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4103 SE 73rd Ave
F Composite 27.52
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).

  • ARV discount +10.7/15.0
  • Schools +4.7/10.0
  • Livability +3.9/5.0
  • Rent growth +3.5/5.0
  • Cash flow +2.5/30.0
  • Condition / age +2.2/5.0
  • 1% rule +0.0/10.0
  • DSCR +0.0/10.0
  • Appreciation +0.0/10.0

$375,000

4103 SE 73rd Ave · Portland, OR 97206
2 bd · 1.0 ba · 672 sqft · SingleFamily public records · 31 Days on market
Built 1951 Fair condition 6,098 sqft lot $558/sqft · 7% below area Est $404k · 7% under

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks

This home is still available from June 3rd Sealed Bid Auction. The leased two-bedroom, one-bath home is located in the Foster-Powell neighborhood on SE 73rd Avenue, just five blocks north of SE Holgate Blvd. and one block south of SE Center Street. Built in 1951, the 672± sq. ft. home features a large fenced backyard. The current tenant has occupied the property for over three years and is responsible for yard maintenance, while the landlord covers trash service. The kitchen has been remodeled and additional improvements completed within the past five years. Projected 2026 gross income is $21,480, with real estate taxes of $3,834.

Key facts

  • Off street parking
  • Private backyard
  • Updated kitchen

Tags

UPDATED KITCHENREMODELED BATHPRIVATE BACKYARDOFF STREET PARKINGQUICK ACCESS TO I-205EASY COMMUTE DOWNTOWN

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 2-bed/1.0-bath single-family listed at $375k. Condition is rated fair.

Deal economics

  • At list price, monthly cash flow is $-1k ($-16k/yr) — negative.
  • To cash-flow at today's rent, offer at most $146k (61.2% below list).
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $145k (61.4% below list).
  • Recommended offer: $145k (61.4% below list) — sets the bar for 1% rule.

Location & tenants

  • Location reads 77/100 on livability (#72 in OR, #3,256 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, health & safety A+; Watch: crime F, cost of living F.
  • Portland SD 1J (urban): math 46% / reading 58% proficiency, ranked #23 of 183 in OR (top 13%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
  • Zoned schools: Marysville Elementary School (286 students, 72% FRL); Kellogg Middle School (658 students, 66% FRL); Franklin High School (1,966 students, 37% FRL) — zoned schools average 58% FRL vs 37% district-wide (21 pts higher); higher-poverty schools than district average — tighter screening recommended.
  • Market conditions: Rents rising (+4.0%/yr); 618 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 38d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 52% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 2,041 units permitted in Multnomah County in 2024 (905 in 5+ unit buildings).
  • This rent is only 18% of the median local income ($99k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

  • Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $11k of value loss. Plan a longer hold.
  • Multnomah County population projected at +33% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

  • It's been on market 31 days — a 3% lower offer ($364k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

  • Watch-outs: built in 1951 — expect roof / HVAC / electrical / plumbing capex.
Recommended offer $144,728 (61.4% 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 31 days. Have you received any prior offers? Is the seller open to a 61% concession, seller financing, or rate buy-down credit?
  3. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
  4. Built in 1951 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  6. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
  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
0.39% ✗
Cap rate
2.14%
Cash-on-cash
-14.85%
DSCR
0.34
GRM
21.6

