4024 NW NW Country Ln NW #38 · Kitsap Lake, WA 98312

$35,000

1 bd · 1.0 ba · 632 sqft · Manufactured · 10 Days on market

Built 1964 Good condition

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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
• Schools +5.5/10.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Condition / age +3.8/5.0
• Rent growth +2.6/5.0
• Livability +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Maximizing comfort and style in 632 sq. ft. ! This cute manufactured home is completely turnkey and ready for you to move right in. Every detail has been refreshed, boasting brand-new interior and exterior paint, flooring, and light fixtures. Step outside to your expansive covered paved patio, perfect for year round lounging or outdoor dining. This cozy gem offers the ultimate low maintenance lifestyle. Why rent when you can own this beautifully updated home!

Key facts

• Brand-new flooring
• Covered paved patio
• 2 parking spots

Tags

• COVERED PAVED PATIO
• BRAND-NEW INTERIOR PAINT
• BRAND-NEW EXTERIOR PAINT
• BRAND-NEW FLOORING
• BRAND-NEW LIGHT FIXTURES

Property features AI

Finance

• Other: Calculated building area: 632 square feet; On market date: June 8, 2026; Buyer broker compensation: 3%
• Financial info: Listing terms: Cash
• HOA & community: Located in Country Lane mobile home park (approximately 62 homes); Park approved for sale; Pets: see remarks; Land lease: $995

Exterior

• Parking: Uncovered parking with 2 open spaces
• Utilities: Electric energy source; Public water (City of Bremerton); Public sewer (City of Bremerton); Electric water heater; Power: PSE; Cable and internet: CenturyLink
• Home design: Manufactured single-wide home (Brigdier Budger); One story; Faces northwest; Manufactured house in good condition
• Construction: Metal skirting; Metal/vinyl construction; Roof: see remarks; Foundation: see remarks
• Exterior features: Metal/vinyl exterior; Patio/porch/deck

Interior

• Kitchen: Stove/Range
• Bedrooms: 1 bedroom
• Flooring: Laminate flooring
• Bathrooms: 1 full bathroom with bathtub and shower
• Heating & cooling: Forced air heating; No cooling
• Interior features: Water heater (electric) with exterior panel outside bathroom; Stove/Range
• Laundry & utility: Water heater located in exterior panel outside bathroom

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath manufactured listed at $35k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $970 ($12k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $35k).

Location & tenants

• Location reads: area grade D — affects rentability + tenant quality, not the cash-flow math above.
• Central Kitsap School District (urban): math 55% / reading 67% proficiency, ranked #49 of 291 in WA (top 17%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Silverdale Elementary (415 students, 35% FRL); Klahowya Secondary (969 students, 32% FRL).
• Market conditions: Rents flat; 349 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals leasing fast (median 14d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 1,294 units permitted in Kitsap County in 2024 (302 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $242 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• Kitsap County population projected at +8% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 0.3% rent growth), your $10k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.

Recommended offer $35,000

Questions for the listing agent

1. Built in 1964 — 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. 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?
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: 4.38% ✓
• Cap rate: 39.54%
• Cash-on-cash: 118.74%
• DSCR: 6.28
• GRM: 1.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.28% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 6.31×
• Total profit: $52,026
• Equity at exit: $5,219

10-year hold

• IRR: —
• Equity multiple: 12.13×
• Total profit: $109,044
• Equity at exit: $3,026

Cash invested: $9,800 (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 98312

• Rents YoY: 0.3%
• Active inventory: 349
• Price-to-rent: 1.9×

Monthly cashflow live

• Estimated rent: $1,534 medium
• Mortgage (P&I): −$184
• Tax est. 1.5%: −$44 /mo · $525/yr
• Insurance: −$15
• HOA: −$0
• Vacancy / Maint / Mgmt: −$322
• Net cashflow: $970

Break-even live

Break-even rent $306

Max offer price $35,000

Occupancy floor 32%

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: $8,750
• Closing costs: $1,050
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3000 Northlake Way NW Bremerton, WA	2.0	1.0	729	$1,400	$1.92	43d	1	0.43mi
3405 Northlake Way NW Unit 3 Bremerton, WA	2.0	1.0	748	$1,500	$2.01	13d	1	0.62mi
3000 Austin Dr Bremerton, WA	1.0–3.0	1.0–2.0	950	$1,625	$1.71	13d	10	0.77mi

