1303 Florence Dr · Jordan Valley, OR 97910

$119,900

2 bd · 2.0 ba · 924 sqft · Other · 253 Days on market

Built 1992 0.27 ac lot ↓ 20% 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 +17.0/30.0
• ARV discount +7.5/15.0
• DSCR +5.3/10.0
• Appreciation +5.0/10.0
• 1% rule +4.6/10.0
• Schools +4.4/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Discover this charming 2-bedroom, 2-bath manufactured home nestled on a generous quarter-acre cul-de-sac lot. Step inside to a well-insulated, single-story residence featuring an open layout designed for everyday comfort. The home includes modern conveniences like a breakfast bar, dishwasher, and wall/window mounted cooling system to keep things comfortable throughout the seasons. The large yard offers plenty of room for RV hook-ups, storage areas, or garden space, giving you flexibility to personalize the exterior to your lifestyle. Full utilities are already connected, and there’s ample space to expand outdoor living or recreation areas. Located in a friendly, small-town neighborhood with no HOA, the property is surrounded by expansive BLM public lands — ideal for outdoor enthusiasts. Enjoy quick access to Jordan and Baxter Creeks for trout and bass fishing, as well as prime hunting areas in the Owyhee Mountains and near the Antelope Reservoir. This property is being Sold As Is.

Key facts

• 0.27 acre lot
• Built 1992
• Listed 253 days

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath other listed at $120k.

Deal economics

• At list price, monthly cash flow is $82 ($979/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 $115k (3.9% below list).
• Recommended offer: $106k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 68/100 on livability (#153 in OR) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, schools B+; Watch: employment C-, crime F, amenities F.
• Jordan Valley SD 3 (rural): math 21% / reading 80% proficiency, ranked #40 of 183 in OR (top 22%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 6 active listings in the ZIP; 44 units permitted in Malheur County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $4k of equity ($829 loan paydown + $4k appreciation (3.0% local appreciation)).
• Malheur County population projected at -20% 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 $34k cash investment doubles in ~6 years — after that, you're playing with house money.
• By year 8, paydown + projected appreciation supports a ~$33k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 253 days — a 12% lower offer ($106k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 2y ago; this cycle's ask has dropped $30k (20%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

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

Recommended offer $105,512 (12.0% below list)

Questions for the listing agent

1. It's been on market 253 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 B-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. Crime grade is F 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?
6. 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.
7. 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.
8. 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: 0.96% ✗
• Cap rate: 7.11%
• Cash-on-cash: 2.92%
• DSCR: 1.13
• GRM: 8.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 10.2%
• Equity multiple: 1.59×
• Total profit: $19,657
• Equity at exit: $53,912

10-year hold

• IRR: 12.5%
• Equity multiple: 2.87×
• Total profit: $62,737
• Equity at exit: $83,085

Cash invested: $33,572 (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 97910

• Active inventory: 6
• Price-to-rent: 8.7×

Monthly cashflow live

• Estimated rent: $1,152 medium
• Mortgage (P&I): −$629
• Tax est. 1.5%: −$150 /mo · $1,798/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$242
• Net cashflow: $82

Break-even live

Break-even rent $1,049

Max offer price $119,900

Occupancy floor 88%

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: $29,975
• Closing costs: $3,597
• Reserves months: —
• Total cash needed: —

Listing history 33 events

1. 2026-06-18
   days on market $119,900 Active 253 DOM
2. 2026-06-17
   days on market $119,900 Active 252 DOM
3. 2026-06-16
   days on market $119,900 Active 251 DOM
4. 2026-06-15
   days on market $119,900 Active 250 DOM
5. 2026-06-13
   days on market $119,900 Active 248 DOM
6. 2026-06-12
   days on market $119,900 Active 247 DOM
7. 2026-06-09
   days on market $119,900 Active 244 DOM
8. 2026-06-08
   days on market $119,900 Active 243 DOM
9. 2026-06-08
   days on market $119,900 Active 242 DOM
10. 2026-06-05
    days on market $119,900 Active 240 DOM
11. 2026-06-04
    days on market $119,900 Active 238 DOM
12. 2026-06-02
    days on market $119,900 Active 237 DOM
13. 2026-06-01
    days on market $119,900 Active 236 DOM
14. 2026-05-31
    days on market $119,900 Active 235 DOM
15. 2026-05-11
    price $119,900 1007-char remark

    Show marketing remark (1007 chars)

