1999 Jansen Way · Woodburn, OR 97071

$88,000

2 bd · 2.0 ba · 2,399 sqft · Land public records · 22 Days on market

Built 1972

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +3.7/5.0
• Rent growth +3.2/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

The LVP flooring is new through out. Dishwasher and fridge are brand new. The central heating unit was installed new in 2024. The covered area includes a workshop/storage room that can be locked. Fresh paint. AS IS. 55+ park. Park rent $875 a month

Key facts

• Updated electrical
• Laminate flooring
• Metal roof

Tags

• DOUBLE-WIDE MANUFACTURED HOME
• UPDATED ELECTRICAL
• METAL ROOF
• LAMINATE FLOORING
• NATURAL LIGHT
• EXTRA FAMILY ROOM

Property features AI

Finance

• Financial info: Monthly lot rent of $824; Land lease in place (expires June 30, 2026)
• HOA & community: Association offers management and recreation facilities; Located in Woodburn Senior Estates MHP (land lease community)

Exterior

• Parking: Covered carport for 2 vehicles
• Utilities: Public water; Public sewer; Gas fuel
• Home design: Manufactured home in a park (residential); Restored condition; Single-level (main level layout); Located in a senior community
• Construction: Built in 1972; Pillar/post/pier foundation
• Exterior features: Metal roof; Patio; Porch; Tool shed; Workshop; T-111 and wood siding

Interior

• Kitchen: Dishwasher; Disposal; Free-standing gas range; Free-standing refrigerator; Laminate flooring in kitchen
• Bedrooms: Primary bedroom on main with wall-to-wall carpet; Second bedroom on main with wall-to-wall carpet
• Flooring: Vinyl flooring; Laminate flooring; Wall-to-wall carpet
• Bathrooms: Two full bathrooms on the main level; One bathroom with walk-in shower; One bathroom with bathtub
• Heating & cooling: Forced air heating; Wall unit cooling; Gas hot water
• Interior features: Ceiling fans; Washer/Dryer included; Accessible approach with ramp; Accessible hallways; Natural lighting; Utility room on main; Walk-in shower
• Laundry & utility: Washer/Dryer; Utility room on main

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath land listed at $88k.

Deal economics

• At list price, monthly cash flow is $945 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $88k).
• Recommended offer: $87k (1.5% below list) — sets the bar for market timing.
• Cap rate 19.2% vs local median 3.1% in Woodburn — 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 74/100 on livability (#91 in OR, #4,490 nationally) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety A+, cost of living B; Watch: crime D+, commute D, amenities F.
• Woodburn SD 103 (town): math 20% / reading 31% proficiency, ranked #169 of 183 in OR (top 92%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 71% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Lincoln Elementary School (574 students, 73% FRL); French Prairie Middle School (587 students, 72% FRL); Woodburn Success (79 students, 68% FRL) — zoned schools at 71% FRL track the district average.
• Market conditions: Rents rising (+2.9%/yr); 306 active listings in the ZIP; 1,591 units permitted in Marion County in 2024 (716 in 5+ unit buildings).
• This rent runs 33% of the median local income ($71k/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 $608 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Marion County population projected at +17% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 2.9% rent growth), your $25k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 22 days — a 2% lower offer ($87k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 19y 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 $29k; list at $88k implies a 203% gain — meaningful room to come down on a strong offer.

Recommended offer $86,680 (1.5% below list)

Questions for the listing agent

1. Built in 1972 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are D-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. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
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: 2.23% ✓
• Cap rate: 19.18%
• Cash-on-cash: 46.02%
• DSCR: 3.05
• GRM: 3.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.94% rent growth · sell at horizon

5-year hold

• IRR: 43.2%
• Equity multiple: 2.86×
• Total profit: $45,831
• Equity at exit: $13,121

10-year hold

• IRR: 49.2%
• Equity multiple: 5.75×
• Total profit: $117,034
• Equity at exit: $7,609

Cash invested: $24,640 (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 97071

• Rents YoY: 2.9%
• Active inventory: 306
• Price-to-rent: 3.7×

Monthly cashflow live

• Estimated rent: $1,966 medium
• Mortgage (P&I): −$461
• Tax est. 1.5%: −$110 /mo · $1,320/yr
• Insurance: −$37
• HOA: −$0
• Vacancy / Maint / Mgmt: −$413
• Net cashflow: $945

Break-even live

Break-even rent $770

Max offer price $88,000

Occupancy floor 47%

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: $22,000
• Closing costs: $2,640
• Reserves months: —
• Total cash needed: —

