1833 N Jantzen Ave · Portland, OR 97217

$99,000

1 bd · 1.0 ba · 647 sqft · Other · 96 Days on market

Built 1940 $153/sqft · 70% below area ↓ 21% since listing

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +5.0/10.0
• Livability +3.9/5.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Meet me at the river! Best priced floating home & OWNED SLIP on the river! Great layout with open living area plus a bonus loft/primary bedroom with beautiful river views! Located in the well maintained and popular Jantzen Beach Moorage where slips alone are valued around $100,000. Close proximity to I-5, shops & restaurants. This one won't last long, schedule a showing today!

Key facts

• Owned slip
• Open living area
• Bonus loft

Tags

• OWNED SLIP
• OPEN LIVING AREA
• BONUS LOFT
• RIVER VIEWS
• CLOSE PROXIMITY TO I-5
• SHOPS AND RESTAURANTS

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath other listed at $99k.

Deal economics

• At list price, monthly cash flow is $828 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $99k).
• Recommended offer: $90k (9.0% below list) — sets the bar for market timing.
• Cap rate 16.3% vs local median 2.2% in Portland — 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 77/100 on livability (#72 in OR, #3,256 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, health & safety A+; Watch: crime F, cost of living F.
• Market conditions: Rents flat; 298 active listings in the ZIP; 17 comparable units currently listed for rent nearby; rentals leasing fast (median 2d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 2,041 units permitted in Multnomah County in 2024 (905 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $684 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Multnomah County population projected at +33% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 0.9% rent growth), your $28k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 96 days — a 9% lower offer ($90k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1940 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $90,090 (9.0% below list)

Questions for the listing agent

1. It's been on market 96 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1940 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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: 1.93% ✓
• Cap rate: 16.33%
• Cash-on-cash: 35.84%
• DSCR: 2.59
• GRM: 4.3

CMA / ARV

• ARV (median comp): $327,168
• List price: $99,000
• Delta: -69.74%
• Verdict: UNDERPRICED
• Comps: 10 within 2.0 mi

Projected returns pro-forma

-3.0% appreciation · 0.89% rent growth · sell at horizon

5-year hold

• IRR: 29.1%
• Equity multiple: 2.18×
• Total profit: $32,731
• Equity at exit: $14,761

10-year hold

• IRR: 35.2%
• Equity multiple: 3.92×
• Total profit: $80,856
• Equity at exit: $8,560

Cash invested: $27,720 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (CITY): 0 Strongly Tenant-Friendly
• State Oregon: 28 Tenant-Leaning · D+6
• County: — inherits STATE
• City Portland: 0 Strongly Tenant-Friendly · D+39

Mandatory relocation for no-cause evictions; rent increase notice 90 days.

Methodology + full state rankings →

ZIP-level market 97217

• Rents YoY: 0.9%
• Active inventory: 298
• Price-to-rent: 4.3×

Monthly cashflow live

• Estimated rent: $1,914 high
• Mortgage (P&I): −$519
• Tax est. 1.5%: −$124 /mo · $1,485/yr
• Insurance: −$41
• HOA: −$0
• Vacancy / Maint / Mgmt: −$402
• Net cashflow: $828

Break-even live

Break-even rent $866

Max offer price $99,000

Occupancy floor 52%

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: $24,750
• Closing costs: $2,970
• Reserves months: —
• Total cash needed: —

Rent comps 17 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1245 N Anchor Way Portland, OR	2.0	1.0–2.0	856	$1,725	$2.01	1d	16	0.58mi
1055 N Anchor Way Portland, OR	1.0–2.0	1.0–2.0	1056	$1,375	$1.30	1d	34	0.69mi
995 N Marine Dr Portland, OR	2.0	1.0–2.0	924	$1,753	$1.90	2d	11	0.81mi
111 Parkway Pl Vancouver, WA	1.0–2.0	1.0–2.0	983	$2,150	$2.19	1d	3	0.99mi
1111 W Columbia Way Vancouver, WA	2.0	1.0–2.5	857	$3,250	$3.79	1d	28	1.01mi
440 W Columbia Way Vancouver, WA	2.0	1.0–2.0	863	$3,007	$3.48	1d	150	1.02mi
500 W Columbia Way Vancouver, WA	2.0	1.0–2.0	849	$2,904	$3.42	1d	6	1.03mi
1110 W Columbia Way Vancouver, WA	2.0	1.0–2.0	783	$2,740	$3.50	1d	13	1.05mi
1000 W Columbia Way Vancouver, WA	1.0–2.0	1.0–2.0	767	$1,593	$2.08	1d	11	1.07mi
110 N Tomahawk Island Dr Portland, OR	1.0–2.0	1.0–2.0	994	$1,495	$1.50	1d	27	1.09mi
636 W 6th St Vancouver, WA	1.0–2.0	1.0	723	$1,856	$2.57	1d	8	1.15mi
411 Columbia St Vancouver, WA	2.0	1.0–2.0	818	$2,437	$2.98	1d	14	1.15mi
555 W 8th St Vancouver, WA	1.0–2.0	1.0	695	$1,335	$1.92	1d	11	1.22mi
608 Washington St Vancouver, WA	2.0	1.0–2.0	903	$2,444	$2.70	1d	11	1.27mi
300 W 8th St Vancouver, WA	1.0–2.0	1.0–2.0	915	$2,932	$3.20	1d	1	1.31mi
511 W Evergreen Blvd Vancouver, WA	—	1.0	445	$1,098	$2.47	2d	1	1.33mi
615 Main St Vancouver, WA	1.0	1.0	500	$1,170	$2.34	2d	1	1.33mi

