525 S Quillan Ct · Kennewick, WA 99337

$1,995

3 bd · 2.5 ba · 1,560 sqft · Townhouse public records · 49 Days on market

Built 2021 2,613 sqft lot $1/sqft · 99% below area

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Why this score? — see what drove the D+ 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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Schools +4.6/10.0
• Livability +3.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

We do not accept 3rd party applications or viewing requests. 3 Bedrooms, 2.5 Bath 1560 sqft Townhome in Kennewick This well maintained 3-bedroom, 2.5-bathroom home offers 1,560 square feet of thoughtfully designed living space with modern finishes throughout. The interior features durable hard-surface flooring, creating a clean and contemporary feel that is both stylish and easy to maintain. The kitchen is equipped with stainless steel appliances, elegant stone countertops, a convenient pantry, and an eat-at bar. The open layout flows seamlessly into the living and dining areas, maximizing both space and functionality. A half bathroom on the main floor adds extra convenience for guests. Upstairs, the spacious bedrooms provide comfortable retreats, including a primary suite with a walk-in closet. An upstairs laundry room are included for added ease and practicality. Outside, the property continues to impress with an attached one-car garage, a private back patio, and a fully fenced yard. The low-maintenance landscaping features astroturf and garden beds. Interior: * 3 Bedrooms * 2.5 Bathrooms * 1560 SqFt * Hard Surface Flooring * Stainless steel appliances * Stone Countertops * Tile Backsplash * Dishwasher * Built-in Microwave * Pantry * Eat-at Island * Walk-in Closet * Half Bath on Main Floor * Washer/Dryer Provided Exterior: * Attached 1-Car Garage * Back Patio * Fully Fenced Yard * Astroturf Additional Information: * 12 Month Lease Term * No Pets Deposit & Fees Include: $1,506 Refundable Deposit $299 Non-Refundable Admin Fee $190 Non-Refundable Carpet Care Fee (Assessed at Move out) Please Note: Availability, rates, and details are subject to change This property is professionally managed by Kenmore Team Property Management We are an equal housing opportunity provider. Rental Terms Rent: $1,995 Application Fee: $49 Security Deposit: $1,995 Available Now Pet Policy Cats not allowed Dogs not allowed Amenities HOA Front Landscaping provided Appliances Refrigerator Range Microwave Dishwasher Washer and Dryer

Key facts

• 2 garage spots
• Built 2021
• Listed 48 days

🏷️ Possibly a rental listed for sale. The $1,995 price doesn't fit this home's estimated sale value (~$318,049) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath townhouse listed at $2k.

Deal economics

• At list price, monthly cash flow is $2k ($19k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $2k).
• Recommended offer: $2k (3.0% below list) — sets the bar for market timing.
• Cap rate 937.0% vs local median 3.3% in Kennewick — 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 78/100 on livability (#131 in WA, #2,599 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, housing A+, health & safety A; Watch: schools D+, amenities D+, crime F.
• Kennewick School District (urban): math 43% / reading 58% proficiency, ranked #141 of 291 in WA (top 48%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 246 active listings in the ZIP; 32 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 1,532 units permitted in Benton County in 2024 (389 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $14 of loan paydown is wiped out by about $60 of value loss. Plan a longer hold.
• Benton County population projected at +32% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $559 cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 49 days — a 3% lower offer ($2k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 5y 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.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $1,935 (3.0% below list)

Questions for the listing agent

1. It's been on market 49 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 99.05% ✓
• Cap rate: 937.02%
• Cash-on-cash: 3324.04%
• DSCR: 148.90
• GRM: 0.1

CMA / ARV

• ARV (median comp): $318,049
• List price: $1,995
• Delta: -99.37%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3934 W 5th Pl	0.03mi	3/2.5	1,560 (0%)	19mo	$337,000	$216	82
927 S Keller St	0.39mi	3/2.5	1,576 (+1%)	15mo	$335,000	$213	68
4215 W 2nd Ave	0.37mi	3/2.0	1,348 (-14%)	8mo	$306,000	$227	52

