2655 NW Highland Dr #39 · Corvallis, OR 97330

$74,900

2 bd · 2.0 ba · 924 sqft · Manufactured public records · 61 Days on market

Built 1988 $81/sqft · 9% below area Est $82k · 9% under

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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
• ARV discount +11.6/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +4.9/10.0
• Livability +4.1/5.0
• Rent growth +3.9/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

55+ Corvallis living with lots of updates. This split-bedroom singlewide offers a functional layout with open living space and a pass-through kitchen. Roof and HVAC new in 2016, plus newer plumbing fixtures provide a solid base to grow. Fresh exterior paint in 2025 adds curb appeal, step inside to new LVP flooring, dishwasher and range in 2026. With a little paint you can transform this house into a home that fits your vision. Patio and mature landscaping make the setting a rare find for an in park home. Bring your paintbrush and you'll be able to tailor the feel of this great home to exactly what you been looking for with minimal effort. Primarily the kitchen and utility room need paint, while the rest of the home is blank slate awaiting your ideas for color and decorating. The layout is practical and easy to navigate. The living area opens to the kitchen through a convenient pass-through, creating connection between spaces while still offering defined rooms. The split-bedroom design allows separation between the primary bedroom and the secondary bedroom, with a bath for each, giving flexibility for guests, hobbies, or a home office. Natural light filters in through dual pane windows, and the heat pump provides efficient heating and cooling year-round.The kitchen offers ample cabinetry and workspace, along with newer plumbing fixtures at the sink. Paint will make a noticeable difference, the home’s structure and major systems have already been addressed—roof and HVAC both replaced in 2016—allowing you to focus on a few cosmetic improvements rather than big-ticket items.Outside, the freshly painted exterior (2025) creates a clean first impression. A huge patio and covered deck provide space to sit out of the rain or enjoy a summer evening, and the carport adds convenient covered parking. The detached storage shed is ideal for tools, gardening supplies, or seasonal items. The yard area offers room for potted plants, flower beds, or simply low-maintenance outdoor living.Located in Corvallis, this property presents a straightforward opportunity for someone willing to invest a little time and vision equity. With solid bones, important updates already complete, and a layout that works, this home is ready for its next chapter.

Key facts

• Huge patio
• Split-bedroom design
• Pass-through kitchen

Tags

• SPLIT-BEDROOM DESIGN
• PASS-THROUGH KITCHEN
• NEWER PLUMBING FIXTURES
• FRESH EXTERIOR PAINT
• HUGE PATIO
• DETACHED STORAGE SHED

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $75k.

Deal economics

• At list price, monthly cash flow is $881 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $75k).
• Recommended offer: $70k (6.0% below list) — sets the bar for market timing.
• Cap rate 20.4% vs local median 2.6% in Corvallis — 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 82/100 on livability (#45 in OR, #1,113 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, health & safety A+; Watch: cost of living F.
• Corvallis SD 509J (urban): math 49% / reading 62% proficiency, ranked #15 of 183 in OR (top 8%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising fast (+5.7%/yr); 229 active listings in the ZIP; 20 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 116 units permitted in Benton County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $518 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Benton County population projected at +23% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 5.7% rent growth), your $21k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 61 days — a 6% lower offer ($70k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 11y ago; this cycle's ask is 50% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $22k; list at $75k implies a 240% gain — meaningful room to come down on a strong offer.

Recommended offer $70,406 (6.0% below list)

Questions for the listing agent

1. It's been on market 61 days. Have you received any prior offers? Is the seller open to a 6% 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 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?
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: 2.28% ✓
• Cap rate: 20.40%
• Cash-on-cash: 50.38%
• DSCR: 3.24
• GRM: 3.7

CMA / ARV

• ARV (median comp): $82,409
• List price: $74,900
• Delta: -9.11%
• Verdict: FAIR
• Comps: 7 within 1.0 mi

