606 SW 2nd St · Pendleton, OR
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 7/10 · Major
- Est. fire insurance / yr
- $498 – $926
Heat risk 4/10 · Minor
- Hot days now (above 97°F)
- 7 days/yr
- Hot days in 30 yrs
- 16 days/yr
Wind risk 1/10 · Minimal
- Chance of severe wind over 30 yrs
- —
Air-quality risk 7/10 · Major
- Unhealthy air days now
- 8 days/yr
- Unhealthy air days in 30 yrs
- 9 days/yr
Risk factors via First Street. Map © Google.
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).
- ARV discount +15.0/15.0
- Cash flow +12.1/30.0
- DSCR +3.6/10.0
- Livability +3.1/5.0
- Schools +3.0/10.0
- Condition / age +2.5/5.0
- 1% rule +2.4/10.0
- Rent growth +1.8/5.0
- Appreciation +0.0/10.0
$182,500
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Welcome home to this adorable, updated farmhouse-style beauty in Pendleton! With 3 bedrooms, 1.5 baths, and 1,310 sq ft, this home is truly move-in ready and full of character. Start your mornings on the 20x8 covered front porch, then enjoy comfortable living with a cozy living room and a spacious dining area that could easily double as a family room or flex space. The kitchen opens to the backyard for effortless entertaining and indoor/outdoor meals. A full bath and large laundry room with great storage complete the main level. Upstairs you'll find three comfortable bedrooms, two featuring walk-in closets, plus a convenient half bath. Outside, the fenced backyard offers room to relax, play, or garden, along with a tool shed for extra storage. Newer central air and forced-air heat add comfort year-round. Close to restaurants, shopping, parks, schools, and more, this one is a must-see!
Key facts
- Covered front porch
- Tool shed
- Walk-in closets
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/1.0-bath single-family listed at $182k.
Deal economics
- At list price, monthly cash flow is $-42 ($-500/yr) — negative.
- To cash-flow at today's rent, offer at most $175k (4.0% below list).
- To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $136k (25.6% below list).
- Recommended offer: $136k (25.6% below list) — sets the bar for 1% rule.
- Cap rate 6.0% vs local median 3.2% in Pendleton — 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 61/100 on livability (#267 in OR) — a middle-class / working-renter tenant base. Strengths: housing A+, cost of living A; Watch: employment D+, crime D-, amenities F.
- Pendleton SD 16 (town): math 27% / reading 43% proficiency, ranked #24 of 58 in OR (top 41%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
- Zoned schools: Pendleton Early Learning Center (224 students, 84% FRL); Sunridge Middle School (math 28% / reading 43%, grade F, #59 of 128 statewide, top 46%, 637 students, 65% FRL); Pendleton High School (math 22% / reading 62%, grade F, #67 of 143 statewide, top 46%, 795 students, 73% FRL) — zoned schools average 74% FRL vs 44% district-wide (29 pts higher); higher-poverty schools than district average — tighter screening recommended.
- Market conditions: Rents soft (-2.7%/yr); 141 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 205 units permitted in Umatilla County in 2024 (0 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.
- Umatilla County population projected to shrink 3% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
Negotiation context
- It's been on market 140 days — a 12% lower offer ($161k) is reasonable based on typical stale-listing flexibility.
- 6 sale attempts; this cycle's ask has dropped $22k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.
- Current owner paid $114k; list at $182k implies a 60% gain — meaningful room to come down on a strong offer.
Risks & watch-outs
- Watch-outs: built in 1916 — expect roof / HVAC / electrical / plumbing capex.
- Climate carrying-cost: major wildfire risk — expect insurance premiums to compound above CPI over the hold.
Questions for the listing agent
- What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
- It's been on market 140 days. Have you received any prior offers? Is the seller open to a 26% concession, seller financing, or rate buy-down credit?
- Built in 1916 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- Crime grade is D 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?
- 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?
- 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.
- 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.
