1000 S Mckern Ct #10 · Newberg, OR 97132

$115,000

3 bd · 2.5 ba · 1,296 sqft · Manufactured public records · 159 Days on market

Built 1996 $89/sqft · at area comps Est $116k · at est. ↓ 23% 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 +8.0/15.0
• Livability +3.8/5.0
• Schools +3.4/10.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Opportunity awaits! 3 bedroom home in the desirable Springbrook Estates neighborhood with a fully fenced yard and covered parking. Enjoy cooking in your spacious kitchen that features solid surface counter tops. Don't miss your chance at home ownership for an affordable price.

Key facts

• Siding updated
• Roof updated
• Fully fenced yard

Tags

• FULLY FENCED YARD
• SIDING UPDATED
• ROOF UPDATED

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath manufactured listed at $115k.

Deal economics

• At list price, monthly cash flow is $931 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $115k).
• Recommended offer: $101k (12.0% below list) — sets the bar for market timing.
• Cap rate 16.0% vs local median 2.4% in Newberg — 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 76/100 on livability (#77 in OR, #3,395 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, employment A+, housing A+; Watch: cost of living D, commute F.
• Newberg SD 29J (town): math 30% / reading 45% proficiency, ranked #17 of 58 in OR (top 29%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents flat; 230 active listings in the ZIP; 22 comparable units currently listed for rent nearby; rentals at typical pace (median 16d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 282 units permitted in Yamhill County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $795 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Yamhill County population projected at +8% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 0.6% rent growth), your $32k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 159 days — a 12% lower offer ($101k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 4y ago; this cycle's ask is 5% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Recommended offer $101,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 159 days. Have you received any prior offers? Is the seller open to a 12% 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 B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 1.82% ✓
• Cap rate: 16.01%
• Cash-on-cash: 34.71%
• DSCR: 2.54
• GRM: 4.6

CMA / ARV

• ARV (median comp): $116,217
• List price: $115,000
• Delta: -1.05%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1000 S Mckern Ct #10	0.00mi	3/2.0	1,296 (0%)	0mo	$115,000	$89	98
1000 S Mckern Ct #45	0.00mi	3/2.0	1,404 (+8%)	6mo	$121,000	$86	79
2902 E 2nd St #67	0.34mi	3/2.0	1,344 (+4%)	4mo	$85,000	$63	72
1000 S Mckern Ct #58	0.00mi	3/2.0	1,456 (+12%)	9mo	$139,990	$96	70
2901 E 2nd St #117	0.34mi	3/2.0	1,400 (+8%)	4mo	$123,000	$88	65
2902 E 2nd St #110	0.34mi	3/2.0	1,404 (+8%)	4mo	$85,000	$61	65
2901 E 2nd St #60	0.34mi	3/2.0	1,152 (-11%)	4mo	$95,000	$82	60
2901 E 2nd St #109	0.34mi	2/2.0 (-1)	1,440 (+11%)	1mo	$87,800	$61	58
2902 E 2nd St #98	0.42mi	3/3.0	1,440 (+11%)	3mo	$119,000	$83	58
2902 E 2nd St #95	0.39mi	2/2.0 (-1)	1,200 (-7%)	8mo	$172,000	$143	56
2901 E 2nd St #77	0.34mi	2/2.0 (-1)	1,440 (+11%)	7mo	$95,000	$66	53
2901 E 2nd St #47	0.34mi	2/2.0 (-1)	1,152 (-11%)	9mo	$119,900	$104	51

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 · 0.55% rent growth · sell at horizon

5-year hold

• IRR: 27.5%
• Equity multiple: 2.11×
• Total profit: $35,645
• Equity at exit: $17,147

10-year hold

• IRR: 33.6%
• Equity multiple: 3.72×
• Total profit: $87,718
• Equity at exit: $9,943

Cash invested: $32,200 (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 97132

• Rents YoY: 0.6%
• Active inventory: 230
• Price-to-rent: 4.6×

Monthly cashflow live

• Estimated rent: $2,091 high
• Mortgage (P&I): −$603
• Tax from tax record: −$69 /mo · $830/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$439
• Net cashflow: $931

Break-even live

Break-even rent $912

Max offer price $115,000

Occupancy floor 50%

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: $28,750
• Closing costs: $3,450
• Reserves months: —
• Total cash needed: —

