2150 Laura St #57 · Springfield, OR 97477

$39,999

2 bd · 1.0 ba · 840 sqft · Manufactured public records · 253 Days on market

Built 1972 $48/sqft · 35% below area Est $62k · 35% under

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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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +4.2/5.0
• Rent growth +3.7/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Affordable Living in a 55+ CommunityLooking for comfort, convenience, and a place to call home? This well-maintained 2 bedroom, 1 bath home might be exactly what you’ve been waiting for Solid 1972 manufactured home in great condition New HVAC (2019) + Central A/C for year-round comfortUpdated vinyl windows Ramp for easy access Washer & Dryer INCLUDED Two storage sheds = plenty of extra spaceSpace rent: $827/month.

Key facts

• Ramp for easy access
• Central a/c
• Two storage sheds

Tags

• CENTRAL A/C
• RAMP FOR EASY ACCESS
• TWO STORAGE SHEDS
• WASHER & DRYER INCLUDED

🏷️ Possibly a rental listed for sale. The $39,999 price doesn't fit this home's estimated sale value (~$61,929) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $40k.

Deal economics

• At list price, monthly cash flow is $956 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $40k).
• Recommended offer: $35k (12.0% below list) — sets the bar for market timing.
• Cap rate 35.0% vs local median 3.0% in Springfield — 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 83/100 on livability (#40 in OR, #934 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, housing A+; Watch: schools D+, crime D+, employment D+.
• Springfield SD 19 (suburban): math 19% / reading 38% proficiency, ranked #48 of 58 in OR (top 83%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: Rents rising fast (+4.8%/yr); 163 active listings in the ZIP; 37 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 1,808 units permitted in Lane County in 2024 (972 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $276 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• Lane County population projected at +15% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 4.8% rent growth), your $11k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 253 days — a 12% lower offer ($35k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts; this cycle's ask has dropped $5k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $35,199 (12.0% below list)

Questions for the listing agent

1. It's been on market 253 days. Have you received any prior offers? Is the seller open to a 12% 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. 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. 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?
6. 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?
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: 3.90% ✓
• Cap rate: 34.97%
• Cash-on-cash: 102.41%
• DSCR: 5.56
• GRM: 2.1

CMA / ARV

• ARV (median comp): $61,929
• List price: $39,999
• Delta: -35.41%
• Verdict: UNDERPRICED
• Comps: 8 within 1.0 mi

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2150 Laura St #81	0.00mi	2/1.0	840 (0%)	0mo	$26,000	$31	100
2150 Laura St #65	0.00mi	2/1.0	734 (-13%)	1mo	$46,000	$63	78
2150 Laura St #12	0.00mi	2/1.0	750 (-11%)	10mo	$22,000	$29	74
2150 Laura St #91	0.00mi	2/1.0	720 (-14%)	15mo	$18,000	$25	64
416 Lochaven Ave	0.07mi	2/2.0	960 (+14%)	8mo	$314,000	$327	62
2150 Laura St #90	0.00mi	2/1.0	725 (-14%)	21mo	$35,000	$48	60
2150 Laura St #25	0.00mi	2/1.0	960 (+14%)	21mo	$20,000	$21	58
1120 W Fairview Dr #10	0.57mi	2/1.0	784 (-7%)	11mo	$80,500	$103	53
1120 W Fairview Dr #7	0.57mi	3/1.0 (+1)	728 (-13%)	10mo	$53,500	$73	38

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 · 4.81% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 6.12×
• Total profit: $57,308
• Equity at exit: $5,964

10-year hold

• IRR: —
• Equity multiple: 13.56×
• Total profit: $140,696
• Equity at exit: $3,458

Cash invested: $11,200 (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 97477

• Rents YoY: 4.8%
• Active inventory: 163
• Price-to-rent: 2.1×

Monthly cashflow live

• Estimated rent: $1,560 high
• Mortgage (P&I): −$210
• Tax est. 1.5%: −$50 /mo · $600/yr
• Insurance: −$17
• HOA: −$0
• Vacancy / Maint / Mgmt: −$328
• Net cashflow: $956