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2655 NW Highland Dr #65	0.00mi	2/1.0	816 (-12%)	16mo	$105,000	$129	63
755 NE Circle Blvd	0.58mi	2/1.0	920 (-0%)	8mo	$84,500	$92	62
755 NE Circle Blvd #16	0.58mi	2/1.0	920 (-0%)	8mo	$84,500	$92	62
2655 NW Highland Dr #74	0.00mi	2/2.0	1,056 (+14%)	21mo	$77,000	$73	59
755 NE Circle Blvd #64	0.58mi	2/1.0	800 (-13%)	6mo	$27,000	$34	42

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 · 5.74% rent growth · sell at horizon

5-year hold

• IRR: 51.1%
• Equity multiple: 3.33×
• Total profit: $48,779
• Equity at exit: $11,168

10-year hold

• IRR: 57.5%
• Equity multiple: 7.47×
• Total profit: $135,673
• Equity at exit: $6,476

Cash invested: $20,972 (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 97330

• Rents YoY: 5.7%
• Active inventory: 229
• Price-to-rent: 3.7×

Monthly cashflow live

• Estimated rent: $1,708 high
• Mortgage (P&I): −$393
• Tax from tax record: −$45 /mo · $536/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$359
• Net cashflow: $881

Break-even live

Break-even rent $593

Max offer price $74,900

Occupancy floor 43%

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: $18,725
• Closing costs: $2,247
• Reserves months: —
• Total cash needed: —

Rent comps 20 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2418 NW 9th St Unit 2420 Corvallis, OR	3.0	1.5	1050	$1,895	$1.80	44d	1	0.35mi
958 NW Sycamore Ave Corvallis, OR	1.0	1.0	750	$1,425	$1.90	44d	1	0.36mi
2145 NW Highland Dr Apt 2 Corvallis, OR	2.0	1.5	918	$1,795	$1.96	44d	1	0.38mi
991 NW Circle Blvd Corvallis, OR	2.0	1.0	1020	$1,395	$1.37	44d	1	0.43mi
2380 NW Green Cir Corvallis, OR	3.0	1.0	1062	$2,195	$2.07	44d	1	0.56mi
2380 NW Rolling Green Dr Corvallis, OR	2.0	1.0–1.5	746	$1,845	$2.47	44d	8	0.60mi
960 NW Cleveland Ave #6 Corvallis, OR	1.0	1.0	650	$1,150	$1.77	44d	1	0.64mi
935 NW Hobart Ave Apt 37 Corvallis, OR	2.0	1.5	750	$1,395	$1.86	44d	1	0.66mi
213 NE Conifer Blvd Corvallis, OR	1.0–3.0	1.0–2.5	1020	$1,899	$1.86	44d	7	0.68mi
2675 NE Lancaster St Corvallis, OR	2.0	1.0	846	$1,730	$2.04	44d	17	0.76mi
1635 NW Division St Apt 1 Corvallis, OR	2.0	1.0	773	$1,195	$1.55	44d	1	0.79mi
960 NW Hayes Ave Unit 4 Corvallis, OR	2.0	1.0	700	$1,295	$1.85	44d	1	0.95mi
3312 NE Lancaster St Unit 1 Corvallis, OR	2.0	1.0	750	$1,450	$1.93	44d	1	0.95mi
1445 NW Division St #6 Corvallis, OR	2.0	1.5	900	$1,450	$1.61	44d	1	0.99mi
1955 NW Hayes Ave Corvallis, OR	2.0	1.0	950	$1,550	$1.63	44d	1	1.18mi
1126 NE Conser Pl Corvallis, OR	2.0	2.0	1026	$2,200	$2.14	44d	1	1.24mi
1335 NW Kings Blvd Corvallis, OR	1.0–2.0	1.0	625	$1,695	$2.71	44d	3	1.28mi
1961 NW Grant Ave Unit 1 Corvallis, OR	1.0	1.0	600	$1,395	$2.33	44d	1	1.28mi
1230 NW Kings Blvd Corvallis, OR	2.0	1.0	900	$1,745	$1.94	44d	2	1.34mi
1250 NW 23rd St Apt 14 Corvallis, OR	2.0	1.0	945	$1,750	$1.85	44d	1	1.39mi

