67623 E Bay Rd · Glasgow, OR 97459

$310,000

2 bd · 1.0 ba · 1,029 sqft · SingleFamily public records · 73 Days on market

Built 1976 0.25 ac lot $301/sqft · 22% below area Est $395k · 22% under

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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).

• ARV discount +15.0/15.0
• Appreciation +10.0/10.0
• Cash flow +4.8/30.0
• Schools +3.3/10.0
• Livability +3.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +0.0/10.0
• DSCR +0.0/10.0

Listing remarks MLS

Desirable Glasgow - this ranch-style home offers a comfortable setting with room to make it your own. With two bedrooms on the main level, plus a spacious bonus area above the former garage (now shop space) that could serve as a third bedroom, office, or hobby room, there’s flexibility to fit a variety of needs.The home has a more original feel throughout, presenting an opportunity for updates and personalization over time. A bath and a half layout adds convenience, while the overall footprint provides a solid foundation to build upon.Situated on a generous 100’ x 115’ lot, the outdoor space is a standout feature. The large back patio creates a natural place to unwind, entertain, or simply enjoy a quiet afternoon. There’s plenty of room for gardening, projects, or additional improvements.Located just minutes from town for everyday convenience, yet only a short drive to the Oregon Dunes for recreation and adventure, this property offers a balance of accessibility and lifestyle that’s hard to beat.

Key facts

• Generous lot
• Large back patio
• Ranch-style home

Tags

• RANCH-STYLE HOME
• SPACIOUS BONUS AREA
• LARGE BACK PATIO
• GENEROUS LOT

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $310k.

Deal economics

• At list price, monthly cash flow is $-760 ($-9k/yr) — negative.
• To cash-flow at today's rent, offer at most $176k (43.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $145k (53.4% below list).
• Recommended offer: $145k (53.4% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 59/100 on livability (#301 in OR) — a working-class tenant base; expect higher turnover. Strengths: employment A+, housing A; Watch: health & safety C-, cost of living D, amenities F.
• North Bend SD 13 (town): math 30% / reading 47% proficiency, ranked #21 of 58 in OR (top 36%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: North Bend Middle School (math 24% / reading 45%, grade F, #61 of 128 statewide, top 54%, 494 students, 68% FRL); North Bend Senior High School (math 75% / reading 75%, grade A-, #2 of 143 statewide, top 6%, 731 students, 30% FRL).
• Zoned-school proficiency averages 55% at this address vs 38% district-wide (+16 pts) — the actual schools serving this property are materially stronger than the North Bend SD 13 average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: 170 active listings in the ZIP; 122 units permitted in Coos County in 2024 (16 in 5+ unit buildings).

Forward outlook

• In year one you build about $33k of equity ($2k loan paydown + $31k appreciation (10.0% local appreciation)).
• Coos County population projected to shrink 9% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• By year 2, paydown + projected appreciation supports a ~$53k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 73 days — a 6% lower offer ($291k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 19y 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 $265k; 17% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Recommended offer $144,556 (53.4% 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 73 days. Have you received any prior offers? Is the seller open to a 53% concession, seller financing, or rate buy-down credit?
3. Built in 1976 — 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: 0.47% ✗
• Cap rate: 3.35%
• Cash-on-cash: -10.51%
• DSCR: 0.53
• GRM: 17.9

CMA / ARV

• ARV (median comp): $395,150
• List price: $310,000
• Delta: -21.55%
• Verdict: UNDERPRICED
• Comps: 4 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
67679 E Bay Rd	0.11mi	2/1.0	1,042 (+1%)	16mo	$425,000	$408	80

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: 16.9%
• Equity multiple: 2.39×
• Total profit: $120,305
• Equity at exit: $279,273

10-year hold

• IRR: 16.0%
• Equity multiple: 5.52×
• Total profit: $392,092
• Equity at exit: $602,262

Cash invested: $86,800 (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 97459