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 176.90×
• Total profit: $98,257
• Equity at exit: $297

10-year hold

• IRR: —
• Equity multiple: 381.56×
• Total profit: $212,582
• Equity at exit: $172

Cash invested: $559 (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 99337

• Active inventory: 246
• Price-to-rent: 0.1×

Monthly cashflow live

• Estimated rent: $1,976 high
• Mortgage (P&I): −$10
• Tax est. 1.5%: −$2 /mo · $30/yr
• Insurance: −$1
• HOA: −$0
• Vacancy / Maint / Mgmt: −$415
• Net cashflow: $1,547

Break-even live

Break-even rent $17

Max offer price $1,995

Occupancy floor 17%

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: $499
• Closing costs: $60
• Reserves months: —
• Total cash needed: —

Rent comps 32 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3887 W 7th Ave Unit B-230 Kennewick, WA	3.0	2.0	1262	$1,850	$1.47	20d	1	0.14mi
400 S Morain St #7 Kennewick, WA	3.0	2.5	1100	$1,500	$1.36	20d	1	0.24mi
3426 W 7th Ave Unit D Kennewick, WA	3.0	2.0	1517	$2,000	$1.32	44d	1	0.28mi
717 S Union St Kennewick, WA	3.0	1.0	1340	$1,895	$1.41	43d	1	0.31mi
E 6th Ave Kennewick, WA	2.0	1.0	1100	$1,500	$1.36	43d	1	0.33mi
722 S Union St Kennewick, WA	4.0	2.0	2181	$2,295	$1.05	43d	1	0.34mi
3320 W 9th Ave Unit 30 Kennewick, WA	2.0	2.0	1200	$1,400	$1.17	43d	1	0.35mi
4215 W 2nd Ave Kennewick, WA	3.0	2.0	1348	$2,595	$1.93	43d	1	0.35mi
108 S Tweedt Pl Kennewick, WA	2.0	2.0	1258	$1,795	$1.43	43d	1	0.42mi
325 S Johnson St Kennewick, WA	2.0	1.5	1100	$1,495	$1.36	43d	1	0.43mi
3910 W Kennewick Ave Unit 3910 Kennewick, WA	3.0	1.5	1645	$1,800	$1.09	43d	1	0.44mi
3119 W 7th Ave Kennewick, WA	3.0	2.5	1500	$2,050	$1.37	13d	1	0.48mi
3119 W 7th Ave Unit C120 Kennewick, WA	3.0	2.5	1500	$2,050	$1.37	20d	1	0.48mi
3613 W 16th Pl Unit B Kennewick, WA	2.0	1.5	1170	$1,295	$1.11	43d	1	0.73mi
440 N Volland St Kennewick, WA	1.0–3.0	1.0–1.5	958	$1,600	$1.67	13d	7	0.79mi
318 N Arthur St Kennewick, WA	2.0–3.0	2.0	1113	$1,975	$1.77	13d	1	0.86mi
N Johnson St Kennewick, WA	2.0	1.5	1100	$1,450	$1.32	20d	3	0.92mi
2652 W 15th Ave Kennewick, WA	2.0–3.0	2.0	1152	$1,899	$1.65	13d	5	0.98mi
1915 S Neel St Kennewick, WA	3.0	2.0	1401	$3,000	$2.14	13d	1	1.01mi
5100 W Clearwater Ave Kennewick, WA	1.0–3.0	1.0–2.0	1068	$1,843	$1.72	13d	6	1.01mi
603 N Ely St Kennewick, WA	3.0	1.0	1204	$1,895	$1.57	43d	1	1.11mi
720 N Arthur St Kennewick, WA	3.0	1.5	1200	$1,545	$1.29	13d	9	1.13mi
100 N Irving Pl Unit K101 Kennewick, WA	3.0	1.5	1120	$1,700	$1.52	44d	1	1.16mi
100 N Irving Pl Unit H101 Kennewick, WA	3.0	1.5	1120	$1,699	$1.52	44d	1	1.16mi
100 N Irving Pl Kennewick, WA	1.0–3.0	1.0–1.5	939	$1,750	$1.86	13d	11	1.16mi
2525 W Grand Ronde Ave Kennewick, WA	2.0–3.0	1.0–2.0	1044	$1,595	$1.53	13d	4	1.19mi
5702 W Kennewick Pl #110 Kennewick, WA	3.0	2.5	1435	$1,695	$1.18	13d	1	1.20mi
33 N Jefferson Pl Unit 110 Kennewick, WA	3.0	2.5	1536	$1,950	$1.27	43d	1	1.26mi
1601 S Yelm St Kennewick, WA	4.0	2.0	1550	$2,495	$1.61	20d	1	1.36mi
1163 S Underwood Pl #110 Kennewick, WA	3.0	2.5	1478	$2,395	$1.62	43d	1	1.39mi
1148 N Yost St Kennewick, WA	3.0	2.5	1324	$1,863	$1.41	20d	1	1.42mi
1216 N Williams St Unit B Kennewick, WA	2.0	1.5	1080	$1,700	$1.57	43d	1	1.44mi

