2150 Laura St #83 · Springfield, OR 97477

$30,000

2 bd · 1.0 ba · 520 sqft · Manufactured public records · 155 Days on market

Built 1965 $58/sqft · 23% below area Est $46k · 35% under ↓ 25% 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 +15.0/30.0
• ARV discount +15.0/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Livability +4.2/5.0
• Rent growth +3.7/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Discover comfort and modern updates in this cozy, move-in ready 1965 Pacifica single-wide located in the welcoming 55+ Monta Loma Estates community in Springfield. This charming home has been thoughtfully remodeled with new cabinets, sinks, quartz countertops, and stainless steel appliances—including a gas stove, built-in microwave, dishwasher, and oversized French-door fridge with water/ice dispenser. Bamboo flooring highlights the kitchen and hallway, while brand-new carpet adds warmth to the living room, dining room, and bedrooms. The updated bathroom features tile flooring, quartz countertop, and a stackable washer and dryer. Enjoy double-pane vinyl windows, a covered front porch, enclosed back porch, and a fully fenced backyard perfect for pets or gardening. A carport with storage shed provides added convenience. Monta Loma Estates offers a well-kept, friendly environment with amenities including a clubhouse, full community kitchen, fitness center, billiards, dog park, and laundry facility. Space rent is $975/month. Conveniently located near I-5, Hwy 126, shopping, dining, and Riverbend Hospital, this home offers comfort, ease, and community in a prime Springfield location. New paint in Bedrooms, bathroom and hallway!

Key facts

• Quartz countertops
• Modern updates
• New cabinets

Tags

• MODERN UPDATES
• NEW CABINETS
• QUARTZ COUNTERTOPS
• STAINLESS STEEL APPLIANCES
• GAS STOVE
• BUILT-IN MICROWAVE

🏷️ Possibly a rental listed for sale. The $30,000 price doesn't fit this home's estimated sale value (~$46,000) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $30k.

Deal economics

• At list price, monthly cash flow is $984 ($12k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $30k).
• Recommended offer: $26k (12.0% below list) — sets the bar for market timing.
• Cap rate 45.7% vs local median 3.0% in Springfield — 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 83/100 on livability (#40 in OR, #934 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, housing A+; Watch: schools D+, crime D+, employment D+.
• Springfield SD 19 (suburban): math 19% / reading 38% proficiency, ranked #48 of 58 in OR (top 83%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: Rents rising fast (+4.8%/yr); 163 active listings in the ZIP; 17 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 1,808 units permitted in Lane County in 2024 (972 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $207 of loan paydown is wiped out by about $900 of value loss. Plan a longer hold.
• Lane County population projected at +15% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 4.8% rent growth), your $8k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 155 days — a 12% lower offer ($26k) is reasonable based on typical stale-listing flexibility.

Recommended offer $26,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 155 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1965 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
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: 5.03% ✓
• Cap rate: 45.65%
• Cash-on-cash: 140.57%
• DSCR: 7.25
• GRM: 1.7

CMA / ARV

• ARV (median comp): $46,000
• List price: $30,000
• Delta: -34.78%
• Verdict: UNDERPRICED
• Comps: 5 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1120 W Fairview Dr #8	0.57mi	2/1.0	588 (+13%)	21mo	$43,000	$73	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 · 4.81% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 8.22×
• Total profit: $60,628
• Equity at exit: $4,473

10-year hold

• IRR: —
• Equity multiple: 18.32×
• Total profit: $145,489
• Equity at exit: $2,594

Cash invested: $8,400 (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 97477

• Rents YoY: 4.8%
• Active inventory: 163
• Price-to-rent: 1.7×

Monthly cashflow live

• Estimated rent: $1,508 high
• Mortgage (P&I): −$157
• Tax est. 1.5%: −$38 /mo · $450/yr
• Insurance: −$12
• HOA: −$0
• Vacancy / Maint / Mgmt: −$317
• Net cashflow: $984

Break-even live

Break-even rent $262

Max offer price $30,000

Occupancy floor 30%

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: $7,500
• Closing costs: $900
• Reserves months: —
• Total cash needed: —

