574 NW Silver Glen Ln #41 · Silverdale, WA 98311

$185,000

3 bd · 2.0 ba · 1,728 sqft · Manufactured · 2 Days on market

Built 1991 Fair condition Est $194k · at est.

---

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
• DSCR +10.0/10.0
• ARV discount +9.5/15.0
• 1% rule +8.9/10.0
• Schools +5.5/10.0
• Livability +4.1/5.0
• Rent growth +2.6/5.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks

Enjoy premier 55+ senior living in the highly desirable Silver Creek Meadows community! This beautifully cared-for, 1,728 sq ft spacious home features 3 bedrooms, 2 full baths, and a bright, vaulted-ceiling living room with floor-to-ceiling windows. Stay comfortable year-round with an efficient heat pump providing central A/C. The bright, skylit kitchen boasts generous cabinet and counter space, flowing effortlessly into a formal dining room with a built-in hutch. Retreat to the primary suite complete with double sinks, a soaking tub, and a skylight. Step outside to your private backyard patio backing up to peaceful woods, offering a quiet sanctuary with zero lawn mowing required. Park with

Key facts

• Formal dining room
• Skylit kitchen
• Efficient heat pump

Tags

• SILVER CREEK MEADOWS COMMUNITY
• VAULTED-CEILING LIVING ROOM
• FLOOR-TO-CEILING WINDOWS
• EFFICIENT HEAT PUMP
• SKYLIT KITCHEN
• FORMAL DINING ROOM

Property features AI

Finance

• Other: Mobile home remains; Listed as residential manufactured home in good condition
• Financial info: Acceptable financing: Cash, Conventional, FHA
• HOA & community: Senior community (Silver Creek Meadows); Park includes clubhouse, common area, golf, recreational area, RV parking, security gate, tennis courts, trails; Approximately 65 homes in park; Land lease ($925)

Exterior

• Parking: Carport
• Security: Security gate
• Utilities: Public water; Silverdale Water service; Kitsap PUD sewer; PSE power; Astound cable and internet
• Home design: Manufactured double-wide home (Moduline); One level; North-facing
• Construction: Wood construction; Composition roof; Concrete perimeter foundation; Manufactured after 06/15/1976
• Exterior features: Wood products siding; Curbs; Open space; Paved areas; View

Interior

• Kitchen: Dishwasher; Microwave; Refrigerator; Stove/Range
• Bedrooms: 3 bedrooms
• Flooring: Laminate; Vinyl; Carpet
• Bathrooms: 2 full bathrooms; 2 bathtubs; 2 showers
• Heating & cooling: Forced air heating; Heat pump; Central air conditioning
• Interior features: Water heater; Ceiling fans; Double pane windows; Drapes; Landscaped; Patio/porch/deck; Skylights; Vaulted ceilings; Walk-in closet
• Laundry & utility: Utility room with electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $185k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $690 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $185k).
• Cap rate 11.2% vs local median 2.7% in Silverdale — 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 82/100 on livability (#63 in WA, #1,155 nationally) — a professional / high-income tenant draw. Strengths: employment A+, housing A+, health & safety A+; Watch: amenities D-, cost of living F.
• 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: Cottonwood Elementary School (382 students, 45% FRL); Olympic High School (1,162 students, 48% FRL) — zoned schools average 47% FRL vs 23% district-wide (24 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents flat; 151 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 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 $1k of loan paydown is wiped out by about $6k 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.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: severe flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $185,000

Questions for the listing agent

1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
5. 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.
6. 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.
7. 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: 1.39% ✓
• Cap rate: 11.20%
• Cash-on-cash: 17.53%
• DSCR: 1.78
• GRM: 6.0

CMA / ARV

• ARV (on-the-fly): $193,536
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
563 NW Silver Glen Ln	0.03mi	3/2.0	1,782 (+3%)	2mo	$195,000	$109	91
544 NW Silver Glen Ln	0.06mi	3/2.0	1,728 (0%)	16mo	$235,000	$136	83
1010 NW Mahogany Ln	0.49mi	3/2.0	1,848 (+7%)	11mo	$182,500	$99	56
349 NE Waaga Way	0.55mi	3/2.0	1,620 (-6%)	13mo	$590,000	$364	53
986 Mahogany Ln	0.49mi	3/2.0	1,512 (-12%)	10mo	$170,000	$112	48
949 Mahogany Ln	0.53mi	4/2.0 (+1)	1,960 (+13%)	9mo	$185,000	$94	40

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 · 0.27% rent growth · sell at horizon

5-year hold

• IRR: 3.7%
• Equity multiple: 1.14×
• Total profit: $7,181
• Equity at exit: $27,584

10-year hold

• IRR: 10.4%
• Equity multiple: 1.70×
• Total profit: $36,429
• Equity at exit: $15,995

Cash invested: $51,800 (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 98311

