145355 Lanewood Dr · La Pine, OR 97739

$229,000

3 bd · 2.0 ba · 924 sqft · Manufactured public records · 50 Days on market

Built 1989 0.99 ac lot $248/sqft · 36% above area Est $168k · 36% over

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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).

• Cash flow +16.8/30.0
• DSCR +5.2/10.0
• 1% rule +3.4/10.0
• Livability +3.0/5.0
• Rent growth +2.5/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks

Escape to your own peaceful 1 acre retreat in Sun Forest Estates. This cozy home features an open-concept layout with a split floor plan, offering a private primary suite and two additional bedrooms with a full bath on opposite sides of the home. Stay warm with a woodstove and forced air heating, plus stylish laminate flooring and updated vinyl windows in the living area. Outside, a large carport provides covered parking, with plenty of space to add a shop. A shed and storage unit offer extra room for tools and gear. Ideal as a full-time residence or getaway, with easy access to lakes, rivers, Mt. Bachelor, and miles of BLM land for year-round recreation. Conveniently located near La Pine f

Key facts

• Woodstove heating
• Laminate flooring
• 1.01 acre retreat

Tags

• 1.01 ACRE RETREAT
• OPEN-CONCEPT LAYOUT
• PRIVATE PRIMARY SUITE
• WOODSTOVE HEATING
• LAMINATE FLOORING
• UPDATED VINYL WINDOWS

Property features AI

Finance

• Financial info: Not currently rented
• HOA & community: Access to public lands; CCRs apply

Exterior

• Parking: Detached carport; Driveway; Gravel parking
• Security: Carbon monoxide detector(s); Smoke detector(s)
• Utilities: Private well water; Private sewer: septic tank with standard leach field; Public utilities available; Utility easements present
• Home design: Manufactured on land (single wide); One story; Residential property, R2 zoning; Built in 1989; Pillar/post/pier foundation
• Construction: Construction materials listed as unknown
• Exterior features: Metal roof; Shed(s) and storage; Road surface: dirt and gravel; Level lot with native plants and wooded areas; Shared access frontage; Flood zone not applicable; Easement access present; Horses allowed

Interior

• Kitchen: Kitchen with island; Oven; Range; Range hood; Refrigerator
• Bedrooms: 3 bedrooms (including primary bedroom)
• Flooring: Carpet; Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heating; Forced air; Wood stove/wood heating; No central cooling listed
• Interior features: Built-in features; Fiberglass stall shower; Kitchen island; Laminate countertops; Linen closet; Open floorplan; Primary bedroom on main level; Shower/tub combination; Walk-in closet(s); Wood-burning fireplace in living room; Has fireplace(s)
• Laundry & utility: Washer; Dryer; Water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $229k.

Deal economics

• At list price, monthly cash flow is $148 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $192k (16.3% below list).
• Recommended offer: $192k (16.3% below list) — sets the bar for 1% rule.
• Cap rate 7.1% vs local median 2.9% in La Pine — 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 59/100 on livability (#300 in OR) — a working-class tenant base; expect higher turnover. Strengths: crime A; Watch: health & safety C-, schools F, amenities F.
• Klamath County SD (rural): math 21% / reading 37% proficiency, ranked #46 of 58 in OR (top 79%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 82 active listings in the ZIP; 232 units permitted in Klamath County in 2024 (72 in 5+ unit buildings).
• This rent runs 39% of the median local income ($59k/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 $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Klamath County population projected at -12% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 50 days — a 3% lower offer ($222k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 17y 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.
• Current owner paid $7k; list at $229k implies a 3171% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major wildfire risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $191,559 (16.3% below list)

Questions for the listing agent

1. It's been on market 50 days. Have you received any prior offers? Is the seller open to a 16% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
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: 0.84% ✗
• Cap rate: 7.07%
• Cash-on-cash: 2.78%
• DSCR: 1.12
• GRM: 10.0

CMA / ARV

• ARV (median comp): $168,000
• List price: $229,000
• Delta: 36.31%
• Verdict: OVERPRICED
• Comps: 3 within 2.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
11439 Burlwood Dr	0.23mi	3/2.0	924 (0%)	21mo	$300,000	$325	72
11411 Fernwood Pl	0.73mi	3/2.0	938 (+2%)	12mo	$245,000	$261	54
10215 Split Rail Rd	0.68mi	2/1.0 (-1)	810 (-12%)	14mo	$275,000	$340	27

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: -12.0%
• Equity multiple: 0.57×
• Total profit: $-27,762
• Equity at exit: $34,145

10-year hold

• IRR: -2.9%
• Equity multiple: 0.81×
• Total profit: $-12,432
• Equity at exit: $19,800

Cash invested: $64,120 (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 97739

• Home prices YoY: -4.5%
• Active inventory: 82
• Price-to-rent: 10.0×

Monthly cashflow live

• Estimated rent: $1,916 medium
• Mortgage (P&I): −$1,201
• Tax from tax record: −$69 /mo · $823/yr
• Insurance: −$95
• HOA: −$0
• Vacancy / Maint / Mgmt: −$402
• Net cashflow: $148

