1837 Drury Ln · Grants Pass, OR 97527

$229,000

2 bd · 1.0 ba · 1,116 sqft · SingleFamily public records · 42 Days on market

Built 1960 0.25 ac lot $205/sqft · 32% below area Est $335k · 32% under

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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).

• ARV discount +15.0/15.0
• Cash flow +8.4/30.0
• Schools +4.2/10.0
• Livability +3.5/5.0
• Rent growth +3.3/5.0
• Condition / age +2.5/5.0
• DSCR +2.3/10.0
• 1% rule +1.8/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Investor opportunity in the heart of Grants Pass! This 2-bedroom, 1-bath ranch-style home at 1837 Drury Ln is ready for your vision. The canvas is blank -- flooring has been stripped, surfaces prepped, and the hard demo work is largely done. The layout is solid: a spacious living room, dining area, kitchen with abundant cabinetry, breakfast nook, and utility room. Solar panels convey, adding long-term value for the right buyer. Step outside and the property shines -- a large, fully fenced backyard with a wood deck, mountain views, a substantial outbuilding with loft potential, a covered carport, and a wide gravel driveway with room for RVs or equipment. Mature trees and a classic picket fence give this property real curb appeal and bones worth investing in. Whether you're flipping, renting, or building sweat equity, 1837 Drury Ln is priced for the opportunity it represents. Sold as-is. Bring your contractor or run your own numbers -- this one may pencil out better than you think!

Key facts

• 0.25 acre lot
• Parking
• Built 1960

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $229k.

Deal economics

• At list price, monthly cash flow is $-207 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $192k (16.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $156k (32.1% below list).
• Recommended offer: $156k (32.1% below list) — sets the bar for 1% rule.
• Cap rate 5.2% vs local median 3.2% in Grants Pass — 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 70/100 on livability (#137 in OR) — a middle-class / working-renter tenant base. Strengths: amenities A+, health & safety A+, housing A-; Watch: schools D, employment D, crime F.
• Grants Pass SD 7 (urban): math 39% / reading 56% proficiency, ranked #66 of 183 in OR (top 36%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+3.0%/yr); 185 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 223 units permitted in Josephine County in 2024 (5 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 $7k of value loss. Plan a longer hold.
• Josephine County population projected at +3% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 42 days — a 3% lower offer ($222k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 21y 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 $129k; list at $229k implies a 78% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major wildfire risk; extreme-heat days projected 8→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $155,590 (32.1% 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. It's been on market 42 days. Have you received any prior offers? Is the seller open to a 32% concession, seller financing, or rate buy-down credit?
3. Built in 1960 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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 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?
7. 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?
8. 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.
9. 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.
10. 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: 0.68% ✗
• Cap rate: 5.21%
• Cash-on-cash: -3.87%
• DSCR: 0.83
• GRM: 12.3

CMA / ARV

• ARV (median comp): $335,269
• List price: $229,000
• Delta: -31.70%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1840 Conestoga Dr	0.14mi	2/1.0	1,008 (-10%)	0mo	$340,000	$337	77
805 Bower Ln	0.32mi	3/2.0 (+1)	1,104 (-1%)	4mo	$310,000	$281	71
806 Bower Ln	0.33mi	2/2.0	1,104 (-1%)	13mo	$315,000	$285	68
1400 Playford Ln	0.52mi	2/1.0	1,028 (-8%)	4mo	$275,000	$268	60
416 SE SE Grandview Ave Unit B	0.36mi	3/2.5 (+1)	1,214 (+9%)	10mo	$328,000	$270	50
177 SE Independence Dr	0.43mi	3/2.0 (+1)	1,200 (+8%)	12mo	$390,000	$325	49
210 Southridge Way	0.42mi	3/2.0 (+1)	1,164 (+4%)	23mo	$348,500	$299	45
815 Bower Ln	0.25mi	3/2.0 (+1)	1,248 (+12%)	19mo	$322,000	$258	44
1580 Drury Ln	0.27mi	3/2.5 (+1)	1,244 (+12%)	17mo	$335,580	$270	44
1771 Harbeck Rd	0.50mi	3/2.0 (+1)	1,058 (-5%)	23mo	$289,900	$274	40
1154 Luzon Ln	0.70mi	2/1.0	960 (-14%)	9mo	$109,000	$114	37
530 E Park St	0.69mi	3/2.0 (+1)	1,248 (+12%)	8mo	$335,000	$268	32

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 · 3.05% rent growth · sell at horizon

5-year hold

• IRR: -22.8%
• Equity multiple: 0.22×
• Total profit: $-50,270
• Equity at exit: $34,145

