310 Pitney Ln #8 · Junction City, OR 97448

$189,000

3 bd · 2.0 ba · 1,512 sqft · Manufactured public records · 62 Days on market

Built 2015 $125/sqft · 89% above area

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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 +26.6/30.0
• DSCR +9.1/10.0
• ARV discount +7.5/15.0
• 1% rule +6.1/10.0
• Livability +4.1/5.0
• Schools +2.9/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Country living! Come see this warm and inviting 3 bedroom, 2 bath home in a lovely country setting, on the edge of Junction City. This home offers a well laid out open floor plan, covered patio, and nicely landscaped yard. Located in an all ages manufactured home park. Space rent is $750. Park approval is required to complete purchase. Land is not included in the sale.

Key facts

• Open floor plan
• Covered patio
• Landscaped yard

Tags

• OPEN FLOOR PLAN
• COVERED PATIO
• LANDSCAPED YARD

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $189k.

Deal economics

• At list price, monthly cash flow is $507 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $189k).
• Recommended offer: $178k (6.0% below list) — sets the bar for market timing.
• Cap rate 9.5% vs local median 2.7% in Junction 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 82/100 on livability (#46 in OR, #1,184 nationally) — a professional / high-income tenant draw. Strengths: housing A+, health & safety A+, cost of living B+; Watch: schools D.
• Junction City SD 69 (town): math 26% / reading 41% proficiency, ranked #27 of 58 in OR (top 47%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 84 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 1,808 units permitted in Lane County in 2024 (972 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Lane County population projected at +15% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $53k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 62 days — a 6% lower offer ($178k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 7y ago 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 $100k; list at $189k implies a 89% gain — meaningful room to come down on a strong offer.

Recommended offer $177,660 (6.0% below list)

Questions for the listing agent

1. It's been on market 62 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 1.11% ✓
• Cap rate: 9.51%
• Cash-on-cash: 11.49%
• DSCR: 1.51
• GRM: 7.5

CMA / ARV

• ARV (median comp): $100,222
• List price: $189,000
• Delta: 88.58%
• Verdict: OVERPRICED
• Comps: 6 within 1.0 mi

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
310 Pitney Ln #40	0.00mi	3/2.0	1,500 (-1%)	4mo	$130,000	$87	95
310 Pitney Ln #52	0.18mi	3/2.0	1,512 (0%)	10mo	$184,500	$122	84
310 Pitney Ln #62	0.00mi	4/2.0 (+1)	1,512 (0%)	21mo	$185,000	$122	78
310 Pitney Ln #84	0.15mi	3/2.0	1,553 (+3%)	14mo	$215,000	$138	77
310 Pitney Ln #13	0.00mi	2/2.0 (-1)	1,521 (+1%)	23mo	$203,500	$134	75
1225 W 10th Ave #49	0.44mi	3/2.0	1,536 (+2%)	2mo	$65,000	$42	75
310 Pitney Ln #70	0.15mi	4/2.0 (+1)	1,512 (0%)	22mo	$173,900	$115	70
310 Pitney Ln	0.19mi	4/2.0 (+1)	1,512 (0%)	22mo	$173,900	$115	68
1225 W 10th Ave #53	0.44mi	2/2.0 (-1)	1,536 (+2%)	4mo	$80,000	$52	68
1225 W 10th Ave #44	0.44mi	2/2.0 (-1)	1,344 (-11%)	24mo	$75,000	$56	36

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 0.8%
• Equity multiple: 1.03×
• Total profit: $1,570
• Equity at exit: $28,181

10-year hold

• IRR: 10.4%
• Equity multiple: 1.81×
• Total profit: $42,652
• Equity at exit: $16,341

Cash invested: $52,920 (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 97448

• Home prices YoY: -35.0%
• Active inventory: 84
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $2,100 medium
• Mortgage (P&I): −$991
• Tax from tax record: −$83 /mo · $991/yr
• Insurance: −$79
• HOA: −$0
• Vacancy / Maint / Mgmt: −$441
• Net cashflow: $507

Break-even live

Break-even rent $1,459

Max offer price $189,000

Occupancy floor 71%

Sensitivity live

Price	-10% $613	-5% $560	+0% $507	+5% $453	+10% $400
Rent	-10% $341	-5% $424	+0% $507	+5% $589	+10% $672
Rate	-1.0pp $602	-0.5pp $555	base $507	+0.5pp $458	+1.0pp $408

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: $47,250
• Closing costs: $5,670
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
29426 Dane Ln Junction City, OR	3.0	2.0	1320	$2,100	$1.59	44d	1	1.26mi

Listing history 21 events

1. 2026-06-18
   days on market $189,000 Active 62 DOM
2. 2026-06-17
   days on market $189,000 Active 61 DOM
3. 2026-06-16
   days on market $189,000 Active 60 DOM
4. 2026-06-15
   days on market $189,000 Active 59 DOM
5. 2026-06-14
   days on market $189,000 Active 57 DOM
6. 2026-06-10
   days on market $189,000 Active 54 DOM
7. 2026-06-09
   days on market $189,000 Active 53 DOM
8. 2026-06-08
   days on market $189,000 Active 52 DOM
9. 2026-06-07
   days on market $189,000 Active 51 DOM
10. 2026-06-05
    days on market $189,000 Active 48 DOM
11. 2026-06-03
    days on market $189,000 Active 47 DOM
12. 2026-06-02
    days on market $189,000 Active 46 DOM
13. 2026-06-01
    days on market $189,000 Active 45 DOM
14. 2026-05-31
    days on market $189,000 Active 44 DOM
15. 2026-05-30
    days on market $189,000 Active 43 DOM
16. 2026-04-17
    listed $189,000 Active 371-char remark