Listing history 9 events

1. 2026-06-18
   days on market $35,000 Active 10 DOM
2. 2026-06-17
   days on market $35,000 Active 9 DOM
3. 2026-06-16
   days on market $35,000 Active 8 DOM
4. 2026-06-15
   days on market $35,000 Active 7 DOM
5. 2026-06-14
   days on market $35,000 Active 5 DOM
6. 2026-06-13
   days on market $35,000 Active 4 DOM
7. 2026-06-10
   days on market $35,000 Active 2 DOM
8. 2026-06-09
   remarks 464-char remark
9. 2026-06-09
   listed $35,000 Active 1 DOM

ⓘ 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 FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥86°F today · 16 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 7/10 Severe 10 unhealthy d/yr today · 10 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,404
• − Mortgage interest: −$1,961
• − Property taxes: −$525
• − Insurance: −$175
• − Repairs & maintenance: −$1,472
• − Management: −$1,472
• − Depreciation: −$1,018
• Taxable income: $11,780
• Est. tax owed @ 24.0%: −$2,827
• After-tax cash flow: $8,809/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.

Condition & rehab AI · 9 photos

Good 75/100 Cosmetic rehab

This turnkey manufactured home is fully updated with new flooring, paint, and appliances, offering a low-maintenance lifestyle and ready for immediate occupancy.

Value-add opportunities

• Both Landscaping and patio furniture — Enhances curb appeal and outdoor living space.
• Both New lighting fixtures — Improves aesthetics and safety.
• Both New window treatments — Enhances privacy and energy efficiency.

Renovation cost estimate screening

Value-add ROI direction

• Both Landscaping and patio furniture — Enhances curb appeal and outdoor living space. ↑
• Both New lighting fixtures — Improves aesthetics and safety. ↑
• Both New window treatments — Enhances privacy and energy efficiency. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Central Kitsap School District
• NCES district ID: 5301080
• Math proficiency: 55% ▲ 1.00%
• Reading proficiency: 67% ▬ 0.00%
• Median HH income: $64,825
• Composite: 54.87/100
• National rank: #2813
• State rank: #49 of 291 in WA

Livability — Kitsap Lake

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

Census & demographics

• Census place: Kitsap Lake, WA
• County: Kitsap County · 243,099 people
• Metro: Bremerton-Silverdale-Port Orchard, WA
• Population (ZIP): 36,307
• Household income: $90,449
• Rent vs Own: 36.5% rent · 63.5% own
• Severe rent burden: 993.0

Population outlook (Kitsap County) Hauer SSP2

• Today (2025): 277,525 people
• By 2030: 285,040 · +2.7%
• By 2040: 294,957 · +6.3%
• By 2050: 300,622 · +8.3%
• By 2075: 315,580 · +13.7%
• By 2100: 304,340 · +9.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (68%)
• Race & ethnicity: White 68% Two or more races 13% Hispanic / Latino 12% Asian 4% Black 4% Native American 1%
• Hispanic origin (detail): Mexican 6% Puerto Rican 1%
• Common ancestry: Italian 7% Portuguese 5% Slovak 4%
• Foreign-born: 6% · Canada, China
• Languages at home: 91% English-only · Spanish 4% Tagalog/Filipino 2% Other Asian/Pacific 1%

Political lean MEDSL · Kitsap

• 2024 margin: Strong D (+20.9) · D 58.8% · R 37.9% · Other 3.3%
• 2008→2024 swing: +8.6pp toward D · 2008: 12.3pp · 2024: 20.9pp
• All cycles: 2024: D+20.9 2020: D+18.1 2016: D+11.6 2012: D+11.1 2008: D+12.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -436.68%
• Current HPI: 379.2342
• Rent YoY: ▲ 0.28%
• Metro: Bremerton-Silverdale-Port Orchard, 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

1 event — show timeline

• 2026-06-08 Listed $35,000 NWMLS as Distributed by MLS Grid