13640 SE Highway 212 #39 · Happy Valley, OR 97015

$99,999

2 bd · 1.0 ba · 1,188 sqft · Other public records · 190 Days on market

Built 2005 ↓ 17% since listing

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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 +3.8/5.0
• Schools +3.2/10.0
• Rent growth +3.1/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Back on Market at no fault of the home!! Quaint and private manufactured home located in the highly sought-after Shadowbrook Mobile Home Park, a 55+ community known for its peaceful atmosphere. Residents enjoy access to a serene setting with a community clubhouse and pool. This charming home features an exterior door from the second bedroom leading to a lovely side yard with a concrete patio & porch - perfect for relaxing or entertaining. The spacious, fully fenced back yard offers plenty of room for raised garden beds or a new lawn. All 3 porches and railings are newly painted along with the outside baseboards. A covered carport provides parking for two vehicles and includes an attached storage/tool shed for added convenience. Fresh interior paint, brand-new carpet throughout, vaulted ceilings, skylights, and ceiling fans enhance the home’s comfort and appeal. Large windows throughout bring in the sunshine. All appliances, including the washer, dryer and refrigerator are included—making this home move-in ready!

Key facts

• Manufactured home
• Community pool
• Community clubhouse

Tags

• MANUFACTURED HOME
• SHADOWBROOK MOBILE HOME PARK
• COMMUNITY CLUBHOUSE
• COMMUNITY POOL
• SIDE YARD
• CONCRETE PATIO

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath other listed at $100k.

Deal economics

• At list price, monthly cash flow is $954 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $100k).
• Recommended offer: $88k (12.0% below list) — sets the bar for market timing.
• Cap rate 17.7% vs local median 2.5% in Happy Valley — 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 76/100 on livability (#76 in OR, #3,386 nationally) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+, crime A; Watch: amenities F, cost of living F.
• North Clackamas SD 12 (suburban): math 29% / reading 43% proficiency, ranked #22 of 58 in OR (top 38%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+2.5%/yr); 120 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 43% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 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 $691 of loan paydown is wiped out by about $3k 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.
• At projected returns (-3.0% appreciation + 2.5% rent growth), your $28k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 190 days — a 12% lower offer ($88k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask has dropped $20k (17%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $87,999 (12.0% below list)

Questions for the listing agent

1. It's been on market 190 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 A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 2.00% ✓
• Cap rate: 17.74%
• Cash-on-cash: 40.89%
• DSCR: 2.82
• GRM: 4.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.48% rent growth · sell at horizon

5-year hold

• IRR: 36.8%
• Equity multiple: 2.55×
• Total profit: $43,504
• Equity at exit: $14,910

10-year hold

• IRR: 43.2%
• Equity multiple: 4.99×
• Total profit: $111,853
• Equity at exit: $8,646

Cash invested: $28,000 (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 97015

• Rents YoY: 2.5%
• Active inventory: 120
• Price-to-rent: 4.2×

Monthly cashflow live

• Estimated rent: $2,003 high
• Mortgage (P&I): −$524
• Tax from tax record: −$62 /mo · $744/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$421
• Net cashflow: $954

Break-even live

Break-even rent $795

Max offer price $99,999

Occupancy floor 47%

Sensitivity live

Price	-10% $1,011	-5% $982	+0% $954	+5% $926	+10% $897
Rent	-10% $796	-5% $875	+0% $954	+5% $1,033	+10% $1,112
Rate	-1.0pp $1,004	-0.5pp $979	base $954	+0.5pp $928	+1.0pp $902

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: $25,000
• Closing costs: $3,000
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
13300 SE Hubbard Rd Clackamas, OR	3.0	1.0–2.0	818	$1,987	$2.43	2d	6	0.52mi
12301 SE Hubbard Rd Clackamas, OR	2.0–3.0	1.0–2.0	936	$1,523	$1.63	11d	4	0.85mi
14553 SE Lone Pine Dr Unit 14553 Clackamas, OR	2.0	1.0	800	$1,695	$2.12	44d	1	1.11mi
13898 SE Rogers Ln Clackamas, OR	3.0	2.0	1488	$2,599	$1.75	44d	1	1.11mi
14095 SE Summerfield Loop Happy Valley, OR	3.0	2.5	1453	$2,695	$1.85	44d	1	1.37mi
14712 SE Misty Dr Happy Valley, OR	2.0	1.0–2.0	955	$1,988	$2.08	2d	13	1.46mi
14154 SE Summerfield Loop Unit 14194 Happy Valley, OR	3.0	2.5	1125	$2,250	$2.00	24d	1	1.50mi

Listing history 13 events

1. 2026-06-05
   status $99,999 Pending 190 DOM
2. 2026-06-03
   days on market $99,999 Active 190 DOM
3. 2026-06-02
   days on market $99,999 Active 189 DOM
4. 2026-06-01
   days on market $99,999 Active 188 DOM
5. 2026-05-31
   days on market $99,999 Active 187 DOM
6. 2026-05-04
   price $99,999 1044-char remark

   Show marketing remark (1044 chars)