Break-even live

Break-even rent $1,728

Max offer price $229,000

Occupancy floor 87%

Sensitivity live

Price	-10% $278	-5% $213	+0% $148	+5% $84	+10% $19
Rent	-10% $-3	-5% $73	+0% $148	+5% $224	+10% $300
Rate	-1.0pp $264	-0.5pp $207	base $148	+0.5pp $89	+1.0pp $29

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: $57,250
• Closing costs: $6,870
• Reserves months: —
• Total cash needed: —

Listing history 21 events

1. 2026-06-19
   days on market $229,000 Active 50 DOM
2. 2026-06-18
   days on market $229,000 Active 49 DOM
3. 2026-06-17
   days on market $229,000 Active 48 DOM
4. 2026-06-16
   days on market $229,000 Active 47 DOM
5. 2026-06-15
   days on market $229,000 Active 46 DOM
6. 2026-06-14
   days on market $229,000 Active 44 DOM
7. 2026-06-12
   days on market $229,000 Active 43 DOM
8. 2026-06-09
   days on market $229,000 Active 40 DOM
9. 2026-06-08
   days on market $229,000 Active 39 DOM
10. 2026-06-07
    days on market $229,000 Active 38 DOM
11. 2026-06-05
    days on market $229,000 Active 35 DOM
12. 2026-06-02
    days on market $229,000 Active 33 DOM
13. 2026-06-01
    days on market $229,000 Active 32 DOM
14. 2026-05-31
    days on market $229,000 Active 31 DOM
15. 2026-05-30
    days on market $229,000 Active 30 DOM
16. 2026-04-28
    listed $229,000 Active 768-char remark
17. 2025-12-31
    historical
18. 2025-07-03
    listed $229,000 Active
19. 2011-11-30
    historical
20. 2009-11-18
    listed $44,900
21. 1984-01-01
    soldstatus $7,000

ⓘ 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: $823 · $69/mo
• Projected year-2 tax: $2,221 · $185/mo
• Expected delta: +$1,398/yr (+$116/mo · 169.8%)

ⓘ 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 · 0% chance over 30 yrs
• 🔥 Wildfire 6/10 Major
• 🌡 Heat 3/10 Moderate 7 d/yr ≥90°F today · 16 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 8/10 Severe 11 unhealthy d/yr today · 19 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,987
• − Mortgage interest: −$12,828
• − Property taxes: −$823
• − Insurance: −$1,145
• − Repairs & maintenance: −$1,839
• − Management: −$1,839
• − Depreciation: −$6,662
• Taxable loss: −$2,149
• Est. tax savings @ 24.0%: +$516
• After-tax cash flow: $2,296/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: Klamath County SD
• NCES district ID: 4107020
• Math proficiency: 21% ▼ -17.00%
• Reading proficiency: 37% ▼ -16.00%
• Median HH income: $44,906
• Composite: 24.83/100
• National rank: #7593
• State rank: #46 of 58 in OR

Livability — La Pine

• Score: 59/100
• State rank: #300
• US rank: #20040

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Deschutes County · 197,892 people
• City population: 13,183
• Metro: Bend, OR
• Population (ZIP): 13,183
• Household income: $58,579
• Rent vs Own: 18.3% rent · 81.7% own
• Severe rent burden: 426.0

Population outlook (Klamath County) Hauer SSP2

• Today (2025): 63,870 people
• By 2030: 62,279 · -2.5%
• By 2040: 58,891 · -7.8%
• By 2050: 56,207 · -12.0%
• By 2075: 51,239 · -19.8%
• By 2100: 46,526 · -27.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (91%)
• Race & ethnicity: White 91% Two or more races 6% Hispanic / Latino 5%
• Common ancestry: Portuguese 4% Italian 2% Iranian 2%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 2%

Political lean MEDSL · Klamath

• 2024 margin: Solid R (+41.9) · D 27.9% · R 69.8% · Other 2.4%
• 2008→2024 swing: -8.8pp toward R · 2008: -33.1pp · 2024: -41.9pp
• All cycles: 2024: R+41.9 2020: R+40.6 2016: R+44.8 2012: R+38.2 2008: R+33.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -27.28%
• Current HPI: 585.9229
• Rent YoY: —
• Metro: Bend, 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

+3171.4% since first listed

6 events — show timeline

• 2026-04-28 Listed $229,000 MLSCO
• 2025-12-31 Listing Removed — MLSCO
• 2025-07-03 Listed $229,000 MLSCO
• 2011-11-30 Listing Removed — MLSCO
• 2009-11-18 Listed $44,900 MLSCO
• 1984-01-01 Sold (Public Records) $7,000 Public Records

Property tax history

+3.0%/yr

Latest (2025): $823 · +3.9% YoY. Source: county tax records.