- 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
- 0.74% ✗
- Cap rate
- 6.02%
- Cash-on-cash
- -0.98%
- DSCR
- 0.96
- GRM
- 11.2
CMA / ARV
- ARV (median comp)
- $225,585
- List price
- $182,500
- Delta
- -19.10%
- Verdict
- UNDERPRICED
- Comps
- 20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 937 SE 2nd St | 0.35mi | 3/2.0 | 1,281 (-2%) | 8mo | $275,000 | $215 | 69 |
| 18 SE Kirk Ave | 0.35mi | 3/2.0 | 1,248 (-5%) | 14mo | $290,000 | $232 | 60 |
| 711 SE 8th St | 0.48mi | 3/1.0 | 1,120 (-14%) | 1mo | $265,000 | $237 | 53 |
| 818 SW 10th St | 0.43mi | 3/1.0 | 1,162 (-11%) | 10mo | $265,000 | $228 | 53 |
| 728 SE 6th St | 0.42mi | 3/1.0 | 1,171 (-11%) | 12mo | $250,000 | $213 | 53 |
| 6 SE Kirk Ave | 0.34mi | 3/2.0 | 1,430 (+9%) | 16mo | $308,200 | $216 | 52 |
| 429 SW 15th St | 0.67mi | 3/1.0 | 1,217 (-7%) | 7mo | $108,000 | $89 | 51 |
| 912 SW Goodwin Pl | 0.38mi | 3/1.0 | 1,471 (+12%) | 13mo | $230,000 | $156 | 51 |
| 159 SW Nye Ave | 0.44mi | 4/2.0 (+1) | 1,200 (-8%) | 13mo | $285,000 | $238 | 46 |
| 1410 SW Frazer Ave | 0.64mi | 3/2.0 | 1,433 (+9%) | 10mo | $260,000 | $181 | 42 |
| 214 NW 8th St | 0.60mi | 2/1.0 (-1) | 1,210 (-8%) | 20mo | $257,000 | $212 | 38 |
| 104 NW 12th St | 0.70mi | 3/1.0 | 1,140 (-13%) | 11mo | $260,000 | $228 | 37 |
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
- IRR
- -21.0%
- Equity multiple
- 0.29×
- Total profit
- $-36,277
- Equity at exit
- $27,211
- IRR
- -22.0%
- Equity multiple
- 0.01×
- Total profit
- $-50,676
- Equity at exit
- $15,779
Cash invested: $51,100 (down + closing). Projections, not guarantees.
Landlord ↔ Tenant lean methodology
- Overall (STATE)
- 28 Tenant-Leaning
- State Oregon
- 28 Tenant-Leaning · D+6
- County
- — inherits STATE
- City
- — inherits STATE
ZIP-level market 97801
- Rents YoY
- -2.7%
- Active inventory
- 141
- Price-to-rent
- 11.2×
Monthly cashflow live
- Estimated rent
- $1,359 high interval (Pro) →
- Mortgage (P&I)
- −$957
- Tax from tax record
- −$82 /mo · $983/yr
- Insurance
- −$76
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$285
- Net cashflow
- $-42
Break-even live
Sensitivity live
| Price | -10% $62 | -5% $10 | +0% $-42 | +5% $-93 | +10% $-145 |
|---|---|---|---|---|---|
| Rent | -10% $-149 | -5% $-95 | +0% $-42 | +5% $12 | +10% $66 |
| Rate | -1.0pp $50 | -0.5pp $5 | base $-42 | +0.5pp $-89 | +1.0pp $-137 |
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
- $45,625
- Closing costs
- $5,475
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 7 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 623 SW 4th St Unit 1 Pendleton, OR | 3.0 | 2.0 | 945 | $1,300 | $1.38 | 45d | 1 | 0.12mi |
| 438 SW 5th St Pendleton, OR | 2.0 | 1.0 | 795 | $1,145 | $1.44 | 45d | 4 | 0.15mi |
| 824 SW 7th St Pendleton, OR | 3.0 | 1.0 | 1300 | $1,225 | $0.94 | 45d | 1 | 0.31mi |
| 225 NW 12th St Pendleton, OR | 3.0 | 1.0 | 1144 | $1,350 | $1.18 | 45d | 1 | 0.76mi |
| 1405 NW Despain Ave Pendleton, OR | 3.0 | 1.0 | 986 | $1,300 | $1.32 | 45d | 1 | 0.85mi |
| 2601 SW Hailey Ave Pendleton, OR | 1.0–2.0 | 2.0 | 816 | $1,300 | $1.59 | 45d | 4 | 1.16mi |
| 2201 SW Nye Ave Pendleton, OR | 2.0–3.0 | 1.0–1.5 | 1350 | $1,395 | $1.03 | 45d | 2 | 1.34mi |
Listing history 33 events
-
2026-06-22days on market $182,500 Active 140 DOM
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2026-06-19days on market $182,500 Active 137 DOM
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2026-06-18days on market $182,500 Active 136 DOM
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2026-06-17days on market $182,500 Active 135 DOM
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2026-06-16days on market $182,500 Active 134 DOM
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2026-06-15days on market $182,500 Active 133 DOM