Listing history 12 events

1. 2026-04-30
   status Active 2280-char remark

   Show marketing remark (2280 chars)

   55+ Corvallis living with lots of updates. This split-bedroom singlewide offers a functional layout with open living space and a pass-through kitchen. Roof and HVAC new in 2016, plus newer plumbing fixtures provide a solid base to grow. Fresh exterior paint in 2025 adds curb appeal, step inside to new LVP flooring, dishwasher and range in 2026. With a little paint you can transform this house into a home that fits your vision. Patio and mature landscaping make the setting a rare find for an in park home. Bring your paintbrush and you'll be able to tailor the feel of this great home to exactly what you been looking for with minimal effort. Primarily the kitchen and utility room need paint, while the rest of the home is blank slate awaiting your ideas for color and decorating. The layout is practical and easy to navigate. The living area opens to the kitchen through a convenient pass-through, creating connection between spaces while still offering defined rooms. The split-bedroom design allows separation between the primary bedroom and the secondary bedroom, with a bath for each, giving flexibility for guests, hobbies, or a home office. Natural light filters in through dual pane windows, and the heat pump provides efficient heating and cooling year-round.The kitchen offers ample cabinetry and workspace, along with newer plumbing fixtures at the sink. Paint will make a noticeable difference, the home’s structure and major systems have already been addressed—roof and HVAC both replaced in 2016—allowing you to focus on a few cosmetic improvements rather than big-ticket items.Outside, the freshly painted exterior (2025) creates a clean first impression. A huge patio and covered deck provide space to sit out of the rain or enjoy a summer evening, and the carport adds convenient covered parking. The detached storage shed is ideal for tools, gardening supplies, or seasonal items. The yard area offers room for potted plants, flower beds, or simply low-maintenance outdoor living.Located in Corvallis, this property presents a straightforward opportunity for someone willing to invest a little time and vision equity. With solid bones, important updates already complete, and a layout that works, this home is ready for its next chapter.

2. 2026-03-30
   status Pending 2280-char remark

   Show marketing remark (2280 chars)

   55+ Corvallis living with lots of updates. This split-bedroom singlewide offers a functional layout with open living space and a pass-through kitchen. Roof and HVAC new in 2016, plus newer plumbing fixtures provide a solid base to grow. Fresh exterior paint in 2025 adds curb appeal, step inside to new LVP flooring, dishwasher and range in 2026. With a little paint you can transform this house into a home that fits your vision. Patio and mature landscaping make the setting a rare find for an in park home. Bring your paintbrush and you'll be able to tailor the feel of this great home to exactly what you been looking for with minimal effort. Primarily the kitchen and utility room need paint, while the rest of the home is blank slate awaiting your ideas for color and decorating. The layout is practical and easy to navigate. The living area opens to the kitchen through a convenient pass-through, creating connection between spaces while still offering defined rooms. The split-bedroom design allows separation between the primary bedroom and the secondary bedroom, with a bath for each, giving flexibility for guests, hobbies, or a home office. Natural light filters in through dual pane windows, and the heat pump provides efficient heating and cooling year-round.The kitchen offers ample cabinetry and workspace, along with newer plumbing fixtures at the sink. Paint will make a noticeable difference, the home’s structure and major systems have already been addressed—roof and HVAC both replaced in 2016—allowing you to focus on a few cosmetic improvements rather than big-ticket items.Outside, the freshly painted exterior (2025) creates a clean first impression. A huge patio and covered deck provide space to sit out of the rain or enjoy a summer evening, and the carport adds convenient covered parking. The detached storage shed is ideal for tools, gardening supplies, or seasonal items. The yard area offers room for potted plants, flower beds, or simply low-maintenance outdoor living.Located in Corvallis, this property presents a straightforward opportunity for someone willing to invest a little time and vision equity. With solid bones, important updates already complete, and a layout that works, this home is ready for its next chapter.

