510 E 4th St · Coquille, OR 97423

$299,000

4 bd · 1.0 ba · 1,500 sqft · SingleFamily public records · 92 Days on market

Built 1951 0.60 ac lot $199/sqft · 54% above area Est $389k · 23% 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
• Cash flow +7.4/30.0
• Livability +3.6/5.0
• Schools +2.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +1.5/10.0
• 1% rule +1.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Lots of potential for this nice 4BR, 2BA home with a beautiful deck overlooking a large lot centrally located in Coquille. Duplex potential with a kitchen, bathroom, and living space on each level. Check with City for uses! Lots of space! Large living room on the main level with slider to the deck. Patio area and beautiful landscaping. Great house priced at only $299,000! Bring your ideas! More photos to come.

Key facts

• Patio area
• Duplex potential
• 0.6 acre lot

Tags

• DECK OVERLOOKING LARGE LOT
• DUPLEX POTENTIAL
• KITCHEN BATHROOM LIVING SPACE
• PATIO AREA
• BEAUTIFUL LANDSCAPING

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $299k.

Deal economics

• At list price, monthly cash flow is $-388 ($-5k/yr) — negative.
• To cash-flow at today's rent, offer at most $231k (22.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $192k (35.9% below list).
• Recommended offer: $192k (35.9% below list) — sets the bar for 1% rule.
• Cap rate 4.7% vs local median 3.2% in Coquille — 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 71/100 on livability (#123 in OR) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, crime A; Watch: schools C-, commute F, employment F.
• Coquille SD 8 (town): math 22% / reading 43% proficiency, ranked #37 of 58 in OR (top 64%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 95 active listings in the ZIP; 122 units permitted in Coos County in 2024 (16 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k 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.

Negotiation context

• It's been on market 92 days — a 9% lower offer ($272k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $64k; list at $299k implies a 367% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

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

Recommended offer $191,692 (35.9% 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. It's been on market 92 days. Have you received any prior offers? Is the seller open to a 36% concession, seller financing, or rate buy-down credit?
3. Built in 1951 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
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: 0.64% ✗
• Cap rate: 4.74%
• Cash-on-cash: -5.55%
• DSCR: 0.75
• GRM: 13.0

CMA / ARV

• ARV (median comp): $388,718
• List price: $299,000
• Delta: -23.08%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
377 N Elliott St	0.04mi	3/1.0 (-1)	1,655 (+10%)	4mo	$89,000	$54	73
273 N Henry St	0.16mi	3/3.0 (-1)	1,603 (+7%)	9mo	$460,000	$287	60
1095 E 2nd St	0.33mi	3/1.0 (-1)	1,344 (-10%)	3mo	$312,000	$232	60
574 N Collier St	0.14mi	3/2.0 (-1)	1,650 (+10%)	18mo	$250,000	$152	53
259 N Henry St	0.17mi	3/2.0 (-1)	1,694 (+13%)	11mo	$299,900	$177	52
830 E 11th St	0.47mi	3/1.0 (-1)	1,568 (+4%)	16mo	$335,000	$214	52
911 N Collier St	0.34mi	3/2.0 (-1)	1,386 (-8%)	18mo	$309,000	$223	47
808 E 14th St	0.65mi	3/2.0 (-1)	1,424 (-5%)	10mo	$374,000	$263	44
571 N Baxter St	0.22mi	3/2.0 (-1)	1,680 (+12%)	22mo	$252,500	$150	42
1256 N Dean St	0.56mi	3/2.0 (-1)	1,423 (-5%)	22mo	$255,000	$179	38
470 W 4th St	0.55mi	3/2.0 (-1)	1,704 (+14%)	10mo	$290,000	$170	34
1321 N Dean St	0.60mi	3/1.0 (-1)	1,280 (-15%)	17mo	$299,000	$234	28

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: -25.8%
• Equity multiple: 0.13×
• Total profit: $-73,206
• Equity at exit: $44,582

