100 River Bend Rd #118 · Reedsport, OR 97467

$119,000

2 bd · 2.0 ba · 1,188 sqft · Manufactured public records · 225 Days on market

Built 1991 $100/sqft · 26% above area Est $94k · 26% over ↓ 8% since listing

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.2/5.0
• Schools +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

NEW PRICE! $10,000 OFF ORIGINAL! :)) on this charming well maintained 2 bdr/2bth! Come and be a part of this amazing community situated in a welcoming 55+ mobile home community in Reedsport, just a few miles from the stunning Oregon coast and the scenic Dean Creek elk viewing area. Room for your Campers, Off Road vehicles, Kayaks and Boats in the large carport! Enjoy the Oregon Coast Dunes minutes away! There are over 17 lakes within a 30-minute drive, perfect for fishing, boating, or hiking. The area also features state and county parks that provide easy access to miles of picturesque hiking trails, abundant wildlife, and exceptional birdwatching opportunities, all within minutes, from the home. Built in 1991, this home boasts an inviting open concept design that seamlessly connects the kitchen, dining room, and living room. The vaulted ceilings and an abundance of windows, including skylights, create a light, bright, and airy atmosphere. With two spacious bedrooms, each featuring large closets, and two well-appointed bathrooms, including a master bath with a walk-in shower, this home is both functional and comfortable. All appliances are included, featuring a stainless steel French door refrigerator with a bottom freezer and ice maker, stainless glass top stove, new disposal and ample cupboard space in the recently updated kitchen. Front loading Washer with matching Dryer included in a separate laundry/pantry area. A new roof and laminate floors were installed in 2020. The property also offers a versatile shop and an indoor-outdoor patio, along with a large multipurpose carport that can double as a year-round greenhouse, and a covered ramp to the back door. The home comes with a transferable lifetime warranty from Ram Jack for foundation maintenance, ensuring you can enjoy your new space worry-free. Don't miss out on this incredible opportunity to experience coastal living at its finest! Space rent is $650 month with water/sewer. 2 sm animals

Key facts

• Large closets
• Open concept design
• Hiking trails

Tags

• MOBILE HOME COMMUNITY
• HIKING TRAILS
• GROOMED WALKING TRAIL
• VIEWS OF SCHOFIELD CREEK
• OPEN CONCEPT DESIGN
• LARGE CLOSETS

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $119k.

Deal economics

• At list price, monthly cash flow is $704 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $119k).
• Recommended offer: $105k (12.0% below list) — sets the bar for market timing.
• Cap rate 13.4% vs local median 3.1% in Reedsport — 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 63/100 on livability (#224 in OR) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing B; Watch: health & safety C-, employment D, schools F.
• Reedsport SD 105 (town): math 28% / reading 42% proficiency, ranked #143 of 183 in OR (top 78%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 69 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 190 units permitted in Douglas County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $823 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Douglas County population projected at -13% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $33k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 225 days — a 12% lower offer ($105k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

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

Recommended offer $104,720 (12.0% below list)

Questions for the listing agent

1. It's been on market 225 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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 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: 1.55% ✓
• Cap rate: 13.39%
• Cash-on-cash: 25.36%
• DSCR: 2.13
• GRM: 5.4

CMA / ARV

• ARV (median comp): $94,118
• List price: $119,000
• Delta: 26.44%
• Verdict: OVERPRICED
• Comps: 14 within 1.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
100 River Bend Rd #4	0.00mi	3/2.0 (+1)	1,188 (0%)	18mo	$93,850	$79	80
100 River Bend Rd #17	0.00mi	2/2.0	1,296 (+9%)	6mo	$105,000	$81	80
100 River Bend Rd #25	0.00mi	3/2.0 (+1)	1,296 (+9%)	3mo	$119,000	$92	77
100 River Bend Rd #47	0.00mi	2/2.0	1,080 (-9%)	21mo	$70,000	$65	68
1413 Hawthorne Ave #31	0.65mi	2/2.0	1,152 (-3%)	12mo	$35,000	$30	54
1000 N 8th St #33	0.65mi	2/2.0	1,120 (-6%)	13mo	$56,000	$50	49
1413 Hawthorne Ave #4	0.65mi	2/2.0	1,040 (-12%)	18mo	$45,000	$43	34

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: 18.9%
• Equity multiple: 1.77×
• Total profit: $25,555
• Equity at exit: $17,743

10-year hold

• IRR: 27.2%
• Equity multiple: 3.40×
• Total profit: $79,956
• Equity at exit: $10,289

Cash invested: $33,320 (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 97467