3. 2026-03-16
   historical Active under Contract 2280-char remark

   Show marketing remark (2280 chars)

   55+ Corvallis living with lots of updates. This split-bedroom singlewide offers a functional layout with open living space and a pass-through kitchen. Roof and HVAC new in 2016, plus newer plumbing fixtures provide a solid base to grow. Fresh exterior paint in 2025 adds curb appeal, step inside to new LVP flooring, dishwasher and range in 2026. With a little paint you can transform this house into a home that fits your vision. Patio and mature landscaping make the setting a rare find for an in park home. Bring your paintbrush and you'll be able to tailor the feel of this great home to exactly what you been looking for with minimal effort. Primarily the kitchen and utility room need paint, while the rest of the home is blank slate awaiting your ideas for color and decorating. The layout is practical and easy to navigate. The living area opens to the kitchen through a convenient pass-through, creating connection between spaces while still offering defined rooms. The split-bedroom design allows separation between the primary bedroom and the secondary bedroom, with a bath for each, giving flexibility for guests, hobbies, or a home office. Natural light filters in through dual pane windows, and the heat pump provides efficient heating and cooling year-round.The kitchen offers ample cabinetry and workspace, along with newer plumbing fixtures at the sink. Paint will make a noticeable difference, the home’s structure and major systems have already been addressed—roof and HVAC both replaced in 2016—allowing you to focus on a few cosmetic improvements rather than big-ticket items.Outside, the freshly painted exterior (2025) creates a clean first impression. A huge patio and covered deck provide space to sit out of the rain or enjoy a summer evening, and the carport adds convenient covered parking. The detached storage shed is ideal for tools, gardening supplies, or seasonal items. The yard area offers room for potted plants, flower beds, or simply low-maintenance outdoor living.Located in Corvallis, this property presents a straightforward opportunity for someone willing to invest a little time and vision equity. With solid bones, important updates already complete, and a layout that works, this home is ready for its next chapter.

4. 2026-03-16
   price $74,900 2280-char remark

   Show marketing remark (2280 chars)

   55+ Corvallis living with lots of updates. This split-bedroom singlewide offers a functional layout with open living space and a pass-through kitchen. Roof and HVAC new in 2016, plus newer plumbing fixtures provide a solid base to grow. Fresh exterior paint in 2025 adds curb appeal, step inside to new LVP flooring, dishwasher and range in 2026. With a little paint you can transform this house into a home that fits your vision. Patio and mature landscaping make the setting a rare find for an in park home. Bring your paintbrush and you'll be able to tailor the feel of this great home to exactly what you been looking for with minimal effort. Primarily the kitchen and utility room need paint, while the rest of the home is blank slate awaiting your ideas for color and decorating. The layout is practical and easy to navigate. The living area opens to the kitchen through a convenient pass-through, creating connection between spaces while still offering defined rooms. The split-bedroom design allows separation between the primary bedroom and the secondary bedroom, with a bath for each, giving flexibility for guests, hobbies, or a home office. Natural light filters in through dual pane windows, and the heat pump provides efficient heating and cooling year-round.The kitchen offers ample cabinetry and workspace, along with newer plumbing fixtures at the sink. Paint will make a noticeable difference, the home’s structure and major systems have already been addressed—roof and HVAC both replaced in 2016—allowing you to focus on a few cosmetic improvements rather than big-ticket items.Outside, the freshly painted exterior (2025) creates a clean first impression. A huge patio and covered deck provide space to sit out of the rain or enjoy a summer evening, and the carport adds convenient covered parking. The detached storage shed is ideal for tools, gardening supplies, or seasonal items. The yard area offers room for potted plants, flower beds, or simply low-maintenance outdoor living.Located in Corvallis, this property presents a straightforward opportunity for someone willing to invest a little time and vision equity. With solid bones, important updates already complete, and a layout that works, this home is ready for its next chapter.

