1118 SW Wanetah Way, McMinnville, OR, 97128 | $314/mo Cash Flow

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1118 SW Wanetah Way, McMinnville, OR, 97128 | $314/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Investment property for sale in McMinnville at 1118 SW Wanetah Way, McMinnville, OR, 97128 offers a 8.09% rental yield on a $445,000 purchase with $3,000/mo rent. Total monthly income registers $3,000/mo, and a $2,178/mo payment leaves $314/mo available for distribution. Annual cash flow reaches $3,768/yr on $147,518 to close, and return on cash invested stands at 22.46% in year one. Equity gained on principal adds $2,872/yr while 5% annual appreciation supports $122,945 over five years. Portfolio math shows five-year ROI at 116.33% and total cumulative return in cash at $171,608. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,000/mo property income against a $2,178/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1972

9,147 sqft lot

$N/A/sqft

No HOA

More details about the property

This is it! 3 bedroom, 2 bath Ranch Style home on the edge of McMinnville - near shops, restaurants, and the calm countryside of Yamhill County! Cozy up in your spacious living room, featuring a large picture window and a wood fireplace. Kitchen and dining room look out onto a covered patio, private backyard, pantry, expansive laundry room with lots of storage, and a sink too! Great floor plan - The Architect who designed this home had it built for himself and his family; only 2 owners! 2nd bathroom has a walk-in shower, RV Parking, oversized lot, fenced back yard, covered patio, large shed, roses, plenty of space for gardening, and peaceful, quiet outdoor living. The attached 2-car garage is oversized with lots of built-ins, work benches, and peg boards for tools. Schedule your own home tour and Welcome Home!

Neighborhood Data

Neighborhood data shown for ZIP Code: 97128, Mcminnville, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	15,432 (100%)
Owner Occupied HU	9,318 (60.4%)
Renter Occupied HU	5,237 (33.9%)
Vacant Housing Units	877 ( 5.7%)
Median Home Value	$475,888
Average Home Value	$526,058