1145 SW Cypress StMcMinnvilleOR97128
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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
Investment Highlights
Rental property for sale in McMinnville at 1145 SW Cypress St, McMinnville, OR, 97128 offers $3,000/mo rent that, after a $954/mo payment, leaves $1,823/mo cash flow. Total monthly income is $3,000/mo, and annual cash flow is $21,881/yr on $64,642 cash. Return on cash invested measures 53.76% in year one, and rental yield stands at 18.46% at a $194,999 entry. Equity gained on principal adds $1,258/yr while 5% annual appreciation compounds into $53,875 by year five. Five-year ROI records 284.21% and total cumulative return in cash reaches $183,718. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,000/mo property income versus a $954/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1990
N/A lot
$N/A/sqft
No HOA
More details about the property
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 |
Housing Distribution
Address Breakdown
Residential
15,300
Single Family
13,960
Multi-Family
1,340
Businesses
1,475
Price History
Date | Event | Price |
|---|---|---|
| 2024-09-23 | Listed for sale | $194,999 |
| 2024-09-09 | Pending sale | $194,999 |
| 2024-08-15 | Listing removed | N/A |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Facts & Features
General Information
- Type: MobileManufactured
- Year Built: 1990
- Architectural Style: N/A
- Building Area: 1,556
- Living Area: 1,556 sqft
- Property Condition: Updated/Remodeled
Features & Amenities
- Heating: Forced Air
- Cooling: Heat Pump
- Flooring: N/A
- Interior Features: Floor 3rd
- Exterior Features: N/A
- Parking Features: Carport, Covered, Detached, Oversized
Location
- City: McMinnville
- State: OR
- Subdivision: N/A
- Lot Size: N/A
- Lot Features: Gated, Private, Seasonal, Street Car, Trees, SqFt 0K to 2999
- View: City, Seasonal, Territorial
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: Concrete
School Information
- Elementary School: Columbus
- Middle School: Duniway
- High School: Mcminnville
Listed by: Esther Kokoruda • Knipe Realty ERA Powered
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #24235561
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.