63615 Centennial Rd · Bunker Hill, OR 97420

$289,000

2 bd · 2.0 ba · 1,296 sqft · SingleFamily public records · 8 Days on market

Built 1990 3,049 sqft lot Est $251k · 15% over $25/mo HOA · 1% of rent

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Why this score? — see what drove the F 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 +7.9/30.0
• Rent growth +4.7/5.0
• Livability +3.4/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0
• DSCR +2.0/10.0
• 1% rule +1.4/10.0
• ARV discount +0.8/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

This is your opportunity to purchase an affordable, conveniently located, nicely updated home! Since purchasing in 2021, the seller has painted the interior and front door, and completely fenced the property. Additional updated features include Quartz Countertops, Subway Tile Backsplash, New Blinds and Walk In Shower in Master Bath. Appliances are included, even the washer and dryer! The Covered Rear Deck, accessed through Pella Sliding Door, offers a very Private Seating Area where you can enjoy the Yard and Commons Green Area behind the home, a perfect spot for your morning cup of coffee or an evening glass of wine. Outside you'll find motion activated Security Lights, a Tool Shed, Fruit Trees, and Lavender. HOA Dues only $25 / month. Nice quiet neighborhood with easy access to Hwy 101 for shopping, restaurants and all that the beautiful Oregon Coast offers.

Key facts

• Pantry
• Quartz countertops
• Thoughtful updates

Tags

• DOUBLE-WIDE MANUFACTURED HOME
• THOUGHTFUL UPDATES
• VAULTED LIVING SPACE
• WELL-APPOINTED KITCHEN
• QUARTZ COUNTERTOPS
• PANTRY

Property features AI

Finance

• Other: Lot roughly 100 x 50 (approx. 3,049 sq ft / ~0.07 acres); Zoning: UR-M; Not a senior community; No land lease
• HOA & community: Ivy Hills Mobile Estates association; Monthly association fee $25; Association provides road maintenance

Exterior

• Parking: Driveway parking; On-street parking
• Utilities: Public water; Public sewer; Electric service
• Home design: Manufactured home on real property; Updated/remodeled condition; Single-level/main floor living; Territorial and trees/woods views; Year built 1990
• Construction: Composition roof; Skirting foundation (manufactured home)
• Exterior features: Covered deck and deck; Porch and yard; Fenced yard; T-111 siding; Paved road access; Level lot; Commons area and road maintenance agreement

Interior

• Kitchen: Quartz countertops; Pantry; Dishwasher; Microwave; Free-standing range; Free-standing refrigerator
• Bedrooms: Primary bedroom on main with walk-in closet and walk-in shower; Second bedroom on main with sliding doors to deck and closet; Third bedroom on main with closet
• Flooring: Engineered hardwood
• Bathrooms: Two full bathrooms (both on the main level)
• Heating & cooling: Forced air heating; No central cooling
• Interior features: Engineered hardwood floors; Vaulted ceilings; Laundry area; Washer and dryer included; Double pane windows with vinyl frames; Crawl space foundation/skirting; Accessible features (minimal steps, one level, utility room on main)
• Laundry & utility: Main-level laundry with washer and dryer; Electric hot water

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $289k.

Deal economics

• At list price, monthly cash flow is $-307 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $235k (18.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $186k (35.7% below list).
• Recommended offer: $186k (35.7% below list) — sets the bar for 1% rule.
• Cap rate 5.0% vs local median 3.4% in Bunker Hill — 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 67/100 on livability (#171 in OR) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A-; Watch: health & safety C-, amenities F, commute F.
• Coos Bay SD 9 (town): math 22% / reading 39% proficiency, ranked #45 of 58 in OR (top 78%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Eastside School (315 students, 50% FRL); Marshfield Junior High (math 22% / reading 47%, grade F, #61 of 128 statewide, top 54%, 436 students, 41% FRL); Marshfield Senior High School (math 17% / reading 54%, grade F, #89 of 143 statewide, top 62%, 835 students, 31% FRL).
• Market conditions: Rents rising fast (+8.7%/yr); 342 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 122 units permitted in Coos County in 2024 (16 in 5+ unit buildings).
• This rent runs 36% of the median local income ($62k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k of value loss. Plan a longer hold.
• Coos County population projected to shrink 9% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 11y 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.

