1726 Johnson St · North Bend, OR 97459

$349,000

4 bd · 2.0 ba · 1,851 sqft · SingleFamily public records · 30 Days on market

Built 1951 6,011 sqft lot Est $481k · 27% under

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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).

• ARV discount +15.0/15.0
• Appreciation +10.0/10.0
• Cash flow +8.0/30.0
• Livability +3.6/5.0
• Schools +3.3/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +2.1/10.0
• 1% rule +1.5/10.0

Listing remarks

Opportunity, space, and location—this home checks all the boxes! This welcoming single level home offers 1,851 sq ft with 4 bedrooms and 2 full bathrooms! Inside, you’ll find a large kitchen, living room, separate recreational room, and a separate laundry room, providing flexible living space to fit a variety of needs. Recent updates include vinyl flooring in the main areas and refreshed exterior paint. The fully fenced yard features a large shed with wood storage and ample outdoor space, ideal for gardening, pets, or outdoor gatherings. This home has been well cared for by the same owner since 1959, and offers a great opportunity for further updates and personalization. This pr

Key facts

• Ample outdoor space
• Large kitchen
• Large shed

Tags

• LARGE KITCHEN
• SEPARATE RECREATIONAL ROOM
• SEPARATE LAUNDRY ROOM
• FULLY FENCED YARD
• LARGE SHED
• AMPLE OUTDOOR SPACE

Property features AI

Finance

• Financial info: No land lease
• HOA & community: Not a senior community; Zoned R-6

Exterior

• Parking: Driveway; On-street parking
• Security: No security features listed
• Utilities: Electric hot water; Electric fuel; Public water; Public sewer
• Home design: Single-family residence; Residential property; Resale condition; Main living area on one level; Territorial view
• Construction: Built in 1951; Block and concrete perimeter foundation
• Exterior features: Fenced yard; Tool shed; Yard; Cement siding; Composition roof

Interior

• Kitchen: Free-standing range; Free-standing refrigerator
• Bedrooms: Primary bedroom on main level; Second bedroom on main level; Third bedroom on main level; Fourth bedroom on main level
• Flooring: Vinyl flooring
• Bathrooms: Two full bathrooms (both on the main level)
• Heating & cooling: Baseboard heating; Wall heater; Wood stove; No central air
• Interior features: One-level accessibility; Vinyl flooring; Washer and dryer present; Wood-burning fireplace (1)
• Laundry & utility: Main-level laundry

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $349k.

Deal economics

• At list price, monthly cash flow is $-355 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $286k (18.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $228k (34.7% below list).
• Recommended offer: $228k (34.7% below list) — sets the bar for 1% rule.
• Cap rate 5.1% vs local median 3.6% in North Bend — 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 72/100 on livability (#105 in OR) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety A+, cost of living B+; Watch: employment C-, amenities F, commute F.
• North Bend SD 13 (town): math 30% / reading 47% proficiency, ranked #21 of 58 in OR (top 36%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: North Bay Elementary School (math 34% / reading 42%, grade F, #197 of 412 statewide, top 48%, 443 students, 69% FRL); North Bend Middle School (math 24% / reading 45%, grade F, #61 of 128 statewide, top 54%, 494 students, 68% FRL); North Bend Senior High School (math 75% / reading 75%, grade A-, #2 of 143 statewide, top 6%, 731 students, 30% FRL) — zoned schools average 56% FRL vs 40% district-wide (16 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 170 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 122 units permitted in Coos County in 2024 (16 in 5+ unit buildings).

Forward outlook

• In year one you build about $37k of equity ($2k loan paydown + $35k appreciation (10.0% local appreciation)).
• Coos County population projected to shrink 9% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• By year 2, paydown + projected appreciation supports a ~$60k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 30 days — a 2% lower offer ($344k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1951 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $227,727 (34.7% below list)

Questions for the listing agent

1. 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?
2. Built in 1951 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are B-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. 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?
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: 0.65% ✗
• Cap rate: 5.07%
• Cash-on-cash: -4.36%
• DSCR: 0.81
• GRM: 12.8

CMA / ARV

• ARV (on-the-fly): $481,260
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1825 Grant St	0.08mi	4/2.0	1,674 (-10%)	9mo	$365,000	$218	72
2130 Fir St	0.40mi	3/2.0 (-1)	1,854 (+0%)	11mo	$555,000	$299	67
1655 Garfield St	0.14mi	3/2.0 (-1)	1,629 (-12%)	7mo	$385,000	$236	63
1879 Steelhead St	0.38mi	3/2.0 (-1)	1,702 (-8%)	10mo	$470,000	$276	56
2614 Montana St	0.14mi	3/2.0 (-1)	1,576 (-15%)	10mo	$495,000	$314	55
1884 Steelhead St	0.39mi	3/2.0 (-1)	1,950 (+5%)	16mo	$549,000	$282	54
1115 Fenwick	0.68mi	3/2.0 (-1)	1,832 (-1%)	10mo	$440,000	$240	53
1945 Oak St	0.30mi	4/3.0	1,636 (-12%)	13mo	$425,000	$260	52
2143 Ash St	0.48mi	3/3.0 (-1)	1,620 (-12%)	5mo	$390,000	$241	44
2337 Laura Ln	0.68mi	3/3.0 (-1)	1,726 (-7%)	11mo	$450,000	$261	39
2134 Everett Ave	0.72mi	4/3.0	2,000 (+8%)	12mo	$414,000	$207	39
937 Stillwater Dr	0.73mi	3/2.0 (-1)	1,577 (-15%)	11mo	$290,000	$184	27

