65000 E Highway 26 Unit WFB2 · Mount Hood Villages, OR 97067

$125,000

1 bd · 1.0 ba · 737 sqft · Manufactured · 7 Days on market

Built 1998 Good condition $170/sqft · 23% below area Est $162k · 23% under ↓ 3% since listing

---

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 +29.5/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.3/10.0
• Schools +5.0/10.0
• Condition / age +4.0/5.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

As the winter season kicks off, it is the time to grab this wonderfully maintained cabin. Just a look at the inside and out of the cabin anyone can see the love and care that it has received over the years. There are so many winter and summer recreational activities nearby. This cute cabin has a lofted ceiling and ceiling fan to keep the heat moving back down into the main part of the home. The loft space adds room for an additional bed, playroom or office. The home comes with a deck off of the primary bedroom which wraps around to the back deck with a wooded view. There is a shed and one parking space that comes with the home. Mt Hood Village provides laundry facilities; recreation center and is full of hiking trails and tons of nature: Perfect for the simple life! This is a gated community. The home comes with two separate parking pads. Seller will consider any type of legal financing. Buyer must apply and be approved by the park prior to closing. There is a land lease for this unit with park rules not a HOA.

Key facts

• Private deck
• Vaulted ceiling
• Storage shed

Tags

• VAULTED CEILING
• PRIVATE DECK
• WOODED VIEW
• LOFT SPACE
• STORAGE SHED
• DEDICATED PARKING

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath manufactured listed at $125k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $446 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $125k).
• Cap rate 10.6% vs local median 2.2% in Mount Hood Villages — 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: area grade B — affects rentability + tenant quality, not the cash-flow math above.
• Oregon Trail SD 46 (town): math 47% / reading 64% proficiency, ranked #12 of 183 in OR (top 7%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 54 active listings in the ZIP; 946 units permitted in Clackamas County in 2024 (188 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $864 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Clackamas County population projected at +25% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $35k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.

Recommended offer $125,000

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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.
3. 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.
4. 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: 1.33% ✓
• Cap rate: 10.58%
• Cash-on-cash: 15.29%
• DSCR: 1.68
• GRM: 6.3

CMA / ARV

• ARV (median comp): $161,904
• List price: $125,000
• Delta: -10.44%
• Verdict: UNDERPRICED
• Comps: 13 within 1.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
65000 E Highway 26 Unit RF10	0.19mi	1/1.0	778 (+6%)	21mo	$215,000	$276	64
65000 E Highway 26 Unit RF 26	0.11mi	2/1.0 (+1)	840 (+14%)	3mo	$229,900	$274	64
65000 E Highway 26 Unit RF20	0.12mi	1/1.0	824 (+12%)	16mo	$205,000	$249	62

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: 6.0%
• Equity multiple: 1.23×
• Total profit: $8,179
• Equity at exit: $18,638

10-year hold

• IRR: 15.4%
• Equity multiple: 2.25×
• Total profit: $43,806
• Equity at exit: $10,808

Cash invested: $35,000 (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 97067

• Home prices YoY: -21.2%
• Active inventory: 54
• Price-to-rent: 6.3×

Monthly cashflow live

• Estimated rent: $1,658 medium
• Mortgage (P&I): −$656
• Tax est. 1.5%: −$156 /mo · $1,875/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$348
• Net cashflow: $446

Break-even live

Break-even rent $1,093

Max offer price $125,000

Occupancy floor 68%

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: $31,250
• Closing costs: $3,750
• Reserves months: —
• Total cash needed: —

Listing history 12 events

1. 2026-06-18
   days on market $125,000 Active 7 DOM
2. 2026-06-17
   days on market $125,000 Active 6 DOM
3. 2026-06-16
   days on market $125,000 Active 5 DOM
4. 2026-06-15
   days on market $125,000 Active 4 DOM
5. 2026-06-13
   days on market $125,000 Active 2 DOM
6. 2026-06-13
   pricedays on marketlisting id $125,000 Active 1 DOM
7. 2026-06-03
   days on market $145,000 Active 182 DOM
8. 2026-06-02
   days on market $145,000 Active 181 DOM
9. 2026-06-01
   days on market $145,000 Active 180 DOM
10. 2026-05-31
    days on market $145,000 Active 179 DOM
11. 2026-04-05
    price $145,000 1033-char remark

    Show marketing remark (1033 chars)