    Discover this charming 2-bedroom, 2-bath manufactured home nestled on a generous quarter-acre cul-de-sac lot. Step inside to a well-insulated, single-story residence featuring an open layout designed for everyday comfort. The home includes modern conveniences like a breakfast bar, dishwasher, and wall/window mounted cooling system to keep things comfortable throughout the seasons. The large yard offers plenty of room for RV hook-ups, storage areas, or garden space, giving you flexibility to personalize the exterior to your lifestyle. Full utilities are already connected, and there’s ample space to expand outdoor living or recreation areas. Located in a friendly, small-town neighborhood with no HOA, the property is surrounded by expansive BLM public lands — ideal for outdoor enthusiasts. Enjoy quick access to Jordan and Baxter Creeks for trout and bass fishing, as well as prime hunting areas in the Owyhee Mountains and near the Antelope Reservoir. This property is being Sold As Is.

16. 2026-04-07
    price $121,500 1007-char remark

    Show marketing remark (1007 chars)

    Discover this charming 2-bedroom, 2-bath manufactured home nestled on a generous quarter-acre cul-de-sac lot. Step inside to a well-insulated, single-story residence featuring an open layout designed for everyday comfort. The home includes modern conveniences like a breakfast bar, dishwasher, and wall/window mounted cooling system to keep things comfortable throughout the seasons. The large yard offers plenty of room for RV hook-ups, storage areas, or garden space, giving you flexibility to personalize the exterior to your lifestyle. Full utilities are already connected, and there’s ample space to expand outdoor living or recreation areas. Located in a friendly, small-town neighborhood with no HOA, the property is surrounded by expansive BLM public lands — ideal for outdoor enthusiasts. Enjoy quick access to Jordan and Baxter Creeks for trout and bass fishing, as well as prime hunting areas in the Owyhee Mountains and near the Antelope Reservoir. This property is being Sold As Is.

17. 2026-03-11
    price $125,000 1007-char remark

    Show marketing remark (1007 chars)

    Discover this charming 2-bedroom, 2-bath manufactured home nestled on a generous quarter-acre cul-de-sac lot. Step inside to a well-insulated, single-story residence featuring an open layout designed for everyday comfort. The home includes modern conveniences like a breakfast bar, dishwasher, and wall/window mounted cooling system to keep things comfortable throughout the seasons. The large yard offers plenty of room for RV hook-ups, storage areas, or garden space, giving you flexibility to personalize the exterior to your lifestyle. Full utilities are already connected, and there’s ample space to expand outdoor living or recreation areas. Located in a friendly, small-town neighborhood with no HOA, the property is surrounded by expansive BLM public lands — ideal for outdoor enthusiasts. Enjoy quick access to Jordan and Baxter Creeks for trout and bass fishing, as well as prime hunting areas in the Owyhee Mountains and near the Antelope Reservoir. This property is being Sold As Is.

18. 2026-03-04
    status Active 1007-char remark

    Show marketing remark (1007 chars)

    Discover this charming 2-bedroom, 2-bath manufactured home nestled on a generous quarter-acre cul-de-sac lot. Step inside to a well-insulated, single-story residence featuring an open layout designed for everyday comfort. The home includes modern conveniences like a breakfast bar, dishwasher, and wall/window mounted cooling system to keep things comfortable throughout the seasons. The large yard offers plenty of room for RV hook-ups, storage areas, or garden space, giving you flexibility to personalize the exterior to your lifestyle. Full utilities are already connected, and there’s ample space to expand outdoor living or recreation areas. Located in a friendly, small-town neighborhood with no HOA, the property is surrounded by expansive BLM public lands — ideal for outdoor enthusiasts. Enjoy quick access to Jordan and Baxter Creeks for trout and bass fishing, as well as prime hunting areas in the Owyhee Mountains and near the Antelope Reservoir. This property is being Sold As Is.

19. 2026-03-04
    price $127,000 1007-char remark

    Show marketing remark (1007 chars)

    Discover this charming 2-bedroom, 2-bath manufactured home nestled on a generous quarter-acre cul-de-sac lot. Step inside to a well-insulated, single-story residence featuring an open layout designed for everyday comfort. The home includes modern conveniences like a breakfast bar, dishwasher, and wall/window mounted cooling system to keep things comfortable throughout the seasons. The large yard offers plenty of room for RV hook-ups, storage areas, or garden space, giving you flexibility to personalize the exterior to your lifestyle. Full utilities are already connected, and there’s ample space to expand outdoor living or recreation areas. Located in a friendly, small-town neighborhood with no HOA, the property is surrounded by expansive BLM public lands — ideal for outdoor enthusiasts. Enjoy quick access to Jordan and Baxter Creeks for trout and bass fishing, as well as prime hunting areas in the Owyhee Mountains and near the Antelope Reservoir. This property is being Sold As Is.