• Home prices YoY: -10.9%
• Active inventory: 69
• Price-to-rent: 5.4×

Monthly cashflow live

• Estimated rent: $1,850 medium
• Mortgage (P&I): −$624
• Tax from tax record: −$84 /mo · $1,004/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$388
• Net cashflow: $704

Break-even live

Break-even rent $959

Max offer price $119,000

Occupancy floor 57%

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: $29,750
• Closing costs: $3,570
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
870 York St Reedsport, OR	3.0	2.0	1250	$1,850	$1.48	43d	1	1.39mi

Listing history 17 events

1. 2026-06-18
   days on market $119,000 Active 225 DOM
2. 2026-06-17
   days on market $119,000 Active 224 DOM
3. 2026-06-16
   days on market $119,000 Active 223 DOM
4. 2026-06-15
   days on market $119,000 Active 222 DOM
5. 2026-06-13
   days on market $119,000 Active 220 DOM
6. 2026-06-12
   days on market $119,000 Active 219 DOM
7. 2026-06-09
   days on market $119,000 Active 216 DOM
8. 2026-06-08
   days on market $119,000 Active 215 DOM
9. 2026-06-08
   days on market $119,000 Active 214 DOM
10. 2026-06-07
    days on market $119,000 Active 213 DOM
11. 2026-06-04
    days on market $119,000 Active 210 DOM
12. 2026-06-02
    days on market $119,000 Active 209 DOM
13. 2026-06-01
    days on market $119,000 Active 208 DOM
14. 2026-05-31
    days on market $119,000 Active 207 DOM
15. 2026-05-05
    price $119,000 1978-char remark

    Show marketing remark (1978 chars)

    NEW PRICE! $10,000 OFF ORIGINAL! :)) on this charming well maintained 2 bdr/2bth! Come and be a part of this amazing community situated in a welcoming 55+ mobile home community in Reedsport, just a few miles from the stunning Oregon coast and the scenic Dean Creek elk viewing area. Room for your Campers, Off Road vehicles, Kayaks and Boats in the large carport! Enjoy the Oregon Coast Dunes minutes away! There are over 17 lakes within a 30-minute drive, perfect for fishing, boating, or hiking. The area also features state and county parks that provide easy access to miles of picturesque hiking trails, abundant wildlife, and exceptional birdwatching opportunities, all within minutes, from the home. Built in 1991, this home boasts an inviting open concept design that seamlessly connects the kitchen, dining room, and living room. The vaulted ceilings and an abundance of windows, including skylights, create a light, bright, and airy atmosphere. With two spacious bedrooms, each featuring large closets, and two well-appointed bathrooms, including a master bath with a walk-in shower, this home is both functional and comfortable. All appliances are included, featuring a stainless steel French door refrigerator with a bottom freezer and ice maker, stainless glass top stove, new disposal and ample cupboard space in the recently updated kitchen. Front loading Washer with matching Dryer included in a separate laundry/pantry area. A new roof and laminate floors were installed in 2020. The property also offers a versatile shop and an indoor-outdoor patio, along with a large multipurpose carport that can double as a year-round greenhouse, and a covered ramp to the back door. The home comes with a transferable lifetime warranty from Ram Jack for foundation maintenance, ensuring you can enjoy your new space worry-free. Don't miss out on this incredible opportunity to experience coastal living at its finest! Space rent is $650 month with water/sewer. 2 sm animals

16. 2026-01-29
    price $124,000 1978-char remark

    Show marketing remark (1978 chars)

    NEW PRICE! $10,000 OFF ORIGINAL! :)) on this charming well maintained 2 bdr/2bth! Come and be a part of this amazing community situated in a welcoming 55+ mobile home community in Reedsport, just a few miles from the stunning Oregon coast and the scenic Dean Creek elk viewing area. Room for your Campers, Off Road vehicles, Kayaks and Boats in the large carport! Enjoy the Oregon Coast Dunes minutes away! There are over 17 lakes within a 30-minute drive, perfect for fishing, boating, or hiking. The area also features state and county parks that provide easy access to miles of picturesque hiking trails, abundant wildlife, and exceptional birdwatching opportunities, all within minutes, from the home. Built in 1991, this home boasts an inviting open concept design that seamlessly connects the kitchen, dining room, and living room. The vaulted ceilings and an abundance of windows, including skylights, create a light, bright, and airy atmosphere. With two spacious bedrooms, each featuring large closets, and two well-appointed bathrooms, including a master bath with a walk-in shower, this home is both functional and comfortable. All appliances are included, featuring a stainless steel French door refrigerator with a bottom freezer and ice maker, stainless glass top stove, new disposal and ample cupboard space in the recently updated kitchen. Front loading Washer with matching Dryer included in a separate laundry/pantry area. A new roof and laminate floors were installed in 2020. The property also offers a versatile shop and an indoor-outdoor patio, along with a large multipurpose carport that can double as a year-round greenhouse, and a covered ramp to the back door. The home comes with a transferable lifetime warranty from Ram Jack for foundation maintenance, ensuring you can enjoy your new space worry-free. Don't miss out on this incredible opportunity to experience coastal living at its finest! Space rent is $650 month with water/sewer. 2 sm animals