    Show marketing remark (371 chars)

    Country living! Come see this warm and inviting 3 bedroom, 2 bath home in a lovely country setting, on the edge of Junction City. This home offers a well laid out open floor plan, covered patio, and nicely landscaped yard. Located in an all ages manufactured home park. Space rent is $750. Park approval is required to complete purchase. Land is not included in the sale.

17. 2019-11-13
    soldstatus $100,000 Sold 289-char remark

    Show marketing remark (289 chars)

    Extremely nice Fleetwood home in The Meadow on Pitney Pond! Quiet Junction City neighborhood. 2015 model with 3 bedrooms and 2 full baths. Large kitchen with bar seating and pantry. 2 living areas. Newer heat pump and custom shades. Nice sized backyard with covered patio and storage shed.

18. 2019-10-14
    status Pending 289-char remark

    Show marketing remark (289 chars)

    Extremely nice Fleetwood home in The Meadow on Pitney Pond! Quiet Junction City neighborhood. 2015 model with 3 bedrooms and 2 full baths. Large kitchen with bar seating and pantry. 2 living areas. Newer heat pump and custom shades. Nice sized backyard with covered patio and storage shed.

19. 2019-09-17
    price $115,000 289-char remark

    Show marketing remark (289 chars)

    Extremely nice Fleetwood home in The Meadow on Pitney Pond! Quiet Junction City neighborhood. 2015 model with 3 bedrooms and 2 full baths. Large kitchen with bar seating and pantry. 2 living areas. Newer heat pump and custom shades. Nice sized backyard with covered patio and storage shed.

20. 2019-08-20
    price $119,000 289-char remark

    Show marketing remark (289 chars)

    Extremely nice Fleetwood home in The Meadow on Pitney Pond! Quiet Junction City neighborhood. 2015 model with 3 bedrooms and 2 full baths. Large kitchen with bar seating and pantry. 2 living areas. Newer heat pump and custom shades. Nice sized backyard with covered patio and storage shed.

21. 2019-07-20
    listed $125,000 Active 289-char remark

    Show marketing remark (289 chars)

    Extremely nice Fleetwood home in The Meadow on Pitney Pond! Quiet Junction City neighborhood. 2015 model with 3 bedrooms and 2 full baths. Large kitchen with bar seating and pantry. 2 living areas. Newer heat pump and custom shades. Nice sized backyard with covered patio and storage shed.

ⓘ 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: $991 · $83/mo
• Projected year-2 tax: $1,833 · $153/mo
• Expected delta: +$842/yr (+$70/mo · 84.9%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 9% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥92°F today · 15 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 10/10 Extreme 12 unhealthy d/yr today · 13 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,200
• − Mortgage interest: −$10,587
• − Property taxes: −$991
• − Insurance: −$945
• − Repairs & maintenance: −$2,016
• − Management: −$2,016
• − Depreciation: −$5,498
• Taxable income: $3,147
• Est. tax owed @ 24.0%: −$755
• After-tax cash flow: $5,323/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: Junction City SD 69
• NCES district ID: 4106930
• Math proficiency: 26% ▼ -10.00%
• Reading proficiency: 41% ▼ -11.00%
• Median HH income: $50,018
• Composite: 29.05/100
• National rank: #6608
• State rank: #27 of 58 in OR

Livability — Junction City

• Score: 82/100
• State rank: #46
• US rank: #1184

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Junction City, OR
• Population (ZIP): 14,629

Population outlook (Lane County) Hauer SSP2

• Today (2025): 391,933 people
• By 2030: 405,860 · +3.6%
• By 2040: 429,386 · +9.6%
• By 2050: 452,016 · +15.3%
• By 2075: 508,825 · +29.8%
• By 2100: 531,208 · +35.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (84%)
• Race & ethnicity: White 84% Two or more races 8% Hispanic / Latino 8%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Lithuanian 4% Portuguese 2% Italian 2%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 4%

Political lean MEDSL · Lane

• 2024 margin: Strong D (+23.1) · D 60.0% · R 36.9% · Other 3.1%
• 2008→2024 swing: -4.3pp toward R · 2008: 27.4pp · 2024: 23.1pp
• All cycles: 2024: D+23.1 2020: D+24.3 2016: D+18.9 2012: D+23.4 2008: D+27.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -151.05%
• Current HPI: 281.1105
• 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

+51.2% since first listed

6 events — show timeline

• 2026-04-17 Listed $189,000 RMLS
• 2019-11-13 Sold (MLS) $100,000 RMLS
• 2019-10-14 Pending — RMLS
• 2019-09-17 Price Changed $115,000 RMLS
• 2019-08-20 Price Changed $119,000 RMLS
• 2019-07-20 Listed $125,000 RMLS

Property tax history

+3.2%/yr

Latest (2025): $991 · +3.6% YoY. Source: county tax records.