1202 Bridge Loop · Lafayette, OR 97127

$244,500

3 bd · 2.0 ba · 1,510 sqft · Manufactured · 6 Days on market

Built 2022 Est $373k · 34% under

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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).

• ARV discount +15.0/15.0
• Cash flow +11.9/30.0
• Appreciation +10.0/10.0
• Schools +4.8/10.0
• Livability +3.6/5.0
• DSCR +3.5/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +2.3/10.0

Listing remarks

* * * Open house this weekend 6/13 and 6/14 10-1. * * * Move-In Ready & Priced to Sell! Beautiful 2022 manufactured home with 1,510 sq. ft. of stylish, modern living on leased land. This spacious home features upgraded quartz countertops, an open-concept layout, and includes all appliances refrigerator, washer, and dryer making your move easy and stress-free. Step outside to enjoy the fully fenced yard with attractive landscaping and a cozy picnic area perfect for BBQs, relaxing evenings, or entertaining guests. This home has been well cared for and offers the perfect blend of comfort, convenience, and value. Homes this clean and updated dont last long schedule your showing to

Key facts

• Cozy picnic area
• Fully fenced yard
• Open-concept layout

Tags

• OPEN-CONCEPT LAYOUT
• UPGRADED QUARTZ COUNTERTOPS
• FULLY FENCED YARD
• ATTRACTIVE LANDSCAPING
• COZY PICNIC AREA

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $244k.

Deal economics

• At list price, monthly cash flow is $-64 ($-766/yr) — negative.
• To cash-flow at today's rent, offer at most $233k (4.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $179k (26.6% below list).
• Recommended offer: $179k (26.6% below list) — sets the bar for 1% rule.
• Cap rate 6.0% vs local median 2.2% in Lafayette — 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 71/100 on livability (#118 in OR) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+, crime B; Watch: schools C-, health & safety D+, amenities F.
• Mcminnville SD 40 (town): math 50% / reading 58% proficiency, ranked #20 of 183 in OR (top 11%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 52 active listings in the ZIP; 282 units permitted in Yamhill County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $26k of equity ($2k loan paydown + $24k appreciation (10.0% local appreciation)).
• Yamhill County population projected at +8% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $68k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$42k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.

Recommended offer $179,369 (26.6% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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.
4. 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.
5. 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: 5.98%
• Cash-on-cash: -1.12%
• DSCR: 0.95
• GRM: 11.4

CMA / ARV

• ARV (on-the-fly): $372,970
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
902 N Adams St	0.17mi	3/2.0	1,512 (+0%)	4mo	$398,000	$263	88
196 W 15th St	0.16mi	3/2.0	1,296 (-14%)	4mo	$245,000	$189	66
287 Canyon View Dr	0.31mi	2/2.0 (-1)	1,368 (-9%)	8mo	$199,900	$146	58
290 Canyon View Ln	0.27mi	3/2.0	1,296 (-14%)	10mo	$320,000	$247	56

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 23.5%
• Equity multiple: 2.88×
• Total profit: $128,992
• Equity at exit: $220,265

10-year hold

• IRR: 20.9%
• Equity multiple: 6.59×
• Total profit: $382,858
• Equity at exit: $475,010

Cash invested: $68,460 (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 97127

• Home prices YoY: 2.8%
• Active inventory: 52
• Price-to-rent: 11.4×

Monthly cashflow live

• Estimated rent: $1,794 medium
• Mortgage (P&I): −$1,282
• Tax from tax record: −$97 /mo · $1,162/yr
• Insurance: −$102
• HOA: −$0
• Vacancy / Maint / Mgmt: −$377
• Net cashflow: $-64

Break-even live

Break-even rent $1,875

Max offer price $233,217

Occupancy floor 99%

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: $61,125
• Closing costs: $7,335
• Reserves months: —
• Total cash needed: —

Listing history 6 events

1. 2026-06-18
   days on market $244,500 Active 6 DOM
2. 2026-06-17
   days on market $244,500 Active 5 DOM
3. 2026-06-16
   days on market $244,500 Active 4 DOM
4. 2026-06-15
   days on market $244,500 Active 3 DOM
5. 2026-06-13
   remarks 695-char remark
6. 2026-06-13
   listed $244,500 Active 1 DOM

ⓘ 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: $1,162 · $97/mo
• Projected year-2 tax: $2,372 · $198/mo
• Expected delta: +$1,210/yr (+$101/mo · 104.1%)

ⓘ 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 3/10 Moderate 7 d/yr ≥93°F today · 15 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 8/10 Severe 10 unhealthy d/yr today · 10 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,524
• − Mortgage interest: −$13,696
• − Property taxes: −$1,162
• − Insurance: −$1,222
• − Repairs & maintenance: −$1,722
• − Management: −$1,722
• − Depreciation: −$7,113
• Taxable loss: −$5,113
• Est. tax savings @ 24.0%: +$1,227
• After-tax cash flow: $461/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: Mcminnville SD 40
• NCES district ID: 4108010
• Math proficiency: 50% ▼ -1.00%
• Reading proficiency: 58% ▼ -1.00%
• Median HH income: $47,382
• Composite: 47.69/100
• National rank: #4919
• State rank: #20 of 183 in OR

Livability — Lafayette

• Score: 71/100
• State rank: #118
• US rank: #6912

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lafayette, OR
• City population: 4,428
• Population (ZIP): 4,428

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 (68%)
• Race & ethnicity: White 68% Hispanic / Latino 26% Two or more races 13% Native American 2%
• Hispanic origin (detail): Mexican 24% Puerto Rican 1%
• Common ancestry: Romanian 3% Slovak 2% Lithuanian 2%
• Foreign-born: 10% · Canada
• Languages at home: 79% English-only · Spanish 21%

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: ▲ 10.57%
• Current HPI: 382.6992
• 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

+226.0% since first listed

3 events — show timeline

• 2026-06-12 Listed $244,500 ForSaleByOwner.com
• 1999-07-12 Sold (Public Records) $354,000 Public Records
• 1978-07-02 Sold (Public Records) $75,000 Public Records

Property tax history

+5.1%/yr

Latest (2025): $1,162 · +2.7% YoY. Source: county tax records.