2622 Falcon St #40 · White City, OR 97503

$16,999

2 bd · 1.0 ba · 1,008 sqft · Land public records · 190 Days on market

Built 1977 $17/sqft · 65% below area $850/mo HOA · 50% of rent ↓ 55% since listing

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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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Livability +3.4/5.0
• Schools +3.3/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Discover an affordable opportunity in this pet-friendly, family-oriented park in White City, OR! This single-wide home has solid layout and is brimming with potential for investors, flippers, or first-time buyers looking to build equity through sweat equity. Whether you're planning a renovation project or searching for a budget-friendly way to enter the housing market, this home offers a rare chance to customize a space to your taste at a great price point. Located in the heart of White City, you'll enjoy easy access to local parks, schools, shopping, and outdoor recreation. The area is known for its friendly community atmosphere, proximity to the Rogue River, and quick commutes to Medford and Eagle Point—ideal for anyone who values both convenience and a relaxed lifestyle. Bring your vision and make this place shine! Opportunities like this don't come along often.

Key facts

• Solid layout
• Easy access to parks
• Parking

Tags

• SOLID LAYOUT
• EASY ACCESS TO PARKS
• PROXIMITY TO ROGUE RIVER
• QUICK COMMUTES TO MEDFORD

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath land listed at $17k.

Deal economics

• At list price, monthly cash flow is $385 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $17k).
• Recommended offer: $15k (12.0% below list) — sets the bar for market timing.
• Cap rate 33.5% vs local median 3.4% in White City — 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 67/100 on livability (#182 in OR) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety A+, cost of living A; Watch: employment C-, schools F, crime D-.
• Eagle Point SD 9 (suburban): math 26% / reading 45% proficiency, ranked #134 of 183 in OR (top 73%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 103 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 904 units permitted in Jackson County in 2024 (212 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $117 of loan paydown is wiped out by about $510 of value loss. Plan a longer hold.
• Jackson County population projected at +17% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $5k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 190 days — a 12% lower offer ($15k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $23k (58%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: HOA is 50% of rent.
• Climate carrying-cost: major wildfire risk; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $14,959 (12.0% below list)

Questions for the listing agent

1. It's been on market 190 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1977 — 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. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. Crime grade is D 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?
8. 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?
9. 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.
10. 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.
11. 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: 10.04% ✓
• Cap rate: 33.47%
• Cash-on-cash: 97.06%
• DSCR: 5.32
• GRM: 0.8

CMA / ARV

• ARV (median comp): $48,763
• List price: $16,999
• Delta: -65.14%
• Verdict: UNDERPRICED
• Comps: 9 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 99.0%
• Equity multiple: 5.69×
• Total profit: $22,311
• Equity at exit: $2,535

10-year hold

• IRR: —
• Equity multiple: 12.18×
• Total profit: $53,218
• Equity at exit: $1,470

Cash invested: $4,760 (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 97503

• Home prices YoY: -28.5%
• Active inventory: 103
• Price-to-rent: 0.8×

Monthly cashflow live

• Estimated rent: $1,706 high
• Mortgage (P&I): −$89
• Tax from tax record: −$17 /mo · $203/yr
• Insurance: −$7
• HOA: −$850
• Vacancy / Maint / Mgmt: −$358
• Net cashflow: $385

Break-even live

Break-even rent $1,219

Max offer price $16,999

Occupancy floor 72%

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: $4,250
• Closing costs: $510
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7830 Jacqueline Way White City, OR	3.0	2.5	1355	$1,700	$1.25	43d	1	0.36mi
7673 24th St Unit 7673 White City, OR	3.0	2.0	1200	$1,695	$1.41	21d	1	0.38mi
3407 Sharon Way White City, OR	2.0	2.0	922	$1,595	$1.73	21d	1	0.43mi
7925 Ajax St White City, OR	3.0	1.0	1026	$1,775	$1.73	13d	1	0.48mi
3936 Francine Ct White City, OR	3.0	2.0	1200	$1,875	$1.56	21d	1	1.05mi

HOA detail

• Monthly dues: $850 · $10,200/yr

Listing history 26 events

1. 2026-06-19
   days on market $16,999 Active 190 DOM
2. 2026-06-18
   days on market $16,999 Active 189 DOM
3. 2026-06-17
   days on market $16,999 Active 188 DOM
4. 2026-06-16
   days on market $16,999 Active 187 DOM
5. 2026-06-15
   days on market $16,999 Active 186 DOM
6. 2026-06-14
   days on market $16,999 Active 184 DOM
7. 2026-06-13
   pricedays on market $16,999 Active 183 DOM
8. 2026-06-10
   days on market $17,999 Active 181 DOM
9. 2026-06-09
   days on market $17,999 Active 180 DOM
10. 2026-06-08
    days on market $17,999 Active 179 DOM
11. 2026-06-07
    days on market $17,999 Active 178 DOM
12. 2026-06-05
    days on market $17,999 Active 175 DOM
13. 2026-06-03
    days on market $17,999 Active 174 DOM
14. 2026-06-02
    days on market $17,999 Active 173 DOM
15. 2026-06-01
    days on market $17,999 Active 172 DOM
16. 2026-05-31
    days on market $17,999 Active 171 DOM
17. 2026-05-30
    days on market $17,999 Active 170 DOM
18. 2026-04-27
    status Active 883-char remark