-
2026-06-14days on market $182,500 Active 131 DOM
-
2026-06-12days on market $182,500 Active 130 DOM
-
2026-06-09days on market $182,500 Active 127 DOM
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2026-06-08days on market $182,500 Active 126 DOM
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2026-06-07days on market $182,500 Active 125 DOM
-
2026-06-03days on market $182,500 Active 121 DOM
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2026-06-02days on market $182,500 Active 120 DOM
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2026-06-01days on market $182,500 Active 119 DOM
-
2026-05-31days on market $182,500 Active 118 DOM
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2026-05-30days on market $182,500 Active 117 DOM
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2026-04-23status Active 897-char remark
Show marketing remark (897 chars)
Welcome home to this adorable, updated farmhouse-style beauty in Pendleton! With 3 bedrooms, 1.5 baths, and 1,310 sq ft, this home is truly move-in ready and full of character. Start your mornings on the 20x8 covered front porch, then enjoy comfortable living with a cozy living room and a spacious dining area that could easily double as a family room or flex space. The kitchen opens to the backyard for effortless entertaining and indoor/outdoor meals. A full bath and large laundry room with great storage complete the main level. Upstairs you'll find three comfortable bedrooms, two featuring walk-in closets, plus a convenient half bath. Outside, the fenced backyard offers room to relax, play, or garden, along with a tool shed for extra storage. Newer central air and forced-air heat add comfort year-round. Close to restaurants, shopping, parks, schools, and more, this one is a must-see!
-
2026-04-23status Active 897-char remark
Show marketing remark (897 chars)
Welcome home to this adorable, updated farmhouse-style beauty in Pendleton! With 3 bedrooms, 1.5 baths, and 1,310 sq ft, this home is truly move-in ready and full of character. Start your mornings on the 20x8 covered front porch, then enjoy comfortable living with a cozy living room and a spacious dining area that could easily double as a family room or flex space. The kitchen opens to the backyard for effortless entertaining and indoor/outdoor meals. A full bath and large laundry room with great storage complete the main level. Upstairs you'll find three comfortable bedrooms, two featuring walk-in closets, plus a convenient half bath. Outside, the fenced backyard offers room to relax, play, or garden, along with a tool shed for extra storage. Newer central air and forced-air heat add comfort year-round. Close to restaurants, shopping, parks, schools, and more, this one is a must-see!
-
2026-04-06status Pending 897-char remark
Show marketing remark (897 chars)
Welcome home to this adorable, updated farmhouse-style beauty in Pendleton! With 3 bedrooms, 1.5 baths, and 1,310 sq ft, this home is truly move-in ready and full of character. Start your mornings on the 20x8 covered front porch, then enjoy comfortable living with a cozy living room and a spacious dining area that could easily double as a family room or flex space. The kitchen opens to the backyard for effortless entertaining and indoor/outdoor meals. A full bath and large laundry room with great storage complete the main level. Upstairs you'll find three comfortable bedrooms, two featuring walk-in closets, plus a convenient half bath. Outside, the fenced backyard offers room to relax, play, or garden, along with a tool shed for extra storage. Newer central air and forced-air heat add comfort year-round. Close to restaurants, shopping, parks, schools, and more, this one is a must-see!