10-year hold

• IRR: -17.2%
• Equity multiple: 0.05×
• Total profit: $-60,686
• Equity at exit: $19,800

Cash invested: $64,120 (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 97527

• Rents YoY: 3.0%
• Active inventory: 185
• Price-to-rent: 12.3×

Monthly cashflow live

• Estimated rent: $1,556 high
• Mortgage (P&I): −$1,201
• Tax from tax record: −$140 /mo · $1,676/yr
• Insurance: −$95
• HOA: −$0
• Vacancy / Maint / Mgmt: −$327
• Net cashflow: $-207

Break-even live

Break-even rent $1,818

Max offer price $192,461

Occupancy floor —

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: $57,250
• Closing costs: $6,870
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1429 SE Cherry Ln Grants Pass, OR	3.0	2.0	1474	$1,975	$1.34	44d	1	1.00mi
716 SE 9th St Grants Pass, OR	2.0	1.0	1000	$1,395	$1.40	44d	1	1.10mi
1120 SW 5th St Unit B Grants Pass, OR	2.0	1.5	1000	$1,050	$1.05	44d	1	1.15mi
323 SE K St Unit 325 Grants Pass, OR	2.0	1.5	1273	$1,495	$1.17	44d	1	1.17mi
1154 SW Lee Ln Grants Pass, OR	3.0	1.5	1232	$1,850	$1.50	44d	1	1.24mi
1108 SW Oak St Grants Pass, OR	3.0	1.0	1201	$1,800	$1.50	44d	1	1.28mi
310 SW 4th St Unit 314 Grants Pass, OR	2.0	1.0	884	$1,150	$1.30	44d	1	1.49mi

Listing history 21 events

1. 2026-06-07
   days on market $229,000 Active 42 DOM
2. 2026-06-05
   days on market $229,000 Active 39 DOM
3. 2026-06-03
   days on market $229,000 Active 38 DOM
4. 2026-06-02
   days on market $229,000 Active 37 DOM
5. 2026-06-01
   days on market $229,000 Active 36 DOM
6. 2026-05-31
   days on market $229,000 Active 35 DOM
7. 2026-05-30
   days on market $229,000 Active 34 DOM
8. 2026-05-07
   status Active 994-char remark

   Show marketing remark (994 chars)

   Investor opportunity in the heart of Grants Pass! This 2-bedroom, 1-bath ranch-style home at 1837 Drury Ln is ready for your vision. The canvas is blank -- flooring has been stripped, surfaces prepped, and the hard demo work is largely done. The layout is solid: a spacious living room, dining area, kitchen with abundant cabinetry, breakfast nook, and utility room. Solar panels convey, adding long-term value for the right buyer. Step outside and the property shines -- a large, fully fenced backyard with a wood deck, mountain views, a substantial outbuilding with loft potential, a covered carport, and a wide gravel driveway with room for RVs or equipment. Mature trees and a classic picket fence give this property real curb appeal and bones worth investing in. Whether you're flipping, renting, or building sweat equity, 1837 Drury Ln is priced for the opportunity it represents. Sold as-is. Bring your contractor or run your own numbers -- this one may pencil out better than you think!

9. 2026-04-28
   status Pending 994-char remark

   Show marketing remark (994 chars)

   Investor opportunity in the heart of Grants Pass! This 2-bedroom, 1-bath ranch-style home at 1837 Drury Ln is ready for your vision. The canvas is blank -- flooring has been stripped, surfaces prepped, and the hard demo work is largely done. The layout is solid: a spacious living room, dining area, kitchen with abundant cabinetry, breakfast nook, and utility room. Solar panels convey, adding long-term value for the right buyer. Step outside and the property shines -- a large, fully fenced backyard with a wood deck, mountain views, a substantial outbuilding with loft potential, a covered carport, and a wide gravel driveway with room for RVs or equipment. Mature trees and a classic picket fence give this property real curb appeal and bones worth investing in. Whether you're flipping, renting, or building sweat equity, 1837 Drury Ln is priced for the opportunity it represents. Sold as-is. Bring your contractor or run your own numbers -- this one may pencil out better than you think!

10. 2026-04-16
    listed $229,000 Active 994-char remark

    Show marketing remark (994 chars)

    Investor opportunity in the heart of Grants Pass! This 2-bedroom, 1-bath ranch-style home at 1837 Drury Ln is ready for your vision. The canvas is blank -- flooring has been stripped, surfaces prepped, and the hard demo work is largely done. The layout is solid: a spacious living room, dining area, kitchen with abundant cabinetry, breakfast nook, and utility room. Solar panels convey, adding long-term value for the right buyer. Step outside and the property shines -- a large, fully fenced backyard with a wood deck, mountain views, a substantial outbuilding with loft potential, a covered carport, and a wide gravel driveway with room for RVs or equipment. Mature trees and a classic picket fence give this property real curb appeal and bones worth investing in. Whether you're flipping, renting, or building sweat equity, 1837 Drury Ln is priced for the opportunity it represents. Sold as-is. Bring your contractor or run your own numbers -- this one may pencil out better than you think!

