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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in McMinnville at 1141 NE Johnson St, McMinnville, OR, 97128 with 5% annual appreciation on a $478,000 basis while $3,000/mo rent supports operations. Total monthly income totals $3,000/mo and a $2,340/mo payment preserves $114/mo for cash returns. Annual cash flow comes to $1,371/yr on $158,457 deployed, and return on cash invested reaches 20.77% in year one. Equity gained on principal adds $3,084/yr, and five-year appreciation sums $132,063 alongside rental yield of 7.53%. Five-year ROI measures 107.3% and total cumulative return in cash totals $170,029.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,000/mo property income versus a $2,340/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2007
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97128, Mcminnville, OR area.
| 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 |
Residential
15,300
Single Family
13,960
Multi-Family
1,340
Businesses
1,475
Date | Event | Price |
|---|---|---|
| 2024-09-10 | Price change | $478,000 |
| 2024-07-29 | Listed for sale | $489,900 |
| 2021-05-20 | Sold | $460,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $4051.80 | 5.56% | $239,716 | 3.00% |
| 2022-10-15 | $3838.37 | 2.42% | $232,734 | 3.00% |
| 2021-10-15 | $3747.55 | 0.80% | $225,955 | 3.00% |
Listed by: Rolando Huber • MORE Realty, Inc.
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #24045619
Disclaimer: The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright 2024 RMLS, Portland, Oregon. This content last updated on 2024-10-15 08:59:19 PDT. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.
