1413 Hawthorne Ave #20 · Reedsport, OR 97467

$71,500

2 bd · 1.0 ba · 672 sqft · Manufactured public records · 79 Days on market

Built 1972 $106/sqft · 208% above area

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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
• DSCR +10.0/10.0
• 1% rule +9.7/10.0
• ARV discount +7.5/15.0
• Livability +3.2/5.0
• Schools +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

PRICE REDUCED! Beautifully Updated Mobile Home in Reedsport! 2 +1 extra room for office or den, 1 Bath located in a family friendly, well kept park! This home has been completely remodeled from ceiling to floors two years ago. Some features include new kitchen cabinets and counter tops, stainless steel appliances and a washer and dryer. Newly drywalled throughout the home. The windows are vinal and double paned. There is a nice shed in the yard to store your lawnmower and yard tools! The location is by quaint shops, grocery stores and wonderful local restaurants! There are many lakes, rivers and the Pacific Ocean within a short drive, all which hosts a variety of recreation, hiking, fishing, crabbing and enjoying the Oregon Dunes. Come live and play here on the coast! Call me when you want to look at it!

Key facts

• New floors
• Updated mobile home
• Vinyl windows

Tags

• UPDATED MOBILE HOME
• NEW KITCHEN CABINETS
• NEW COUNTER TOPS
• NEW APPLIANCES
• NEW FLOORS
• VINYL WINDOWS

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $72k.

Deal economics

• At list price, monthly cash flow is $337 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $72k).
• Recommended offer: $67k (6.0% below list) — sets the bar for market timing.
• Cap rate 13.1% vs local median 3.1% in Reedsport — 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 63/100 on livability (#224 in OR) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing B; Watch: health & safety C-, employment D, schools F.
• Reedsport SD 105 (town): math 28% / reading 42% proficiency, ranked #143 of 183 in OR (top 78%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 69 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 190 units permitted in Douglas County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $494 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Douglas County population projected at -13% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $20k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 79 days — a 6% lower offer ($67k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 14y ago; this cycle's ask has dropped $8k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.

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 $67,210 (6.0% below list)

Questions for the listing agent

1. It's been on market 79 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1972 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. 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.
8. 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.
9. 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: 1.47% ✓
• Cap rate: 13.07%
• Cash-on-cash: 24.20%
• DSCR: 2.08
• GRM: 5.7

CMA / ARV

• ARV (median comp): $23,228
• List price: $71,500
• Delta: 207.82%
• Verdict: OVERPRICED
• Comps: 4 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1413 Hawthorne Ave #20	0.00mi	2/1.0	672 (0%)	1mo	$68,000	$101	99

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: 12.4%
• Equity multiple: 1.50×
• Total profit: $9,915
• Equity at exit: $10,661

10-year hold

• IRR: 21.4%
• Equity multiple: 2.82×
• Total profit: $36,360
• Equity at exit: $6,182

Cash invested: $20,020 (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

SB608 (2019): statewide rent cap (7% + CPI) and just-cause for tenancies > 1 yr. Portland has relocation assistance ordinance.

Methodology + full state rankings →

ZIP-level market 97467

• Home prices YoY: -10.9%
• Active inventory: 69
• Price-to-rent: 5.7×

Monthly cashflow live

• Estimated rent: $1,050 medium
• Mortgage (P&I): −$375
• Tax from tax record: −$21 /mo · $251/yr
• Insurance: −$30
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$220
• Net cashflow: $337

Break-even live

Break-even rent $623

Max offer price $71,500

Occupancy floor 63%

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: $17,875
• Closing costs: $2,145
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
751 Elm Ave Unit 04 Reedsport, OR	1.0	1.0	687	$1,050	$1.53	43d	1	0.55mi

Listing history 9 events

1. 2026-05-05
   status Pending 815-char remark

   Show marketing remark (815 chars)

   PRICE REDUCED! Beautifully Updated Mobile Home in Reedsport! 2 +1 extra room for office or den, 1 Bath located in a family friendly, well kept park! This home has been completely remodeled from ceiling to floors two years ago. Some features include new kitchen cabinets and counter tops, stainless steel appliances and a washer and dryer. Newly drywalled throughout the home. The windows are vinal and double paned. There is a nice shed in the yard to store your lawnmower and yard tools! The location is by quaint shops, grocery stores and wonderful local restaurants! There are many lakes, rivers and the Pacific Ocean within a short drive, all which hosts a variety of recreation, hiking, fishing, crabbing and enjoying the Oregon Dunes. Come live and play here on the coast! Call me when you want to look at it!

2. 2026-03-31
   price $71,500 815-char remark

   Show marketing remark (815 chars)

   PRICE REDUCED! Beautifully Updated Mobile Home in Reedsport! 2 +1 extra room for office or den, 1 Bath located in a family friendly, well kept park! This home has been completely remodeled from ceiling to floors two years ago. Some features include new kitchen cabinets and counter tops, stainless steel appliances and a washer and dryer. Newly drywalled throughout the home. The windows are vinal and double paned. There is a nice shed in the yard to store your lawnmower and yard tools! The location is by quaint shops, grocery stores and wonderful local restaurants! There are many lakes, rivers and the Pacific Ocean within a short drive, all which hosts a variety of recreation, hiking, fishing, crabbing and enjoying the Oregon Dunes. Come live and play here on the coast! Call me when you want to look at it!