   Back on Market at no fault of the home!! Quaint and private manufactured home located in the highly sought-after Shadowbrook Mobile Home Park, a 55+ community known for its peaceful atmosphere. Residents enjoy access to a serene setting with a community clubhouse and pool. This charming home features an exterior door from the second bedroom leading to a lovely side yard with a concrete patio & porch - perfect for relaxing or entertaining. The spacious, fully fenced back yard offers plenty of room for raised garden beds or a new lawn. All 3 porches and railings are newly painted along with the outside baseboards. A covered carport provides parking for two vehicles and includes an attached storage/tool shed for added convenience. Fresh interior paint, brand-new carpet throughout, vaulted ceilings, skylights, and ceiling fans enhance the home’s comfort and appeal. Large windows throughout bring in the sunshine. All appliances, including the washer, dryer and refrigerator are included—making this home move-in ready!

7. 2026-03-24
   price $110,000 1044-char remark

   Show marketing remark (1044 chars)

   Back on Market at no fault of the home!! Quaint and private manufactured home located in the highly sought-after Shadowbrook Mobile Home Park, a 55+ community known for its peaceful atmosphere. Residents enjoy access to a serene setting with a community clubhouse and pool. This charming home features an exterior door from the second bedroom leading to a lovely side yard with a concrete patio & porch - perfect for relaxing or entertaining. The spacious, fully fenced back yard offers plenty of room for raised garden beds or a new lawn. All 3 porches and railings are newly painted along with the outside baseboards. A covered carport provides parking for two vehicles and includes an attached storage/tool shed for added convenience. Fresh interior paint, brand-new carpet throughout, vaulted ceilings, skylights, and ceiling fans enhance the home’s comfort and appeal. Large windows throughout bring in the sunshine. All appliances, including the washer, dryer and refrigerator are included—making this home move-in ready!

8. 2026-03-05
   status Active 1044-char remark

   Show marketing remark (1044 chars)

   Back on Market at no fault of the home!! Quaint and private manufactured home located in the highly sought-after Shadowbrook Mobile Home Park, a 55+ community known for its peaceful atmosphere. Residents enjoy access to a serene setting with a community clubhouse and pool. This charming home features an exterior door from the second bedroom leading to a lovely side yard with a concrete patio & porch - perfect for relaxing or entertaining. The spacious, fully fenced back yard offers plenty of room for raised garden beds or a new lawn. All 3 porches and railings are newly painted along with the outside baseboards. A covered carport provides parking for two vehicles and includes an attached storage/tool shed for added convenience. Fresh interior paint, brand-new carpet throughout, vaulted ceilings, skylights, and ceiling fans enhance the home’s comfort and appeal. Large windows throughout bring in the sunshine. All appliances, including the washer, dryer and refrigerator are included—making this home move-in ready!

9. 2026-03-02
   status Pending 1044-char remark

   Show marketing remark (1044 chars)

   Back on Market at no fault of the home!! Quaint and private manufactured home located in the highly sought-after Shadowbrook Mobile Home Park, a 55+ community known for its peaceful atmosphere. Residents enjoy access to a serene setting with a community clubhouse and pool. This charming home features an exterior door from the second bedroom leading to a lovely side yard with a concrete patio & porch - perfect for relaxing or entertaining. The spacious, fully fenced back yard offers plenty of room for raised garden beds or a new lawn. All 3 porches and railings are newly painted along with the outside baseboards. A covered carport provides parking for two vehicles and includes an attached storage/tool shed for added convenience. Fresh interior paint, brand-new carpet throughout, vaulted ceilings, skylights, and ceiling fans enhance the home’s comfort and appeal. Large windows throughout bring in the sunshine. All appliances, including the washer, dryer and refrigerator are included—making this home move-in ready!

10. 2026-02-04
    price $115,000 1044-char remark

    Show marketing remark (1044 chars)

    Back on Market at no fault of the home!! Quaint and private manufactured home located in the highly sought-after Shadowbrook Mobile Home Park, a 55+ community known for its peaceful atmosphere. Residents enjoy access to a serene setting with a community clubhouse and pool. This charming home features an exterior door from the second bedroom leading to a lovely side yard with a concrete patio & porch - perfect for relaxing or entertaining. The spacious, fully fenced back yard offers plenty of room for raised garden beds or a new lawn. All 3 porches and railings are newly painted along with the outside baseboards. A covered carport provides parking for two vehicles and includes an attached storage/tool shed for added convenience. Fresh interior paint, brand-new carpet throughout, vaulted ceilings, skylights, and ceiling fans enhance the home’s comfort and appeal. Large windows throughout bring in the sunshine. All appliances, including the washer, dryer and refrigerator are included—making this home move-in ready!