Listing history 8 events

1. 2026-04-10
   historical $1,995
2. 2026-04-07
   listed $1,995 Active 2091-char remark

   Show marketing remark (2091 chars)

   We do not accept 3rd party applications or viewing requests. 3 Bedrooms, 2.5 Bath 1560 sqft Townhome in Kennewick This well maintained 3-bedroom, 2.5-bathroom home offers 1,560 square feet of thoughtfully designed living space with modern finishes throughout. The interior features durable hard-surface flooring, creating a clean and contemporary feel that is both stylish and easy to maintain. The kitchen is equipped with stainless steel appliances, elegant stone countertops, a convenient pantry, and an eat-at bar. The open layout flows seamlessly into the living and dining areas, maximizing both space and functionality. A half bathroom on the main floor adds extra convenience for guests. Upstairs, the spacious bedrooms provide comfortable retreats, including a primary suite with a walk-in closet. An upstairs laundry room are included for added ease and practicality. Outside, the property continues to impress with an attached one-car garage, a private back patio, and a fully fenced yard. The low-maintenance landscaping features astroturf and garden beds. Interior: * 3 Bedrooms * 2.5 Bathrooms * 1560 SqFt * Hard Surface Flooring * Stainless steel appliances * Stone Countertops * Tile Backsplash * Dishwasher * Built-in Microwave * Pantry * Eat-at Island * Walk-in Closet * Half Bath on Main Floor * Washer/Dryer Provided Exterior: * Attached 1-Car Garage * Back Patio * Fully Fenced Yard * Astroturf Additional Information: * 12 Month Lease Term * No Pets Deposit & Fees Include: $1,506 Refundable Deposit $299 Non-Refundable Admin Fee $190 Non-Refundable Carpet Care Fee (Assessed at Move out) Please Note: Availability, rates, and details are subject to change This property is professionally managed by Kenmore Team Property Management We are an equal housing opportunity provider. Rental Terms Rent: $1,995 Application Fee: $49 Security Deposit: $1,995 Available Now Pet Policy Cats not allowed Dogs not allowed Amenities HOA Front Landscaping provided Appliances Refrigerator Range Microwave Dishwasher Washer and Dryer

3. 2026-04-06
   listed $1,995
4. 2024-06-10
   soldstatus $350,000 Closed 486-char remark

   Show marketing remark (486 chars)

   MLS# 275087 This three bedroom condominium is tucked away in the Midtown Village community. Spread across 1,560 square feet this home offers a thoughtfully designed floor plan blending functionality with a modern aesthetic. The kitchen is equipped with sleek countertops and all stainless steel appliances. Each of the bedrooms offer ample space and privacy to enjoy. The outdoor space has been designed for easy maintenance with turf and gravel. This is a great investment opportunity.

