64426 Penny Rd · Coos Bay, OR 97420

$130,000

1 bd · 1.0 ba · 1,050 sqft · SingleFamily public records · 23 Days on market

Built 1950 5,662 sqft lot Est $145k · 10% under

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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
• ARV discount +12.1/15.0
• DSCR +10.0/10.0
• 1% rule +7.5/10.0
• Rent growth +4.7/5.0
• Livability +3.1/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Opportunity awaits with this 2 or possibly 3 bedroom, 1 bathroom fixer situated on a 0.13 acre lot. Inside, you’ll find LVP flooring, a cozy woodstove, and a functional kitchen featuring butcher block countertops and white appliances. With a flexible floor plan and plenty of potential, this home is ready for your vision and personal touch. Some listing photos have been AI enhanced in an effort to reduce visible clutter and help showcase the home’s possibilities. Whether you’re looking for an investment property, starter home, or renovation project. The south side fence may be 3 ft over on the neighbors property and the north side fence may be 3 ft from the property line (p

Key facts

• 0.13 acre lot
• White appliances
• Flexible floor plan

Tags

• LVP FLOORING
• WOODSTOVE
• BUTCHER BLOCK COUNTERTOPS
• WHITE APPLIANCES
• FLEXIBLE FLOOR PLAN
• 0.13 ACRE LOT

Property features AI

Finance

• Other: Property not attached (detached); Resale property; Lot is hilly; Road surface: gravel; Zoning: UR-2; Lot size approximately 0.13 acre

Exterior

• Parking: Carport
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Residential property; One-story (main living area on main level); Built in 1950; No significant view listed
• Construction: Composition roof; T-111 siding; Asbestos present; Built in 1950
• Exterior features: Yard; Asbestos exterior; T-111 siding

Interior

• Kitchen: Free‑standing range; Free‑standing refrigerator
• Bedrooms: Primary bedroom (Main level); Second bedroom (Main level)
• Flooring: Luxury vinyl plank
• Bathrooms: 1 full bathroom (main level)
• Heating & cooling: Wood stove heating; No central cooling
• Interior features: Luxury vinyl plank flooring; Wood-burning fireplace
• Laundry & utility: Electric hot water

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $130k.

Deal economics

• At list price, monthly cash flow is $490 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $130k).
• Recommended offer: $128k (1.5% below list) — sets the bar for market timing.
• Cap rate 10.8% vs local median 4.2% in Coos Bay — 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 61/100 on livability (#257 in OR) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety A+, cost of living A; Watch: crime F, amenities F, commute F.
• Coos Bay SD 9 (town): math 22% / reading 39% proficiency, ranked #45 of 58 in OR (top 78%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Marshfield Senior High School (math 17% / reading 54%, grade F, #89 of 143 statewide, top 62%, 835 students, 31% FRL) — zoned schools average 31% FRL vs 55% district-wide (24 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: Rents rising fast (+8.7%/yr); 342 active listings in the ZIP; 122 units permitted in Coos County in 2024 (16 in 5+ unit buildings).
• This rent runs 32% of the median local income ($62k/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 $899 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Coos County population projected to shrink 9% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $36k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 23 days — a 2% lower offer ($128k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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 $8k; list at $130k implies a 1633% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $128,050 (1.5% below list)

Questions for the listing agent

1. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
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: 1.25% ✓
• Cap rate: 10.82%
• Cash-on-cash: 16.17%
• DSCR: 1.72
• GRM: 6.7

CMA / ARV

• ARV (on-the-fly): $144,900
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
64335 Roy Rd	0.32mi	2/1.0 (+1)	980 (-7%)	23mo	$135,000	$138	50

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 12.3%
• Equity multiple: 1.51×
• Total profit: $18,739
• Equity at exit: $19,383

10-year hold

• IRR: 24.6%
• Equity multiple: 3.63×
• Total profit: $95,550
• Equity at exit: $11,240

Cash invested: $36,400 (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 97420

• Rents YoY: 8.7%
• Active inventory: 342
• Price-to-rent: 6.7×

Monthly cashflow live

• Estimated rent: $1,628 medium
• Mortgage (P&I): −$682
• Tax from tax record: −$60 /mo · $719/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$342
• Net cashflow: $490

