63776 Flanagan Rd · Bunker Hill, OR 97420

$324,999

5 bd · 1.0 ba · 1,040 sqft · SingleFamily public records · 222 Days on market

Built 1913 4,791 sqft lot $312/sqft · 67% above area Est $341k · at est.

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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 +11.4/30.0
• ARV discount +9.6/15.0
• Rent growth +4.7/5.0
• Livability +3.4/5.0
• DSCR +3.3/10.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0
• 1% rule +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming Craftsman near the bay! Recent Roof refresh and interior paint this beautifully updated 4-bedroom, 2-bath home blends classic character with modern touches. Inside, you’ll find warm wood floors, a pellet stove & mini split for cozy nights, and a spacious kitchen featuring a built-in oven, cooktop, and island. The fenced yard and back deck offer space to relax or entertain, plus there’s a detached garage and shop for storage or projects. A hidden safe room adds a unique touch of security. Conveniently located just minutes from the bay and downtown Coos Bay—ideal for those who love crabbing, fishing, hiking, and exploring the outdoors.

Key facts

• Warm wood floors
• Spacious kitchen
• Pellet stove

Tags

• UPDATED HOME
• WARM WOOD FLOORS
• PELLET STOVE
• MINI SPLIT
• SPACIOUS KITCHEN
• BUILT-IN OVEN

What this means for you Summary

Snapshot

• This is a 5-bed/1.0-bath single-family listed at $325k.

Deal economics

• At list price, monthly cash flow is $-114 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $305k (6.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $237k (27.1% below list).
• Recommended offer: $237k (27.1% below list) — sets the bar for 1% rule.
• Cap rate 5.9% vs local median 3.4% in Bunker Hill — 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 (#171 in OR) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A-; Watch: health & safety C-, schools F, amenities 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.
• 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).
• At $2,370/mo this rent would consume 46% of the median local household income ($62k/yr) (locally 799% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $10k 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.

Negotiation context

• It's been on market 222 days — a 12% lower offer ($286k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $73k; list at $325k implies a 345% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1913 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $237,005 (27.1% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 222 days. Have you received any prior offers? Is the seller open to a 27% concession, seller financing, or rate buy-down credit?
3. Built in 1913 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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?
8. 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.
9. 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.
10. 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: 0.73% ✗
• Cap rate: 5.87%
• Cash-on-cash: -1.51%
• DSCR: 0.93
• GRM: 11.4

CMA / ARV

• ARV (median comp): $340,580
• List price: $324,999
• Delta: -4.57%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -14.0%
• Equity multiple: 0.48×
• Total profit: $-47,551
• Equity at exit: $48,458

10-year hold

• IRR: 0.7%
• Equity multiple: 1.06×
• Total profit: $5,714
• Equity at exit: $28,100

Cash invested: $91,000 (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 97420

• Rents YoY: 8.7%
• Active inventory: 342
• Price-to-rent: 11.4×

Monthly cashflow live

• Estimated rent: $2,370 medium
• Mortgage (P&I): −$1,704
• Tax from tax record: −$147 /mo · $1,764/yr
• Insurance: −$135
• HOA: −$0
• Vacancy / Maint / Mgmt: −$498
• Net cashflow: $-114

Break-even live

Break-even rent $2,515

Max offer price $304,784

Occupancy floor 100%

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: $81,250
• Closing costs: $9,750
• Reserves months: —
• Total cash needed: —

Listing history 20 events

1. 2026-06-19
   days on market $324,999 Active 222 DOM
2. 2026-06-18
   days on market $324,999 Active 221 DOM
3. 2026-06-17
   days on market $324,999 Active 220 DOM
4. 2026-06-16
   days on market $324,999 Active 219 DOM
5. 2026-06-15
   days on market $324,999 Active 218 DOM
6. 2026-06-14
   days on market $324,999 Active 216 DOM
7. 2026-06-12
   days on market $324,999 Active 215 DOM
8. 2026-06-09
   days on market $324,999 Active 212 DOM
9. 2026-06-08
   days on market $324,999 Active 211 DOM
10. 2026-06-07
    days on market $324,999 Active 210 DOM
11. 2026-06-07
    days on market $324,999 Active 209 DOM
12. 2026-06-03
    days on market $324,999 Active 206 DOM
13. 2026-06-02
    days on market $324,999 Active 205 DOM
14. 2026-06-01
    days on market $324,999 Active 204 DOM
15. 2026-05-31
    days on market $324,999 Active 203 DOM
16. 2026-05-30
    days on market $324,999 Active 202 DOM
17. 2026-04-17
    price $324,999 672-char remark

    Show marketing remark (672 chars)

    Charming Craftsman near the bay! Recent Roof refresh and interior paint this beautifully updated 4-bedroom, 2-bath home blends classic character with modern touches. Inside, you’ll find warm wood floors, a pellet stove & mini split for cozy nights, and a spacious kitchen featuring a built-in oven, cooktop, and island. The fenced yard and back deck offer space to relax or entertain, plus there’s a detached garage and shop for storage or projects. A hidden safe room adds a unique touch of security. Conveniently located just minutes from the bay and downtown Coos Bay—ideal for those who love crabbing, fishing, hiking, and exploring the outdoors.

18. 2025-11-09
    listed $329,999 Active 672-char remark

    Show marketing remark (672 chars)

    Charming Craftsman near the bay! Recent Roof refresh and interior paint this beautifully updated 4-bedroom, 2-bath home blends classic character with modern touches. Inside, you’ll find warm wood floors, a pellet stove & mini split for cozy nights, and a spacious kitchen featuring a built-in oven, cooktop, and island. The fenced yard and back deck offer space to relax or entertain, plus there’s a detached garage and shop for storage or projects. A hidden safe room adds a unique touch of security. Conveniently located just minutes from the bay and downtown Coos Bay—ideal for those who love crabbing, fishing, hiking, and exploring the outdoors.

19. 1998-11-06
    soldstatus $73,000
20. 1996-02-08
    soldstatus $46,500

ⓘ 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: $1,764 · $147/mo
• Projected year-2 tax: $3,152 · $263/mo
• Expected delta: +$1,388/yr (+$116/mo · 78.7%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 1/10 Low 8 d/yr ≥78°F today · 22 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: $28,441
• − Mortgage interest: −$18,205
• − Property taxes: −$1,764
• − Insurance: −$1,625
• − Repairs & maintenance: −$2,275
• − Management: −$2,275
• − Depreciation: −$9,455
• Taxable loss: −$7,159
• Est. tax savings @ 24.0%: +$1,718
• After-tax cash flow: $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: 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 — Bunker Hill

• Score: 67/100
• State rank: #171
• US rank: #10322

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bunker Hill, OR
• County: Coos County · 27,621 people
• 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

+598.9% since first listed

4 events — show timeline

• 2026-04-17 Price Changed $324,999 RMLS
• 2025-11-09 Listed $329,999 RMLS
• 1998-11-06 Sold (Public Records) $73,000 Public Records
• 1996-02-08 Sold (Public Records) $46,500 Public Records

Property tax history

+3.7%/yr

Latest (2025): $1,764 · +1.2% YoY. Source: county tax records.