5. 2026-02-24
   listed $49,900 Active 2280-char remark

   Show marketing remark (2280 chars)

   55+ Corvallis living with lots of updates. This split-bedroom singlewide offers a functional layout with open living space and a pass-through kitchen. Roof and HVAC new in 2016, plus newer plumbing fixtures provide a solid base to grow. Fresh exterior paint in 2025 adds curb appeal, step inside to new LVP flooring, dishwasher and range in 2026. With a little paint you can transform this house into a home that fits your vision. Patio and mature landscaping make the setting a rare find for an in park home. Bring your paintbrush and you'll be able to tailor the feel of this great home to exactly what you been looking for with minimal effort. Primarily the kitchen and utility room need paint, while the rest of the home is blank slate awaiting your ideas for color and decorating. The layout is practical and easy to navigate. The living area opens to the kitchen through a convenient pass-through, creating connection between spaces while still offering defined rooms. The split-bedroom design allows separation between the primary bedroom and the secondary bedroom, with a bath for each, giving flexibility for guests, hobbies, or a home office. Natural light filters in through dual pane windows, and the heat pump provides efficient heating and cooling year-round.The kitchen offers ample cabinetry and workspace, along with newer plumbing fixtures at the sink. Paint will make a noticeable difference, the home’s structure and major systems have already been addressed—roof and HVAC both replaced in 2016—allowing you to focus on a few cosmetic improvements rather than big-ticket items.Outside, the freshly painted exterior (2025) creates a clean first impression. A huge patio and covered deck provide space to sit out of the rain or enjoy a summer evening, and the carport adds convenient covered parking. The detached storage shed is ideal for tools, gardening supplies, or seasonal items. The yard area offers room for potted plants, flower beds, or simply low-maintenance outdoor living.Located in Corvallis, this property presents a straightforward opportunity for someone willing to invest a little time and vision equity. With solid bones, important updates already complete, and a layout that works, this home is ready for its next chapter.

6. 2016-04-15
   soldstatus $22,000 Sold 331-char remark

   Show marketing remark (331 chars)

   Don't miss this well maintained home w/split bedrooms/bathrooms - living in the middle set up. Two bedroom, two bathroom. Over $12,500 in upgrades. Hot water heater 2012. Gutter & siding 2013. Heat pump/air handler & roof 2014. The seller took excellent care. Situated in a picture perfect spot. Carport plus extra parking.

7. 2016-04-13
   status Pending 331-char remark

   Show marketing remark (331 chars)

   Don't miss this well maintained home w/split bedrooms/bathrooms - living in the middle set up. Two bedroom, two bathroom. Over $12,500 in upgrades. Hot water heater 2012. Gutter & siding 2013. Heat pump/air handler & roof 2014. The seller took excellent care. Situated in a picture perfect spot. Carport plus extra parking.

8. 2016-04-07
   historical Active under Contract 331-char remark

   Show marketing remark (331 chars)

   Don't miss this well maintained home w/split bedrooms/bathrooms - living in the middle set up. Two bedroom, two bathroom. Over $12,500 in upgrades. Hot water heater 2012. Gutter & siding 2013. Heat pump/air handler & roof 2014. The seller took excellent care. Situated in a picture perfect spot. Carport plus extra parking.

9. 2016-03-02
   status Active 331-char remark

   Show marketing remark (331 chars)

   Don't miss this well maintained home w/split bedrooms/bathrooms - living in the middle set up. Two bedroom, two bathroom. Over $12,500 in upgrades. Hot water heater 2012. Gutter & siding 2013. Heat pump/air handler & roof 2014. The seller took excellent care. Situated in a picture perfect spot. Carport plus extra parking.

10. 2016-03-02
    historical 331-char remark

    Show marketing remark (331 chars)

    Don't miss this well maintained home w/split bedrooms/bathrooms - living in the middle set up. Two bedroom, two bathroom. Over $12,500 in upgrades. Hot water heater 2012. Gutter & siding 2013. Heat pump/air handler & roof 2014. The seller took excellent care. Situated in a picture perfect spot. Carport plus extra parking.