Listing history 32 events

1. 2026-06-14
   status $88,000 Pending 22 DOM
2. 2026-06-10
   days on market $88,000 Active 22 DOM
3. 2026-06-09
   days on market $88,000 Active 21 DOM
4. 2026-06-08
   days on market $88,000 Active 20 DOM
5. 2026-06-07
   days on market $88,000 Active 19 DOM
6. 2026-06-05
   days on market $88,000 Active 16 DOM
7. 2026-06-03
   days on market $88,000 Active 15 DOM
8. 2026-06-02
   days on market $88,000 Active 14 DOM
9. 2026-06-01
   days on market $88,000 Active 13 DOM
10. 2026-05-31
    days on market $88,000 Active 12 DOM
11. 2026-05-30
    days on market $88,000 Active 11 DOM
12. 2026-05-19
    listed $88,000 Active
13. 2025-10-27
    soldstatus $29,000 Closed 248-char remark

    Show marketing remark (248 chars)

    The LVP flooring is new through out. Dishwasher and fridge are brand new. The central heating unit was installed new in 2024. The covered area includes a workshop/storage room that can be locked. Fresh paint. AS IS. 55+ park. Park rent $875 a month

14. 2025-09-29
    price $29,000 248-char remark

    Show marketing remark (248 chars)

    The LVP flooring is new through out. Dishwasher and fridge are brand new. The central heating unit was installed new in 2024. The covered area includes a workshop/storage room that can be locked. Fresh paint. AS IS. 55+ park. Park rent $875 a month

15. 2025-07-14
    price $32,000 248-char remark

    Show marketing remark (248 chars)

    The LVP flooring is new through out. Dishwasher and fridge are brand new. The central heating unit was installed new in 2024. The covered area includes a workshop/storage room that can be locked. Fresh paint. AS IS. 55+ park. Park rent $875 a month

16. 2025-06-26
    status Active 248-char remark

    Show marketing remark (248 chars)

    The LVP flooring is new through out. Dishwasher and fridge are brand new. The central heating unit was installed new in 2024. The covered area includes a workshop/storage room that can be locked. Fresh paint. AS IS. 55+ park. Park rent $875 a month

17. 2025-06-26
    price $40,000 248-char remark

    Show marketing remark (248 chars)

    The LVP flooring is new through out. Dishwasher and fridge are brand new. The central heating unit was installed new in 2024. The covered area includes a workshop/storage room that can be locked. Fresh paint. AS IS. 55+ park. Park rent $875 a month

18. 2025-06-20
    status Pending 248-char remark

    Show marketing remark (248 chars)

    The LVP flooring is new through out. Dishwasher and fridge are brand new. The central heating unit was installed new in 2024. The covered area includes a workshop/storage room that can be locked. Fresh paint. AS IS. 55+ park. Park rent $875 a month

19. 2025-06-03
    soldstatus $59,900 Closed 345-char remark

    Show marketing remark (345 chars)

    Welcome to 1999 Jansen Way #71 in the heart of Woodburn, Oregon! This charming 2-bedroom, 2-bathroom home offers 1,120 square feet of comfortable living space. Situated in a quiet and well-maintained community, this residence features a practical layout with a spacious living room, newly painted kitchen, and plenty of natural light throughout.

20. 2025-05-23
    listed $50,000 Active 248-char remark

    Show marketing remark (248 chars)

    The LVP flooring is new through out. Dishwasher and fridge are brand new. The central heating unit was installed new in 2024. The covered area includes a workshop/storage room that can be locked. Fresh paint. AS IS. 55+ park. Park rent $875 a month

21. 2025-05-02
    status Pending 345-char remark

    Show marketing remark (345 chars)

    Welcome to 1999 Jansen Way #71 in the heart of Woodburn, Oregon! This charming 2-bedroom, 2-bathroom home offers 1,120 square feet of comfortable living space. Situated in a quiet and well-maintained community, this residence features a practical layout with a spacious living room, newly painted kitchen, and plenty of natural light throughout.

22. 2025-04-24
    price $59,900 345-char remark

    Show marketing remark (345 chars)

    Welcome to 1999 Jansen Way #71 in the heart of Woodburn, Oregon! This charming 2-bedroom, 2-bathroom home offers 1,120 square feet of comfortable living space. Situated in a quiet and well-maintained community, this residence features a practical layout with a spacious living room, newly painted kitchen, and plenty of natural light throughout.