20. 2026-02-01
    historical 1007-char remark

    Show marketing remark (1007 chars)

    Discover this charming 2-bedroom, 2-bath manufactured home nestled on a generous quarter-acre cul-de-sac lot. Step inside to a well-insulated, single-story residence featuring an open layout designed for everyday comfort. The home includes modern conveniences like a breakfast bar, dishwasher, and wall/window mounted cooling system to keep things comfortable throughout the seasons. The large yard offers plenty of room for RV hook-ups, storage areas, or garden space, giving you flexibility to personalize the exterior to your lifestyle. Full utilities are already connected, and there’s ample space to expand outdoor living or recreation areas. Located in a friendly, small-town neighborhood with no HOA, the property is surrounded by expansive BLM public lands — ideal for outdoor enthusiasts. Enjoy quick access to Jordan and Baxter Creeks for trout and bass fishing, as well as prime hunting areas in the Owyhee Mountains and near the Antelope Reservoir. This property is being Sold As Is.

21. 2026-01-03
    price $129,000 1007-char remark

    Show marketing remark (1007 chars)

    Discover this charming 2-bedroom, 2-bath manufactured home nestled on a generous quarter-acre cul-de-sac lot. Step inside to a well-insulated, single-story residence featuring an open layout designed for everyday comfort. The home includes modern conveniences like a breakfast bar, dishwasher, and wall/window mounted cooling system to keep things comfortable throughout the seasons. The large yard offers plenty of room for RV hook-ups, storage areas, or garden space, giving you flexibility to personalize the exterior to your lifestyle. Full utilities are already connected, and there’s ample space to expand outdoor living or recreation areas. Located in a friendly, small-town neighborhood with no HOA, the property is surrounded by expansive BLM public lands — ideal for outdoor enthusiasts. Enjoy quick access to Jordan and Baxter Creeks for trout and bass fishing, as well as prime hunting areas in the Owyhee Mountains and near the Antelope Reservoir. This property is being Sold As Is.

22. 2025-11-20
    price $136,000 1007-char remark

    Show marketing remark (1007 chars)

    Discover this charming 2-bedroom, 2-bath manufactured home nestled on a generous quarter-acre cul-de-sac lot. Step inside to a well-insulated, single-story residence featuring an open layout designed for everyday comfort. The home includes modern conveniences like a breakfast bar, dishwasher, and wall/window mounted cooling system to keep things comfortable throughout the seasons. The large yard offers plenty of room for RV hook-ups, storage areas, or garden space, giving you flexibility to personalize the exterior to your lifestyle. Full utilities are already connected, and there’s ample space to expand outdoor living or recreation areas. Located in a friendly, small-town neighborhood with no HOA, the property is surrounded by expansive BLM public lands — ideal for outdoor enthusiasts. Enjoy quick access to Jordan and Baxter Creeks for trout and bass fishing, as well as prime hunting areas in the Owyhee Mountains and near the Antelope Reservoir. This property is being Sold As Is.

23. 2025-09-18
    price $140,000 1007-char remark

    Show marketing remark (1007 chars)

    Discover this charming 2-bedroom, 2-bath manufactured home nestled on a generous quarter-acre cul-de-sac lot. Step inside to a well-insulated, single-story residence featuring an open layout designed for everyday comfort. The home includes modern conveniences like a breakfast bar, dishwasher, and wall/window mounted cooling system to keep things comfortable throughout the seasons. The large yard offers plenty of room for RV hook-ups, storage areas, or garden space, giving you flexibility to personalize the exterior to your lifestyle. Full utilities are already connected, and there’s ample space to expand outdoor living or recreation areas. Located in a friendly, small-town neighborhood with no HOA, the property is surrounded by expansive BLM public lands — ideal for outdoor enthusiasts. Enjoy quick access to Jordan and Baxter Creeks for trout and bass fishing, as well as prime hunting areas in the Owyhee Mountains and near the Antelope Reservoir. This property is being Sold As Is.

