71360 E Jennie Ln · Rhododendron, OR 97049

$295,000

3 bd · 1.0 ba · 1,768 sqft · SingleFamily public records · 58 Days on market

Built 1930 0.29 ac lot $167/sqft · 49% below area Est $579k · 49% under

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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 +16.4/30.0
• ARV discount +15.0/15.0
• DSCR +5.1/10.0
• Schools +5.0/10.0
• 1% rule +3.7/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Back on the market. Tucked on a quiet lane in the heart of Rhododendron’s Mt. Hood corridor, this 1,768 sq ft cabin-style home in need of love again blends space, character, and setting. Built in 1930, it offers 3 bedrooms, 1 bath, and sits among mature evergreens for a private mountain feel. Living areas allow flexibility for full-time living or a second home retreat, with a wood-burning insert adding warmth and charm. This home is ready for updates, this is a rare opportunity to bring your vision while preserving classic character. As summer approaches, outdoor enthusiasts will appreciate easy access to Hwy 26, the Sandy River, hiking, fishing, and skiing. Properties like with room to improve, are becoming harder to find and often cost less than starting new. Good rental potential. Schedule a private tour today and explore the possibilities. FHA 203(k) and USDA Rehab financing options available.

Key facts

• 0.29 acre lot
• Garage
• Built 1930

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $295k.

Deal economics

• At list price, monthly cash flow is $166 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $257k (12.8% below list).
• Recommended offer: $257k (12.8% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads: area grade C — affects rentability + tenant quality, not the cash-flow math above.
• Oregon Trail SD 46 (town): math 47% / reading 64% proficiency, ranked #12 of 183 in OR (top 7%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 45 active listings in the ZIP; 946 units permitted in Clackamas County in 2024 (188 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.
• Clackamas County population projected at +25% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 58 days — a 3% lower offer ($286k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1930 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $257,094 (12.8% below list)

Questions for the listing agent

1. It's been on market 58 days. Have you received any prior offers? Is the seller open to a 13% concession, seller financing, or rate buy-down credit?
2. Built in 1930 — 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. 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.
5. 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.
6. 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: 0.87% ✗
• Cap rate: 6.97%
• Cash-on-cash: 2.41%
• DSCR: 1.11
• GRM: 9.6

CMA / ARV

• ARV (median comp): $578,804
• List price: $295,000
• Delta: -49.03%
• Verdict: UNDERPRICED
• Comps: 14 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
24877 E Section Line Rd	0.35mi	3/2.0	1,622 (-8%)	12mo	$700,000	$432	55

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: -12.5%
• Equity multiple: 0.55×
• Total profit: $-37,326
• Equity at exit: $43,985

10-year hold

• IRR: -3.5%
• Equity multiple: 0.77×
• Total profit: $-19,199
• Equity at exit: $25,506

Cash invested: $82,600 (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 97049

• Home prices YoY: -28.4%
• Active inventory: 45
• Price-to-rent: 9.6×

Monthly cashflow live

• Estimated rent: $2,571 medium
• Mortgage (P&I): −$1,547
• Tax from tax record: −$196 /mo · $2,347/yr
• Insurance: −$123
• HOA: −$0
• Vacancy / Maint / Mgmt: −$540
• Net cashflow: $166

Break-even live

Break-even rent $2,361

Max offer price $295,000

Occupancy floor 89%

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: $73,750
• Closing costs: $8,850
• Reserves months: —
• Total cash needed: —

Listing history 7 events

1. 2026-05-13
   status Pending 916-char remark

   Show marketing remark (916 chars)

   Back on the market. Tucked on a quiet lane in the heart of Rhododendron’s Mt. Hood corridor, this 1,768 sq ft cabin-style home in need of love again blends space, character, and setting. Built in 1930, it offers 3 bedrooms, 1 bath, and sits among mature evergreens for a private mountain feel. Living areas allow flexibility for full-time living or a second home retreat, with a wood-burning insert adding warmth and charm. This home is ready for updates, this is a rare opportunity to bring your vision while preserving classic character. As summer approaches, outdoor enthusiasts will appreciate easy access to Hwy 26, the Sandy River, hiking, fishing, and skiing. Properties like with room to improve, are becoming harder to find and often cost less than starting new. Good rental potential. Schedule a private tour today and explore the possibilities. FHA 203(k) and USDA Rehab financing options available.