Break-even live

Break-even rent $1,007

Max offer price $130,000

Occupancy floor 65%

Sensitivity live

Price	-10% $564	-5% $527	+0% $490	+5% $454	+10% $417
Rent	-10% $362	-5% $426	+0% $490	+5% $555	+10% $619
Rate	-1.0pp $556	-0.5pp $524	base $490	+0.5pp $457	+1.0pp $423

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: $32,500
• Closing costs: $3,900
• Reserves months: —
• Total cash needed: —

Listing history 15 events

1. 2026-06-14
   statusdays on market $130,000 Pending 23 DOM
2. 2026-06-12
   days on market $130,000 Active 22 DOM
3. 2026-06-09
   days on market $130,000 Active 19 DOM
4. 2026-06-08
   days on market $130,000 Active 18 DOM
5. 2026-06-07
   days on market $130,000 Active 17 DOM
6. 2026-06-07
   days on market $130,000 Active 16 DOM
7. 2026-06-03
   days on market $130,000 Active 13 DOM
8. 2026-06-02
   days on market $130,000 Active 12 DOM
9. 2026-06-01
   days on market $130,000 Active 11 DOM
10. 2026-05-31
    days on market $130,000 Active 10 DOM
11. 2026-05-30
    days on market $130,000 Active 9 DOM
12. 2026-05-23
    status Active
13. 2026-05-20
    status Pending
14. 2026-05-18
    listed $130,000 Active
15. 1984-05-01
    soldstatus $7,500

ⓘ 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: $719 · $60/mo
• Projected year-2 tax: $1,261 · $105/mo
• Expected delta: +$542/yr (+$45/mo · 75.4%)

ⓘ 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 (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 1/10 Low 7 d/yr ≥74°F today · 20 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 6/10 Major 9 unhealthy d/yr today · 9 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,539
• − Mortgage interest: −$7,282
• − Property taxes: −$719
• − Insurance: −$650
• − Repairs & maintenance: −$1,563
• − Management: −$1,563
• − Depreciation: −$3,782
• Taxable income: $3,980
• Est. tax owed @ 24.0%: −$955
• After-tax cash flow: $4,931/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: Coos Bay SD 9
• NCES district ID: 4103660
• Math proficiency: 22% ▼ -6.00%
• Reading proficiency: 39% ▼ -4.00%
• Median HH income: $38,630
• Composite: 25.46/100
• National rank: #7450
• State rank: #45 of 58 in OR

Livability — Coos Bay

• Score: 61/100
• State rank: #257
• US rank: #17474

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Coos County · 27,621 people
• City population: 27,621
• Metro: Coos Bay, OR
• Population (ZIP): 27,621
• Household income: $61,574
• Rent vs Own: 32.7% rent · 67.3% own
• Severe rent burden: 799.0

Population outlook (Coos County) Hauer SSP2

• Today (2025): 62,222 people
• By 2030: 61,120 · -1.8%
• By 2040: 58,478 · -6.0%
• By 2050: 56,819 · -8.7%
• By 2075: 54,915 · -11.7%
• By 2100: 51,403 · -17.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (81%)
• Race & ethnicity: White 81% Hispanic / Latino 10% Two or more races 8% Native American 2% Asian 1%
• Hispanic origin (detail): Mexican 7%
• Common ancestry: Italian 5% Slovak 3% Lithuanian 3%
• Foreign-born: 5% · Canada, Vietnam
• Languages at home: 92% English-only · Spanish 6%

Political lean MEDSL · Coos

• 2024 margin: R (+19.9) · D 38.7% · R 58.5% · Other 2.8%
• 2008→2024 swing: -16.8pp toward R · 2008: -3.1pp · 2024: -19.9pp
• All cycles: 2024: R+19.9 2020: R+20.5 2016: R+24.3 2012: R+6.3 2008: R+3.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -315.58%
• Current HPI: 198.3249
• Rent YoY: ▲ 8.65%
• Metro: Coos Bay, 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

+1633.3% since first listed

4 events — show timeline

• 2026-05-23 Relisted — RMLS
• 2026-05-20 Pending — RMLS
• 2026-05-18 Listed $130,000 RMLS
• 1984-05-01 Sold (Public Records) $7,500 Public Records

Property tax history

+5.4%/yr

Latest (2025): $719 · +2.7% YoY. Source: county tax records.