34014 Oregon Shores 2 Dr · Oregon Shores, OR 97624

$175,000

4 bd · 2.0 ba · 2,027 sqft · SingleFamily public records · 249 Days on market

Built 1984 0.31 ac lot $86/sqft · 51% below area $17/mo HOA · 1% of rent

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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 +20.4/30.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• DSCR +6.5/10.0
• 1% rule +4.8/10.0
• Rent growth +2.5/5.0
• Schools +2.5/10.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Great opportunity to make this unique home yours. There are some things that need repaired and the seller is unable to do them. Home is livable just needs some repairs. The home is a Dome Home so if you ever wanted to see inside a dome home now is your chance!! A 2-car garage with a storage building and a car port. Nice yard all fenced with several fruit trees and a nice group of spruce trees. There is a primary bedroom and two more bedrooms upstairs and another bedroom downstairs. Agency Lake is across the street with access to a public boat ramp and also a camping facility on the lake. BRING OFFER!!!

Key facts

• Fenced yard
• Dome home
• Spruce trees

Tags

• DOME HOME
• FENCED YARD
• FRUIT TREES
• SPRUCE TREES
• PUBLIC COUNTY BOAT RAMP

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $175k.

Deal economics

• At list price, monthly cash flow is $227 ($3k/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 $171k (2.5% below list).
• Recommended offer: $154k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.8% vs local median 2.1% in Oregon Shores — 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: area grade C — affects rentability + tenant quality, not the cash-flow math above.
• Klamath County SD (rural): math 21% / reading 37% proficiency, ranked #46 of 58 in OR (top 79%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 279 active listings in the ZIP; 232 units permitted in Klamath County in 2024 (72 in 5+ unit buildings).

Forward outlook

• In year one you build about $19k of equity ($1k loan paydown + $18k appreciation (10.0% local appreciation)).
• Klamath County population projected at -12% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $49k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$30k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 249 days — a 12% lower offer ($154k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 11y ago; this cycle's ask has dropped $100k (36%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $125k; 40% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Recommended offer $154,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 249 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 0.98% ✗
• Cap rate: 7.85%
• Cash-on-cash: 5.55%
• DSCR: 1.25
• GRM: 8.5

CMA / ARV

• ARV (median comp): $359,958
• List price: $175,000
• Delta: -51.38%
• Verdict: UNDERPRICED
• Comps: 9 within 1.0 mi

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 28.3%
• Equity multiple: 3.24×
• Total profit: $109,721
• Equity at exit: $157,654

10-year hold

• IRR: 24.6%
• Equity multiple: 7.36×
• Total profit: $311,698
• Equity at exit: $339,987

Cash invested: $49,000 (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 97624

• Home prices YoY: 21.5%
• Active inventory: 279
• Price-to-rent: 8.5×

Monthly cashflow live

• Estimated rent: $1,706 medium
• Mortgage (P&I): −$918
• Tax from tax record: −$114 /mo · $1,364/yr
• Insurance: −$73
• HOA: −$17
• Vacancy / Maint / Mgmt: −$358
• Net cashflow: $227

Break-even live

Break-even rent $1,419

Max offer price $175,000

Occupancy floor 82%

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: $43,750
• Closing costs: $5,250
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $17 · $204/yr

Listing history 30 events

1. 2026-06-19
   days on market $175,000 Active 249 DOM
2. 2026-06-18
   days on market $175,000 Active 248 DOM
3. 2026-06-17
   days on market $175,000 Active 247 DOM
4. 2026-06-16
   days on market $175,000 Active 246 DOM
5. 2026-06-15
   remarks 670-char remark
6. 2026-06-15
   price $175,000 Active 245 DOM
7. 2026-06-15
   days on market $195,000 Active 245 DOM
8. 2026-06-14
   days on market $195,000 Active 243 DOM
9. 2026-06-12
   days on market $195,000 Active 242 DOM
10. 2026-06-09
    days on market $195,000 Active 239 DOM
11. 2026-06-08
    days on market $195,000 Active 238 DOM
12. 2026-06-07
    days on market $195,000 Active 237 DOM
13. 2026-06-05
    days on market $195,000 Active 234 DOM
14. 2026-06-02
    days on market $195,000 Active 232 DOM
15. 2026-06-01
    days on market $195,000 Active 231 DOM
16. 2026-05-31
    days on market $195,000 Active 230 DOM
17. 2026-05-30
    days on market $195,000 Active 229 DOM
18. 2026-05-20
    price $195,000 610-char remark