11. 2016-02-04
    price $23,500 331-char remark

    Show marketing remark (331 chars)

    Don't miss this well maintained home w/split bedrooms/bathrooms - living in the middle set up. Two bedroom, two bathroom. Over $12,500 in upgrades. Hot water heater 2012. Gutter & siding 2013. Heat pump/air handler & roof 2014. The seller took excellent care. Situated in a picture perfect spot. Carport plus extra parking.

12. 2015-12-14
    listed $27,720 Active 331-char remark

    Show marketing remark (331 chars)

    Don't miss this well maintained home w/split bedrooms/bathrooms - living in the middle set up. Two bedroom, two bathroom. Over $12,500 in upgrades. Hot water heater 2012. Gutter & siding 2013. Heat pump/air handler & roof 2014. The seller took excellent care. Situated in a picture perfect spot. Carport plus extra parking.

ⓘ 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: $536 · $45/mo
• Projected year-2 tax: $727 · $61/mo
• Expected delta: +$190/yr (+$16/mo · 35.5%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 4/10 Moderate 7 d/yr ≥91°F today · 15 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 9/10 Extreme 10 unhealthy d/yr today · 11 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,495
• − Mortgage interest: −$4,196
• − Property taxes: −$536
• − Insurance: −$374
• − Repairs & maintenance: −$1,640
• − Management: −$1,640
• − Depreciation: −$2,179
• Taxable income: $9,930
• Est. tax owed @ 24.0%: −$2,383
• After-tax cash flow: $8,183/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: Corvallis SD 509J
• NCES district ID: 4103480
• Math proficiency: 49% ▼ -3.00%
• Reading proficiency: 62% ▼ -1.00%
• Median HH income: $44,820
• Composite: 48.62/100
• National rank: #4584
• State rank: #15 of 183 in OR

Livability — Corvallis

• Score: 82/100
• State rank: #45
• US rank: #1113

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Corvallis, OR
• County: Benton County · 98,484 people
• City population: 67,812
• Metro: Corvallis, OR
• Population (ZIP): 43,878
• Household income: $70,742
• Rent vs Own: 48.4% rent · 51.6% own
• Severe rent burden: 3416.0

Population outlook (Benton County) Hauer SSP2

• Today (2025): 96,963 people
• By 2030: 101,658 · +4.8%
• By 2040: 110,157 · +13.6%
• By 2050: 119,275 · +23.0%
• By 2075: 145,172 · +49.7%
• By 2100: 165,349 · +70.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (75%)
• Race & ethnicity: White 75% Hispanic / Latino 9% Asian 9% Two or more races 7% Black 2%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Italian 4% Portuguese 4% Slovak 3%
• Foreign-born: 13% · Canada, China, South Korea
• Languages at home: 84% English-only · Spanish 6% Chinese 3% Korean 2%

Political lean MEDSL · Benton

• 2024 margin: Solid D (+39.6) · D 68.1% · R 28.5% · Other 3.5%
• 2008→2024 swing: +8.1pp toward D · 2008: 31.5pp · 2024: 39.6pp
• All cycles: 2024: D+39.6 2020: D+39.7 2016: D+33.8 2012: D+28.8 2008: D+31.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -420.12%
• Current HPI: 298.7746
• Rent YoY: ▲ 5.74%
• Metro: Corvallis, 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

+170.2% since first listed

12 events — show timeline

• 2026-04-30 Relisted — WVMLS
• 2026-03-30 Pending — WVMLS
• 2026-03-16 Contingent — WVMLS
• 2026-03-16 Price Changed $74,900 WVMLS
• 2026-02-24 Listed $49,900 WVMLS
• 2016-04-15 Sold (MLS) $22,000 WVMLS
• 2016-04-13 Pending — WVMLS
• 2016-04-07 Contingent — WVMLS
• 2016-03-02 Relisted — WVMLS
• 2016-03-02 Listing Removed — WVMLS
• 2016-02-04 Price Changed $23,500 WVMLS
• 2015-12-14 Listed $27,720 WVMLS

Property tax history

+32.7%/yr

Latest (2025): $536 · +3.0% YoY. Source: county tax records.