11. 2026-01-16
    status Active 1044-char remark

    Show marketing remark (1044 chars)

    Back on Market at no fault of the home!! Quaint and private manufactured home located in the highly sought-after Shadowbrook Mobile Home Park, a 55+ community known for its peaceful atmosphere. Residents enjoy access to a serene setting with a community clubhouse and pool. This charming home features an exterior door from the second bedroom leading to a lovely side yard with a concrete patio & porch - perfect for relaxing or entertaining. The spacious, fully fenced back yard offers plenty of room for raised garden beds or a new lawn. All 3 porches and railings are newly painted along with the outside baseboards. A covered carport provides parking for two vehicles and includes an attached storage/tool shed for added convenience. Fresh interior paint, brand-new carpet throughout, vaulted ceilings, skylights, and ceiling fans enhance the home’s comfort and appeal. Large windows throughout bring in the sunshine. All appliances, including the washer, dryer and refrigerator are included—making this home move-in ready!

12. 2025-12-19
    historical Active with Bumpable Contingency 1044-char remark

    Show marketing remark (1044 chars)

    Back on Market at no fault of the home!! Quaint and private manufactured home located in the highly sought-after Shadowbrook Mobile Home Park, a 55+ community known for its peaceful atmosphere. Residents enjoy access to a serene setting with a community clubhouse and pool. This charming home features an exterior door from the second bedroom leading to a lovely side yard with a concrete patio & porch - perfect for relaxing or entertaining. The spacious, fully fenced back yard offers plenty of room for raised garden beds or a new lawn. All 3 porches and railings are newly painted along with the outside baseboards. A covered carport provides parking for two vehicles and includes an attached storage/tool shed for added convenience. Fresh interior paint, brand-new carpet throughout, vaulted ceilings, skylights, and ceiling fans enhance the home’s comfort and appeal. Large windows throughout bring in the sunshine. All appliances, including the washer, dryer and refrigerator are included—making this home move-in ready!

13. 2025-11-23
    listed $119,900 Active 1044-char remark

    Show marketing remark (1044 chars)

    Back on Market at no fault of the home!! Quaint and private manufactured home located in the highly sought-after Shadowbrook Mobile Home Park, a 55+ community known for its peaceful atmosphere. Residents enjoy access to a serene setting with a community clubhouse and pool. This charming home features an exterior door from the second bedroom leading to a lovely side yard with a concrete patio & porch - perfect for relaxing or entertaining. The spacious, fully fenced back yard offers plenty of room for raised garden beds or a new lawn. All 3 porches and railings are newly painted along with the outside baseboards. A covered carport provides parking for two vehicles and includes an attached storage/tool shed for added convenience. Fresh interior paint, brand-new carpet throughout, vaulted ceilings, skylights, and ceiling fans enhance the home’s comfort and appeal. Large windows throughout bring in the sunshine. All appliances, including the washer, dryer and refrigerator are included—making this home move-in ready!

ⓘ 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: $744 · $62/mo
• Projected year-2 tax: $970 · $81/mo
• Expected delta: +$226/yr (+$19/mo · 30.3%)

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

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥93°F today · 15 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 10/10 Extreme 14 unhealthy d/yr today · 16 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,031
• − Mortgage interest: −$5,601
• − Property taxes: −$744
• − Insurance: −$500
• − Repairs & maintenance: −$1,923
• − Management: −$1,923
• − Depreciation: −$2,909
• Taxable income: $10,432
• Est. tax owed @ 24.0%: −$2,504
• After-tax cash flow: $8,944/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: North Clackamas SD 12
• NCES district ID: 4108830
• Math proficiency: 29% ▼ -14.00%
• Reading proficiency: 43% ▼ -13.00%
• Median HH income: $60,217
• Composite: 32.1/100
• National rank: #5807
• State rank: #22 of 58 in OR

Livability — Happy Valley

• Score: 76/100
• State rank: #76
• US rank: #3386

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Clackamas County · 361,406 people
• City population: 34,567
• Metro: Portland-Vancouver-Hillsboro, OR-WA
• Population (ZIP): 24,433
• Household income: $87,333
• Rent vs Own: 36.0% rent · 64.0% own
• Severe rent burden: 1166.0

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 (66%)
• Race & ethnicity: White 66% Hispanic / Latino 15% Two or more races 12% Asian 11% Black 2%
• Hispanic origin (detail): Mexican 13%
• Common ancestry: Italian 4% Scotch-Irish 4% Lithuanian 3%
• Foreign-born: 15% · Canada, China, Vietnam
• Languages at home: 74% English-only · Spanish 11% Chinese 5% Russian/Polish/Slavic 3%

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: ▼ -170.50%
• Current HPI: 295.7295
• Rent YoY: ▲ 2.48%
• Metro: Portland-Vancouver-Hillsboro, OR-WA
• 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

-16.6% since first listed

8 events — show timeline

• 2026-05-04 Price Changed $99,999 RMLS
• 2026-03-24 Price Changed $110,000 RMLS
• 2026-03-05 Relisted — RMLS
• 2026-03-02 Pending — RMLS
• 2026-02-04 Price Changed $115,000 RMLS
• 2026-01-16 Relisted — RMLS
• 2025-12-19 Contingent — RMLS
• 2025-11-23 Listed $119,900 RMLS

Property tax history

+3.8%/yr

Latest (2025): $744 · +3.6% YoY. Source: county tax records.