CMA / ARV

ARV (median comp)
$403,849
List price
$375,000
Delta
-7.14%
Verdict
FAIR
Comps
20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
3929 SE 71st Ave 0.12mi 2/1.0 740 (+10%) 8mo $459,000 $620 71
8030 SE Cora St 0.40mi 2/1.0 672 (0%) 18mo $370,000 $551 66
6918 SE Center St 0.18mi 2/1.0 720 (+7%) 16mo $385,000 $535 66
6915 SE Raymond Ct 0.49mi 2/1.0 728 (+8%) 5mo $325,000 $446 59
8225 SE Raymond Ct 0.69mi 2/1.0 720 (+7%) 9mo $335,000 $465 48
5121 SE 79th Ave 0.58mi 2/1.0 766 (+14%) 6mo $323,000 $422 45
8603 SE Pardee St 0.71mi 2/1.0 720 (+7%) 14mo $337,000 $468 43
4932 SE 61st Ave 0.70mi 2/1.0 606 (-10%) 12mo $325,816 $538 41
3106 SE 79th Unit C 0.57mi 2/2.0 761 (+13%) 8mo $329,000 $432 41
5817 SE Francis St 0.73mi 1/1.0 (-1) 581 (-14%) 3mo $350,000 $602 36
3202 SE 62nd Ave 0.69mi 2/1.0 744 (+11%) 17mo $416,000 $559 36
4811 SE 84th Ave 0.65mi 1/1.0 (-1) 760 (+13%) 10mo $239,000 $314 35

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 · 3.95% rent growth · sell at horizon

5-year hold
IRR
-43.9%
Equity multiple
-0.35×
Total profit
$-142,171
Equity at exit
$55,914
10-year hold
IRR
-72.6%
Equity multiple
-1.14×
Total profit
$-224,772
Equity at exit
$32,423

Cash invested: $105,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

Overall (CITY)
0 Strongly Tenant-Friendly
State Oregon
28 Tenant-Leaning · D+6
County
— inherits STATE
City Portland
0 Strongly Tenant-Friendly · D+39
Mandatory relocation for no-cause evictions; rent increase notice 90 days.
Balanced market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
5 active · 7 under contract
Months of supply
3.0 mo (33%/mo absorbed)
Median asking
$385,000 ($492/sqft)
Median days on market
24 d
This list price
40% of active listings are priced below it
ARV vs active asking
+22.2% above current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 97206

Rents YoY
4.0%
Active inventory
618
Price-to-rent
21.6×

Monthly cashflow live

Estimated rent
$1,447 high interval (Pro) →
Mortgage (P&I)
−$1,967
Tax from tax record
−$320 /mo · $3,834/yr
Insurance
−$156
HOA
−$0
Vacancy / Maint / Mgmt
−$304
Net cashflow
$-1,299

Break-even live

Break-even rent $3,092
Max offer price $145,533
Occupancy floor —

Sensitivity live

Price -10% $-1,087 -5% $-1,193 +0% $-1,299 +5% $-1,405 +10% $-1,511
Rent -10% $-1,413 -5% $-1,356 +0% $-1,299 +5% $-1,242 +10% $-1,185
Rate -1.0pp $-1,110 -0.5pp $-1,204 base $-1,299 +0.5pp $-1,396 +1.0pp $-1,495

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
$93,750
Closing costs
$11,250
Reserves months
—
Total cash needed
—

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
—
Monthly P&I
—
Monthly cashflow
—
DSCR
—
Eligible?
—

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
—
Monthly P&I
—
Monthly cashflow
—
DSCR
—
Eligible?
—

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
—
Monthly P&I
—
Monthly cashflow
—
DSCR
—
Eligible?
—

Short-term bridge; refi at stabilization.