23. 2025-04-17
    listed $82,500 Active 345-char remark

    Show marketing remark (345 chars)

    Welcome to 1999 Jansen Way #71 in the heart of Woodburn, Oregon! This charming 2-bedroom, 2-bathroom home offers 1,120 square feet of comfortable living space. Situated in a quiet and well-maintained community, this residence features a practical layout with a spacious living room, newly painted kitchen, and plenty of natural light throughout.

24. 2019-11-04
    soldstatus $31,500 Sold
25. 2019-09-04
    listed $32,500 Active
26. 2019-02-22
    soldstatus $25,900 Sold
27. 2019-02-22
    historical
28. 2018-08-31
    listed $25,900
29. 2007-12-20
    historical
30. 2007-12-20
    soldstatus $7,500
31. 2007-08-29
    listed $8,000
32. 2001-02-15
    soldstatus $2,015,000

ⓘ 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 3/10 Moderate 7 d/yr ≥91°F today · 14 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 10/10 Extreme 13 unhealthy d/yr today · 14 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,590
• − Mortgage interest: −$4,929
• − Property taxes: −$1,320
• − Insurance: −$440
• − Repairs & maintenance: −$1,887
• − Management: −$1,887
• − Depreciation: −$2,560
• Taxable income: $10,566
• Est. tax owed @ 24.0%: −$2,536
• After-tax cash flow: $8,803/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: Woodburn SD 103
• NCES district ID: 4113530
• Math proficiency: 20% ▬ 0.00%
• Reading proficiency: 31% ▼ -1.00%
• Median HH income: $44,033
• Composite: 24.9/100
• National rank: #12993
• State rank: #169 of 183 in OR

Livability — Woodburn

• Score: 74/100
• State rank: #91
• US rank: #4490

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Woodburn, OR
• County: Marion County · 258,219 people
• City population: 33,123
• Metro: Salem, OR
• Population (ZIP): 33,123
• Household income: $70,938
• Rent vs Own: 36.1% rent · 63.9% own
• Severe rent burden: 1039.0

Population outlook (Marion County) Hauer SSP2

• Today (2025): 360,940 people
• By 2030: 375,178 · +3.9%
• By 2040: 400,914 · +11.1%
• By 2050: 422,187 · +17.0%
• By 2075: 460,305 · +27.5%
• By 2100: 464,025 · +28.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority Hispanic (61%)
• Race & ethnicity: Hispanic / Latino 61% White 34% Two or more races 22% Native American 2% Asian 1%
• Hispanic origin (detail): Mexican 51%
• Common ancestry: Scotch-Irish 2% Lithuanian 2% Romanian 2%
• Foreign-born: 30% · Canada, China
• Languages at home: 43% English-only · Spanish 53% Russian/Polish/Slavic 2%

Political lean MEDSL · Marion

• 2024 margin: Toss-up / Even · D 47.5% · R 49.5% · Other 3.0%
• 2008→2024 swing: -4.2pp toward R · 2008: 2.2pp · 2024: -2.0pp
• All cycles: 2024: R+2.0 2020: D+1.1 2016: R+5.0 2012: R+3.5 2008: D+2.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -353.43%
• Current HPI: 297.3113
• Rent YoY: ▲ 2.94%
• Metro: Salem, 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

-95.6% since first listed

21 events — show timeline

• 2026-05-19 Listed $88,000 RMLS
• 2025-10-27 Sold (MLS) $29,000 RMLS
• 2025-09-29 Price Changed $29,000 RMLS
• 2025-07-14 Price Changed $32,000 RMLS
• 2025-06-26 Relisted — RMLS
• 2025-06-26 Price Changed $40,000 RMLS
• 2025-06-20 Pending — RMLS
• 2025-06-03 Sold (MLS) $59,900 RMLS
• 2025-05-23 Listed $50,000 RMLS
• 2025-05-02 Pending — RMLS
• 2025-04-24 Price Changed $59,900 RMLS
• 2025-04-17 Listed $82,500 RMLS
• 2019-11-04 Sold (MLS) $31,500 RMLS
• 2019-09-04 Listed $32,500 RMLS
• 2019-02-22 Delisted — RMLS
• 2019-02-22 Sold (MLS) $25,900 RMLS
• 2018-08-31 Listed $25,900 RMLS
• 2007-12-20 Sold (MLS) $7,500 RMLS
• 2007-12-20 Delisted — RMLS
• 2007-08-29 Listed $8,000 RMLS
• 2001-02-15 Sold (Public Records) $2,015,000 Public Records

Property tax history

+2.8%/yr

Latest (2025): $48,461 · +2.1% YoY. Source: county tax records.