    Show marketing remark (883 chars)

    Discover an affordable opportunity in this pet-friendly, family-oriented park in White City, OR! This single-wide home has solid layout and is brimming with potential for investors, flippers, or first-time buyers looking to build equity through sweat equity. Whether you're planning a renovation project or searching for a budget-friendly way to enter the housing market, this home offers a rare chance to customize a space to your taste at a great price point. Located in the heart of White City, you'll enjoy easy access to local parks, schools, shopping, and outdoor recreation. The area is known for its friendly community atmosphere, proximity to the Rogue River, and quick commutes to Medford and Eagle Point—ideal for anyone who values both convenience and a relaxed lifestyle. Bring your vision and make this place shine! Opportunities like this don't come along often.

19. 2026-04-27
    price $17,999 883-char remark

    Show marketing remark (883 chars)

    Discover an affordable opportunity in this pet-friendly, family-oriented park in White City, OR! This single-wide home has solid layout and is brimming with potential for investors, flippers, or first-time buyers looking to build equity through sweat equity. Whether you're planning a renovation project or searching for a budget-friendly way to enter the housing market, this home offers a rare chance to customize a space to your taste at a great price point. Located in the heart of White City, you'll enjoy easy access to local parks, schools, shopping, and outdoor recreation. The area is known for its friendly community atmosphere, proximity to the Rogue River, and quick commutes to Medford and Eagle Point—ideal for anyone who values both convenience and a relaxed lifestyle. Bring your vision and make this place shine! Opportunities like this don't come along often.

20. 2026-04-24
    historical 883-char remark

    Show marketing remark (883 chars)

    Discover an affordable opportunity in this pet-friendly, family-oriented park in White City, OR! This single-wide home has solid layout and is brimming with potential for investors, flippers, or first-time buyers looking to build equity through sweat equity. Whether you're planning a renovation project or searching for a budget-friendly way to enter the housing market, this home offers a rare chance to customize a space to your taste at a great price point. Located in the heart of White City, you'll enjoy easy access to local parks, schools, shopping, and outdoor recreation. The area is known for its friendly community atmosphere, proximity to the Rogue River, and quick commutes to Medford and Eagle Point—ideal for anyone who values both convenience and a relaxed lifestyle. Bring your vision and make this place shine! Opportunities like this don't come along often.

21. 2026-04-13
    price $18,999 883-char remark

    Show marketing remark (883 chars)

    Discover an affordable opportunity in this pet-friendly, family-oriented park in White City, OR! This single-wide home has solid layout and is brimming with potential for investors, flippers, or first-time buyers looking to build equity through sweat equity. Whether you're planning a renovation project or searching for a budget-friendly way to enter the housing market, this home offers a rare chance to customize a space to your taste at a great price point. Located in the heart of White City, you'll enjoy easy access to local parks, schools, shopping, and outdoor recreation. The area is known for its friendly community atmosphere, proximity to the Rogue River, and quick commutes to Medford and Eagle Point—ideal for anyone who values both convenience and a relaxed lifestyle. Bring your vision and make this place shine! Opportunities like this don't come along often.

22. 2026-03-09
    price $19,999 883-char remark

    Show marketing remark (883 chars)

    Discover an affordable opportunity in this pet-friendly, family-oriented park in White City, OR! This single-wide home has solid layout and is brimming with potential for investors, flippers, or first-time buyers looking to build equity through sweat equity. Whether you're planning a renovation project or searching for a budget-friendly way to enter the housing market, this home offers a rare chance to customize a space to your taste at a great price point. Located in the heart of White City, you'll enjoy easy access to local parks, schools, shopping, and outdoor recreation. The area is known for its friendly community atmosphere, proximity to the Rogue River, and quick commutes to Medford and Eagle Point—ideal for anyone who values both convenience and a relaxed lifestyle. Bring your vision and make this place shine! Opportunities like this don't come along often.

23. 2026-02-09
    price $27,999 883-char remark

    Show marketing remark (883 chars)

    Discover an affordable opportunity in this pet-friendly, family-oriented park in White City, OR! This single-wide home has solid layout and is brimming with potential for investors, flippers, or first-time buyers looking to build equity through sweat equity. Whether you're planning a renovation project or searching for a budget-friendly way to enter the housing market, this home offers a rare chance to customize a space to your taste at a great price point. Located in the heart of White City, you'll enjoy easy access to local parks, schools, shopping, and outdoor recreation. The area is known for its friendly community atmosphere, proximity to the Rogue River, and quick commutes to Medford and Eagle Point—ideal for anyone who values both convenience and a relaxed lifestyle. Bring your vision and make this place shine! Opportunities like this don't come along often.