-
2026-04-06status Pending 897-char remark
Show marketing remark (897 chars)
Welcome home to this adorable, updated farmhouse-style beauty in Pendleton! With 3 bedrooms, 1.5 baths, and 1,310 sq ft, this home is truly move-in ready and full of character. Start your mornings on the 20x8 covered front porch, then enjoy comfortable living with a cozy living room and a spacious dining area that could easily double as a family room or flex space. The kitchen opens to the backyard for effortless entertaining and indoor/outdoor meals. A full bath and large laundry room with great storage complete the main level. Upstairs you'll find three comfortable bedrooms, two featuring walk-in closets, plus a convenient half bath. Outside, the fenced backyard offers room to relax, play, or garden, along with a tool shed for extra storage. Newer central air and forced-air heat add comfort year-round. Close to restaurants, shopping, parks, schools, and more, this one is a must-see!
-
2026-02-17price $191,000 897-char remark
Show marketing remark (897 chars)
Welcome home to this adorable, updated farmhouse-style beauty in Pendleton! With 3 bedrooms, 1.5 baths, and 1,310 sq ft, this home is truly move-in ready and full of character. Start your mornings on the 20x8 covered front porch, then enjoy comfortable living with a cozy living room and a spacious dining area that could easily double as a family room or flex space. The kitchen opens to the backyard for effortless entertaining and indoor/outdoor meals. A full bath and large laundry room with great storage complete the main level. Upstairs you'll find three comfortable bedrooms, two featuring walk-in closets, plus a convenient half bath. Outside, the fenced backyard offers room to relax, play, or garden, along with a tool shed for extra storage. Newer central air and forced-air heat add comfort year-round. Close to restaurants, shopping, parks, schools, and more, this one is a must-see!
-
2026-02-15price $191,000 897-char remark
Show marketing remark (897 chars)
Welcome home to this adorable, updated farmhouse-style beauty in Pendleton! With 3 bedrooms, 1.5 baths, and 1,310 sq ft, this home is truly move-in ready and full of character. Start your mornings on the 20x8 covered front porch, then enjoy comfortable living with a cozy living room and a spacious dining area that could easily double as a family room or flex space. The kitchen opens to the backyard for effortless entertaining and indoor/outdoor meals. A full bath and large laundry room with great storage complete the main level. Upstairs you'll find three comfortable bedrooms, two featuring walk-in closets, plus a convenient half bath. Outside, the fenced backyard offers room to relax, play, or garden, along with a tool shed for extra storage. Newer central air and forced-air heat add comfort year-round. Close to restaurants, shopping, parks, schools, and more, this one is a must-see!
-
2026-02-10price $200,000 897-char remark
Show marketing remark (897 chars)
Welcome home to this adorable, updated farmhouse-style beauty in Pendleton! With 3 bedrooms, 1.5 baths, and 1,310 sq ft, this home is truly move-in ready and full of character. Start your mornings on the 20x8 covered front porch, then enjoy comfortable living with a cozy living room and a spacious dining area that could easily double as a family room or flex space. The kitchen opens to the backyard for effortless entertaining and indoor/outdoor meals. A full bath and large laundry room with great storage complete the main level. Upstairs you'll find three comfortable bedrooms, two featuring walk-in closets, plus a convenient half bath. Outside, the fenced backyard offers room to relax, play, or garden, along with a tool shed for extra storage. Newer central air and forced-air heat add comfort year-round. Close to restaurants, shopping, parks, schools, and more, this one is a must-see!
-
2026-01-21price $200,000 897-char remark
Show marketing remark (897 chars)
Welcome home to this adorable, updated farmhouse-style beauty in Pendleton! With 3 bedrooms, 1.5 baths, and 1,310 sq ft, this home is truly move-in ready and full of character. Start your mornings on the 20x8 covered front porch, then enjoy comfortable living with a cozy living room and a spacious dining area that could easily double as a family room or flex space. The kitchen opens to the backyard for effortless entertaining and indoor/outdoor meals. A full bath and large laundry room with great storage complete the main level. Upstairs you'll find three comfortable bedrooms, two featuring walk-in closets, plus a convenient half bath. Outside, the fenced backyard offers room to relax, play, or garden, along with a tool shed for extra storage. Newer central air and forced-air heat add comfort year-round. Close to restaurants, shopping, parks, schools, and more, this one is a must-see!