11. 2025-08-07
    historical
12. 2008-12-24
    soldstatus $129,000
13. 2008-12-24
    soldstatus $129,000
14. 2008-12-05
    listed $129,000
15. 2008-09-17
    historical
16. 2008-01-04
    listed $154,000
17. 2005-12-06
    soldstatus $162,000
18. 2005-12-06
    soldstatus $162,000
19. 2005-12-06
    soldstatus $162,000
20. 2005-08-11
    listed $162,000
21. 2005-08-10
    listed $162,000

ⓘ 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: $1,676 · $140/mo
• Projected year-2 tax: $2,221 · $185/mo
• Expected delta: +$545/yr (+$45/mo · 32.5%)

ⓘ 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 7/10 Severe
• 🌡 Heat 6/10 Major 8 d/yr ≥98°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 10/10 Extreme 28 unhealthy d/yr today · 30 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,671
• − Mortgage interest: −$12,828
• − Property taxes: −$1,676
• − Insurance: −$1,145
• − Repairs & maintenance: −$1,494
• − Management: −$1,494
• − Depreciation: −$6,662
• Taxable loss: −$6,627
• Est. tax savings @ 24.0%: +$1,590
• After-tax cash flow: $-892/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: Grants Pass SD 7
• NCES district ID: 4105910
• Math proficiency: 39% ▲ 1.00%
• Reading proficiency: 56% ▬ 0.00%
• Median HH income: $36,433
• Composite: 41.5/100
• National rank: #7281
• State rank: #66 of 183 in OR

Livability — Grants Pass

• Score: 70/100
• State rank: #137
• US rank: #7900

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Grants Pass, OR
• County: Josephine County · 73,366 people
• City population: 73,366
• Metro: Grants Pass, OR
• Population (ZIP): 37,330
• Household income: $66,975
• Rent vs Own: 28.0% rent · 72.0% own
• Severe rent burden: 1018.0

Population outlook (Josephine County) Hauer SSP2

• Today (2025): 87,883 people
• By 2030: 89,055 · +1.3%
• By 2040: 90,396 · +2.9%
• By 2050: 90,801 · +3.3%
• By 2075: 89,880 · +2.3%
• By 2100: 81,252 · -7.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (82%)
• Race & ethnicity: White 82% Hispanic / Latino 11% Two or more races 9%
• Hispanic origin (detail): Mexican 8%
• Common ancestry: Italian 4% Portuguese 3% Lithuanian 3%
• Foreign-born: 4% · Canada, Vietnam
• Languages at home: 94% English-only · Spanish 4% German/W. Germanic 1% Other Indo-European 1%

Political lean MEDSL · Josephine

• 2024 margin: Strong R (+29.1) · D 34.2% · R 63.3% · Other 2.5%
• 2008→2024 swing: -15.8pp toward R · 2008: -13.2pp · 2024: -29.1pp
• All cycles: 2024: R+29.1 2020: R+25.8 2016: R+31.4 2012: R+21.9 2008: R+13.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -203.09%
• Current HPI: 318.0477
• Rent YoY: ▲ 3.05%
• Metro: Grants Pass, 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

+41.4% since first listed

14 events — show timeline

• 2026-05-07 Relisted — MLSCO
• 2026-04-28 Pending — MLSCO
• 2026-04-16 Listed $229,000 MLSCO
• 2025-08-07 Listing Removed — MLSCO
• 2008-12-24 Sold (Public Records) $129,000 Public Records
• 2008-12-24 Sold (MLS) $129,000 RMLS
• 2008-12-05 Listed $129,000 RMLS
• 2008-09-17 Listing Removed — MLSCO
• 2008-01-04 Listed $154,000 MLSCO
• 2005-12-06 Sold (Public Records) $162,000 Public Records
• 2005-12-06 Sold (MLS) $162,000 RMLS
• 2005-12-06 Sold (MLS) $162,000 MLSCO
• 2005-08-11 Listed $162,000 MLSCO
• 2005-08-10 Listed $162,000 RMLS

Property tax history

+3.6%/yr

Latest (2025): $1,676 · +6.2% YoY. Source: county tax records.