18830 Highway 99e #41 · West Linn, OR 97045

$57,000

2 bd · 1.0 ba · 696 sqft · Other · 337 Days on market

Built 1965 $82/sqft · 17% above area Est $49k · 17% over ↓ 8% since listing

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +4.2/5.0
• Rent growth +2.8/5.0
• Schools +2.7/10.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Come see the potential! Situated just off the Willamette River, minutes from downtown Oregon City, and a short drive to Oregon's wine country, this home has lots of character. Built in storage in bedrooms. Large storage built on. Lovely park with views of the Willamette River. Space 41 Park rent is $890 monthly, which covers water, sewer and garbage

Key facts

• Built in storage
• Large storage
• Garage

Tags

• BUILT IN STORAGE
• LARGE STORAGE

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath other listed at $57k.

Deal economics

• At list price, monthly cash flow is $943 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $57k).
• Recommended offer: $50k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 85/100 on livability (#20 in OR, #462 nationally) — a professional / high-income tenant draw. Strengths: schools A+, crime A+, commute A+; Watch: amenities C-, cost of living F.
• Oregon City SD 62 (suburban): math 18% / reading 40% proficiency, ranked #40 of 58 in OR (top 69%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: Rents rising (+1.1%/yr); 408 active listings in the ZIP; solid renter incomes; 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 $394 of loan paydown is wiped out by about $2k 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 + 1.1% rent growth), your $16k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 337 days — a 12% lower offer ($50k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $5k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: major flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $50,160 (12.0% below list)

Questions for the listing agent

1. It's been on market 337 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1965 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. Schools are A-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?
6. 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.
7. 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.
8. 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: 2.97% ✓
• Cap rate: 26.15%
• Cash-on-cash: 70.92%
• DSCR: 4.16
• GRM: 2.8

CMA / ARV

• ARV (median comp): $48,885
• List price: $57,000
• Delta: 16.60%
• Verdict: OVERPRICED
• Comps: 5 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 1.12% rent growth · sell at horizon

5-year hold

• IRR: 68.4%
• Equity multiple: 3.99×
• Total profit: $47,721
• Equity at exit: $8,499

10-year hold

• IRR: 71.9%
• Equity multiple: 7.68×
• Total profit: $106,595
• Equity at exit: $4,928

Cash invested: $15,960 (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 97045

• Rents YoY: 1.1%
• Active inventory: 408
• Price-to-rent: 2.8×

Monthly cashflow live

• Estimated rent: $1,693 medium
• Mortgage (P&I): −$299
• Tax est. 1.5%: −$71 /mo · $855/yr
• Insurance: −$24
• HOA: −$0
• Vacancy / Maint / Mgmt: −$355
• Net cashflow: $943

Break-even live

Break-even rent $499

Max offer price $57,000

Occupancy floor 39%

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: $14,250
• Closing costs: $1,710
• Reserves months: —
• Total cash needed: —

Listing history 14 events

1. 2026-06-10
   status $57,000 Pending 337 DOM
2. 2026-06-09
   days on market $57,000 Active 337 DOM
3. 2026-06-08
   days on market $57,000 Active 336 DOM
4. 2026-06-07
   days on market $57,000 Active 335 DOM
5. 2026-06-03
   days on market $57,000 Active 331 DOM
6. 2026-06-02
   days on market $57,000 Active 330 DOM
7. 2026-06-01
   days on market $57,000 Active 329 DOM
8. 2026-05-31
   days on market $57,000 Active 328 DOM
9. 2026-01-29
   status Active 354-char remark

   Show marketing remark (354 chars)

   Come see the potential! Situated just off the Willamette River, minutes from downtown Oregon City, and a short drive to Oregon's wine country, this home has lots of character. Built in storage in bedrooms. Large storage built on. Lovely park with views of the Willamette River. Space 41 Park rent is $890 monthly, which covers water, sewer and garbage

10. 2026-01-12
    historical Active with Bumpable Contingency 354-char remark

    Show marketing remark (354 chars)