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 21.2%
• Equity multiple: 2.71×
• Total profit: $167,352
• Equity at exit: $314,407

10-year hold

• IRR: 19.2%
• Equity multiple: 6.22×
• Total profit: $510,349
• Equity at exit: $678,030

Cash invested: $97,720 (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 97459

• Home prices YoY: 1.6%
• Active inventory: 170
• Price-to-rent: 12.8×

Monthly cashflow live

• Estimated rent: $2,277 medium
• Mortgage (P&I): −$1,830
• Tax from tax record: −$178 /mo · $2,139/yr
• Insurance: −$145
• HOA: −$0
• Vacancy / Maint / Mgmt: −$478
• Net cashflow: $-355

Break-even live

Break-even rent $2,726

Max offer price $286,321

Occupancy floor —

Sensitivity live

Price	-10% $-157	-5% $-256	+0% $-355	+5% $-454	+10% $-552
Rent	-10% $-535	-5% $-445	+0% $-355	+5% $-265	+10% $-175
Rate	-1.0pp $-179	-0.5pp $-266	base $-355	+0.5pp $-445	+1.0pp $-537

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: $87,250
• Closing costs: $10,470
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1886 15th St North Bend, OR	4.0	2.0	1680	$2,400	$1.43	45d	1	0.92mi
2146 Monroe Ave Unit 2146 North Bend, OR	3.0	1.5	1456	$2,100	$1.44	45d	1	1.15mi

Listing history 18 events

1. 2026-06-21
   days on market $349,000 Active 30 DOM
2. 2026-06-19
   days on market $349,000 Active 28 DOM
3. 2026-06-18
   days on market $349,000 Active 27 DOM
4. 2026-06-17
   days on market $349,000 Active 26 DOM
5. 2026-06-16
   days on market $349,000 Active 25 DOM
6. 2026-06-15
   days on market $349,000 Active 24 DOM
7. 2026-06-14
   days on market $349,000 Active 22 DOM
8. 2026-06-12
   days on market $349,000 Active 21 DOM
9. 2026-06-09
   days on market $349,000 Active 18 DOM
10. 2026-06-08
    days on market $349,000 Active 17 DOM
11. 2026-06-07
    days on market $349,000 Active 16 DOM
12. 2026-06-05
    days on market $349,000 Active 13 DOM
13. 2026-06-03
    days on market $349,000 Active 12 DOM
14. 2026-06-02
    days on market $349,000 Active 11 DOM
15. 2026-06-01
    days on market $349,000 Active 10 DOM
16. 2026-05-31
    days on market $349,000 Active 9 DOM
17. 2026-05-30
    days on market $349,000 Active 8 DOM
18. 2026-05-22
    listed $349,000 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: $2,139 · $178/mo
• Projected year-2 tax: $3,385 · $282/mo
• Expected delta: +$1,246/yr (+$104/mo · 58.3%)

ⓘ 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 1/10 Low
• 🌡 Heat 1/10 Low 8 d/yr ≥76°F today · 22 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 6/10 Major 9 unhealthy d/yr today · 9 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,327
• − Mortgage interest: −$19,549
• − Property taxes: −$2,139
• − Insurance: −$1,745
• − Repairs & maintenance: −$2,186
• − Management: −$2,186
• − Depreciation: −$10,153
• Taxable loss: −$10,631
• Est. tax savings @ 24.0%: +$2,551
• After-tax cash flow: $-1,706/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: North Bend SD 13
• NCES district ID: 4108820
• Math proficiency: 30% ▼ -3.00%
• Reading proficiency: 47% ▼ -6.00%
• Median HH income: $43,614
• Composite: 32.57/100
• National rank: #5681
• State rank: #21 of 58 in OR

Livability — North Bend

• Score: 72/100
• State rank: #105
• US rank: #5876

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: North Bend, OR
• Population (ZIP): 15,328

Population outlook (Coos County) Hauer SSP2

• Today (2025): 62,222 people
• By 2030: 61,120 · -1.8%
• By 2040: 58,478 · -6.0%
• By 2050: 56,819 · -8.7%
• By 2075: 54,915 · -11.7%
• By 2100: 51,403 · -17.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (82%)
• Race & ethnicity: White 82% Two or more races 10% Hispanic / Latino 7% Asian 3% Native American 2%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Italian 7% Portuguese 4% Lithuanian 3%
• Foreign-born: 5% · Canada, China, Philippines
• Languages at home: 94% English-only · Spanish 2% Chinese 1% Other Asian/Pacific 1%

Political lean MEDSL · Coos

• 2024 margin: R (+19.9) · D 38.7% · R 58.5% · Other 2.8%
• 2008→2024 swing: -16.8pp toward R · 2008: -3.1pp · 2024: -19.9pp
• All cycles: 2024: R+19.9 2020: R+20.5 2016: R+24.3 2012: R+6.3 2008: R+3.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 14.02%
• Current HPI: 887.7
• 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

1 event — show timeline

• 2026-05-22 Listed $349,000 RMLS

Property tax history

+2.3%/yr

Latest (2025): $2,139 · -0.9% YoY. Source: county tax records.