24. 2026-01-06
    price $29,999 883-char remark

    Show marketing remark (883 chars)

    Discover an affordable opportunity in this pet-friendly, family-oriented park in White City, OR! This single-wide home has solid layout and is brimming with potential for investors, flippers, or first-time buyers looking to build equity through sweat equity. Whether you're planning a renovation project or searching for a budget-friendly way to enter the housing market, this home offers a rare chance to customize a space to your taste at a great price point. Located in the heart of White City, you'll enjoy easy access to local parks, schools, shopping, and outdoor recreation. The area is known for its friendly community atmosphere, proximity to the Rogue River, and quick commutes to Medford and Eagle Point—ideal for anyone who values both convenience and a relaxed lifestyle. Bring your vision and make this place shine! Opportunities like this don't come along often.

25. 2025-12-22
    price $34,999 883-char remark

    Show marketing remark (883 chars)

    Discover an affordable opportunity in this pet-friendly, family-oriented park in White City, OR! This single-wide home has solid layout and is brimming with potential for investors, flippers, or first-time buyers looking to build equity through sweat equity. Whether you're planning a renovation project or searching for a budget-friendly way to enter the housing market, this home offers a rare chance to customize a space to your taste at a great price point. Located in the heart of White City, you'll enjoy easy access to local parks, schools, shopping, and outdoor recreation. The area is known for its friendly community atmosphere, proximity to the Rogue River, and quick commutes to Medford and Eagle Point—ideal for anyone who values both convenience and a relaxed lifestyle. Bring your vision and make this place shine! Opportunities like this don't come along often.

26. 2025-12-08
    listed $40,000 Active 883-char remark

    Show marketing remark (883 chars)

    Discover an affordable opportunity in this pet-friendly, family-oriented park in White City, OR! This single-wide home has solid layout and is brimming with potential for investors, flippers, or first-time buyers looking to build equity through sweat equity. Whether you're planning a renovation project or searching for a budget-friendly way to enter the housing market, this home offers a rare chance to customize a space to your taste at a great price point. Located in the heart of White City, you'll enjoy easy access to local parks, schools, shopping, and outdoor recreation. The area is known for its friendly community atmosphere, proximity to the Rogue River, and quick commutes to Medford and Eagle Point—ideal for anyone who values both convenience and a relaxed lifestyle. Bring your vision and make this place shine! Opportunities like this don't come along often.

ⓘ 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: $203 · $17/mo
• Projected year-2 tax: $203 · $17/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 7 d/yr ≥98°F today · 15 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: $20,478
• − Mortgage interest: −$952
• − Property taxes: −$203
• − Insurance: −$85
• − Repairs & maintenance: −$1,638
• − Management: −$1,638
• − HOA: −$10,200
• − Depreciation: −$495
• Taxable income: $5,267
• Est. tax owed @ 24.0%: −$1,264
• After-tax cash flow: $3,356/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: Eagle Point SD 9
• NCES district ID: 4104500
• Math proficiency: 26% ▬ 0.00%
• Reading proficiency: 45% ▬ 0.00%
• Median HH income: $47,834
• Composite: 33.13/100
• National rank: #10630
• State rank: #134 of 183 in OR

Livability — White City

• Score: 67/100
• State rank: #182
• US rank: #11152

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: White City, OR
• Population (ZIP): 14,119

Population outlook (Jackson County) Hauer SSP2

• Today (2025): 234,433 people
• By 2030: 243,834 · +4.0%
• By 2040: 259,717 · +10.8%
• By 2050: 273,269 · +16.6%
• By 2075: 300,624 · +28.2%
• By 2100: 305,256 · +30.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (58%)
• Race & ethnicity: White 58% Hispanic / Latino 35% Two or more races 11% Asian 1%
• Hispanic origin (detail): Mexican 34%
• Common ancestry: Slovak 4% Italian 3% Portuguese 2%
• Foreign-born: 11% · Canada
• Languages at home: 77% English-only · Spanish 22% Tagalog/Filipino 1%

Political lean MEDSL · Jackson

• 2024 margin: Lean R (+6.4) · D 45.5% · R 51.9% · Other 2.6%
• 2008→2024 swing: -6.5pp toward R · 2008: 0.1pp · 2024: -6.4pp
• All cycles: 2024: R+6.4 2020: R+3.5 2016: R+9.2 2012: R+5.0 2008: D+0.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -106.87%
• Current HPI: 268.6998
• 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

-55.0% since first listed

9 events — show timeline

• 2026-04-27 Relisted — MLSCO
• 2026-04-27 Price Changed $17,999 MLSCO
• 2026-04-24 Listing Removed — MLSCO
• 2026-04-13 Price Changed $18,999 MLSCO
• 2026-03-09 Price Changed $19,999 MLSCO
• 2026-02-09 Price Changed $27,999 MLSCO
• 2026-01-06 Price Changed $29,999 MLSCO
• 2025-12-22 Price Changed $34,999 MLSCO
• 2025-12-08 Listed $40,000 MLSCO

Property tax history

+12.4%/yr

Latest (2022): $203 · +32.8% YoY. Source: county tax records.