5. 2024-05-24
   status Pending 486-char remark

   Show marketing remark (486 chars)

   MLS# 275087 This three bedroom condominium is tucked away in the Midtown Village community. Spread across 1,560 square feet this home offers a thoughtfully designed floor plan blending functionality with a modern aesthetic. The kitchen is equipped with sleek countertops and all stainless steel appliances. Each of the bedrooms offer ample space and privacy to enjoy. The outdoor space has been designed for easy maintenance with turf and gravel. This is a great investment opportunity.

6. 2024-04-10
   listed $360,000 Active 486-char remark

   Show marketing remark (486 chars)

   MLS# 275087 This three bedroom condominium is tucked away in the Midtown Village community. Spread across 1,560 square feet this home offers a thoughtfully designed floor plan blending functionality with a modern aesthetic. The kitchen is equipped with sleek countertops and all stainless steel appliances. Each of the bedrooms offer ample space and privacy to enjoy. The outdoor space has been designed for easy maintenance with turf and gravel. This is a great investment opportunity.

7. 2021-12-15
   soldstatus $334,900
8. 2021-10-28
   listed $334,900

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

Climate risk First Street

• 🌊 Flood 1/10 Low 0% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥99°F today · 15 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 8/10 Severe 14 unhealthy d/yr today · 15 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,713
• − Mortgage interest: −$112
• − Property taxes: −$30
• − Insurance: −$10
• − Repairs & maintenance: −$1,897
• − Management: −$1,897
• − Depreciation: −$58
• Taxable income: $19,710
• Est. tax owed @ 24.0%: −$4,730
• After-tax cash flow: $13,838/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: Kennewick School District
• NCES district ID: 5303930
• Math proficiency: 43% ▼ -1.00%
• Reading proficiency: 58% ▬ 0.00%
• Median HH income: $54,191
• Composite: 45.56/100
• National rank: #5667
• State rank: #141 of 291 in WA

Livability — Kennewick

• Score: 78/100
• State rank: #131
• US rank: #2599

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Kennewick, WA
• County: Benton County · 186,895 people
• City population: 104,655
• Metro: Kennewick-Richland, WA
• Population (ZIP): 33,287
• Household income: $98,848
• Rent vs Own: 14.5% rent · 85.5% own
• Severe rent burden: 430.0

Population outlook (Benton County) Hauer SSP2

• Today (2025): 219,421 people
• By 2030: 233,813 · +6.6%
• By 2040: 262,134 · +19.5%
• By 2050: 290,100 · +32.2%
• By 2075: 363,525 · +65.7%
• By 2100: 418,667 · +90.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (67%)
• Race & ethnicity: White 67% Hispanic / Latino 26% Two or more races 13% Asian 1% Black 1%
• Hispanic origin (detail): Mexican 24%
• Common ancestry: Lithuanian 4% Portuguese 3% Iranian 2%
• Foreign-born: 12% · Canada, Vietnam
• Languages at home: 76% English-only · Spanish 20% Russian/Polish/Slavic 2%

Political lean MEDSL · Benton

• 2024 margin: Strong R (+21.9) · D 37.7% · R 59.6% · Other 2.7%
• 2008→2024 swing: +4.2pp toward D · 2008: -26.1pp · 2024: -21.9pp
• All cycles: 2024: R+21.9 2020: R+21.0 2016: R+26.6 2012: R+27.0 2008: R+26.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -260.38%
• Current HPI: 245.5375
• Rent YoY: —
• Metro: Kennewick-Richland, 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

-99.4% since first listed

8 events — show timeline

• 2026-04-10 Rental Removed $1,995 APPFOLIO
• 2026-04-07 Listed $1,995 PACMLS
• 2026-04-06 Listed for Rent $1,995 APPFOLIO
• 2024-06-10 Sold (MLS) $350,000 PACMLS
• 2024-05-24 Pending — PACMLS
• 2024-04-10 Listed $360,000 PACMLS
• 2021-12-15 Sold (MLS) $334,900 PACMLS
• 2021-10-28 Listed $334,900 PACMLS

Property tax history

+37.2%/yr

Latest (2026): $2,493 · -8.1% YoY. Source: county tax records.