17. 2025-11-05
    listed $129,000 Active 1978-char remark

    Show marketing remark (1978 chars)

    NEW PRICE! $10,000 OFF ORIGINAL! :)) on this charming well maintained 2 bdr/2bth! Come and be a part of this amazing community situated in a welcoming 55+ mobile home community in Reedsport, just a few miles from the stunning Oregon coast and the scenic Dean Creek elk viewing area. Room for your Campers, Off Road vehicles, Kayaks and Boats in the large carport! Enjoy the Oregon Coast Dunes minutes away! There are over 17 lakes within a 30-minute drive, perfect for fishing, boating, or hiking. The area also features state and county parks that provide easy access to miles of picturesque hiking trails, abundant wildlife, and exceptional birdwatching opportunities, all within minutes, from the home. Built in 1991, this home boasts an inviting open concept design that seamlessly connects the kitchen, dining room, and living room. The vaulted ceilings and an abundance of windows, including skylights, create a light, bright, and airy atmosphere. With two spacious bedrooms, each featuring large closets, and two well-appointed bathrooms, including a master bath with a walk-in shower, this home is both functional and comfortable. All appliances are included, featuring a stainless steel French door refrigerator with a bottom freezer and ice maker, stainless glass top stove, new disposal and ample cupboard space in the recently updated kitchen. Front loading Washer with matching Dryer included in a separate laundry/pantry area. A new roof and laminate floors were installed in 2020. The property also offers a versatile shop and an indoor-outdoor patio, along with a large multipurpose carport that can double as a year-round greenhouse, and a covered ramp to the back door. The home comes with a transferable lifetime warranty from Ram Jack for foundation maintenance, ensuring you can enjoy your new space worry-free. Don't miss out on this incredible opportunity to experience coastal living at its finest! Space rent is $650 month with water/sewer. 2 sm animals

ⓘ 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: $1,004 · $84/mo
• Projected year-2 tax: $1,154 · $96/mo
• Expected delta: +$150/yr (+$13/mo · 15.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X · 27% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 1/10 Low 9 d/yr ≥79°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: $22,200
• − Mortgage interest: −$6,666
• − Property taxes: −$1,004
• − Insurance: −$595
• − Repairs & maintenance: −$1,776
• − Management: −$1,776
• − Depreciation: −$3,462
• Taxable income: $6,921
• Est. tax owed @ 24.0%: −$1,661
• After-tax cash flow: $6,789/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: Reedsport SD 105
• NCES district ID: 4110410
• Math proficiency: 28% ▲ 7.00%
• Reading proficiency: 42% ▲ 5.00%
• Median HH income: $34,496
• Composite: 31.47/100
• National rank: #11187
• State rank: #143 of 183 in OR

Livability — Reedsport

• Score: 63/100
• State rank: #224
• US rank: #15146

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Reedsport, OR
• Population (ZIP): 5,300

Population outlook (Douglas County) Hauer SSP2

• Today (2025): 105,191 people
• By 2030: 102,664 · -2.4%
• By 2040: 96,668 · -8.1%
• By 2050: 91,279 · -13.2%
• By 2075: 79,395 · -24.5%
• By 2100: 66,107 · -37.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (89%)
• Race & ethnicity: White 89% Two or more races 7% Hispanic / Latino 3%
• Common ancestry: Portuguese 6% Serbian 2% Slovak 2%
• Foreign-born: 1% · Canada
• Languages at home: 96% English-only · Spanish 3% German/W. Germanic 1%

Political lean MEDSL · Douglas

• 2024 margin: Solid R (+37.7) · D 29.9% · R 67.6% · Other 2.5%
• 2008→2024 swing: -17.6pp toward R · 2008: -20.1pp · 2024: -37.7pp
• All cycles: 2024: R+37.7 2020: R+37.5 2016: R+39.4 2012: R+27.6 2008: R+20.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -42.19%
• Current HPI: 345.8251
• 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

-7.8% since first listed

3 events — show timeline

• 2026-05-05 Price Changed $119,000 RMLS
• 2026-01-29 Price Changed $124,000 RMLS
• 2025-11-05 Listed $129,000 RMLS

Property tax history

-0.1%/yr

Latest (2025): $1,004 · -9.7% YoY. Source: county tax records.