2925 Knott Ter · Coos Bay, OR 97420

$114,900

2 bd · 2.0 ba · 960 sqft · Other public records · 1 Days on market

Built 1970

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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 +8.7/10.0
• ARV discount +7.5/15.0
• Rent growth +4.7/5.0
• Livability +3.1/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Seller is offering to cover two months space rent to help you settle in with ease! Nicely updated & maintained manufactured home in Alder Acres Senior Park. This comfortable 2 bedroom, 2 bathroom home with detached garage is fully landscaped. Must be park approved. Schedule your showing today, it won't last long. Buyer to verify.

Key facts

• Vinyl windows
• Metal roof
• Mature landscaping

Tags

• UPDATED PLUMBING BENEATH
• METAL ROOF
• VINYL WINDOWS
• FRESHLY RESEALED DECKS
• MATURE LANDSCAPING
• DETACHED GARAGE

Property features AI

Finance

• Other: Property located in a park setting (manufactured home in park)
• Financial info: Monthly lot rent of $865; Land lease expires December 31, 2026
• HOA & community: Community provides sewer, trash and water services; Land lease applies (monthly lot rent)

Exterior

• Parking: Driveway; Detached 1-car garage; Total parking for 1 vehicle
• Utilities: Electric fuel; Public water; Public sewer
• Home design: Manufactured home in a park (residential); Single-story; Main living level is the entry level; Built in 1970; No notable view
• Construction: Metal roof; Metal siding; Built in 1970; Crawl space foundation
• Exterior features: Covered deck; Porch; Fenced yard; Level lot; Paved road access; Metal siding

Interior

• Kitchen: Dishwasher; Free-standing range; Free-standing refrigerator; Microwave
• Bedrooms: Primary bedroom on the main level; Second bedroom on the main level
• Flooring: Vinyl flooring; Wall-to-wall carpet
• Bathrooms: Two full bathrooms (both on the main level)
• Heating & cooling: Forced-air heating; No central air
• Interior features: Ceiling fans; Vinyl flooring; Wall-to-wall carpet; Washer and dryer included; Double-pane windows with vinyl frames; Accessible approach with ramp; Main-floor bedroom with bath; One-level living; Crawl space basement
• Laundry & utility: Washer and dryer included; Electric tank water heater

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath other listed at $115k.

Deal economics

• At list price, monthly cash flow is $567 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $115k).
• Cap rate 12.2% vs local median 4.2% in Coos Bay — 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 (#257 in OR) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety A+, cost of living A; Watch: crime F, amenities F, commute F.
• Coos Bay SD 9 (town): math 22% / reading 39% proficiency, ranked #45 of 58 in OR (top 78%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Marshfield Junior High (math 22% / reading 47%, grade F, #61 of 128 statewide, top 54%, 436 students, 41% FRL); Marshfield Senior High School (math 17% / reading 54%, grade F, #89 of 143 statewide, top 62%, 835 students, 31% FRL) — zoned schools average 36% FRL vs 55% district-wide (19 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: Rents rising fast (+8.7%/yr); 342 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 122 units permitted in Coos County in 2024 (16 in 5+ unit buildings).
• This rent runs 31% of the median local income ($62k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $794 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Coos County population projected to shrink 9% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $32k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 4y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Recommended offer $114,900

Questions for the listing agent

1. Built in 1970 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
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: 1.37% ✓
• Cap rate: 12.21%
• Cash-on-cash: 21.14%
• DSCR: 1.94
• GRM: 6.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 18.7%
• Equity multiple: 1.80×
• Total profit: $25,777
• Equity at exit: $17,132

10-year hold

• IRR: 30.1%
• Equity multiple: 4.32×
• Total profit: $106,714
• Equity at exit: $9,934

Cash invested: $32,172 (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 97420

• Rents YoY: 8.7%
• Active inventory: 342
• Price-to-rent: 6.1×

Monthly cashflow live

• Estimated rent: $1,579 high
• Mortgage (P&I): −$603
• Tax from tax record: −$30 /mo · $359/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$332
• Net cashflow: $567

Break-even live

Break-even rent $861

Max offer price $114,900

Occupancy floor 59%

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: $28,725
• Closing costs: $3,447
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2150 Inland Dr Unit 3643-04 North Bend, OR	2.0	1.0	820	$1,200	$1.46	43d	1	0.71mi
212 Laclair St Coos Bay, OR	2.0	1.0	864	$1,400	$1.62	43d	1	0.96mi
151 Norman Ave Unit 02 Coos Bay, OR	2.0	1.0	1000	$1,300	$1.30	43d	1	1.09mi
949 Blanco Ave Coos Bay, OR	3.0	2.0	1100	$2,500	$2.27	43d	1	1.30mi
267 Ackerman Ave Unit 277 Coos Bay, OR	2.0	1.0	904	$1,550	$1.71	43d	1	1.36mi

Listing history 12 events

1. 2026-05-26
   listed $114,900 Active
2. 2025-08-15
   soldstatus $100,000 Closed 335-char remark

   Show marketing remark (335 chars)

   Seller is offering to cover two months space rent to help you settle in with ease! Nicely updated & maintained manufactured home in Alder Acres Senior Park. This comfortable 2 bedroom, 2 bathroom home with detached garage is fully landscaped. Must be park approved. Schedule your showing today, it won't last long. Buyer to verify.

3. 2025-08-11
   status Pending 335-char remark

   Show marketing remark (335 chars)

   Seller is offering to cover two months space rent to help you settle in with ease! Nicely updated & maintained manufactured home in Alder Acres Senior Park. This comfortable 2 bedroom, 2 bathroom home with detached garage is fully landscaped. Must be park approved. Schedule your showing today, it won't last long. Buyer to verify.

