1835 N Jantzen Ave · Portland, OR 97217

$260,000

2 bd · 1.0 ba · 987 sqft · Other · 4 Days on market

Built 1940 1,920 sqft lot $480/mo HOA · 17% of rent

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Why this score? — see what drove the D 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 +11.4/30.0
• ARV discount +7.5/15.0
• 1% rule +5.6/10.0
• Schools +5.0/10.0
• Livability +3.9/5.0
• DSCR +3.3/10.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Slip ownership included in this well priced 2 bedroom floating home. The boat well was enclosed about 5 years ago to add a second bedroom with kitchenette, convection oven & side entrance. Metal roof is apx 5 years old. Just installed 25yr carpet. New exterior paint on house and deck boards. As is price does not include minor float work. Ask your broker for details.

Key facts

• Metal roof
• Storage options
• Quick channel access

Tags

• SECURED PARKING
• STORAGE OPTIONS
• QUICK CHANNEL ACCESS
• PARTIAL CHANNEL VIEWS
• LOW-MAINTENANCE EXTERIOR
• METAL ROOF

Property features AI

Finance

• Other: Slip dues listed monthly and slip is included with the property
• HOA & community: Association: JBMI; Monthly association fee ($480) covering grounds maintenance, management, sewer, trash, and water; Pets allowed in the moorage; Short-term rentals not allowed

Exterior

• Parking: Off-street secured parking
• Security: Security gate
• Utilities: Public water; Public sewer; Electricity available; Gas available; Cable and satellite internet
• Home design: Residential floating home (not attached); One main living level; Resale property; Owned slip located in middle/west (Slip #1835), deep water inside slip
• Construction: Built in 1940; Foundation: other; Floatation: log and stringer
• Exterior features: Metal roof; Deck; Dock; Lap and wood siding; Gated community/common areas; Paved road access; River view; Waterfront: riverfront

Interior

• Kitchen: Dishwasher; Free-standing gas range; Free-standing refrigerator; Eat bar; Tile flooring
• Bedrooms: Primary bedroom on the main level with closet and wall-to-wall carpet; Second bedroom on the main level with ceiling fan, exterior entry, sink, and tile floor
• Flooring: Tile flooring; Vinyl flooring; Wall-to-wall carpet
• Bathrooms: One full bathroom (on main level)
• Heating & cooling: Forced air heating; Mini-split heating and cooling
• Interior features: Ceiling fans; Electric fireplace; Double-pane windows with vinyl frames; Accessibility features for one-level living
• Laundry & utility: Washer and dryer in utility room with exterior entry and vinyl floor

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath other listed at $260k.

Deal economics

• At list price, monthly cash flow is $-92 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $247k (5.1% below list).
• Meets the 1% rule at list price ($3k rent vs $260k).
• Recommended offer: $247k (5.1% below list) — sets the bar for cash-flow.
• Cap rate 5.9% vs local median 2.2% in Portland — 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 77/100 on livability (#72 in OR, #3,256 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, health & safety A+; Watch: crime F, cost of living F.
• Market conditions: Rents flat; 305 active listings in the ZIP; 20 comparable units currently listed for rent nearby; rentals leasing fast (median 3d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 2,041 units permitted in Multnomah County in 2024 (905 in 5+ unit buildings).
• This rent runs 33% of the median local income ($100k/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 $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• Multnomah County population projected at +33% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 6y 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 $175k; 49% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1940 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $246,662 (5.1% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Built in 1940 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 1.06% ✓
• Cap rate: 5.87%
• Cash-on-cash: -1.52%
• DSCR: 0.93
• GRM: 7.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.89% rent growth · sell at horizon

5-year hold

• IRR: -21.7%
• Equity multiple: 0.27×
• Total profit: $-53,415
• Equity at exit: $38,767

10-year hold

• IRR: -23.3%
• Equity multiple: -0.03×
• Total profit: $-75,321
• Equity at exit: $22,480

Cash invested: $72,800 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (CITY): 0 Strongly Tenant-Friendly
• State Oregon: 28 Tenant-Leaning · D+6
• County: — inherits STATE
• City Portland: 0 Strongly Tenant-Friendly · D+39

Mandatory relocation for no-cause evictions; rent increase notice 90 days.

Methodology + full state rankings →

ZIP-level market 97217

• Rents YoY: 0.9%
• Active inventory: 305
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $2,765 high
• Mortgage (P&I): −$1,363
• Tax est. 1.5%: −$325 /mo · $3,900/yr
• Insurance: −$108
• HOA: −$480
• Vacancy / Maint / Mgmt: −$581
• Net cashflow: $-92

Break-even live

Break-even rent $2,882

Max offer price $246,662

Occupancy floor 98%

Sensitivity live

Price	-10% $88	-5% $-2	+0% $-92	+5% $-182	+10% $-272
Rent	-10% $-311	-5% $-201	+0% $-92	+5% $17	+10% $126
Rate	-1.0pp $39	-0.5pp $-26	base $-92	+0.5pp $-160	+1.0pp $-228

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: $65,000
• Closing costs: $7,800
• Reserves months: —
• Total cash needed: —