• Rents YoY: 0.3%
• Active inventory: 151
• Price-to-rent: 6.0×

Monthly cashflow live

• Estimated rent: $2,576 high
• Mortgage (P&I): −$970
• Tax est. 1.5%: −$231 /mo · $2,775/yr
• Insurance: −$77
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$541
• Net cashflow: $690

Break-even live

Break-even rent $1,702

Max offer price $185,000

Occupancy floor 68%

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: $46,250
• Closing costs: $5,550
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
835 NW Huckle Dr Unit A Bremerton, WA	2.0	1.5	1112	$1,900	$1.71	21d	1	0.35mi
1255 NW Mirage Ln Silverdale, WA	1.0–3.0	1.0–2.0	865	$2,400	$2.77	13d	12	0.66mi
10109 Kings Landing Ave NW Bremerton, WA	3.0	2.5	1620	$3,500	$2.16	43d	1	0.75mi
7720 Vineyards Ln NE Bremerton, WA	1.0–3.0	1.0–2.0	840	$2,325	$2.77	13d	11	0.93mi
263 Weatherstone Ln NE Bremerton, WA	1.0–3.0	1.0–2.0	884	$2,199	$2.49	13d	4	1.01mi
8078 Old Military Rd NE Bremerton, WA	2.0	2.5	2064	$3,000	$1.45	43d	1	1.14mi
968 NW Poppy Ct Silverdale, WA	3.0	2.5	1562	$3,000	$1.92	21d	1	1.25mi
100 NE Miramar Cir Bremerton, WA	3.0	2.5	1446	$2,500	$1.73	21d	1	1.36mi
1413 NW Santa Fe Ln Silverdale, WA	1.0–3.0	1.0–2.0	1002	$2,484	$2.48	13d	15	1.45mi

Listing history 3 events

1. 2026-06-18
   days on market $185,000 Active 2 DOM
2. 2026-06-17
   remarks 699-char remark
3. 2026-06-17
   listed $185,000 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 8/10 Severe FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥86°F today · 15 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: $30,916
• − Mortgage interest: −$10,363
• − Property taxes: −$2,775
• − Insurance: −$1,722
• − Repairs & maintenance: −$2,473
• − Management: −$2,473
• − Depreciation: −$5,382
• Taxable income: $5,727
• Est. tax owed @ 24.0%: −$1,375
• After-tax cash flow: $6,910/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 · 12 photos

Fair 45/100 Moderate rehab

This 1,728 sq ft manufactured home in Silver Creek Meadows requires moderate renovations to update the kitchen and bathrooms, and replace the flooring. The home is located in a highly desirable community with a private backyard and zero lawn mowing required.

Repairs flagged

• Moderate kitchen cabinets — dated and in need of updating
• Moderate bathroom fixtures — standard fixtures, dated tile
• Major flooring — carpeted floors in living areas, dated tile in kitchen

Value-add opportunities

• Both update kitchen cabinets and countertops — modernizing the kitchen would improve both resale and rental value
• Both update bathroom fixtures and tile — modernizing the bathrooms would improve both resale and rental value
• Both replace flooring with hardwood or tile — replacing the dated flooring with hardwood or tile would improve both resale and rental value

Renovation cost estimate screening

Repair item	Severity	Est. cost
kitchen cabinets · dated and in need of updating	Moderate	$3,000–15,000
bathroom fixtures · standard fixtures, dated tile	Moderate	$3,000–15,000
flooring · carpeted floors in living areas, dated tile in kitchen	Major	$15,000–50,000
Total estimated repair cost · 3 items		$21,000–80,000

Value-add ROI direction

• Both update kitchen cabinets and countertops — modernizing the kitchen would improve both resale and rental value ↑
• Both update bathroom fixtures and tile — modernizing the bathrooms would improve both resale and rental value ↑
• Both replace flooring with hardwood or tile — replacing the dated flooring with hardwood or tile would improve both resale and rental value ↑

ⓘ 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 — Silverdale

• Score: 82/100
• State rank: #63
• US rank: #1155

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Kitsap County · 243,099 people
• City population: 21,604
• Metro: Bremerton-Silverdale-Port Orchard, WA
• Population (ZIP): 28,168
• Household income: $108,757
• Rent vs Own: 24.0% rent · 76.0% own
• Severe rent burden: 502.0

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 (67%)
• Race & ethnicity: White 67% Two or more races 14% Hispanic / Latino 9% Asian 9% Black 3% Pacific Islander 2%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Portuguese 4% Italian 4% Slovak 3%
• Foreign-born: 9% · Canada, Vietnam, China
• Languages at home: 89% English-only · Tagalog/Filipino 4% Spanish 3% Vietnamese 2%

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: ▼ -378.18%
• Current HPI: 356.6272
• Rent YoY: ▲ 0.27%
• 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

• 2026-06-16 Listed $185,000 NWMLS as Distributed by MLS Grid