Break-even live

Break-even rent $350

Max offer price $39,999

Occupancy floor 34%

Sensitivity live

Price	-10% $983	-5% $970	+0% $956	+5% $942	+10% $928
Rent	-10% $833	-5% $894	+0% $956	+5% $1,017	+10% $1,079
Rate	-1.0pp $976	-0.5pp $966	base $956	+0.5pp $945	+1.0pp $935

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: $10,000
• Closing costs: $1,200
• Reserves months: —
• Total cash needed: —

Rent comps 37 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
363 Lindale Dr Springfield, OR	2.0	1.0	776	$1,522	$1.96	14d	10	0.12mi
2220 Shadylane Dr Springfield, OR	2.0	1.5	860	$1,730	$2.01	21d	4	0.19mi
460 Lindale Dr Springfield, OR	1.0–2.0	1.0	770	$1,839	$2.39	14d	9	0.20mi
2255 Shadylane Dr Unit 2253 Springfield, OR	2.0	1.0	810	$1,595	$1.97	44d	1	0.22mi
2420 Pheasant Blvd Apt 10 Springfield, OR	2.0	1.0	835	$1,195	$1.43	21d	1	0.27mi
565 Harlow Rd Springfield, OR	2.0	1.0	855	$1,592	$1.86	14d	8	0.27mi
636 W Quinalt St Springfield, OR	3.0	1.5	1045	$1,595	$1.53	44d	1	0.37mi
668 W Quinalt St Springfield, OR	3.0	1.5	1100	$1,695	$1.54	44d	1	0.38mi
243 R St Springfield, OR	1.0–3.0	1.0–2.5	867	$1,649	$1.90	44d	6	0.47mi
243 R St Springfield, OR	2.0	1.5	830	$1,649	$1.99	14d	5	0.47mi
486 W N St Springfield, OR	2.0	1.0	800	$1,345	$1.68	44d	1	0.55mi
885 Oakdale Ave Springfield, OR	2.0	1.0	844	$1,502	$1.78	21d	5	0.60mi
2555 Gateway St Springfield, OR	2.0	1.0	682	$1,649	$2.42	21d	14	0.61mi
506 W Centennial Blvd Springfield, OR	1.0–3.0	1.0–2.0	1182	$1,684	$1.42	21d	3	0.68mi
506 W Centennial Blvd Springfield, OR	2.0	1.0	885	$1,684	$1.90	14d	4	0.68mi
1725 N 5th St Unit P-070 Springfield, OR	1.0	1.0	580	$1,395	$2.41	44d	1	0.78mi
1725 5th St Springfield, OR	1.0–2.0	1.0	705	$1,495	$2.12	14d	9	0.84mi
3033 Gateway St Springfield, OR	1.0–2.0	1.0	750	$1,700	$2.27	14d	15	0.85mi
844 Mill St Springfield, OR	1.0	1.0	600	$1,095	$1.82	44d	1	1.02mi
844 Mill St Springfield, OR	1.0	1.0	600	$1,095	$1.82	45d	1	1.02mi
844 Mill St Springfield, OR	2.0	1.0	700	$1,295	$1.85	21d	1	1.02mi
3255 Gateway St Springfield, OR	2.0	1.0	640	$1,535	$2.40	14d	1	1.02mi
175 G St Unit C Springfield, OR	3.0	1.0	975	$1,450	$1.49	44d	1	1.07mi
700 1st St Unit 18 Springfield, OR	2.0	1.0	900	$1,350	$1.50	14d	1	1.10mi
650 Mill St Unit 18 Springfield, OR	2.0	1.0	700	$1,095	$1.56	44d	1	1.11mi
1201 R St Unit 3 Springfield, OR	2.0	1.0	850	$1,395	$1.64	44d	1	1.14mi
1217 R St #5 Springfield, OR	2.0	1.0	900	$1,395	$1.55	21d	1	1.17mi
243 F St Unit 20 Springfield, OR	2.0	1.0	720	$1,095	$1.52	21d	1	1.17mi
275 S Garden Way Eugene, OR	1.0	1.0	467	$1,479	$3.17	14d	22	1.18mi
1253 R St Unit 4 Springfield, OR	2.0	1.5	1000	$1,295	$1.29	44d	1	1.19mi
745 6th St Springfield, OR	1.0	1.0	710	$1,295	$1.82	21d	1	1.22mi
277 Deadmond Ferry Rd Springfield, OR	2.0	1.5	843	$1,750	$2.08	14d	1	1.24mi
430 Pioneer Pkwy W Unit 432 Springfield, OR	2.0	1.5	1100	$1,795	$1.63	44d	1	1.31mi
3440 Westward Ho Ave Unit 3440 Eugene, OR	2.0	1.0	950	$1,995	$2.10	44d	1	1.36mi
429 Lindley Ln Eugene, OR	2.0	1.0	800	$1,400	$1.75	21d	1	1.38mi
3450 McKenna Dr Eugene, OR	1.0–2.0	1.0–2.0	1125	$1,720	$1.53	14d	5	1.47mi
375 Marche Chase Dr Eugene, OR	1.0–2.0	1.0–2.0	896	$1,960	$2.19	14d	8	1.48mi