Rent comps 20 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1245 N Anchor Way Portland, OR	2.0	1.0–2.0	856	$2,250	$2.63	3d	16	0.58mi
1055 N Anchor Way Portland, OR	1.0–2.0	1.0–2.0	1056	$3,150	$2.98	2d	34	0.69mi
995 N Marine Dr Portland, OR	2.0	1.0–2.0	924	$2,036	$2.20	3d	11	0.81mi
183 N Hayden Bay Dr Portland, OR	1.0	1.0	858	$1,800	$2.10	44d	1	0.86mi
123 N Hayden Bay Dr Portland, OR	2.0	1.0	889	$2,249	$2.53	44d	1	0.90mi
111 Parkway Pl Vancouver, WA	1.0–2.0	1.0–2.0	983	$4,995	$5.08	2d	3	0.99mi
1111 W Columbia Way Vancouver, WA	2.0	1.0–2.5	857	$4,800	$5.60	2d	28	1.01mi
440 W Columbia Way Vancouver, WA	2.0	1.0–2.0	863	$4,400	$5.10	2d	150	1.02mi
500 W Columbia Way Vancouver, WA	2.0	1.0–2.0	849	$3,995	$4.71	2d	6	1.03mi
1110 W Columbia Way Vancouver, WA	2.0	1.0–2.0	783	$3,849	$4.91	2d	13	1.05mi
1000 W Columbia Way Vancouver, WA	1.0–2.0	1.0–2.0	767	$3,282	$4.28	2d	11	1.07mi
110 N Tomahawk Island Dr Portland, OR	1.0–2.0	1.0–2.0	994	$2,674	$2.69	2d	27	1.09mi
636 W 6th St Vancouver, WA	1.0–2.0	1.0	723	$2,349	$3.25	2d	8	1.15mi
411 Columbia St Vancouver, WA	2.0	1.0–2.0	818	$3,377	$4.13	2d	14	1.15mi
555 W 8th St Vancouver, WA	1.0–2.0	1.0	695	$1,630	$2.35	3d	11	1.22mi
608 Washington St Vancouver, WA	2.0	1.0–2.0	903	$3,236	$3.58	2d	11	1.27mi
701 Columbia St #107 Vancouver, WA	2.0	2.0	871	$1,995	$2.29	24d	1	1.31mi
300 W 8th St Vancouver, WA	1.0–2.0	1.0–2.0	915	$2,932	$3.20	2d	1	1.31mi
11505 NE Yacht Harbor Dr Portland, OR	2.0	2.0	2559	$4,356	$1.70	2d	5	1.38mi
209 W Evergreen Blvd Vancouver, WA	2.0	1.0	1048	$2,765	$2.64	5d	1	1.39mi

HOA detail

• Monthly dues: $480 · $5,760/yr

Listing history 3 events

1. 2026-06-21
   days on market $260,000 Active 4 DOM
2. 2026-06-18
   remarks 683-char remark
3. 2026-06-18
   listed $260,000 Active 1 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $33,184
• − Mortgage interest: −$14,564
• − Property taxes: −$3,900
• − Insurance: −$1,300
• − Repairs & maintenance: −$2,655
• − Management: −$2,655
• − HOA: −$5,760
• − Depreciation: −$7,564
• Taxable loss: −$5,213
• Est. tax savings @ 24.0%: +$1,251
• After-tax cash flow: $145/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)

No district data.

Livability — Portland

• Score: 77/100
• State rank: #72
• US rank: #3256

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Portland, OR
• County: Multnomah County · 786,692 people
• City population: 774,334
• Metro: Portland-Vancouver-Hillsboro, OR-WA
• Population (ZIP): 35,169
• Household income: $100,361
• Rent vs Own: 43.5% rent · 56.5% own
• Severe rent burden: 1532.0

Population outlook (Multnomah County) Hauer SSP2

• Today (2025): 930,825 people
• By 2030: 996,904 · +7.1%
• By 2040: 1,121,379 · +20.5%
• By 2050: 1,242,124 · +33.4%
• By 2075: 1,464,431 · +57.3%
• By 2100: 1,576,181 · +69.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (71%)
• Race & ethnicity: White 71% Two or more races 12% Hispanic / Latino 9% Black 7% Asian 3%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Italian 5% Slovak 4% Portuguese 3%
• Foreign-born: 8% · Canada, China, Vietnam
• Languages at home: 90% English-only · Spanish 4% Other Indo-European 1% Chinese 1%

Political lean MEDSL · Multnomah

• 2024 margin: Solid D (+62.1) · D 79.3% · R 17.2% · Other 3.5%
• 2008→2024 swing: +6.0pp toward D · 2008: 56.1pp · 2024: 62.1pp
• All cycles: 2024: D+62.1 2020: D+61.3 2016: D+58.3 2012: D+54.9 2008: D+56.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -747.13%
• Current HPI: 370.7526
• Rent YoY: ▲ 0.89%
• 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

+13.5% since first listed

5 events — show timeline

• 2026-06-17 Listed $260,000 RMLS
• 2020-12-15 Sold (MLS) $175,000 RMLS
• 2020-11-27 Pending — RMLS
• 2020-10-01 Price Changed $199,000 RMLS
• 2020-02-11 Listed $229,000 RMLS