    Show marketing remark (610 chars)

    Great opportunity to make this unique home yours. There are some things that need repaired and the seller is unable to do them. Home is livable just needs some repairs. The home is a Dome Home so if you ever wanted to see inside a dome home now is your chance!! A 2-car garage with a storage building and a car port. Nice yard all fenced with several fruit trees and a nice group of spruce trees. There is a primary bedroom and two more bedrooms upstairs and another bedroom downstairs. Agency Lake is across the street with access to a public boat ramp and also a camping facility on the lake. BRING OFFER!!!

19. 2026-03-19
    price $200,000 610-char remark

    Show marketing remark (610 chars)

    Great opportunity to make this unique home yours. There are some things that need repaired and the seller is unable to do them. Home is livable just needs some repairs. The home is a Dome Home so if you ever wanted to see inside a dome home now is your chance!! A 2-car garage with a storage building and a car port. Nice yard all fenced with several fruit trees and a nice group of spruce trees. There is a primary bedroom and two more bedrooms upstairs and another bedroom downstairs. Agency Lake is across the street with access to a public boat ramp and also a camping facility on the lake. BRING OFFER!!!

20. 2026-02-26
    price $210,000 610-char remark

    Show marketing remark (610 chars)

    Great opportunity to make this unique home yours. There are some things that need repaired and the seller is unable to do them. Home is livable just needs some repairs. The home is a Dome Home so if you ever wanted to see inside a dome home now is your chance!! A 2-car garage with a storage building and a car port. Nice yard all fenced with several fruit trees and a nice group of spruce trees. There is a primary bedroom and two more bedrooms upstairs and another bedroom downstairs. Agency Lake is across the street with access to a public boat ramp and also a camping facility on the lake. BRING OFFER!!!

21. 2026-01-22
    price $220,000 610-char remark

    Show marketing remark (610 chars)

    Great opportunity to make this unique home yours. There are some things that need repaired and the seller is unable to do them. Home is livable just needs some repairs. The home is a Dome Home so if you ever wanted to see inside a dome home now is your chance!! A 2-car garage with a storage building and a car port. Nice yard all fenced with several fruit trees and a nice group of spruce trees. There is a primary bedroom and two more bedrooms upstairs and another bedroom downstairs. Agency Lake is across the street with access to a public boat ramp and also a camping facility on the lake. BRING OFFER!!!

22. 2025-12-31
    price $230,000 610-char remark

    Show marketing remark (610 chars)

    Great opportunity to make this unique home yours. There are some things that need repaired and the seller is unable to do them. Home is livable just needs some repairs. The home is a Dome Home so if you ever wanted to see inside a dome home now is your chance!! A 2-car garage with a storage building and a car port. Nice yard all fenced with several fruit trees and a nice group of spruce trees. There is a primary bedroom and two more bedrooms upstairs and another bedroom downstairs. Agency Lake is across the street with access to a public boat ramp and also a camping facility on the lake. BRING OFFER!!!

23. 2025-12-01
    price $240,000 610-char remark

    Show marketing remark (610 chars)

    Great opportunity to make this unique home yours. There are some things that need repaired and the seller is unable to do them. Home is livable just needs some repairs. The home is a Dome Home so if you ever wanted to see inside a dome home now is your chance!! A 2-car garage with a storage building and a car port. Nice yard all fenced with several fruit trees and a nice group of spruce trees. There is a primary bedroom and two more bedrooms upstairs and another bedroom downstairs. Agency Lake is across the street with access to a public boat ramp and also a camping facility on the lake. BRING OFFER!!!

24. 2025-11-05
    price $250,000 610-char remark

    Show marketing remark (610 chars)

    Great opportunity to make this unique home yours. There are some things that need repaired and the seller is unable to do them. Home is livable just needs some repairs. The home is a Dome Home so if you ever wanted to see inside a dome home now is your chance!! A 2-car garage with a storage building and a car port. Nice yard all fenced with several fruit trees and a nice group of spruce trees. There is a primary bedroom and two more bedrooms upstairs and another bedroom downstairs. Agency Lake is across the street with access to a public boat ramp and also a camping facility on the lake. BRING OFFER!!!