• Home prices YoY: 1.6%
• Active inventory: 170
• Price-to-rent: 17.9×

Monthly cashflow live

• Estimated rent: $1,446 medium
• Mortgage (P&I): −$1,626
• Tax from tax record: −$147 /mo · $1,766/yr
• Insurance: −$129
• HOA: −$0
• Vacancy / Maint / Mgmt: −$304
• Net cashflow: $-760

Break-even live

Break-even rent $2,408

Max offer price $175,747

Occupancy floor —

Sensitivity live

Price	-10% $-584	-5% $-672	+0% $-760	+5% $-848	+10% $-935
Rent	-10% $-874	-5% $-817	+0% $-760	+5% $-703	+10% $-646
Rate	-1.0pp $-604	-0.5pp $-681	base $-760	+0.5pp $-840	+1.0pp $-922

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: $77,500
• Closing costs: $9,300
• Reserves months: —
• Total cash needed: —

Listing history 25 events

1. 2026-06-15
   days on market $310,000 Active 73 DOM
2. 2026-06-14
   days on market $310,000 Active 71 DOM
3. 2026-06-12
   days on market $310,000 Active 70 DOM
4. 2026-06-09
   days on market $310,000 Active 67 DOM
5. 2026-06-08
   days on market $310,000 Active 66 DOM
6. 2026-06-07
   days on market $310,000 Active 65 DOM
7. 2026-06-05
   days on market $310,000 Active 62 DOM
8. 2026-06-03
   days on market $310,000 Active 61 DOM
9. 2026-06-02
   days on market $310,000 Active 60 DOM
10. 2026-06-01
    days on market $310,000 Active 59 DOM
11. 2026-05-31
    days on market $310,000 Active 58 DOM
12. 2026-05-30
    days on market $310,000 Active 57 DOM
13. 2026-04-16
    price $310,000 1041-char remark

    Show marketing remark (1041 chars)

    Desirable Glasgow - this ranch-style home offers a comfortable setting with room to make it your own. With two bedrooms on the main level, plus a spacious bonus area above the former garage (now shop space) that could serve as a third bedroom, office, or hobby room, there’s flexibility to fit a variety of needs.The home has a more original feel throughout, presenting an opportunity for updates and personalization over time. A bath and a half layout adds convenience, while the overall footprint provides a solid foundation to build upon.Situated on a generous 100’ x 115’ lot, the outdoor space is a standout feature. The large back patio creates a natural place to unwind, entertain, or simply enjoy a quiet afternoon. There’s plenty of room for gardening, projects, or additional improvements.Located just minutes from town for everyday convenience, yet only a short drive to the Oregon Dunes for recreation and adventure, this property offers a balance of accessibility and lifestyle that’s hard to beat.

14. 2026-04-03
    listed $319,000 Active 1041-char remark

    Show marketing remark (1041 chars)

    Desirable Glasgow - this ranch-style home offers a comfortable setting with room to make it your own. With two bedrooms on the main level, plus a spacious bonus area above the former garage (now shop space) that could serve as a third bedroom, office, or hobby room, there’s flexibility to fit a variety of needs.The home has a more original feel throughout, presenting an opportunity for updates and personalization over time. A bath and a half layout adds convenience, while the overall footprint provides a solid foundation to build upon.Situated on a generous 100’ x 115’ lot, the outdoor space is a standout feature. The large back patio creates a natural place to unwind, entertain, or simply enjoy a quiet afternoon. There’s plenty of room for gardening, projects, or additional improvements.Located just minutes from town for everyday convenience, yet only a short drive to the Oregon Dunes for recreation and adventure, this property offers a balance of accessibility and lifestyle that’s hard to beat.