Listing history 8 events

1. 2026-06-08
   days on market $99,000 Active 96 DOM
2. 2026-06-07
   days on market $99,000 Active 95 DOM
3. 2026-06-03
   days on market $99,000 Active 91 DOM
4. 2026-06-02
   days on market $99,000 Active 90 DOM
5. 2026-06-01
   days on market $99,000 Active 89 DOM
6. 2026-05-31
   days on market $99,000 Active 88 DOM
7. 2026-05-04
   price $99,000 387-char remark

   Show marketing remark (387 chars)

   Meet me at the river! Best priced floating home & OWNED SLIP on the river! Great layout with open living area plus a bonus loft/primary bedroom with beautiful river views! Located in the well maintained and popular Jantzen Beach Moorage where slips alone are valued around $100,000. Close proximity to I-5, shops & restaurants. This one won't last long, schedule a showing today!

8. 2026-03-04
   listed $124,999 Active 387-char remark

   Show marketing remark (387 chars)

   Meet me at the river! Best priced floating home & OWNED SLIP on the river! Great layout with open living area plus a bonus loft/primary bedroom with beautiful river views! Located in the well maintained and popular Jantzen Beach Moorage where slips alone are valued around $100,000. Close proximity to I-5, shops & restaurants. This one won't last long, schedule a showing today!

ⓘ 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

• 🌡 Heat 3/10 Moderate
• 🫁 Air quality 10/10 Extreme 19 unhealthy d/yr today · 20 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,967
• − Mortgage interest: −$5,546
• − Property taxes: −$1,485
• − Insurance: −$495
• − Repairs & maintenance: −$1,837
• − Management: −$1,837
• − Depreciation: −$2,880
• Taxable income: $8,887
• Est. tax owed @ 24.0%: −$2,133
• After-tax cash flow: $7,801/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)

No district data.

Livability — Portland

• Score: 77/100
• State rank: #72
• US rank: #3256

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Portland, OR
• County: Multnomah County · 786,692 people
• City population: 774,334
• Metro: Portland-Vancouver-Hillsboro, OR-WA
• Population (ZIP): 35,169
• Household income: $100,361
• Rent vs Own: 43.5% rent · 56.5% own
• Severe rent burden: 1532.0

Population outlook (Multnomah County) Hauer SSP2

• Today (2025): 930,825 people
• By 2030: 996,904 · +7.1%
• By 2040: 1,121,379 · +20.5%
• By 2050: 1,242,124 · +33.4%
• By 2075: 1,464,431 · +57.3%
• By 2100: 1,576,181 · +69.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (71%)
• Race & ethnicity: White 71% Two or more races 12% Hispanic / Latino 9% Black 7% Asian 3%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Italian 5% Slovak 4% Portuguese 3%
• Foreign-born: 8% · Canada, China, Vietnam
• Languages at home: 90% English-only · Spanish 4% Other Indo-European 1% Chinese 1%

Political lean MEDSL · Multnomah

• 2024 margin: Solid D (+62.1) · D 79.3% · R 17.2% · Other 3.5%
• 2008→2024 swing: +6.0pp toward D · 2008: 56.1pp · 2024: 62.1pp
• All cycles: 2024: D+62.1 2020: D+61.3 2016: D+58.3 2012: D+54.9 2008: D+56.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -747.13%
• Current HPI: 370.7526
• Rent YoY: ▲ 0.89%
• Metro: Portland-Vancouver-Hillsboro, OR-WA
• 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

-20.8% since first listed

2 events — show timeline

• 2026-05-04 Price Changed $99,000 RMLS
• 2026-03-04 Listed $124,999 RMLS