4. 2025-06-20
   price $109,000 335-char remark

   Show marketing remark (335 chars)

   Seller is offering to cover two months space rent to help you settle in with ease! Nicely updated & maintained manufactured home in Alder Acres Senior Park. This comfortable 2 bedroom, 2 bathroom home with detached garage is fully landscaped. Must be park approved. Schedule your showing today, it won't last long. Buyer to verify.

5. 2025-04-22
   price $112,000 335-char remark

   Show marketing remark (335 chars)

   Seller is offering to cover two months space rent to help you settle in with ease! Nicely updated & maintained manufactured home in Alder Acres Senior Park. This comfortable 2 bedroom, 2 bathroom home with detached garage is fully landscaped. Must be park approved. Schedule your showing today, it won't last long. Buyer to verify.

6. 2025-03-04
   listed $119,000 Active 335-char remark

   Show marketing remark (335 chars)

   Seller is offering to cover two months space rent to help you settle in with ease! Nicely updated & maintained manufactured home in Alder Acres Senior Park. This comfortable 2 bedroom, 2 bathroom home with detached garage is fully landscaped. Must be park approved. Schedule your showing today, it won't last long. Buyer to verify.

7. 2022-09-16
   soldstatus $108,000 Closed 508-char remark

   Show marketing remark (508 chars)

   Wonderfully updated & maintained manufactured home in the desirable Alder Acres Senior Park. This spacious 2 bedroom, 2 bath home has been fully landscaped with custom features. Fenced back yard for privacy. Covered front & back decks. The detached single car garage is over-sized & has a shop area (Over 323 Sq. Ft. of space). Beginning 9-1-22 space rent to be $495.95 per month & includes water/sewer/garbage. New metal roof 2007. Must be park approved prior to writing an offer. Cash Only.

8. 2022-09-05
   status Pending 508-char remark

   Show marketing remark (508 chars)

   Wonderfully updated & maintained manufactured home in the desirable Alder Acres Senior Park. This spacious 2 bedroom, 2 bath home has been fully landscaped with custom features. Fenced back yard for privacy. Covered front & back decks. The detached single car garage is over-sized & has a shop area (Over 323 Sq. Ft. of space). Beginning 9-1-22 space rent to be $495.95 per month & includes water/sewer/garbage. New metal roof 2007. Must be park approved prior to writing an offer. Cash Only.

9. 2022-08-17
   listed $119,500 Active 508-char remark

   Show marketing remark (508 chars)

   Wonderfully updated & maintained manufactured home in the desirable Alder Acres Senior Park. This spacious 2 bedroom, 2 bath home has been fully landscaped with custom features. Fenced back yard for privacy. Covered front & back decks. The detached single car garage is over-sized & has a shop area (Over 323 Sq. Ft. of space). Beginning 9-1-22 space rent to be $495.95 per month & includes water/sewer/garbage. New metal roof 2007. Must be park approved prior to writing an offer. Cash Only.

10. 1999-07-03
    soldstatus $10,000
11. 1999-06-11
    soldstatus $15,500
12. 1999-05-25
    soldstatus $6,500

ⓘ 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: $359 · $30/mo
• Projected year-2 tax: $1,115 · $93/mo
• Expected delta: +$755/yr (+$63/mo · 210.4%)

ⓘ 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 · 23 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: $18,944
• − Mortgage interest: −$6,436
• − Property taxes: −$359
• − Insurance: −$574
• − Repairs & maintenance: −$1,516
• − Management: −$1,516
• − Depreciation: −$3,343
• Taxable income: $5,201
• Est. tax owed @ 24.0%: −$1,248
• After-tax cash flow: $5,553/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: Coos Bay SD 9
• NCES district ID: 4103660
• Math proficiency: 22% ▼ -6.00%
• Reading proficiency: 39% ▼ -4.00%
• Median HH income: $38,630
• Composite: 25.46/100
• National rank: #7450
• State rank: #45 of 58 in OR

Livability — Coos Bay

• Score: 61/100
• State rank: #257
• US rank: #17474

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Coos Bay, OR
• County: Coos County · 27,621 people
• City population: 27,621
• Metro: Coos Bay, OR
• Population (ZIP): 27,621
• Household income: $61,574
• Rent vs Own: 32.7% rent · 67.3% own
• Severe rent burden: 799.0

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 (81%)
• Race & ethnicity: White 81% Hispanic / Latino 10% Two or more races 8% Native American 2% Asian 1%
• Hispanic origin (detail): Mexican 7%
• Common ancestry: Italian 5% Slovak 3% Lithuanian 3%
• Foreign-born: 5% · Canada, Vietnam
• Languages at home: 92% English-only · Spanish 6%

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: ▼ -315.58%
• Current HPI: 198.3249
• Rent YoY: ▲ 8.65%
• Metro: Coos Bay, 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

+1667.7% since first listed

12 events — show timeline

• 2026-05-26 Listed $114,900 RMLS
• 2025-08-15 Sold (MLS) $100,000 RMLS
• 2025-08-11 Pending — RMLS
• 2025-06-20 Price Changed $109,000 RMLS
• 2025-04-22 Price Changed $112,000 RMLS
• 2025-03-04 Listed $119,000 RMLS
• 2022-09-16 Sold (MLS) $108,000 RMLS
• 2022-09-05 Pending — RMLS
• 2022-08-17 Listed $119,500 RMLS
• 1999-07-03 Sold (Public Records) $10,000 Public Records
• 1999-06-11 Sold (Public Records) $15,500 Public Records
• 1999-05-25 Sold (Public Records) $6,500 Public Records

Property tax history

+3.8%/yr

Latest (2025): $359 · +1.5% YoY. Source: county tax records.