25. 2025-10-13
    listed $275,000 Active 610-char remark

    Show marketing remark (610 chars)

    Great opportunity to make this unique home yours. There are some things that need repaired and the seller is unable to do them. Home is livable just needs some repairs. The home is a Dome Home so if you ever wanted to see inside a dome home now is your chance!! A 2-car garage with a storage building and a car port. Nice yard all fenced with several fruit trees and a nice group of spruce trees. There is a primary bedroom and two more bedrooms upstairs and another bedroom downstairs. Agency Lake is across the street with access to a public boat ramp and also a camping facility on the lake. BRING OFFER!!!

26. 2025-07-26
    historical
27. 2024-07-26
    listed $275,000 Active
28. 2020-04-26
    historical
29. 2017-03-01
    soldstatus $125,000
30. 2015-11-29
    listed $179,000

ⓘ 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: $1,364 · $114/mo
• Projected year-2 tax: $1,698 · $141/mo
• Expected delta: +$333/yr (+$28/mo · 24.4%)

ⓘ 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 · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 3/10 Moderate 8 d/yr ≥91°F today · 20 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 9/10 Extreme 20 unhealthy d/yr today · 22 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,476
• − Mortgage interest: −$9,803
• − Property taxes: −$1,364
• − Insurance: −$875
• − Repairs & maintenance: −$1,638
• − Management: −$1,638
• − HOA: −$204
• − Depreciation: −$5,091
• Taxable loss: −$137
• Est. tax savings @ 24.0%: +$33
• After-tax cash flow: $2,753/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: Klamath County SD
• NCES district ID: 4107020
• Math proficiency: 21% ▼ -17.00%
• Reading proficiency: 37% ▼ -16.00%
• Median HH income: $44,906
• Composite: 24.83/100
• National rank: #7593
• State rank: #46 of 58 in OR

Livability — Oregon Shores

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

Census & demographics

• Census place: Oregon Shores, OR
• Population (ZIP): 3,756

Population outlook (Klamath County) Hauer SSP2

• Today (2025): 63,870 people
• By 2030: 62,279 · -2.5%
• By 2040: 58,891 · -7.8%
• By 2050: 56,207 · -12.0%
• By 2075: 51,239 · -19.8%
• By 2100: 46,526 · -27.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (71%)
• Race & ethnicity: White 71% Native American 16% Two or more races 10% Hispanic / Latino 4%
• Common ancestry: Serbian 5% Portuguese 4% Slovak 3%
• Foreign-born: 4% · Canada
• Languages at home: 92% English-only · Russian/Polish/Slavic 2% Spanish 1%

Political lean MEDSL · Klamath

• 2024 margin: Solid R (+41.9) · D 27.9% · R 69.8% · Other 2.4%
• 2008→2024 swing: -8.8pp toward R · 2008: -33.1pp · 2024: -41.9pp
• All cycles: 2024: R+41.9 2020: R+40.6 2016: R+44.8 2012: R+38.2 2008: R+33.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 85.46%
• Current HPI: 483.6619
• 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

+8.9% since first listed

13 events — show timeline

• 2026-05-20 Price Changed $195,000 MLSCO
• 2026-03-19 Price Changed $200,000 MLSCO
• 2026-02-26 Price Changed $210,000 MLSCO
• 2026-01-22 Price Changed $220,000 MLSCO
• 2025-12-31 Price Changed $230,000 MLSCO
• 2025-12-01 Price Changed $240,000 MLSCO
• 2025-11-05 Price Changed $250,000 MLSCO
• 2025-10-13 Listed $275,000 MLSCO
• 2025-07-26 Listing Removed — MLSCO
• 2024-07-26 Listed $275,000 MLSCO
• 2020-04-26 Listing Removed — MLSCO
• 2017-03-01 Sold (Public Records) $125,000 Public Records
• 2015-11-29 Listed $179,000 MLSCO

Property tax history

+3.3%/yr

Latest (2025): $1,364 · +2.7% YoY. Source: county tax records.