24. 2025-09-08
    listed $150,000 Active 1007-char remark

    Show marketing remark (1007 chars)

    Discover this charming 2-bedroom, 2-bath manufactured home nestled on a generous quarter-acre cul-de-sac lot. Step inside to a well-insulated, single-story residence featuring an open layout designed for everyday comfort. The home includes modern conveniences like a breakfast bar, dishwasher, and wall/window mounted cooling system to keep things comfortable throughout the seasons. The large yard offers plenty of room for RV hook-ups, storage areas, or garden space, giving you flexibility to personalize the exterior to your lifestyle. Full utilities are already connected, and there’s ample space to expand outdoor living or recreation areas. Located in a friendly, small-town neighborhood with no HOA, the property is surrounded by expansive BLM public lands — ideal for outdoor enthusiasts. Enjoy quick access to Jordan and Baxter Creeks for trout and bass fishing, as well as prime hunting areas in the Owyhee Mountains and near the Antelope Reservoir. This property is being Sold As Is.

25. 2025-08-14
    historical
26. 2025-08-03
    price $134,000
27. 2025-06-24
    status Active
28. 2025-06-24
    price $137,000
29. 2025-04-22
    status Pending
30. 2025-04-07
    price $142,000
31. 2025-03-26
    price $146,000
32. 2025-01-10
    price $147,000
33. 2024-11-13
    listed $150,000 Active

ⓘ 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 (shaded) · 0% chance over 30 yrs
• 🔥 Wildfire 8/10 Severe
• 🌡 Heat 3/10 Moderate 7 d/yr ≥92°F today · 19 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 6/10 Major 7 unhealthy d/yr today · 11 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,825
• − Mortgage interest: −$6,716
• − Property taxes: −$1,798
• − Insurance: −$600
• − Repairs & maintenance: −$1,106
• − Management: −$1,106
• − Depreciation: −$3,488
• Taxable loss: −$989
• Est. tax savings @ 24.0%: +$237
• After-tax cash flow: $1,216/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: Jordan Valley SD 3
• NCES district ID: 4106820
• Math proficiency: 21% ▬ 0.00%
• Reading proficiency: 80% ▲ 40.00%
• Median HH income: $41,291
• Composite: 44.25/100
• National rank: #6182
• State rank: #40 of 183 in OR

Livability — Jordan Valley

• Score: 68/100
• State rank: #153
• US rank: #9086

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Jordan Valley, OR
• Population (ZIP): 675

Population outlook (Malheur County) Hauer SSP2

• Today (2025): 28,275 people
• By 2030: 27,112 · -4.1%
• By 2040: 24,731 · -12.5%
• By 2050: 22,507 · -20.4%
• By 2075: 17,168 · -39.3%
• By 2100: 11,382 · -59.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (94%)
• Race & ethnicity: White 94% Hispanic / Latino 5% Two or more races 5%
• Common ancestry: Portuguese 7% Slovak 4% Dutch 3%
• Foreign-born: 1%
• Languages at home: 98% English-only · Russian/Polish/Slavic 1% Spanish 1%

Political lean MEDSL · Malheur

• 2024 margin: Solid R (+44.4) · D 26.4% · R 70.7% · Other 2.9%
• 2008→2024 swing: -4.0pp toward R · 2008: -40.3pp · 2024: -44.4pp
• All cycles: 2024: R+44.4 2020: R+41.7 2016: R+49.5 2012: R+41.7 2008: R+40.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: —
• Current HPI: —
• 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

-20.1% since first listed

19 events — show timeline

• 2026-05-11 Price Changed $119,900 IMLS
• 2026-04-07 Price Changed $121,500 IMLS
• 2026-03-11 Price Changed $125,000 IMLS
• 2026-03-04 Relisted — IMLS
• 2026-03-04 Price Changed $127,000 IMLS
• 2026-02-01 Listing Removed — IMLS
• 2026-01-03 Price Changed $129,000 IMLS
• 2025-11-20 Price Changed $136,000 IMLS
• 2025-09-18 Price Changed $140,000 IMLS
• 2025-09-08 Listed $150,000 IMLS
• 2025-08-14 Listing Removed — IMLS
• 2025-08-03 Price Changed $134,000 IMLS
• 2025-06-24 Relisted — IMLS
• 2025-06-24 Price Changed $137,000 IMLS
• 2025-04-22 Pending — IMLS
• 2025-04-07 Price Changed $142,000 IMLS
• 2025-03-26 Price Changed $146,000 IMLS
• 2025-01-10 Price Changed $147,000 IMLS
• 2024-11-13 Listed $150,000 IMLS

Property tax history

+3.1%/yr

Latest (2025): $48 · +3.0% YoY. Source: county tax records.