Listing history 21 events

1. 2026-06-18
   days on market $39,999 Active 253 DOM
2. 2026-06-17
   remarks 420-char remark
3. 2026-06-17
   days on market $39,999 Active 252 DOM
4. 2026-06-16
   days on market $39,999 Active 251 DOM
5. 2026-06-15
   days on market $39,999 Active 250 DOM
6. 2026-06-14
   days on market $39,999 Active 248 DOM
7. 2026-06-10
   pricedays on market $39,999 Active 245 DOM
8. 2026-06-09
   days on market $45,000 Active 244 DOM
9. 2026-06-08
   days on market $45,000 Active 243 DOM
10. 2026-06-07
    days on market $45,000 Active 242 DOM
11. 2026-06-03
    days on market $45,000 Active 238 DOM
12. 2026-06-02
    days on market $45,000 Active 237 DOM
13. 2026-06-01
    days on market $45,000 Active 236 DOM
14. 2026-05-31
    days on market $45,000 Active 235 DOM
15. 2026-05-30
    days on market $45,000 Active 234 DOM
16. 2026-02-16
    status Active 427-char remark

    Show marketing remark (484 chars)

    Solid 1972 MH. This well-maintained 2 bedroom, 1 bath home offers comfort and convenience with central A/C and a ramp for easy access. Two storage sheds provide plenty of extra space. Washer & dryer included. Space rent is grandfathered in - call listing agent for details. A solid home in great condition, ready for its next owner! Community AmenitiesClubhouse, Full Kitchen, Fitness Center, Billiards, Dog Park, Laundry Facility, 55+ Community, Pet Friendly. Pics are Temporary!

17. 2026-02-16
    status Active 484-char remark

    Show marketing remark (484 chars)

    Solid 1972 MH. This well-maintained 2 bedroom, 1 bath home offers comfort and convenience with central A/C and a ramp for easy access. Two storage sheds provide plenty of extra space. Washer & dryer included. Space rent is grandfathered in - call listing agent for details. A solid home in great condition, ready for its next owner! Community AmenitiesClubhouse, Full Kitchen, Fitness Center, Billiards, Dog Park, Laundry Facility, 55+ Community, Pet Friendly. Pics are Temporary!

18. 2026-02-05
    historical Active under Contract 484-char remark

    Show marketing remark (427 chars)

    Affordable Living in a 55+ CommunityLooking for comfort, convenience, and a place to call home? This well-maintained 2 bedroom, 1 bath home might be exactly what you’ve been waiting for Solid 1972 manufactured home in great condition New HVAC (2019) + Central A/C for year-round comfortUpdated vinyl windows Ramp for easy access Washer & Dryer INCLUDED Two storage sheds = plenty of extra spaceSpace rent: $827/month.

19. 2026-02-05
    status Pending 427-char remark

    Show marketing remark (427 chars)

    Affordable Living in a 55+ CommunityLooking for comfort, convenience, and a place to call home? This well-maintained 2 bedroom, 1 bath home might be exactly what you’ve been waiting for Solid 1972 manufactured home in great condition New HVAC (2019) + Central A/C for year-round comfortUpdated vinyl windows Ramp for easy access Washer & Dryer INCLUDED Two storage sheds = plenty of extra spaceSpace rent: $827/month.