10-year hold

• IRR: -22.6%
• Equity multiple: -0.14×
• Total profit: $-95,823
• Equity at exit: $25,852

Cash invested: $83,720 (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 97423

• Active inventory: 95
• Price-to-rent: 13.0×

Monthly cashflow live

• Estimated rent: $1,917 medium
• Mortgage (P&I): −$1,568
• Tax from tax record: −$209 /mo · $2,512/yr
• Insurance: −$125
• HOA: −$0
• Vacancy / Maint / Mgmt: −$403
• Net cashflow: $-388

Break-even live

Break-even rent $2,407

Max offer price $230,538

Occupancy floor —

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: $74,750
• Closing costs: $8,970
• Reserves months: —
• Total cash needed: —

Listing history 17 events

1. 2026-06-19
   days on market $299,000 Active 92 DOM
2. 2026-06-18
   days on market $299,000 Active 91 DOM
3. 2026-06-17
   days on market $299,000 Active 90 DOM
4. 2026-06-16
   days on market $299,000 Active 89 DOM
5. 2026-06-15
   days on market $299,000 Active 88 DOM
6. 2026-06-14
   days on market $299,000 Active 86 DOM
7. 2026-06-12
   days on market $299,000 Active 85 DOM
8. 2026-06-09
   days on market $299,000 Active 82 DOM
9. 2026-06-08
   days on market $299,000 Active 81 DOM
10. 2026-06-07
    days on market $299,000 Active 80 DOM
11. 2026-06-07
    days on market $299,000 Active 79 DOM
12. 2026-06-02
    days on market $299,000 Active 75 DOM
13. 2026-06-01
    days on market $299,000 Active 74 DOM
14. 2026-05-31
    days on market $299,000 Active 73 DOM
15. 2026-05-30
    days on market $299,000 Active 72 DOM
16. 2026-03-19
    listed $299,000 Active 415-char remark

    Show marketing remark (415 chars)

    Lots of potential for this nice 4BR, 2BA home with a beautiful deck overlooking a large lot centrally located in Coquille. Duplex potential with a kitchen, bathroom, and living space on each level. Check with City for uses! Lots of space! Large living room on the main level with slider to the deck. Patio area and beautiful landscaping. Great house priced at only $299,000! Bring your ideas! More photos to come.

17. 1993-02-16
    soldstatus $64,000

ⓘ 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: $2,512 · $209/mo
• Projected year-2 tax: $2,900 · $242/mo
• Expected delta: +$388/yr (+$32/mo · 15.5%)

ⓘ 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 ≥82°F today · 21 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 6/10 Major 8 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,003
• − Mortgage interest: −$16,749
• − Property taxes: −$2,512
• − Insurance: −$1,495
• − Repairs & maintenance: −$1,840
• − Management: −$1,840
• − Depreciation: −$8,698
• Taxable loss: −$10,131
• Est. tax savings @ 24.0%: +$2,432
• After-tax cash flow: $-2,219/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: Coquille SD 8
• NCES district ID: 4103390
• Math proficiency: 22% ▼ -13.00%
• Reading proficiency: 43% ▼ -10.00%
• Median HH income: $38,573
• Composite: 27.1/100
• National rank: #7042
• State rank: #37 of 58 in OR

Livability — Coquille

• Score: 71/100
• State rank: #123
• US rank: #7084

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Coquille, OR
• City population: 5,799
• Population (ZIP): 5,799

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 (86%)
• Race & ethnicity: White 86% Two or more races 8% Hispanic / Latino 6%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Slovak 5% Italian 5% Lithuanian 4%
• Foreign-born: 1% · Canada
• Languages at home: 99% English-only · Spanish 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: ▼ -110.34%
• Current HPI: 200.6106
• 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

+367.2% since first listed

2 events — show timeline

• 2026-03-19 Listed $299,000 RMLS
• 1993-02-16 Sold (Public Records) $64,000 Public Records

Property tax history

+2.5%/yr

Latest (2025): $2,512 · +1.7% YoY. Source: county tax records.