3. 2026-02-15
   listed $79,000 Active 815-char remark

   Show marketing remark (815 chars)

   PRICE REDUCED! Beautifully Updated Mobile Home in Reedsport! 2 +1 extra room for office or den, 1 Bath located in a family friendly, well kept park! This home has been completely remodeled from ceiling to floors two years ago. Some features include new kitchen cabinets and counter tops, stainless steel appliances and a washer and dryer. Newly drywalled throughout the home. The windows are vinal and double paned. There is a nice shed in the yard to store your lawnmower and yard tools! The location is by quaint shops, grocery stores and wonderful local restaurants! There are many lakes, rivers and the Pacific Ocean within a short drive, all which hosts a variety of recreation, hiking, fishing, crabbing and enjoying the Oregon Dunes. Come live and play here on the coast! Call me when you want to look at it!

4. 2024-05-15
   soldstatus $109,000 Closed 396-char remark

   Show marketing remark (396 chars)

   Newly updated and remodeled home located in one of the most desirable spots in Umpqua Mobile Village with access from your Backyard to Scholfield River Dyke and Greenspace for Enjoying the Gorgeous Outdoors. Completely New Kitchen, New Flooring, Stainless Whirlpool Appliances and Paint inside and out. Nice Carport. Easy Living- Must See! Space Rent currently $583- includes Water/Sewer/Garbage.

5. 2024-04-26
   status Pending 396-char remark

   Show marketing remark (396 chars)

   Newly updated and remodeled home located in one of the most desirable spots in Umpqua Mobile Village with access from your Backyard to Scholfield River Dyke and Greenspace for Enjoying the Gorgeous Outdoors. Completely New Kitchen, New Flooring, Stainless Whirlpool Appliances and Paint inside and out. Nice Carport. Easy Living- Must See! Space Rent currently $583- includes Water/Sewer/Garbage.

6. 2024-04-05
   listed $109,900 Active 396-char remark

   Show marketing remark (396 chars)

   Newly updated and remodeled home located in one of the most desirable spots in Umpqua Mobile Village with access from your Backyard to Scholfield River Dyke and Greenspace for Enjoying the Gorgeous Outdoors. Completely New Kitchen, New Flooring, Stainless Whirlpool Appliances and Paint inside and out. Nice Carport. Easy Living- Must See! Space Rent currently $583- includes Water/Sewer/Garbage.

7. 2012-01-18
   soldstatus $8,000 Sold
8. 2012-01-06
   status Pending
9. 2012-01-05
   listed $8,000 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: $251 · $21/mo
• Projected year-2 tax: $694 · $58/mo
• Expected delta: +$442/yr (+$37/mo · 176.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 9/10 Extreme FEMA zone X · 96% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 1/10 Low 9 d/yr ≥79°F today · 21 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 6/10 Major 8 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,600
• − Mortgage interest: −$4,005
• − Property taxes: −$251
• − Insurance: −$1,155
• − Repairs & maintenance: −$1,008
• − Management: −$1,008
• − Depreciation: −$2,080
• Taxable income: $3,093
• Est. tax owed @ 24.0%: −$742
• After-tax cash flow: $3,306/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: Reedsport SD 105
• NCES district ID: 4110410
• Math proficiency: 28% ▲ 7.00%
• Reading proficiency: 42% ▲ 5.00%
• Median HH income: $34,496
• Composite: 31.47/100
• National rank: #11187
• State rank: #143 of 183 in OR

Livability — Reedsport

• Score: 63/100
• State rank: #224
• US rank: #15146

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Reedsport, OR
• Population (ZIP): 5,300

Population outlook (Douglas County) Hauer SSP2

• Today (2025): 105,191 people
• By 2030: 102,664 · -2.4%
• By 2040: 96,668 · -8.1%
• By 2050: 91,279 · -13.2%
• By 2075: 79,395 · -24.5%
• By 2100: 66,107 · -37.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (89%)
• Race & ethnicity: White 89% Two or more races 7% Hispanic / Latino 3%
• Common ancestry: Portuguese 6% Serbian 2% Slovak 2%
• Foreign-born: 1% · Canada
• Languages at home: 96% English-only · Spanish 3% German/W. Germanic 1%

Political lean MEDSL · Douglas

• 2024 margin: Solid R (+37.7) · D 29.9% · R 67.6% · Other 2.5%
• 2008→2024 swing: -17.6pp toward R · 2008: -20.1pp · 2024: -37.7pp
• All cycles: 2024: R+37.7 2020: R+37.5 2016: R+39.4 2012: R+27.6 2008: R+20.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -42.19%
• Current HPI: 345.8251
• Rent YoY: —
• Metro: —
• 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

+793.8% since first listed

9 events — show timeline

• 2026-05-05 Pending — RMLS
• 2026-03-31 Price Changed $71,500 RMLS
• 2026-02-15 Listed $79,000 RMLS
• 2024-05-15 Sold (MLS) $109,000 RMLS
• 2024-04-26 Pending — RMLS
• 2024-04-05 Listed $109,900 RMLS
• 2012-01-18 Sold (MLS) $8,000 RMLS
• 2012-01-06 Pending — RMLS
• 2012-01-05 Listed $8,000 RMLS

Property tax history

+1.4%/yr

Latest (2025): $251 · +64.7% YoY. Source: county tax records.