Rent comps 40 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
7012 SE Rhone St Unit 7010 Portland, OR 2.0 1.0 750 $1,395 $1.86 125d 1 0.22mi
7301 SE Powell Blvd Portland, OR 1.0–2.0 1.0–1.5 710 $1,495 $2.11 184d 4 0.32mi
6910 SE Pardee St Unit B Portland, OR 1.0 1.0 448 $1,195 $2.67 115d 1 0.33mi
3825 SE 80th Ave Portland, OR 1.0–2.0 1.0 702 $1,875 $2.67 0d 36 0.34mi
6940 SE Long St Unit 7 Portland, OR 1.0 1.0 552 $1,150 $2.08 184d 1 0.35mi
6940 SE Long St Unit 9 Portland, OR 2.0 1.0 642 $1,350 $2.10 184d 1 0.35mi
6940 SE Long St Apt 2 Portland, OR 1.0 1.0 630 $1,320 $2.10 10d 1 0.35mi
6940 SE Long St Apt 14 Portland, OR 2.0 1.0 638 $1,450 $2.27 10d 1 0.35mi
3414 SE 67th Ave Unit 3422 Portland, OR 1.0 1.0 600 $1,225 $2.04 164d 1 0.45mi
7340 SE Foster Rd Portland, OR 3.0 1.0 736 $1,614 $2.19 2d 60 0.50mi
5040 SE 75th Ave Portland, OR 1.0 1.0 620 $1,245 $2.01 55d 1 0.50mi
6531 SE Powell Blvd Portland, OR 1.0 1.0 736 $1,050 $1.43 10d 1 0.50mi
6928 SE Raymond Ct #4 Portland, OR 1.0 1.0 586 $1,499 $2.56 11d 1 0.51mi
6928 SE Raymond Ct #4 Portland, OR 1.0 1.0 586 $1,499 $2.56 0d 1 0.51mi
8105 SE Powell Blvd Portland, OR 1.0 1.0 600 $1,375 $2.29 0d 1 0.52mi
7315 SE Mitchell Ct Portland, OR 2.0 1.0 750 $1,645 $2.19 107d 1 0.53mi
7315 SE Mitchell Ct Portland, OR 2.0 1.0 750 $1,670 $2.23 184d 5 0.53mi
5230 SE 72nd Ave Portland, OR 1.0 1.0 515 $1,400 $2.72 2d 3 0.56mi
8310 SE Rhine St Portland, OR 1.0 1.0 720 $1,195 $1.66 10d 1 0.57mi
8104 SE Raymond St Apt 12B Portland, OR 1.0 1.0 515 $1,045 $2.03 10d 1 0.60mi
8104 SE Raymond St Apt 14 Portland, OR 1.0 1.0 525 $1,195 $2.28 164d 1 0.60mi
8104 SE Raymond St Unit 11 Portland, OR 1.0 1.0 550 $1,149 $2.09 10d 1 0.60mi
8104 SE Raymond St Portland, OR 1.0–2.0 1.0 772 $1,395 $1.81 115d 2 0.60mi
6105 SE Cora St Portland, OR 2.0 1.0 688 $1,622 $2.36 9d 2 0.62mi
7116 SE Steele St Portland, OR 1.0 1.0 700 $1,650 $2.36 184d 1 0.62mi
5330 SE 72nd Ave Unit 09 Portland, OR 1.0 1.0 675 $1,195 $1.77 85d 1 0.63mi
7037 SE Woodward St Unit 7037 Portland, OR 1.0 1.0 600 $1,295 $2.16 138d 1 0.63mi
4415 SE 61st Ave Unit 8 Portland, OR 1.0 1.0 645 $1,250 $1.94 129d 1 0.64mi
7920 SE Mitchell St Unit B Portland, OR 1.0 1.0 462 $1,295 $2.80 0d 1 0.64mi
7931 SE Steele St Portland, OR 1.0 1.0 700 $1,200 $1.71 10d 1 0.64mi
4415 SE 61st Ave Unit 7 Portland, OR 1.0 1.0 645 $1,250 $1.94 148d 1 0.65mi
8509 SE Bush St Portland, OR 1.0 1.0 470 $1,260 $2.68 10d 1 0.66mi
8130 SE Woodward St Unit 103 Portland, OR 1.0 1.0 529 $1,199 $2.27 161d 1 0.71mi
8130 SE Woodward St Portland, OR 1.0 1.0 441 $1,225 $2.78 37d 1 0.71mi
8130 SE Woodward St Apt 202 Portland, OR 1.0 1.0 441 $1,225 $2.78 31d 1 0.71mi
3636 SE 86th Ave Unit 3636 Portland, OR 1.0 1.0 650 $1,250 $1.92 28d 1 0.73mi
3636 SE 86th Ave Unit 3644 Portland, OR 1.0 1.0 650 $1,150 $1.77 115d 1 0.73mi
4202 SE 58th Ave Unit 4220 Portland, OR 1.0 1.0 600 $1,395 $2.33 10d 1 0.75mi
5811 SE Boise St Portland, OR 1.0 1.0 557 $1,195 $2.15 101d 1 0.76mi
5730 SE Center St Unit 03 Portland, OR 1.0 1.0 410 $1,175 $2.87 7d 1 0.77mi