Recommended offer $185,844 (35.7% 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. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
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: 0.64% ✗
• Cap rate: 5.02%
• Cash-on-cash: -4.55%
• DSCR: 0.80
• GRM: 13.0

CMA / ARV

• ARV (on-the-fly): $251,424
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
63696 Harriet Rd	0.31mi	3/2.0 (+1)	1,280 (-1%)	3mo	$300,000	$234	76
93588 Bay Park Ln	0.25mi	3/2.0 (+1)	1,335 (+3%)	22mo	$200,000	$150	60
63459 Council Rd	0.50mi	3/2.0 (+1)	1,260 (-3%)	10mo	$290,000	$230	59
93550 Mccullum Ln	0.30mi	2/1.0	1,152 (-11%)	12mo	$224,000	$194	53
63394 Railroad Rd	0.65mi	2/1.0	1,188 (-8%)	3mo	$84,000	$71	50
63764 Mullen Rd	0.32mi	3/1.0 (+1)	1,188 (-8%)	21mo	$100,000	$84	44

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -19.3%
• Equity multiple: 0.30×
• Total profit: $-56,670
• Equity at exit: $43,091

10-year hold

• IRR: -4.8%
• Equity multiple: 0.63×
• Total profit: $-30,264
• Equity at exit: $24,987

Cash invested: $80,920 (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 97420

• Rents YoY: 8.7%
• Active inventory: 342
• Price-to-rent: 13.0×

Monthly cashflow live

• Estimated rent: $1,858 medium
• Mortgage (P&I): −$1,516
• Tax from tax record: −$114 /mo · $1,370/yr
• Insurance: −$120
• HOA: −$25
• Vacancy / Maint / Mgmt: −$390
• Net cashflow: $-307

Break-even live

Break-even rent $2,247

Max offer price $234,767

Occupancy floor —

Sensitivity live

Price	-10% $-143	-5% $-225	+0% $-307	+5% $-389	+10% $-471
Rent	-10% $-454	-5% $-380	+0% $-307	+5% $-234	+10% $-160
Rate	-1.0pp $-161	-0.5pp $-233	base $-307	+0.5pp $-382	+1.0pp $-458

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: $72,250
• Closing costs: $8,670
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1398 Oregon Ave Coos Bay, OR	3.0	2.0	1600	$6,000	$3.75	44d	1	1.36mi

HOA detail

• Monthly dues: $25 · $300/yr
• Likely covers: security

Listing history 8 events

1. 2026-06-19
   days on market $289,000 Active 8 DOM
2. 2026-06-18
   days on market $289,000 Active 7 DOM
3. 2026-06-17
   days on market $289,000 Active 6 DOM
4. 2026-06-16
   days on market $289,000 Active 5 DOM
5. 2026-06-15
   days on market $289,000 Active 4 DOM
6. 2026-06-14
   days on market $289,000 Active 2 DOM
7. 2026-06-12
   remarks 693-char remark
8. 2026-06-12
   listed $289,000 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: $1,370 · $114/mo
• Projected year-2 tax: $2,803 · $234/mo
• Expected delta: +$1,433/yr (+$119/mo · 104.6%)

ⓘ 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 1/10 Low
• 🌡 Heat 1/10 Low 7 d/yr ≥78°F today · 21 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: $22,301
• − Mortgage interest: −$16,188
• − Property taxes: −$1,370
• − Insurance: −$1,445
• − Repairs & maintenance: −$1,784
• − Management: −$1,784
• − HOA: −$300
• − Depreciation: −$8,407
• Taxable loss: −$8,978
• Est. tax savings @ 24.0%: +$2,155
• After-tax cash flow: $-1,529/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: Coos Bay SD 9
• NCES district ID: 4103660
• Math proficiency: 22% ▼ -6.00%
• Reading proficiency: 39% ▼ -4.00%
• Median HH income: $38,630
• Composite: 25.46/100
• National rank: #7450
• State rank: #45 of 58 in OR

Livability — Bunker Hill

• Score: 67/100
• State rank: #171
• US rank: #10322

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bunker Hill, OR
• County: Coos County · 27,621 people
• Metro: Coos Bay, OR
• Population (ZIP): 27,621
• Household income: $61,574
• Rent vs Own: 32.7% rent · 67.3% own
• Severe rent burden: 799.0

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 (81%)
• Race & ethnicity: White 81% Hispanic / Latino 10% Two or more races 8% Native American 2% Asian 1%
• Hispanic origin (detail): Mexican 7%
• Common ancestry: Italian 5% Slovak 3% Lithuanian 3%
• Foreign-born: 5% · Canada, Vietnam
• Languages at home: 92% English-only · Spanish 6%

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: ▼ -315.58%
• Current HPI: 198.3249
• Rent YoY: ▲ 8.65%
• Metro: Coos Bay, OR
• 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

+950.9% since first listed

13 events — show timeline

• 2026-06-11 Listed $289,000 RMLS
• 2024-04-30 Sold (MLS) $298,000 RMLS
• 2024-03-25 Pending — RMLS
• 2024-03-15 Listed $288,000 RMLS
• 2021-09-30 Sold (Public Records) $230,000 Public Records
• 2021-09-30 Sold (MLS) $230,000 RMLS
• 2021-08-21 Pending — RMLS
• 2021-08-06 Listed $199,000 RMLS
• 2015-07-13 Sold (Public Records) $72,000 Public Records
• 2015-07-13 Sold (MLS) $72,000 RMLS
• 2015-06-24 Pending — RMLS
• 2015-05-27 Listed $79,900 RMLS
• 1999-08-09 Sold (Public Records) $27,500 Public Records

Property tax history

+12.1%/yr

Latest (2025): $1,370 · +1.9% YoY. Source: county tax records.