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2026-01-20$204,999 Active 897-char remark
Show marketing remark (897 chars)
Welcome home to this adorable, updated farmhouse-style beauty in Pendleton! With 3 bedrooms, 1.5 baths, and 1,310 sq ft, this home is truly move-in ready and full of character. Start your mornings on the 20x8 covered front porch, then enjoy comfortable living with a cozy living room and a spacious dining area that could easily double as a family room or flex space. The kitchen opens to the backyard for effortless entertaining and indoor/outdoor meals. A full bath and large laundry room with great storage complete the main level. Upstairs you'll find three comfortable bedrooms, two featuring walk-in closets, plus a convenient half bath. Outside, the fenced backyard offers room to relax, play, or garden, along with a tool shed for extra storage. Newer central air and forced-air heat add comfort year-round. Close to restaurants, shopping, parks, schools, and more, this one is a must-see!
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2026-01-20historical
Show marketing remark (897 chars)
Welcome home to this adorable, updated farmhouse-style beauty in Pendleton! With 3 bedrooms, 1.5 baths, and 1,310 sq ft, this home is truly move-in ready and full of character. Start your mornings on the 20x8 covered front porch, then enjoy comfortable living with a cozy living room and a spacious dining area that could easily double as a family room or flex space. The kitchen opens to the backyard for effortless entertaining and indoor/outdoor meals. A full bath and large laundry room with great storage complete the main level. Upstairs you'll find three comfortable bedrooms, two featuring walk-in closets, plus a convenient half bath. Outside, the fenced backyard offers room to relax, play, or garden, along with a tool shed for extra storage. Newer central air and forced-air heat add comfort year-round. Close to restaurants, shopping, parks, schools, and more, this one is a must-see!
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2025-12-29$204,999 Active 897-char remark
Show marketing remark (897 chars)
Welcome home to this adorable, updated farmhouse-style beauty in Pendleton! With 3 bedrooms, 1.5 baths, and 1,310 sq ft, this home is truly move-in ready and full of character. Start your mornings on the 20x8 covered front porch, then enjoy comfortable living with a cozy living room and a spacious dining area that could easily double as a family room or flex space. The kitchen opens to the backyard for effortless entertaining and indoor/outdoor meals. A full bath and large laundry room with great storage complete the main level. Upstairs you'll find three comfortable bedrooms, two featuring walk-in closets, plus a convenient half bath. Outside, the fenced backyard offers room to relax, play, or garden, along with a tool shed for extra storage. Newer central air and forced-air heat add comfort year-round. Close to restaurants, shopping, parks, schools, and more, this one is a must-see!
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2025-12-29$204,999 Active
Show marketing remark (897 chars)
Welcome home to this adorable, updated farmhouse-style beauty in Pendleton! With 3 bedrooms, 1.5 baths, and 1,310 sq ft, this home is truly move-in ready and full of character. Start your mornings on the 20x8 covered front porch, then enjoy comfortable living with a cozy living room and a spacious dining area that could easily double as a family room or flex space. The kitchen opens to the backyard for effortless entertaining and indoor/outdoor meals. A full bath and large laundry room with great storage complete the main level. Upstairs you'll find three comfortable bedrooms, two featuring walk-in closets, plus a convenient half bath. Outside, the fenced backyard offers room to relax, play, or garden, along with a tool shed for extra storage. Newer central air and forced-air heat add comfort year-round. Close to restaurants, shopping, parks, schools, and more, this one is a must-see!
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2025-08-06soldstatus $114,000 Closed
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2025-06-17status Pending
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2025-06-10price $120,000
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2025-05-06price $140,000
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2025-03-31$155,000 Active
ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot
backfill from property_details.listing_events for pre-trigger history.