    As the winter season kicks off, it is the time to grab this wonderfully maintained cabin. Just a look at the inside and out of the cabin anyone can see the love and care that it has received over the years. There are so many winter and summer recreational activities nearby. This cute cabin has a lofted ceiling and ceiling fan to keep the heat moving back down into the main part of the home. The loft space adds room for an additional bed, playroom or office. The home comes with a deck off of the primary bedroom which wraps around to the back deck with a wooded view. There is a shed and one parking space that comes with the home. Mt Hood Village provides laundry facilities; recreation center and is full of hiking trails and tons of nature: Perfect for the simple life! This is a gated community. The home comes with two separate parking pads. Seller will consider any type of legal financing. Buyer must apply and be approved by the park prior to closing. There is a land lease for this unit with park rules not a HOA.

12. 2025-12-03
    listed $149,900 Active 1033-char remark

    Show marketing remark (1033 chars)

    As the winter season kicks off, it is the time to grab this wonderfully maintained cabin. Just a look at the inside and out of the cabin anyone can see the love and care that it has received over the years. There are so many winter and summer recreational activities nearby. This cute cabin has a lofted ceiling and ceiling fan to keep the heat moving back down into the main part of the home. The loft space adds room for an additional bed, playroom or office. The home comes with a deck off of the primary bedroom which wraps around to the back deck with a wooded view. There is a shed and one parking space that comes with the home. Mt Hood Village provides laundry facilities; recreation center and is full of hiking trails and tons of nature: Perfect for the simple life! This is a gated community. The home comes with two separate parking pads. Seller will consider any type of legal financing. Buyer must apply and be approved by the park prior to closing. There is a land lease for this unit with park rules not a HOA.

ⓘ 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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 2/10 Low 8 d/yr ≥86°F today · 18 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 9/10 Extreme 10 unhealthy d/yr today · 12 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,897
• − Mortgage interest: −$7,002
• − Property taxes: −$1,875
• − Insurance: −$625
• − Repairs & maintenance: −$1,592
• − Management: −$1,592
• − Depreciation: −$3,636
• Taxable income: $3,575
• Est. tax owed @ 24.0%: −$858
• After-tax cash flow: $4,495/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.

Condition & rehab AI · 12 photos

Good 80/100 Cosmetic rehab

This well-maintained cabin is in good condition with a good condition score of 80. It has a good exterior, interior, and HVAC systems. The home is move-in ready with minor maintenance items to address.

Value-add opportunities

• Resale Paint exterior siding — Fresh paint can enhance curb appeal and home value.
• Rental Clean gutters — Clean gutters improve drainage and prevent water damage, which is important for rental properties.

Renovation cost estimate screening

Value-add ROI direction

• Resale Paint exterior siding — Fresh paint can enhance curb appeal and home value. ↑
• Rental Clean gutters — Clean gutters improve drainage and prevent water damage, which is important for rental properties. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Oregon Trail SD 46
• NCES district ID: 4110890
• Math proficiency: 47% ▬ 0.00%
• Reading proficiency: 64% ▲ 1.00%
• Median HH income: $61,406
• Composite: 50.19/100
• National rank: #4075
• State rank: #12 of 183 in OR

Livability — Mount Hood Villages

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: Mount Hood Villages, OR
• City population: 2,285
• Population (ZIP): 2,285

Population outlook (Clackamas County) Hauer SSP2

• Today (2025): 458,456 people
• By 2030: 485,185 · +5.8%
• By 2040: 532,932 · +16.2%
• By 2050: 574,445 · +25.3%
• By 2075: 665,497 · +45.2%
• By 2100: 697,488 · +52.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (69%)
• Race & ethnicity: White 69% Two or more races 21% Hispanic / Latino 19%
• Hispanic origin (detail): Mexican 16% Puerto Rican 2%
• Common ancestry: Lithuanian 6% Italian 4% Slovak 4%
• Foreign-born: 4% · Canada
• Languages at home: 89% English-only · Spanish 11%

Political lean MEDSL · Clackamas

• 2024 margin: Lean D (+9.7) · D 53.4% · R 43.6% · Other 3.0%
• 2008→2024 swing: -0.6pp no change · 2008: 10.4pp · 2024: 9.7pp
• All cycles: 2024: D+9.7 2020: D+11.1 2016: D+6.1 2012: D+3.5 2008: D+10.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -83.81%
• Current HPI: 310.9922
• 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

-3.3% since first listed

2 events — show timeline

• 2026-04-05 Price Changed $145,000 RMLS
• 2025-12-03 Listed $149,900 RMLS