61772 Ross Inlet Rd · Bunker Hill, OR 97420

$159,000

2 bd · 1.0 ba · 840 sqft · MultiFamily public records · 47 Days on market

Built 1973 1.10 ac lot

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Why this score? — see what drove the C- 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 +18.9/30.0
• ARV discount +7.5/15.0
• DSCR +6.0/10.0
• 1% rule +5.1/10.0
• Rent growth +4.7/5.0
• Livability +3.4/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 1 unit. estimate disagrees with records

Listing remarks

Desirable Location! Out of the fog belt and just minutes from downtown Coos Bay. Quiet Country Living on a beautiful 1 acre of land. This is a Fixer-Upper, 1973, 3 bedroom, 2 bath, twice moved, Manufactured home. The size of this manufactured home is approximate. Occupied up to a couple of weeks ago. The occupant lived here for nearly 20 years and stated that the roof has leaked in various areas and that he last patched it himself after this past winter. Occupant also stated that the well and septic system are in working order and was not having any issues with the well or the septic system. Fix it up & clean it up OR remove it and build you a new home OR have a new manufactured home

Key facts

• 1.1 acre lot
• Garage
• Built 1973

Property features AI

Finance

• Other: Zoning: RR-2; Lot approximately 1.1 acres (around 243 x 196 ft)

Exterior

• Parking: Driveway parking; RV access/parking; Detached 1-car garage
• Utilities: Electric-powered hot water (tank); Electricity as primary fuel; Well water; Septic tank sewer
• Home design: Manufactured home on real property; Single-story (main-level living); Fixer condition
• Construction: Built in 1973; Pillar/post/pier foundation
• Exterior features: Aluminum exterior; Flat roof; Gentle sloping lot; Gravel road access

Interior

• Kitchen: Built-in oven; Free-standing refrigerator; Range hood
• Bedrooms: Primary bedroom on main level with attached bathroom and walk-in shower; Second bedroom on main level with wall-to-wall carpet; Third bedroom on main level with wall-to-wall carpet
• Flooring: Vinyl flooring; Wall-to-wall carpet
• Bathrooms: Two full bathrooms (both on the main level)
• Heating & cooling: Forced air heating; No central cooling
• Interior features: Main-floor laundry; Accessibility features: main floor bedroom with bath and minimal steps; Vinyl flooring and wall-to-wall carpet; Aluminum window frames; Crawl space foundation
• Laundry & utility: Washer and dryer included (main level laundry)

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath multifamily listed at $159k.

Deal economics

• At list price, monthly cash flow is $164 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $159k).
• Recommended offer: $154k (3.0% below list) — sets the bar for market timing.
• Cap rate 7.5% vs local median 3.4% in Bunker Hill — 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 67/100 on livability (#171 in OR) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A-; Watch: health & safety C-, 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: Millicoma School (math 22% / reading 37%, grade F, #263 of 412 statewide, top 68%, 485 students, 46% FRL); Marshfield Senior High School (math 17% / reading 54%, grade F, #89 of 143 statewide, top 62%, 835 students, 31% FRL) — zoned schools average 39% FRL vs 55% district-wide (16 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: Rents rising fast (+8.7%/yr); 344 active listings in the ZIP; 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 $1k of loan paydown is wiped out by about $5k 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 $45k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 47 days — a 3% lower offer ($154k) is reasonable based on typical stale-listing flexibility.

Recommended offer $154,230 (3.0% below list)

Questions for the listing agent

1. It's been on market 47 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1973 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.01% ✓
• Cap rate: 7.53%
• Cash-on-cash: 4.42%
• DSCR: 1.20
• GRM: 8.3

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: -3.9%
• Equity multiple: 0.85×
• Total profit: $-6,845
• Equity at exit: $23,707

10-year hold

• IRR: 10.8%
• Equity multiple: 2.03×
• Total profit: $46,041
• Equity at exit: $13,747

Cash invested: $44,520 (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: 344
• Price-to-rent: 8.3×

Monthly cashflow live

• Estimated rent: $1,599 medium
• Mortgage (P&I): −$834
• Tax est. 1.5%: −$199 /mo · $2,385/yr
• Insurance: −$66
• HOA: −$0
• Vacancy / Maint / Mgmt: −$336
• Net cashflow: $164

Break-even live

Break-even rent $1,391

Max offer price $159,000

Occupancy floor 85%

Sensitivity live

Price	-10% $274	-5% $219	+0% $164	+5% $109	+10% $54
Rent	-10% $38	-5% $101	+0% $164	+5% $227	+10% $290
Rate	-1.0pp $244	-0.5pp $204	base $164	+0.5pp $123	+1.0pp $81

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: $39,750
• Closing costs: $4,770
• Reserves months: —
• Total cash needed: —

Listing history 18 events

1. 2026-06-21
   days on market $159,000 Active 47 DOM
2. 2026-06-19
   days on market $159,000 Active 45 DOM
3. 2026-06-18
   days on market $159,000 Active 44 DOM
4. 2026-06-17
   days on market $159,000 Active 43 DOM
5. 2026-06-16
   days on market $159,000 Active 42 DOM
6. 2026-06-15
   days on market $159,000 Active 41 DOM
7. 2026-06-14
   days on market $159,000 Active 39 DOM
8. 2026-06-12
   days on market $159,000 Active 38 DOM
9. 2026-06-09
   days on market $159,000 Active 35 DOM
10. 2026-06-08
    days on market $159,000 Active 34 DOM
11. 2026-06-07
    days on market $159,000 Active 33 DOM
12. 2026-06-07
    days on market $159,000 Active 32 DOM
13. 2026-06-03
    days on market $159,000 Active 29 DOM
14. 2026-06-02
    days on market $159,000 Active 28 DOM
15. 2026-06-01
    days on market $159,000 Active 27 DOM
16. 2026-05-31
    days on market $159,000 Active 26 DOM
17. 2026-05-30
    days on market $159,000 Active 25 DOM
18. 2026-05-05
    listed $159,000 Active 1411-char remark

ⓘ 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 1/10 Low 7 d/yr ≥81°F today · 20 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: $19,183
• − Mortgage interest: −$8,906
• − Property taxes: −$2,385
• − Insurance: −$795
• − Repairs & maintenance: −$1,535
• − Management: −$1,535
• − Depreciation: −$4,625
• Taxable loss: −$599
• Est. tax savings @ 24.0%: +$144
• After-tax cash flow: $2,112/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 — Bunker Hill

• Score: 67/100
• State rank: #171
• US rank: #10322

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Coos County · 27,621 people
• 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

1 event — show timeline

• 2026-05-05 Listed $159,000 RMLS