Rent comps 17 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
460 Lindale Dr Springfield, OR	1.0–2.0	1.0	770	$1,839	$2.39	13d	9	0.20mi
243 R St Springfield, OR	1.0–3.0	1.0–2.5	867	$1,649	$1.90	43d	6	0.47mi
2555 Gateway St Springfield, OR	2.0	1.0	682	$1,649	$2.42	21d	14	0.61mi
506 W Centennial Blvd Springfield, OR	1.0–3.0	1.0–2.0	1182	$1,684	$1.42	21d	3	0.68mi
1725 N 5th St Unit P-070 Springfield, OR	1.0	1.0	580	$1,395	$2.41	43d	1	0.78mi
1725 5th St Springfield, OR	1.0–2.0	1.0	705	$1,495	$2.12	13d	9	0.84mi
3033 Gateway St Springfield, OR	1.0–2.0	1.0	750	$1,700	$2.27	13d	15	0.85mi
844 Mill St Springfield, OR	1.0	1.0	600	$1,095	$1.82	43d	1	1.02mi
844 Mill St Springfield, OR	2.0	1.0	700	$1,295	$1.85	21d	1	1.02mi
844 Mill St Springfield, OR	1.0	1.0	600	$1,095	$1.82	44d	1	1.02mi
3255 Gateway St Springfield, OR	2.0	1.0	640	$1,535	$2.40	13d	1	1.02mi
650 Mill St Unit 18 Springfield, OR	2.0	1.0	700	$1,095	$1.56	43d	1	1.11mi
243 F St Unit 20 Springfield, OR	2.0	1.0	720	$1,095	$1.52	21d	1	1.17mi
275 S Garden Way Eugene, OR	1.0	1.0	467	$1,479	$3.17	13d	22	1.18mi
745 6th St Springfield, OR	1.0	1.0	710	$1,295	$1.82	21d	1	1.22mi
608 4th St Unit 1 Springfield, OR	1.0	1.0	448	$1,499	$3.35	21d	1	1.22mi
406 4th St Unit 04 Springfield, OR	1.0	1.0	463	$950	$2.05	43d	1	1.33mi

Listing history 5 events

1. 2026-05-10
   status Pending 1248-char remark

   Show marketing remark (1248 chars)

   Discover comfort and modern updates in this cozy, move-in ready 1965 Pacifica single-wide located in the welcoming 55+ Monta Loma Estates community in Springfield. This charming home has been thoughtfully remodeled with new cabinets, sinks, quartz countertops, and stainless steel appliances—including a gas stove, built-in microwave, dishwasher, and oversized French-door fridge with water/ice dispenser. Bamboo flooring highlights the kitchen and hallway, while brand-new carpet adds warmth to the living room, dining room, and bedrooms. The updated bathroom features tile flooring, quartz countertop, and a stackable washer and dryer. Enjoy double-pane vinyl windows, a covered front porch, enclosed back porch, and a fully fenced backyard perfect for pets or gardening. A carport with storage shed provides added convenience. Monta Loma Estates offers a well-kept, friendly environment with amenities including a clubhouse, full community kitchen, fitness center, billiards, dog park, and laundry facility. Space rent is $975/month. Conveniently located near I-5, Hwy 126, shopping, dining, and Riverbend Hospital, this home offers comfort, ease, and community in a prime Springfield location. New paint in Bedrooms, bathroom and hallway!

2. 2026-03-25
   price $30,000 1248-char remark

   Show marketing remark (1248 chars)

   Discover comfort and modern updates in this cozy, move-in ready 1965 Pacifica single-wide located in the welcoming 55+ Monta Loma Estates community in Springfield. This charming home has been thoughtfully remodeled with new cabinets, sinks, quartz countertops, and stainless steel appliances—including a gas stove, built-in microwave, dishwasher, and oversized French-door fridge with water/ice dispenser. Bamboo flooring highlights the kitchen and hallway, while brand-new carpet adds warmth to the living room, dining room, and bedrooms. The updated bathroom features tile flooring, quartz countertop, and a stackable washer and dryer. Enjoy double-pane vinyl windows, a covered front porch, enclosed back porch, and a fully fenced backyard perfect for pets or gardening. A carport with storage shed provides added convenience. Monta Loma Estates offers a well-kept, friendly environment with amenities including a clubhouse, full community kitchen, fitness center, billiards, dog park, and laundry facility. Space rent is $975/month. Conveniently located near I-5, Hwy 126, shopping, dining, and Riverbend Hospital, this home offers comfort, ease, and community in a prime Springfield location. New paint in Bedrooms, bathroom and hallway!

3. 2026-03-04
   price $33,000 1248-char remark

   Show marketing remark (1248 chars)

   Discover comfort and modern updates in this cozy, move-in ready 1965 Pacifica single-wide located in the welcoming 55+ Monta Loma Estates community in Springfield. This charming home has been thoughtfully remodeled with new cabinets, sinks, quartz countertops, and stainless steel appliances—including a gas stove, built-in microwave, dishwasher, and oversized French-door fridge with water/ice dispenser. Bamboo flooring highlights the kitchen and hallway, while brand-new carpet adds warmth to the living room, dining room, and bedrooms. The updated bathroom features tile flooring, quartz countertop, and a stackable washer and dryer. Enjoy double-pane vinyl windows, a covered front porch, enclosed back porch, and a fully fenced backyard perfect for pets or gardening. A carport with storage shed provides added convenience. Monta Loma Estates offers a well-kept, friendly environment with amenities including a clubhouse, full community kitchen, fitness center, billiards, dog park, and laundry facility. Space rent is $975/month. Conveniently located near I-5, Hwy 126, shopping, dining, and Riverbend Hospital, this home offers comfort, ease, and community in a prime Springfield location. New paint in Bedrooms, bathroom and hallway!

