2700 Falcon St Spc 33 · White City, OR 97503

$57,000

2 bd · 1.0 ba · 720 sqft · Land public records · 134 Days on market

Built 1972 $79/sqft · 28% above area Est $44k · 28% over ↓ 8% since listing

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

Listing remarks MLS

Affordable and well-maintained home in White City! Enjoy peace of mind knowing that virtually every key update has already been completed on this home: the fully finished laundry room has new flooring, the roof was recapped in 2017, and the kitchen was remodeled in 2022 with new cabinets, countertops, sink, and brand new appliances. Major system improvements include central HVAC and updated plumbing and electrical. Outside is a fully fenced yard with room for pets, tiered garden beds, a storage shed, and a beautiful new covered front porch. With just a few cosmetic touches, this home will be in amazing condition for years to come!

Key facts

• New flooring
• Remodeled kitchen
• New cabinets

Tags

• FINISHED LAUNDRY ROOM
• NEW FLOORING
• REMODELED KITCHEN
• NEW CABINETS
• NEW COUNTERTOPS
• NEW SINK

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath land listed at $57k.

Deal economics

• At list price, monthly cash flow is $663 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $57k).
• Recommended offer: $50k (12.0% below list) — sets the bar for market timing.
• Cap rate 20.2% 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; 1 comparable units currently listed for rent nearby; 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 $394 of loan paydown is wiped out by about $2k 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 $16k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 134 days — a 12% lower offer ($50k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• 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 $50,160 (12.0% below list)

Questions for the listing agent

1. It's been on market 134 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 1972 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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?
6. 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?
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: 2.23% ✓
• Cap rate: 20.25%
• Cash-on-cash: 49.84%
• DSCR: 3.22
• GRM: 3.7

CMA / ARV

• ARV (median comp): $44,381
• List price: $57,000
• Delta: 28.43%
• Verdict: OVERPRICED
• Comps: 3 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 47.5%
• Equity multiple: 3.07×
• Total profit: $32,968
• Equity at exit: $8,499

10-year hold

• IRR: 53.2%
• Equity multiple: 6.20×
• Total profit: $83,016
• Equity at exit: $4,928

Cash invested: $15,960 (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: 3.7×

Monthly cashflow live

• Estimated rent: $1,270 medium
• Mortgage (P&I): −$299
• Tax from tax record: −$18 /mo · $213/yr
• Insurance: −$24
• HOA: −$0
• Vacancy / Maint / Mgmt: −$267
• Net cashflow: $663

Break-even live

Break-even rent $431

Max offer price $57,000

Occupancy floor 43%

Sensitivity live

Price	-10% $695	-5% $679	+0% $663	+5% $647	+10% $631
Rent	-10% $563	-5% $613	+0% $663	+5% $713	+10% $763
Rate	-1.0pp $692	-0.5pp $677	base $663	+0.5pp $648	+1.0pp $633

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: $14,250
• Closing costs: $1,710
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7875 28th St Unit 3 White City, OR	1.0	1.0	515	$1,270	$2.47	22d	1	0.39mi

Listing history 20 events

1. 2026-06-19
   days on market $57,000 Active 134 DOM
2. 2026-06-18
   remarks 658-char remark
3. 2026-06-18
   pricedays on market $57,000 Active 133 DOM
4. 2026-06-17
   days on market $60,000 Active 132 DOM
5. 2026-06-16
   days on market $60,000 Active 131 DOM
6. 2026-06-15
   days on market $60,000 Active 130 DOM
7. 2026-06-14
   days on market $60,000 Active 128 DOM
8. 2026-06-13
   days on market $60,000 Active 127 DOM
9. 2026-06-10
   days on market $60,000 Active 125 DOM
10. 2026-06-09
    days on market $60,000 Active 124 DOM
11. 2026-06-08
    days on market $60,000 Active 123 DOM
12. 2026-06-07
    days on market $60,000 Active 122 DOM
13. 2026-06-05
    days on market $60,000 Active 119 DOM
14. 2026-06-03
    days on market $60,000 Active 118 DOM
15. 2026-06-02
    days on market $60,000 Active 117 DOM
16. 2026-06-01
    days on market $60,000 Active 116 DOM
17. 2026-05-31
    days on market $60,000 Active 115 DOM
18. 2026-05-30
    days on market $60,000 Active 114 DOM
19. 2026-03-13
    price $60,000 638-char remark

    Show marketing remark (638 chars)

    Affordable and well-maintained home in White City! Enjoy peace of mind knowing that virtually every key update has already been completed on this home: the fully finished laundry room has new flooring, the roof was recapped in 2017, and the kitchen was remodeled in 2022 with new cabinets, countertops, sink, and brand new appliances. Major system improvements include central HVAC and updated plumbing and electrical. Outside is a fully fenced yard with room for pets, tiered garden beds, a storage shed, and a beautiful new covered front porch. With just a few cosmetic touches, this home will be in amazing condition for years to come!

20. 2026-02-05
    listed $65,000 Active 638-char remark

    Show marketing remark (638 chars)

    Affordable and well-maintained home in White City! Enjoy peace of mind knowing that virtually every key update has already been completed on this home: the fully finished laundry room has new flooring, the roof was recapped in 2017, and the kitchen was remodeled in 2022 with new cabinets, countertops, sink, and brand new appliances. Major system improvements include central HVAC and updated plumbing and electrical. Outside is a fully fenced yard with room for pets, tiered garden beds, a storage shed, and a beautiful new covered front porch. With just a few cosmetic touches, this home will be in amazing condition for years to come!

ⓘ 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: $213 · $18/mo
• Projected year-2 tax: $553 · $46/mo
• Expected delta: +$340/yr (+$28/mo · 159.3%)

ⓘ 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: $15,240
• − Mortgage interest: −$3,193
• − Property taxes: −$213
• − Insurance: −$285
• − Repairs & maintenance: −$1,219
• − Management: −$1,219
• − Depreciation: −$1,658
• Taxable income: $7,452
• Est. tax owed @ 24.0%: −$1,789
• After-tax cash flow: $6,166/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

-7.7% since first listed

2 events — show timeline

• 2026-03-13 Price Changed $60,000 MLSCO
• 2026-02-05 Listed $65,000 MLSCO

Property tax history

+7.8%/yr

Latest (2022): $213 · +30.5% YoY. Source: county tax records.