    Come see the potential! Situated just off the Willamette River, minutes from downtown Oregon City, and a short drive to Oregon's wine country, this home has lots of character. Built in storage in bedrooms. Large storage built on. Lovely park with views of the Willamette River. Space 41 Park rent is $890 monthly, which covers water, sewer and garbage

11. 2025-09-11
    price $57,000 354-char remark

    Show marketing remark (354 chars)

    Come see the potential! Situated just off the Willamette River, minutes from downtown Oregon City, and a short drive to Oregon's wine country, this home has lots of character. Built in storage in bedrooms. Large storage built on. Lovely park with views of the Willamette River. Space 41 Park rent is $890 monthly, which covers water, sewer and garbage

12. 2025-09-09
    price $62,000 354-char remark

    Show marketing remark (354 chars)

    Come see the potential! Situated just off the Willamette River, minutes from downtown Oregon City, and a short drive to Oregon's wine country, this home has lots of character. Built in storage in bedrooms. Large storage built on. Lovely park with views of the Willamette River. Space 41 Park rent is $890 monthly, which covers water, sewer and garbage

13. 2025-09-09
    price $57,000 354-char remark

    Show marketing remark (354 chars)

    Come see the potential! Situated just off the Willamette River, minutes from downtown Oregon City, and a short drive to Oregon's wine country, this home has lots of character. Built in storage in bedrooms. Large storage built on. Lovely park with views of the Willamette River. Space 41 Park rent is $890 monthly, which covers water, sewer and garbage

14. 2025-07-02
    listed $62,000 Active 354-char remark

    Show marketing remark (354 chars)

    Come see the potential! Situated just off the Willamette River, minutes from downtown Oregon City, and a short drive to Oregon's wine country, this home has lots of character. Built in storage in bedrooms. Large storage built on. Lovely park with views of the Willamette River. Space 41 Park rent is $890 monthly, which covers water, sewer and garbage

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 27% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥93°F today · 15 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 9/10 Extreme 13 unhealthy d/yr today · 16 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,311
• − Mortgage interest: −$3,193
• − Property taxes: −$855
• − Insurance: −$285
• − Repairs & maintenance: −$1,625
• − Management: −$1,625
• − Depreciation: −$1,658
• Taxable income: $11,070
• Est. tax owed @ 24.0%: −$2,657
• After-tax cash flow: $8,662/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 City SD 62
• NCES district ID: 4109330
• Math proficiency: 18% ▼ -21.00%
• Reading proficiency: 40% ▼ -18.00%
• Median HH income: $64,272
• Composite: 26.65/100
• National rank: #7169
• State rank: #40 of 58 in OR

Livability — West Linn

• Score: 85/100
• State rank: #20
• US rank: #462

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Clackamas County · 361,406 people
• City population: 30,161
• Metro: Portland-Vancouver-Hillsboro, OR-WA
• Population (ZIP): 57,526
• Household income: $103,573
• Rent vs Own: 25.2% rent · 74.8% own
• Severe rent burden: 1045.0

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 (85%)
• Race & ethnicity: White 85% Two or more races 8% Hispanic / Latino 6% Asian 1% Black 1%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Portuguese 4% Italian 3% Slovak 3%
• Foreign-born: 5% · Canada
• Languages at home: 91% English-only · Spanish 4% Russian/Polish/Slavic 2% Other Indo-European 1%

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: ▼ -624.55%
• Current HPI: 301.9661
• Rent YoY: ▲ 1.12%
• 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

-8.1% since first listed

6 events — show timeline

• 2026-01-29 Relisted — RMLS
• 2026-01-12 Contingent — RMLS
• 2025-09-11 Price Changed $57,000 RMLS
• 2025-09-09 Price Changed $62,000 RMLS
• 2025-09-09 Price Changed $57,000 RMLS
• 2025-07-02 Listed $62,000 RMLS

Property tax history

+5.8%/yr

Latest (2018): $69 · +14.3% YoY. Source: county tax records.