4. 2026-02-06
   price $35,999 1248-char remark

   Show marketing remark (1248 chars)

   Discover comfort and modern updates in this cozy, move-in ready 1965 Pacifica single-wide located in the welcoming 55+ Monta Loma Estates community in Springfield. This charming home has been thoughtfully remodeled with new cabinets, sinks, quartz countertops, and stainless steel appliances—including a gas stove, built-in microwave, dishwasher, and oversized French-door fridge with water/ice dispenser. Bamboo flooring highlights the kitchen and hallway, while brand-new carpet adds warmth to the living room, dining room, and bedrooms. The updated bathroom features tile flooring, quartz countertop, and a stackable washer and dryer. Enjoy double-pane vinyl windows, a covered front porch, enclosed back porch, and a fully fenced backyard perfect for pets or gardening. A carport with storage shed provides added convenience. Monta Loma Estates offers a well-kept, friendly environment with amenities including a clubhouse, full community kitchen, fitness center, billiards, dog park, and laundry facility. Space rent is $975/month. Conveniently located near I-5, Hwy 126, shopping, dining, and Riverbend Hospital, this home offers comfort, ease, and community in a prime Springfield location. New paint in Bedrooms, bathroom and hallway!

5. 2025-12-05
   listed $39,900 Active 1248-char remark

   Show marketing remark (1248 chars)

   Discover comfort and modern updates in this cozy, move-in ready 1965 Pacifica single-wide located in the welcoming 55+ Monta Loma Estates community in Springfield. This charming home has been thoughtfully remodeled with new cabinets, sinks, quartz countertops, and stainless steel appliances—including a gas stove, built-in microwave, dishwasher, and oversized French-door fridge with water/ice dispenser. Bamboo flooring highlights the kitchen and hallway, while brand-new carpet adds warmth to the living room, dining room, and bedrooms. The updated bathroom features tile flooring, quartz countertop, and a stackable washer and dryer. Enjoy double-pane vinyl windows, a covered front porch, enclosed back porch, and a fully fenced backyard perfect for pets or gardening. A carport with storage shed provides added convenience. Monta Loma Estates offers a well-kept, friendly environment with amenities including a clubhouse, full community kitchen, fitness center, billiards, dog park, and laundry facility. Space rent is $975/month. Conveniently located near I-5, Hwy 126, shopping, dining, and Riverbend Hospital, this home offers comfort, ease, and community in a prime Springfield location. New paint in Bedrooms, bathroom and hallway!

ⓘ 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 4/10 Moderate FEMA zone X (unshaded) · 21% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 4/10 Moderate 7 d/yr ≥92°F today · 15 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 10/10 Extreme 15 unhealthy d/yr today · 16 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,096
• − Mortgage interest: −$1,680
• − Property taxes: −$450
• − Insurance: −$150
• − Repairs & maintenance: −$1,448
• − Management: −$1,448
• − Depreciation: −$873
• Taxable income: $12,047
• Est. tax owed @ 24.0%: −$2,891
• After-tax cash flow: $8,917/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: Springfield SD 19
• NCES district ID: 4111670
• Math proficiency: 19% ▼ -13.00%
• Reading proficiency: 38% ▼ -10.00%
• Median HH income: $42,236
• Composite: 24.14/100
• National rank: #7746
• State rank: #48 of 58 in OR

Livability — Springfield

• Score: 83/100
• State rank: #40
• US rank: #934

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Springfield, OR
• County: Lane County · 310,476 people
• City population: 76,907
• Metro: Eugene-Springfield, OR
• Population (ZIP): 37,534
• Household income: $65,662
• Rent vs Own: 47.2% rent · 52.8% own
• Severe rent burden: 1817.0

Population outlook (Lane County) Hauer SSP2

• Today (2025): 391,933 people
• By 2030: 405,860 · +3.6%
• By 2040: 429,386 · +9.6%
• By 2050: 452,016 · +15.3%
• By 2075: 508,825 · +29.8%
• By 2100: 531,208 · +35.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (77%)
• Race & ethnicity: White 77% Hispanic / Latino 13% Two or more races 10% Asian 1% Native American 1%
• Hispanic origin (detail): Mexican 10%
• Common ancestry: Lithuanian 4% Portuguese 4% Italian 3%
• Foreign-born: 6% · Canada
• Languages at home: 89% English-only · Spanish 9% Other Asian/Pacific 1%

Political lean MEDSL · Lane

• 2024 margin: Strong D (+23.1) · D 60.0% · R 36.9% · Other 3.1%
• 2008→2024 swing: -4.3pp toward R · 2008: 27.4pp · 2024: 23.1pp
• All cycles: 2024: D+23.1 2020: D+24.3 2016: D+18.9 2012: D+23.4 2008: D+27.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -489.08%
• Current HPI: 299.6863
• Rent YoY: ▲ 4.81%
• Metro: Eugene-Springfield, 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

-24.8% since first listed

5 events — show timeline

• 2026-05-10 Pending — RMLS
• 2026-03-25 Price Changed $30,000 RMLS
• 2026-03-04 Price Changed $33,000 RMLS
• 2026-02-06 Price Changed $35,999 RMLS
• 2025-12-05 Listed $39,900 RMLS

Property tax history

-37.4%/yr

Latest (2015): $6 · +0.0% YoY. Source: county tax records.