Property features AI

Exterior

Parking
CarportOn-street parking
Utilities
ElectricityPublic waterPublic sewer
Home design
Single-family residenceOne level
Construction
Built in 1951T-111 sidingComposition roofSlab foundation
Exterior features
Level terrainPublic road access

Interior

Kitchen
Freestanding rangeFreestanding refrigerator
Bedrooms
2 bedrooms, both on the main level
Bathrooms
1 full bathroom on the main level
Heating & cooling
Forced-air heatingNo cooling
Interior features
One-level accessibilityVinyl-frame windows

Listing history 50 events

  1. 2026-11-08
    days on market $375,000 Active 31 DOM
  2. 2026-11-07
    days on market $375,000 Active 30 DOM
  3. 2026-11-06
    days on market $375,000 Active 29 DOM
  4. 2026-11-05
    days on market $375,000 Active 28 DOM
  5. 2026-11-04
    days on market $375,000 Active 27 DOM
  6. 2026-11-02
    days on market $375,000 Active 25 DOM
  7. 2026-11-01
    days on market $375,000 Active 24 DOM
  8. 2026-10-31
    days on market $375,000 Active 23 DOM
  9. 2026-10-30
    days on market $375,000 Active 22 DOM
  10. 2026-10-29
    days on market $375,000 Active 21 DOM
  11. 2026-10-28
    days on market $375,000 Active 20 DOM
  12. 2026-10-27
    days on market $375,000 Active 19 DOM
  13. 2026-10-26
    days on market $375,000 Active 18 DOM
  14. 2026-10-26
    days on market $375,000 Active 17 DOM
  15. 2026-10-24
    days on market $375,000 Active 16 DOM
  16. 2026-10-23
    days on market $375,000 Active 15 DOM
  17. 2026-10-22
    days on market $375,000 Active 14 DOM
  18. 2026-10-21
    days on market $375,000 Active 13 DOM
  19. 2026-10-20
    days on market $375,000 Active 12 DOM
  20. 2026-10-19
    days on market $375,000 Active 11 DOM
  21. 2026-10-18
    days on market $375,000 Active 10 DOM
  22. 2026-10-17
    days on market $375,000 Active 9 DOM
  23. 2026-10-16
    days on market $375,000 Active 8 DOM
  24. 2026-10-15
    days on market $375,000 Active 7 DOM
  25. 2026-10-14
    days on market $375,000 Active 6 DOM
  26. 2026-10-13
    days on market $375,000 Active 5 DOM
  27. 2026-10-12
    days on market $375,000 Active 4 DOM
  28. 2026-10-11
    days on market $375,000 Active 3 DOM
  29. 2026-10-10
    days on market $375,000 Active 2 DOM
  30. 2026-10-09
    pricedays on marketlisting id $375,000 Active 1 DOM
  31. 2026-08-20
    days on market Active 121 DOM
  32. 2026-08-19
    days on market Active 120 DOM
  33. 2026-08-18
    days on market Active 119 DOM
  34. 2026-08-17
    days on market Active 118 DOM
  35. 2026-08-16
    days on market Active 117 DOM
  36. 2026-08-15
    days on market Active 116 DOM
  37. 2026-08-14
    days on market Active 115 DOM
  38. 2026-08-13
    days on market Active 114 DOM
  39. 2026-08-11
    days on market Active 112 DOM
  40. 2026-08-10
    days on market Active 111 DOM
  41. 2026-08-09
    days on market Active 110 DOM
  42. 2026-08-08
    days on market Active 109 DOM
  43. 2026-08-06
    days on market Active 107 DOM
  44. 2026-08-05
    days on market Active 106 DOM
  45. 2026-08-04
    days on market Active 105 DOM
  46. 2026-08-03
    days on market Active 104 DOM
  47. 2026-07-31
    days on market Active 101 DOM
  48. 2026-07-30
    days on market Active 100 DOM
  49. 2026-07-30
    days on market Active 99 DOM
  50. 2026-07-28
    days on market Active 98 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
$3,834 · $320/mo
Projected year-2 tax
$3,834 · $320/mo
Expected delta
$0/yr ($0/mo · 0.0%)