20. 2025-09-27
    listed $45,000 Active 427-char remark

    Show marketing remark (427 chars)

    Affordable Living in a 55+ CommunityLooking for comfort, convenience, and a place to call home? This well-maintained 2 bedroom, 1 bath home might be exactly what you’ve been waiting for Solid 1972 manufactured home in great condition New HVAC (2019) + Central A/C for year-round comfortUpdated vinyl windows Ramp for easy access Washer & Dryer INCLUDED Two storage sheds = plenty of extra spaceSpace rent: $827/month.

21. 2025-09-24
    listed $45,000 Active 484-char remark

    Show marketing remark (484 chars)

    Solid 1972 MH. This well-maintained 2 bedroom, 1 bath home offers comfort and convenience with central A/C and a ramp for easy access. Two storage sheds provide plenty of extra space. Washer & dryer included. Space rent is grandfathered in - call listing agent for details. A solid home in great condition, ready for its next owner! Community AmenitiesClubhouse, Full Kitchen, Fitness Center, Billiards, Dog Park, Laundry Facility, 55+ Community, Pet Friendly. Pics are Temporary!

ⓘ 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

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 21% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 4/10 Moderate 7 d/yr ≥92°F today · 15 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 10/10 Extreme 15 unhealthy d/yr today · 16 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,717
• − Mortgage interest: −$2,241
• − Property taxes: −$600
• − Insurance: −$200
• − Repairs & maintenance: −$1,497
• − Management: −$1,497
• − Depreciation: −$1,164
• Taxable income: $11,518
• Est. tax owed @ 24.0%: −$2,764
• After-tax cash flow: $8,705/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: Springfield SD 19
• NCES district ID: 4111670
• Math proficiency: 19% ▼ -13.00%
• Reading proficiency: 38% ▼ -10.00%
• Median HH income: $42,236
• Composite: 24.14/100
• National rank: #7746
• State rank: #48 of 58 in OR

Livability — Springfield

• Score: 83/100
• State rank: #40
• US rank: #934

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Springfield, OR
• County: Lane County · 310,476 people
• City population: 76,907
• Metro: Eugene-Springfield, OR
• Population (ZIP): 37,534
• Household income: $65,662
• Rent vs Own: 47.2% rent · 52.8% own
• Severe rent burden: 1817.0

Population outlook (Lane County) Hauer SSP2

• Today (2025): 391,933 people
• By 2030: 405,860 · +3.6%
• By 2040: 429,386 · +9.6%
• By 2050: 452,016 · +15.3%
• By 2075: 508,825 · +29.8%
• By 2100: 531,208 · +35.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (77%)
• Race & ethnicity: White 77% Hispanic / Latino 13% Two or more races 10% Asian 1% Native American 1%
• Hispanic origin (detail): Mexican 10%
• Common ancestry: Lithuanian 4% Portuguese 4% Italian 3%
• Foreign-born: 6% · Canada
• Languages at home: 89% English-only · Spanish 9% Other Asian/Pacific 1%

Political lean MEDSL · Lane

• 2024 margin: Strong D (+23.1) · D 60.0% · R 36.9% · Other 3.1%
• 2008→2024 swing: -4.3pp toward R · 2008: 27.4pp · 2024: 23.1pp
• All cycles: 2024: D+23.1 2020: D+24.3 2016: D+18.9 2012: D+23.4 2008: D+27.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -489.08%
• Current HPI: 299.6863
• Rent YoY: ▲ 4.81%
• Metro: Eugene-Springfield, 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

+0.0% since first listed

6 events — show timeline

• 2026-02-16 Relisted — RMLS
• 2026-02-16 Relisted — WVMLS
• 2026-02-05 Contingent — WVMLS
• 2026-02-05 Pending — RMLS
• 2025-09-27 Listed $45,000 RMLS
• 2025-09-24 Listed $45,000 WVMLS

Property tax history

-42.5%/yr

Latest (2015): $6 · +0.0% YoY. Source: county tax records.