This duplex in Coos Bay offers strong rental potential with its 3 beds/2 baths across two units (1BD/1BA and 2BD/1BA). Based on comp data, the property could generate $2,100-$2,300 monthly ($25,200-$27,600 annually), though the current owner lists gross income at $17,400. With a recent purchase price of $115,000, this yields a potential 4-6 year payback period. The property sits on a generous 0.32-acre lot in an area where rentals command lower rates than the national average but have seen modest growth of 0.8-9% year-over-year, depending on the source.
This fixer-upper needs TLC to maximize rental income. I'd recommend updating kitchens and bathrooms first, as these typically deliver the highest ROI for rental properties. The oversized lot presents opportunities for expansion or additional amenities like storage units that could command premium rent. Consider converting to an Airbnb for part of the year, as Coos Bay has only 105 active listings with 32% average occupancy rate, potentially allowing for higher short-term rental income during peak seasons.