2. 2026-05-05
   status Active 916-char remark

   Show marketing remark (916 chars)

   Back on the market. Tucked on a quiet lane in the heart of Rhododendron’s Mt. Hood corridor, this 1,768 sq ft cabin-style home in need of love again blends space, character, and setting. Built in 1930, it offers 3 bedrooms, 1 bath, and sits among mature evergreens for a private mountain feel. Living areas allow flexibility for full-time living or a second home retreat, with a wood-burning insert adding warmth and charm. This home is ready for updates, this is a rare opportunity to bring your vision while preserving classic character. As summer approaches, outdoor enthusiasts will appreciate easy access to Hwy 26, the Sandy River, hiking, fishing, and skiing. Properties like with room to improve, are becoming harder to find and often cost less than starting new. Good rental potential. Schedule a private tour today and explore the possibilities. FHA 203(k) and USDA Rehab financing options available.

3. 2026-04-27
   status Pending 916-char remark

   Show marketing remark (916 chars)

   Back on the market. Tucked on a quiet lane in the heart of Rhododendron’s Mt. Hood corridor, this 1,768 sq ft cabin-style home in need of love again blends space, character, and setting. Built in 1930, it offers 3 bedrooms, 1 bath, and sits among mature evergreens for a private mountain feel. Living areas allow flexibility for full-time living or a second home retreat, with a wood-burning insert adding warmth and charm. This home is ready for updates, this is a rare opportunity to bring your vision while preserving classic character. As summer approaches, outdoor enthusiasts will appreciate easy access to Hwy 26, the Sandy River, hiking, fishing, and skiing. Properties like with room to improve, are becoming harder to find and often cost less than starting new. Good rental potential. Schedule a private tour today and explore the possibilities. FHA 203(k) and USDA Rehab financing options available.

4. 2026-04-20
   price $295,000 916-char remark

   Show marketing remark (916 chars)

   Back on the market. Tucked on a quiet lane in the heart of Rhododendron’s Mt. Hood corridor, this 1,768 sq ft cabin-style home in need of love again blends space, character, and setting. Built in 1930, it offers 3 bedrooms, 1 bath, and sits among mature evergreens for a private mountain feel. Living areas allow flexibility for full-time living or a second home retreat, with a wood-burning insert adding warmth and charm. This home is ready for updates, this is a rare opportunity to bring your vision while preserving classic character. As summer approaches, outdoor enthusiasts will appreciate easy access to Hwy 26, the Sandy River, hiking, fishing, and skiing. Properties like with room to improve, are becoming harder to find and often cost less than starting new. Good rental potential. Schedule a private tour today and explore the possibilities. FHA 203(k) and USDA Rehab financing options available.

5. 2026-04-18
   status Active 916-char remark

   Show marketing remark (916 chars)

   Back on the market. Tucked on a quiet lane in the heart of Rhododendron’s Mt. Hood corridor, this 1,768 sq ft cabin-style home in need of love again blends space, character, and setting. Built in 1930, it offers 3 bedrooms, 1 bath, and sits among mature evergreens for a private mountain feel. Living areas allow flexibility for full-time living or a second home retreat, with a wood-burning insert adding warmth and charm. This home is ready for updates, this is a rare opportunity to bring your vision while preserving classic character. As summer approaches, outdoor enthusiasts will appreciate easy access to Hwy 26, the Sandy River, hiking, fishing, and skiing. Properties like with room to improve, are becoming harder to find and often cost less than starting new. Good rental potential. Schedule a private tour today and explore the possibilities. FHA 203(k) and USDA Rehab financing options available.