Rent comps 22 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
506 S Corinne Dr Newberg, OR	3.0	2.5	1390	$2,350	$1.69	17d	1	0.58mi
2501 E 2nd St #12 Newberg, OR	2.0	2.0	910	$1,500	$1.65	23d	1	0.63mi
480 S Lair Ln Newberg, OR	3.0	2.5	1345	$2,395	$1.78	2d	1	0.66mi
2203 E Sam Parrett Dr Newberg, OR	3.0	2.5	1386	$2,399	$1.73	23d	1	0.68mi
401 S Everest St Newberg, OR	2.0	1.0	950	$1,625	$1.71	1d	1	0.84mi
1536 E 3rd St Unit 20 Newberg, OR	3.0	1.0	1000	$1,725	$1.73	43d	1	0.90mi
601 Wynooski St Unit 201 Newberg, OR	2.0	2.0	1122	$1,850	$1.65	43d	1	0.91mi
601 Wynooski St Unit 100 Newberg, OR	2.0	2.0	1064	$1,745	$1.64	14d	1	0.92mi
611 Sitka Ave Unit 03 Newberg, OR	2.0	1.5	900	$1,550	$1.72	43d	1	1.04mi
2400 E Haworth Ave Newberg, OR	1.0–3.0	1.0–1.5	1025	$1,850	$1.80	1d	2	1.11mi
1009 N Hulet Ave Newberg, OR	3.0	2.0	1412	$2,250	$1.59	7d	1	1.16mi
1109 S River St Newberg, OR	2.0	2.0	969	$1,812	$1.87	1d	3	1.18mi
1401 N Springbrook Rd Newberg, OR	2.0	1.0	960	$1,550	$1.61	16d	4	1.23mi
1401 N Springbrook Rd Apt 128 Newberg, OR	2.0	1.0	960	$1,500	$1.56	1d	1	1.23mi
2507 Hawthorne Dr Newberg, OR	2.0	1.0	950	$1,700	$1.79	1d	1	1.25mi
1401 N Springbrook Rd Unit 220 Newberg, OR	2.0	1.0	960	$1,600	$1.67	23d	1	1.25mi
905 S College St Unit B Newberg, OR	3.0	1.5	1248	$1,995	$1.60	23d	1	1.32mi
606 E Ninth St Apt 34 Newberg, OR	2.0	1.0	920	$1,550	$1.68	4d	1	1.34mi
606 E 9th St Newberg, OR	2.0	1.0–1.5	920	$1,550	$1.68	20d	2	1.34mi
4001 E Jory St Newberg, OR	1.0–3.0	1.0–2.0	941	$2,440	$2.59	1d	1	1.35mi
4460 E Jory St Unit 114 Newberg, OR	2.0	2.0	909	$1,899	$2.09	10d	1	1.45mi
1909 N Springbrook Rd Newberg, OR	3.0	2.0	1687	$2,550	$1.51	23d	1	1.47mi

Listing history 12 events

1. 2026-05-12
   status Pending 277-char remark

   Show marketing remark (277 chars)

   Opportunity awaits! 3 bedroom home in the desirable Springbrook Estates neighborhood with a fully fenced yard and covered parking. Enjoy cooking in your spacious kitchen that features solid surface counter tops. Don't miss your chance at home ownership for an affordable price.

2. 2026-04-10
   status Active 277-char remark

   Show marketing remark (277 chars)

   Opportunity awaits! 3 bedroom home in the desirable Springbrook Estates neighborhood with a fully fenced yard and covered parking. Enjoy cooking in your spacious kitchen that features solid surface counter tops. Don't miss your chance at home ownership for an affordable price.

3. 2026-03-29
   status Pending 277-char remark

   Show marketing remark (277 chars)

   Opportunity awaits! 3 bedroom home in the desirable Springbrook Estates neighborhood with a fully fenced yard and covered parking. Enjoy cooking in your spacious kitchen that features solid surface counter tops. Don't miss your chance at home ownership for an affordable price.

4. 2026-03-05
   price $115,000 277-char remark

   Show marketing remark (277 chars)

   Opportunity awaits! 3 bedroom home in the desirable Springbrook Estates neighborhood with a fully fenced yard and covered parking. Enjoy cooking in your spacious kitchen that features solid surface counter tops. Don't miss your chance at home ownership for an affordable price.

5. 2026-01-09
   price $125,000 277-char remark

   Show marketing remark (277 chars)

   Opportunity awaits! 3 bedroom home in the desirable Springbrook Estates neighborhood with a fully fenced yard and covered parking. Enjoy cooking in your spacious kitchen that features solid surface counter tops. Don't miss your chance at home ownership for an affordable price.

