115 SW Blue Heron CtMcMinnvilleOR97128
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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 115 SW Blue Heron Ct, McMinnville, OR, 97128 priced at $538,000 pairs $3,287/mo rent with $40/mo cash flow after a $2,633/mo payment. Total monthly income equals $3,287/mo, and annual cash flow comes to $477/yr on $177,002 invested. Return on cash invested is 20.33% in year one, and rental yield stands at 7.33% on a $538,000 basis. Equity gained on principal adds $3,472/yr, and 5% annual appreciation accumulates to $148,639 by year five. Five-year ROI measures 104.86% and total cumulative return in cash reaches $185,602. For financing, Ziffy Mortgage’s DSCR program evaluates $3,287/mo property income against a $2,633/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2015
8,276 sqft 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 |
|---|---|---|
| 2025-07-11 | Sold | $538,000 |
| 2025-05-26 | Pending sale | $539,900 |
| 2025-05-08 | Listed for sale | $539,900 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-19 | $4870.78 | 5.92% | $280,234 | 3.00% |
| 2023-10-19 | $4598.70 | 5.56% | $272,072 | 3.00% |
| 2022-10-19 | $4356.46 | 2.42% | $264,148 | 3.00% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 2015
- Architectural Style: Craftsman
- Building Area: 1,736
- Living Area: 1,736 sqft
- Property Condition: Resale
Features & Amenities
- Heating: Forced Air
- Cooling: Central Air
- Flooring: N/A
- Interior Features: N/A
- Exterior Features: N/A
- Parking Features: Driveway, Parking Pad, Attached, Oversized
Location
- City: McMinnville
- State: OR
- Subdivision: N/A
- Lot Size: 8,276 sqft
- Lot Features: Corner Lot, SqFt 7000 to 9999
- View: N/A
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, Paved
School Information
- Elementary School: Columbus
- Middle School: Duniway
- High School: Mcminnville
Listed by: Donovan Birch • John L Scott Portland SW
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #549578719
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 2025 RMLS, Portland, Oregon. This content last updated on 2025-10-18 23:24:12 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.