6. 2026-04-01
   status Pending 916-char remark

   Show marketing remark (916 chars)

   Back on the market. Tucked on a quiet lane in the heart of Rhododendron’s Mt. Hood corridor, this 1,768 sq ft cabin-style home in need of love again blends space, character, and setting. Built in 1930, it offers 3 bedrooms, 1 bath, and sits among mature evergreens for a private mountain feel. Living areas allow flexibility for full-time living or a second home retreat, with a wood-burning insert adding warmth and charm. This home is ready for updates, this is a rare opportunity to bring your vision while preserving classic character. As summer approaches, outdoor enthusiasts will appreciate easy access to Hwy 26, the Sandy River, hiking, fishing, and skiing. Properties like with room to improve, are becoming harder to find and often cost less than starting new. Good rental potential. Schedule a private tour today and explore the possibilities. FHA 203(k) and USDA Rehab financing options available.

7. 2026-02-19
   status Active 916-char remark

   Show marketing remark (916 chars)

   Back on the market. Tucked on a quiet lane in the heart of Rhododendron’s Mt. Hood corridor, this 1,768 sq ft cabin-style home in need of love again blends space, character, and setting. Built in 1930, it offers 3 bedrooms, 1 bath, and sits among mature evergreens for a private mountain feel. Living areas allow flexibility for full-time living or a second home retreat, with a wood-burning insert adding warmth and charm. This home is ready for updates, this is a rare opportunity to bring your vision while preserving classic character. As summer approaches, outdoor enthusiasts will appreciate easy access to Hwy 26, the Sandy River, hiking, fishing, and skiing. Properties like with room to improve, are becoming harder to find and often cost less than starting new. Good rental potential. Schedule a private tour today and explore the possibilities. FHA 203(k) and USDA Rehab financing options available.

ⓘ 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: $2,347 · $196/mo
• Projected year-2 tax: $2,862 · $238/mo
• Expected delta: +$515/yr (+$43/mo · 21.9%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 1/10 Low 8 d/yr ≥84°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 9/10 Extreme 12 unhealthy d/yr today · 14 by 30 yrs out

Taxation est. · year 1

• Rental income: $30,851
• − Mortgage interest: −$16,525
• − Property taxes: −$2,347
• − Insurance: −$1,475
• − Repairs & maintenance: −$2,468
• − Management: −$2,468
• − Depreciation: −$8,582
• Taxable loss: −$3,013
• Est. tax savings @ 24.0%: +$723
• After-tax cash flow: $2,710/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: Oregon Trail SD 46
• NCES district ID: 4110890
• Math proficiency: 47% ▬ 0.00%
• Reading proficiency: 64% ▲ 1.00%
• Median HH income: $61,406
• Composite: 50.19/100
• National rank: #4075
• State rank: #12 of 183 in OR

Livability — Rhododendron

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Population (ZIP): 2,015

Population outlook (Clackamas County) Hauer SSP2

• Today (2025): 458,456 people
• By 2030: 485,185 · +5.8%
• By 2040: 532,932 · +16.2%
• By 2050: 574,445 · +25.3%
• By 2075: 665,497 · +45.2%
• By 2100: 697,488 · +52.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (91%)
• Race & ethnicity: White 91% Two or more races 6% Hispanic / Latino 4% Asian 1%
• Common ancestry: Slovak 4% Scottish 3% Italian 3%
• Foreign-born: 2% · China
• Languages at home: 96% English-only · Spanish 1% Russian/Polish/Slavic 1% Chinese 1%

Political lean MEDSL · Clackamas

• 2024 margin: Lean D (+9.7) · D 53.4% · R 43.6% · Other 3.0%
• 2008→2024 swing: -0.6pp no change · 2008: 10.4pp · 2024: 9.7pp
• All cycles: 2024: D+9.7 2020: D+11.1 2016: D+6.1 2012: D+3.5 2008: D+10.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -118.02%
• Current HPI: 297.7871
• 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 events — show timeline

• 2026-05-13 Pending — RMLS
• 2026-05-05 Relisted — RMLS
• 2026-04-27 Pending — RMLS
• 2026-04-20 Price Changed $295,000 RMLS
• 2026-04-18 Relisted — RMLS
• 2026-04-01 Pending — RMLS
• 2026-02-19 Relisted — RMLS

Property tax history

+3.6%/yr

Latest (2025): $2,347 · +10.7% YoY. Source: county tax records.