15. 2023-11-29
    soldstatus $265,000
16. 2012-10-05
    soldstatus $175,000 Sold 269-char remark

    Show marketing remark (269 chars)

    Bay View Glasgow Area home. Dated ,but in very nice condition.Two bedrooms, Plus a Studio or third bedroom,Familyroom that was a garage,1 1/2 baths,Large Patio,Lots of lawn all on a 100 X 115 Bay View Lot in the "Summer wind free" GLASGOWThis is a great buy !

17. 2012-08-10
    soldstatus $175,000
18. 2012-07-31
    status Pending 269-char remark

    Show marketing remark (269 chars)

    Bay View Glasgow Area home. Dated ,but in very nice condition.Two bedrooms, Plus a Studio or third bedroom,Familyroom that was a garage,1 1/2 baths,Large Patio,Lots of lawn all on a 100 X 115 Bay View Lot in the "Summer wind free" GLASGOWThis is a great buy !

19. 2012-06-27
    listed $183,000 Active 269-char remark

    Show marketing remark (269 chars)

    Bay View Glasgow Area home. Dated ,but in very nice condition.Two bedrooms, Plus a Studio or third bedroom,Familyroom that was a garage,1 1/2 baths,Large Patio,Lots of lawn all on a 100 X 115 Bay View Lot in the "Summer wind free" GLASGOWThis is a great buy !

20. 2007-05-22
    soldstatus $257,278
21. 2007-05-22
    soldstatus $257,278
22. 2007-04-28
    historical
23. 2007-04-09
    listed $260,000
24. 2004-12-30
    soldstatus $140,000
25. 2004-12-30
    soldstatus $143,372

ⓘ 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: $1,766 · $147/mo
• Projected year-2 tax: $3,007 · $251/mo
• Expected delta: +$1,241/yr (+$103/mo · 70.3%)

ⓘ 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 7 d/yr ≥78°F today · 18 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: $17,347
• − Mortgage interest: −$17,365
• − Property taxes: −$1,766
• − Insurance: −$1,550
• − Repairs & maintenance: −$1,388
• − Management: −$1,388
• − Depreciation: −$9,018
• Taxable loss: −$15,127
• Est. tax savings @ 24.0%: +$3,631
• After-tax cash flow: $-5,489/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: North Bend SD 13
• NCES district ID: 4108820
• Math proficiency: 30% ▼ -3.00%
• Reading proficiency: 47% ▼ -6.00%
• Median HH income: $43,614
• Composite: 32.57/100
• National rank: #5681
• State rank: #21 of 58 in OR

Livability — Glasgow

• Score: 59/100
• State rank: #301
• US rank: #20342

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Glasgow, OR
• Population (ZIP): 15,328

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 (82%)
• Race & ethnicity: White 82% Two or more races 10% Hispanic / Latino 7% Asian 3% Native American 2%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Italian 7% Portuguese 4% Lithuanian 3%
• Foreign-born: 5% · Canada, China, Philippines
• Languages at home: 94% English-only · Spanish 2% Chinese 1% Other Asian/Pacific 1%

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: ▲ 14.02%
• Current HPI: 887.7
• 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

+121.4% since first listed

13 events — show timeline

• 2026-04-16 Price Changed $310,000 RMLS
• 2026-04-03 Listed $319,000 RMLS
• 2023-11-29 Sold (Public Records) $265,000 Public Records
• 2012-10-05 Sold (MLS) $175,000 RMLS
• 2012-08-10 Sold (Public Records) $175,000 Public Records
• 2012-07-31 Pending — RMLS
• 2012-06-27 Listed $183,000 RMLS
• 2007-05-22 Sold (Public Records) $257,278 Public Records
• 2007-05-22 Sold (MLS) $257,278 RMLS
• 2007-04-28 Delisted — RMLS
• 2007-04-09 Listed $260,000 RMLS
• 2004-12-30 Sold (Public Records) $143,372 Public Records
• 2004-12-30 Sold (Public Records) $140,000 Public Records

Property tax history

+2.1%/yr

Latest (2025): $1,766 · +1.4% YoY. Source: county tax records.