability (#498 in WA) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: schools C-, health & safety C-, crime F.
• Lyle School District (rural): math 30% / reading 35% proficiency, ranked #261 of 291 in WA (top 90%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 63% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 55 active listings in the ZIP; 80 units permitted in Klickitat County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k of value loss. Plan a longer hold.
• Klickitat County population projected at +6% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• Only 13 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Climate carrying-cost: severe wildfire risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $305,277 (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. Crime grade is F 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?
3. 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.
4. 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.
5. 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: 0.98% ✗
• Cap rate: 7.90%
• Cash-on-cash: 5.76%
• DSCR: 1.26
• GRM: 8.5

CMA / ARV

• ARV (median comp): $350,394
• List price: $310,000
• Delta: -11.53%
• Verdict: UNDERPRICED
• Comps: 2 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -7.4%
• Equity multiple: 0.73×
• Total profit: $-23,760
• Equity at exit: $46,222

10-year hold

• IRR: 2.1%
• Equity multiple: 1.15×
• Total profit: $13,276
• Equity at exit: $26,803

Cash invested: $86,800 (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 98635

• Home prices YoY: -24.4%
• Active inventory: 55
• Price-to-rent: 8.5×

Monthly cashflow live

• Estimated rent: $3,053 medium
• Mortgage (P&I): −$1,626
• Tax from tax record: −$241 /mo · $2,886/yr
• Insurance: −$129
• HOA: −$0
• Vacancy / Maint / Mgmt: −$641
• Net cashflow: $416

Break-even live

Break-even rent $2,526

Max offer price $310,000

Occupancy floor 81%

Sensitivity live

Price	-10% $592	-5% $504	+0% $416	+5% $329	+10% $241
Rent	-10% $175	-5% $296	+0% $416	+5% $537	+10% $658
Rate	-1.0pp $572	-0.5pp $495	base $416	+0.5pp $336	+1.0pp $254

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: $77,500
• Closing costs: $9,300
• Reserves months: —
• Total cash needed: —

Listing history 2 events

1. 2026-05-05
   status Pending 1232-char remark

   Show marketing remark (1232 chars)

   Tucked away on a private road, this peaceful country retreat offers the kind of quiet that’s hard to find—where meadowlarks sing and wildlife roams freely across rolling meadows dotted with seasonal wildflowers. Framed by stunning views of Mt. Adams, the setting is both serene and inspiring, with wide-open skies and a true sense of privacy. The property features a charming stick-built cabin with two bedrooms, a full bath, and a spacious loft perfect for additional sleeping or a relaxed hangout area. Warm and inviting, the cabin blends comfort with rustic appeal. A separate, oversized garage of 625 sqft provides ample space for RV parking and includes a full bathroom (not currently connected), along with a versatile room of 200 sqft, ideal for recreation, hobbies, or extra storage. Both the cabin and garage are topped with durable metal roofs, offering added peace of mind and fire resistance. Whether you’re seeking a quiet getaway, a full-time rural lifestyle, or a place to unwind in nature, this property delivers a rare combination of beauty, functionality, and seclusion. Well worth walking the land, the upper acreage away from the road is amazing. Seller will consider a seller carried contract.

2. 2026-04-22
   listed $310,000 Active 1232-char remark

   Show marketing remark (1232 chars)

   Tucked away on a private road, this peaceful country retreat offers the kind of quiet that’s hard to find—where meadowlarks sing and wildlife roams freely across rolling meadows dotted with seasonal wildflowers. Framed by stunning views of Mt. Adams, the setting is both serene and inspiring, with wide-open skies and a true sense of privacy. The property features a charming stick-built cabin with two bedrooms, a full bath, and a spacious loft perfect for additional sleeping or a relaxed hangout area. Warm and inviting, the cabin blends comfort with rustic appeal. A separate, oversized garage of 625 sqft provides ample space for RV parking and includes a full bathroom (not currently connected), along with a versatile room of 200 sqft, ideal for recreation, hobbies, or extra storage. Both the cabin and garage are topped with durable metal roofs, offering added peace of mind and fire resistance. Whether you’re seeking a quiet getaway, a full-time rural lifestyle, or a place to unwind in nature, this property delivers a rare combination of beauty, functionality, and seclusion. Well worth walking the land, the upper acreage away from the road is amazing. Seller will consider a seller carried contract.

ⓘ 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: $2,886 · $241/mo
• Projected year-2 tax: $3,038 · $253/mo
• Expected delta: +$152/yr (+$13/mo · 5.3%)

ⓘ 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 · 0% chance over 30 yrs
• 🔥 Wildfire 10/10 Extreme
• 🌡 Heat 2/10 Low 7 d/yr ≥90°F today · 15 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 8/10 Severe 10 unhealthy d/yr today · 11 by 30 yrs out

Taxation est. · year 1

• Rental income: $36,633
• − Mortgage interest: −$17,365
• − Property taxes: −$2,886
• − Insurance: −$1,550
• − Repairs & maintenance: −$2,931
• − Management: −$2,931
• − Depreciation: −$9,018
• Taxable loss: −$47
• Est. tax savings @ 24.0%: +$11
• After-tax cash flow: $5,007/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: Lyle School District
• NCES district ID: 5304590
• Math proficiency: 30% ▬ 0.00%
• Reading proficiency: 35% ▼ -5.00%
• Median HH income: $44,641
• Composite: 30.49/100
• National rank: #11492
• State rank: #261 of 291 in WA

Livability — Klickitat

• Score: 58/100
• State rank: #498
• US rank: #20659

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 2,033

Population outlook (Klickitat County) Hauer SSP2

• Today (2025): 22,337 people
• By 2030: 22,829 · +2.2%
• By 2040: 23,382 · +4.7%
• By 2050: 23,654 · +5.9%
• By 2075: 24,266 · +8.6%
• By 2100: 23,782 · +6.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (93%)
• Race & ethnicity: White 93% Two or more races 5% Hispanic / Latino 2% Black 2%
• Common ancestry: Portuguese 7% Italian 6% Romanian 3%
• Foreign-born: 3% · Canada
• Languages at home: 97% English-only · French/Haitian/Cajun 2% German/W. Germanic 1%

Political lean MEDSL · Klickitat

• 2024 margin: Lean R (+9.3) · D 43.7% · R 53.1% · Other 3.2%
• 2008→2024 swing: -9.5pp toward R · 2008: 0.2pp · 2024: -9.3pp
• All cycles: 2024: R+9.3 2020: R+9.4 2016: R+16.3 2012: R+7.8 2008: D+0.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -81.22%
• Current HPI: 251.2278
• Rent YoY: —
• Metro: —
• 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

2 events — show timeline

• 2026-05-05 Pending — RMLS
• 2026-04-22 Listed $310,000 RMLS

Property tax history

+6.2%/yr

Latest (2026): $2,886 · +38.9% YoY. Source: county tax records.