6. 2026-01-09
   status Active 277-char remark

   Show marketing remark (277 chars)

   Opportunity awaits! 3 bedroom home in the desirable Springbrook Estates neighborhood with a fully fenced yard and covered parking. Enjoy cooking in your spacious kitchen that features solid surface counter tops. Don't miss your chance at home ownership for an affordable price.

7. 2025-09-26
   listed $110,000 Active 277-char remark

   Show marketing remark (277 chars)

   Opportunity awaits! 3 bedroom home in the desirable Springbrook Estates neighborhood with a fully fenced yard and covered parking. Enjoy cooking in your spacious kitchen that features solid surface counter tops. Don't miss your chance at home ownership for an affordable price.

8. 2022-11-19
   historical
9. 2022-11-02
   status Active
10. 2022-10-25
    historical Active under Contract
11. 2022-10-11
    price $144,900
12. 2022-08-12
    listed $149,900 Active

ⓘ 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: $830 · $69/mo
• Projected year-2 tax: $1,116 · $93/mo
• Expected delta: +$286/yr (+$24/mo · 34.4%)

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

Climate risk First Street

• 🌡 Heat 4/10 Moderate
• 🫁 Air quality 9/10 Extreme 11 unhealthy d/yr today · 12 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,088
• − Mortgage interest: −$6,442
• − Property taxes: −$830
• − Insurance: −$575
• − Repairs & maintenance: −$2,007
• − Management: −$2,007
• − Depreciation: −$3,345
• Taxable income: $9,882
• Est. tax owed @ 24.0%: −$2,372
• After-tax cash flow: $8,806/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: Newberg SD 29J
• NCES district ID: 4108720
• Math proficiency: 30% ▼ -13.00%
• Reading proficiency: 45% ▼ -12.00%
• Median HH income: $62,898
• Composite: 33.6/100
• National rank: #5414
• State rank: #17 of 58 in OR

Livability — Newberg

• Score: 76/100
• State rank: #77
• US rank: #3395

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Newberg, OR
• County: Yamhill County · 71,150 people
• City population: 32,486
• Metro: Portland-Vancouver-Hillsboro, OR-WA
• Population (ZIP): 32,486
• Household income: $96,493
• Rent vs Own: 35.8% rent · 64.2% own
• Severe rent burden: 1311.0

Population outlook (Yamhill County) Hauer SSP2

• Today (2025): 109,295 people
• By 2030: 112,060 · +2.5%
• By 2040: 115,975 · +6.1%
• By 2050: 118,155 · +8.1%
• By 2075: 120,968 · +10.7%
• By 2100: 116,163 · +6.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (76%)
• Race & ethnicity: White 76% Hispanic / Latino 14% Two or more races 12% Asian 3%
• Hispanic origin (detail): Mexican 11%
• Common ancestry: Italian 5% Portuguese 3% Slovak 3%
• Foreign-born: 7% · Canada, China
• Languages at home: 89% English-only · Spanish 8% Other Indo-European 1% Other Asian/Pacific 1%

Political lean MEDSL · Yamhill

• 2024 margin: Lean R (+6.1) · D 45.3% · R 51.4% · Other 3.3%
• 2008→2024 swing: -4.8pp toward R · 2008: -1.4pp · 2024: -6.1pp
• All cycles: 2024: R+6.1 2020: R+4.0 2016: R+8.8 2012: R+6.7 2008: R+1.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -265.11%
• Current HPI: 320.8972
• Rent YoY: ▲ 0.55%
• Metro: Portland-Vancouver-Hillsboro, OR-WA
• 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

-23.3% since first listed

12 events — show timeline

• 2026-05-12 Pending — RMLS
• 2026-04-10 Relisted — RMLS
• 2026-03-29 Pending — RMLS
• 2026-03-05 Price Changed $115,000 RMLS
• 2026-01-09 Price Changed $125,000 RMLS
• 2026-01-09 Relisted — RMLS
• 2025-09-26 Listed $110,000 RMLS
• 2022-11-19 Listing Removed — WVMLS
• 2022-11-02 Relisted — WVMLS
• 2022-10-25 Contingent — WVMLS
• 2022-10-11 Price Changed $144,900 WVMLS
• 2022-08-12 Listed $149,900 WVMLS

Property tax history

+1.3%/yr

Latest (2025): $830 · +4.0% YoY. Source: county tax records.