13025 SE Orient Dr #8 · Boring, OR 97009

$119,000

3 bd · 2.0 ba · 1,780 sqft · Condo · 280 Days on market

Built 1998 $67/sqft · at area comps Est $118k · at est. ↓ 7% since listing

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.3/15.0
• Schools +5.0/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Enjoy Peaceful Country Living in a Welcoming 55+ Community! Step into this spacious home featuring vaulted ceilings and generously sized rooms throughout. The expansive 26' x 14' living room boasts a cozy wood-burning fireplace, perfect for relaxing evenings. A large dining area comfortably seats 6–8 guests—ideal for entertaining.The bright and functional kitchen includes an eating island, pantry, built-in dishwasher, free-standing range, built-in microwave, and refrigerator—plenty of room to cook and gather.The 15' x 13' primary suite offers a private bath and ample space to unwind. A versatile 13' x 12' bonus room provides the perfect spot for a home office, den, or hobby room. Additional features include a dedicated utility room with a washer and dryer.Located just 15 minutes from downtown Gresham, this home combines the tranquility of country living with the convenience of city access.Bonus: The motivated seller is planning to install a brand-new roof before closing!

Key facts

• Utility room
• Private bath
• Eating island

Tags

• COZY WOOD-BURNING FIREPLACE
• EATING ISLAND
• PRIVATE BATH
• BONUS ROOM
• UTILITY ROOM

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath condo listed at $119k.

Deal economics

• At list price, monthly cash flow is $2k ($21k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $119k).
• Recommended offer: $105k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads: area grade B — affects rentability + tenant quality, not the cash-flow math above.
• Oregon Trail SD 46 (town): math 47% / reading 64% proficiency, ranked #12 of 183 in OR (top 7%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 38 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 946 units permitted in Clackamas County in 2024 (188 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $823 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Clackamas County population projected at +25% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $33k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 280 days — a 12% lower offer ($105k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $21k (15%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $104,720 (12.0% below list)

Questions for the listing agent

1. It's been on market 280 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 2.69% ✓
• Cap rate: 24.17%
• Cash-on-cash: 63.86%
• DSCR: 3.84
• GRM: 3.1

CMA / ARV

• ARV (median comp): $118,350
• List price: $119,000
• Delta: 0.55%
• Verdict: FAIR
• Comps: 1 within 2.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 62.9%
• Equity multiple: 3.81×
• Total profit: $93,666
• Equity at exit: $17,743

10-year hold

• IRR: 67.4%
• Equity multiple: 7.81×
• Total profit: $227,022
• Equity at exit: $10,289

Cash invested: $33,320 (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 97009

• Active inventory: 38
• Price-to-rent: 3.1×

Monthly cashflow live

• Estimated rent: $3,200 medium
• Mortgage (P&I): −$624
• Tax from tax record: −$81 /mo · $973/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$672
• Net cashflow: $1,773

Break-even live

Break-even rent $955

Max offer price $119,000

Occupancy floor 40%

Sensitivity live

Price	-10% $1,841	-5% $1,807	+0% $1,773	+5% $1,740	+10% $1,706
Rent	-10% $1,521	-5% $1,647	+0% $1,773	+5% $1,900	+10% $2,026
Rate	-1.0pp $1,833	-0.5pp $1,804	base $1,773	+0.5pp $1,742	+1.0pp $1,711

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: $29,750
• Closing costs: $3,570
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
12710 SE 352nd Ave Boring, OR	2.0	2.0	1400	$3,200	$2.29	3d	1	1.25mi

HOA detail condo

• Monthly dues: $0 · $0/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 19 events

1. 2026-06-21
   days on market $119,000 Active 280 DOM
2. 2026-06-18
   days on market $119,000 Active 277 DOM
3. 2026-06-17
   days on market $119,000 Active 276 DOM
4. 2026-06-16
   days on market $119,000 Active 275 DOM
5. 2026-06-15
   days on market $119,000 Active 274 DOM
6. 2026-06-13
   days on market $119,000 Active 272 DOM
7. 2026-06-13
   days on market $119,000 Active 271 DOM
8. 2026-06-09
   days on market $119,000 Active 268 DOM
9. 2026-06-08
   days on market $119,000 Active 267 DOM
10. 2026-06-07
    days on market $119,000 Active 266 DOM
11. 2026-06-03
    days on market $119,000 Active 262 DOM
12. 2026-06-02
    days on market $119,000 Active 261 DOM
13. 2026-06-02
    price $119,000 Active 260 DOM
14. 2026-06-01
    days on market $129,900 Active 260 DOM
15. 2026-05-31
    days on market $129,900 Active 259 DOM
16. 2026-05-09
    status Active 1003-char remark

    Show marketing remark (1003 chars)

    Enjoy Peaceful Country Living in a Welcoming 55+ Community! Step into this spacious home featuring vaulted ceilings and generously sized rooms throughout. The expansive 26' x 14' living room boasts a cozy wood-burning fireplace, perfect for relaxing evenings. A large dining area comfortably seats 6–8 guests—ideal for entertaining.The bright and functional kitchen includes an eating island, pantry, built-in dishwasher, free-standing range, built-in microwave, and refrigerator—plenty of room to cook and gather.The 15' x 13' primary suite offers a private bath and ample space to unwind. A versatile 13' x 12' bonus room provides the perfect spot for a home office, den, or hobby room. Additional features include a dedicated utility room with a washer and dryer.Located just 15 minutes from downtown Gresham, this home combines the tranquility of country living with the convenience of city access.Bonus: The motivated seller is planning to install a brand-new roof before closing!