ⓘ 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 3/10 Moderate 7 d/yr ≥92°F today · 15 d/yr by 30 yrs out
  • 💨 Wind 1/10 Low
  • 🫁 Air quality 10/10 Extreme 19 unhealthy d/yr today · 21 by 30 yrs out

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$17,367
− Mortgage interest
−$21,006
− Property taxes
−$3,834
− Insurance
−$1,875
− Repairs & maintenance
−$1,389
− Management
−$1,389
− Depreciation
−$10,909
Taxable loss
−$23,036
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$5,529
After-tax cash flow
$-10,059/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.

Condition & rehab AI · 5 photos

Fair 45/100 Moderate rehab Est. rehab $16,800–$30,240 screening

The home is in fair condition with some minor repairs and maintenance needed. Painting the exterior siding and landscaping would significantly improve its resale and rental value.

Components & finishes AI

Roof asphalt shingle · good

Repairs flagged

  • Minor Exterior siding — There is some discoloration and minor wear on the exterior siding.
  • Minor Landscaping — The landscaping appears overgrown and in need of maintenance.

Value-add opportunities

  • Resale Painting the exterior siding — Painting the exterior siding can improve the home's curb appeal and make it look more presentable to potential buyers. ↑
  • Rental Landscaping and trimming the overgrown areas — Maintaining the landscaping can improve the home's curb appeal and make it more attractive to potential renters. ↑

ⓘ Rehab cost is a screening estimate — Moderate scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

Zoned Schools

Elementary Marysville Elementary School Middle Kellogg Middle School High Franklin High School

Schools (NCES district)

District
Portland SD 1J
NCES district ID
4110040
Math proficiency
46% ▼ -2.00%
Reading proficiency
58% ▼ -3.00%
Median HH income
$57,851
Composite
47.1/100
National rank
#5112
State rank
#23 of 183 in OR
B Composite livability gradescore 77/100

Livability — Portland

Score
77/100
State rank
#72
US rank
#3256

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Portland, OR
County
Multnomah County · 930,825 people
City population
774,334
Metro
Portland-Vancouver-Hillsboro, OR-WA
Population (ZIP)
49,890
Household income
$98,548
Rent vs Own
35.2% rent · 64.8% own
Severe rent burden
8% of renters

Population outlook (Multnomah County) Hauer SSP2

Today (2025)
930,825 people
By 2030
996,904 · +7.1%
By 2040
1,121,379 · +20.5%
By 2050
1,242,124 · +33.4%
By 2075
1,464,431 · +57.3%
By 2100
1,576,181 · +69.3%

Race, ethnicity, and origin ACS 2023

Neighborhood character
Predominantly White (72%)
Race & ethnicity
White 72% Asian 10% Hispanic / Latino 10% Two or more races 8% Black 2% Native American 1%
Hispanic origin (detail)
Mexican 7%
Languages at home
85% English-only · Spanish 5% Vietnamese 3% Chinese 2%

Political lean MEDSL · Multnomah

2024 margin
Solid D (+62.1) · D 79.3% · R 17.2% · Other 3.5%
2008→2024 swing
+6.0pp toward D · 2008: 56.1pp · 2024: 62.1pp
All cycles
2024: D+62.1 2020: D+61.3 2016: D+58.3 2012: D+54.9 2008: D+56.1

Not yet ingested

Civics
—

Price history

1 event — show timeline
  • 2026-10-08 Listed $375,000 RMLS

Property tax history

+4.4%/yr

Latest (2025): $3,834 · +3.7% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…