Tax reassessment forecast OR · Resets to sale price
- Current annual tax
- $983 · $82/mo
- Projected year-2 tax
- $1,770 · $148/mo
- Expected delta
- +$787/yr (+$66/mo · 80.1%)
ⓘ 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 7/10 Severe
- Heat 4/10 Moderate 7 d/yr ≥97°F today · 16 d/yr by 30 yrs out
- Wind 1/10 Low
- Air quality 7/10 Severe 8 unhealthy d/yr today · 9 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $16,304
- − Mortgage interest
- −$10,223
- − Property taxes
- −$983
- − Insurance
- −$912
- − Repairs & maintenance
- −$1,304
- − Management
- −$1,304
- − Depreciation
- −$5,309
- Taxable loss
- −$3,732
- Est. tax savings @ 24.0%
- +$896
- After-tax cash flow
- $396/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
- Pendleton SD 16
- NCES district ID
- 4109510
- Math proficiency
- 27% ▼ -11.00%
- Reading proficiency
- 43% ▼ -7.00%
- Median HH income
- $49,009
- Composite
- 30.19/100
- National rank
- #6315
- State rank
- #24 of 58 in OR
Livability — Pendleton
- Score
- 61/100
- State rank
- #267
- US rank
- #17964
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Pendleton, OR
- County
- Umatilla County · 29,551 people
- City population
- 21,575
- Metro
- Hermiston-Pendleton, OR
- Population (ZIP)
- 21,575
- Household income
- $71,639
- Rent vs Own
- Severe rent burden
- 866.0
Population outlook (Umatilla County) Hauer SSP2
- Today (2025)
- 76,329 people
- By 2030
- 75,975 · -0.5%
- By 2040
- 75,119 · -1.6%
- By 2050
- 74,058 · -3.0%
- By 2075
- 70,639 · -7.5%
- By 2100
- 63,441 · -16.9%
Race, ethnicity, and origin ACS 2023
- Neighborhood character
- Predominantly White (75%)
- Race & ethnicity
- White 75% Two or more races 11% Hispanic / Latino 10% Native American 7%
- Hispanic origin (detail)
- Mexican 8%
- Common ancestry
- Italian 4% Slovak 4% Portuguese 4%
- Foreign-born
- 2% · Canada
- Languages at home
- 93% English-only · Spanish 6%
Political lean MEDSL · Umatilla
- 2024 margin
- Solid R (+37.8) · D 29.7% · R 67.5% · Other 2.8%
- 2008→2024 swing
- -15.1pp toward R · 2008: -22.6pp · 2024: -37.8pp
- All cycles
- 2024: R+37.8 2020: R+32.0 2016: R+35.6 2012: R+28.1 2008: R+22.6
Not yet ingested
- Civics
- —
Market trends
- HPI YoY
- ▼ -312.42%
- Current HPI
- 198.6911
- Rent YoY
- ▼ -2.66%
- Metro
- Hermiston-Pendleton, OR
- State GDP YoY
- ▲ 2.05%
- F500 in state
- 2
Industry mix (Fortune 500 HQ in OR)
| Industry | F500 HQs | Revenue |
|---|---|---|
| Consumer Goods | 1 | $51B |
|
||
Price history
+23.2% since first listed17 events — show timeline
- 2026-04-23 Relisted — MLSCO
- 2026-04-23 Relisted — RMLS
- 2026-04-06 Pending — MLSCO
- 2026-04-06 Pending — RMLS
- 2026-02-17 Price Changed $191,000 MLSCO
- 2026-02-15 Price Changed $191,000 RMLS
- 2026-02-10 Price Changed $200,000 MLSCO
- 2026-01-21 Price Changed $200,000 RMLS
- 2026-01-20 Listing Removed — MLSCO
- 2026-01-20 Listed $204,999 MLSCO
- 2025-12-29 Listed $204,999 MLSCO
- 2025-12-29 Listed $204,999 RMLS
- 2025-08-06 Sold (MLS) $114,000 RMLS
- 2025-06-17 Pending — RMLS
- 2025-06-10 Price Changed $120,000 RMLS
- 2025-05-06 Price Changed $140,000 RMLS
- 2025-03-31 Listed $155,000 RMLS
Property tax history
+2.4%/yrLatest (2025): $983 · +2.4% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…