17. 2026-04-30
    status Pending 1003-char remark

    Show marketing remark (1003 chars)

    Enjoy Peaceful Country Living in a Welcoming 55+ Community! Step into this spacious home featuring vaulted ceilings and generously sized rooms throughout. The expansive 26' x 14' living room boasts a cozy wood-burning fireplace, perfect for relaxing evenings. A large dining area comfortably seats 6–8 guests—ideal for entertaining.The bright and functional kitchen includes an eating island, pantry, built-in dishwasher, free-standing range, built-in microwave, and refrigerator—plenty of room to cook and gather.The 15' x 13' primary suite offers a private bath and ample space to unwind. A versatile 13' x 12' bonus room provides the perfect spot for a home office, den, or hobby room. Additional features include a dedicated utility room with a washer and dryer.Located just 15 minutes from downtown Gresham, this home combines the tranquility of country living with the convenience of city access.Bonus: The motivated seller is planning to install a brand-new roof before closing!

18. 2025-10-14
    price $129,900 1003-char remark

    Show marketing remark (1003 chars)

    Enjoy Peaceful Country Living in a Welcoming 55+ Community! Step into this spacious home featuring vaulted ceilings and generously sized rooms throughout. The expansive 26' x 14' living room boasts a cozy wood-burning fireplace, perfect for relaxing evenings. A large dining area comfortably seats 6–8 guests—ideal for entertaining.The bright and functional kitchen includes an eating island, pantry, built-in dishwasher, free-standing range, built-in microwave, and refrigerator—plenty of room to cook and gather.The 15' x 13' primary suite offers a private bath and ample space to unwind. A versatile 13' x 12' bonus room provides the perfect spot for a home office, den, or hobby room. Additional features include a dedicated utility room with a washer and dryer.Located just 15 minutes from downtown Gresham, this home combines the tranquility of country living with the convenience of city access.Bonus: The motivated seller is planning to install a brand-new roof before closing!

19. 2025-09-06
    listed $139,900 Active 1003-char remark

    Show marketing remark (1003 chars)

    Enjoy Peaceful Country Living in a Welcoming 55+ Community! Step into this spacious home featuring vaulted ceilings and generously sized rooms throughout. The expansive 26' x 14' living room boasts a cozy wood-burning fireplace, perfect for relaxing evenings. A large dining area comfortably seats 6–8 guests—ideal for entertaining.The bright and functional kitchen includes an eating island, pantry, built-in dishwasher, free-standing range, built-in microwave, and refrigerator—plenty of room to cook and gather.The 15' x 13' primary suite offers a private bath and ample space to unwind. A versatile 13' x 12' bonus room provides the perfect spot for a home office, den, or hobby room. Additional features include a dedicated utility room with a washer and dryer.Located just 15 minutes from downtown Gresham, this home combines the tranquility of country living with the convenience of city access.Bonus: The motivated seller is planning to install a brand-new roof before closing!

ⓘ 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: $973 · $81/mo
• Projected year-2 tax: $1,154 · $96/mo
• Expected delta: +$182/yr (+$15/mo · 18.7%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥90°F today · 15 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 9/10 Extreme 11 unhealthy d/yr today · 12 by 30 yrs out

Taxation est. · year 1

• Rental income: $38,400
• − Mortgage interest: −$6,666
• − Property taxes: −$973
• − Insurance: −$595
• − Repairs & maintenance: −$3,072
• − Management: −$3,072
• − Depreciation: −$3,462
• Taxable income: $20,561
• Est. tax owed @ 24.0%: −$4,935
• After-tax cash flow: $16,345/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: Oregon Trail SD 46
• NCES district ID: 4110890
• Math proficiency: 47% ▬ 0.00%
• Reading proficiency: 64% ▲ 1.00%
• Median HH income: $61,406
• Composite: 50.19/100
• National rank: #4075
• State rank: #12 of 183 in OR

Livability — Boring

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

Census & demographics

• Population (ZIP): 7,877

Population outlook (Clackamas County) Hauer SSP2

• Today (2025): 458,456 people
• By 2030: 485,185 · +5.8%
• By 2040: 532,932 · +16.2%
• By 2050: 574,445 · +25.3%
• By 2075: 665,497 · +45.2%
• By 2100: 697,488 · +52.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (73%)
• Race & ethnicity: White 73% Hispanic / Latino 18% Two or more races 14% Asian 1%
• Hispanic origin (detail): Mexican 14%
• Common ancestry: Portuguese 3% Slovak 3% Iranian 2%
• Foreign-born: 4% · Canada, China
• Languages at home: 91% English-only · Spanish 7% Other Indo-European 2%

Political lean MEDSL · Clackamas

• 2024 margin: Lean D (+9.7) · D 53.4% · R 43.6% · Other 3.0%
• 2008→2024 swing: -0.6pp no change · 2008: 10.4pp · 2024: 9.7pp
• All cycles: 2024: D+9.7 2020: D+11.1 2016: D+6.1 2012: D+3.5 2008: D+10.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -238.15%
• Current HPI: 307.0405
• 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

-7.1% since first listed

4 events — show timeline

• 2026-05-09 Relisted — RMLS
• 2026-04-30 Pending — RMLS
• 2025-10-14 Price Changed $129,900 RMLS
• 2025-09-06 Listed $139,900 RMLS

Property tax history

+3.3%/yr

Latest (2025): $973 · +4.6% YoY. Source: county tax records.