1220 SW Melrose Ave, McMinnville, OR, 97128 | $610/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

1220 SW Melrose Ave, McMinnville, OR, 97128 | $610/mo Cash Flow | Ziffy

Pending

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
2 Bath
1896 sft

1449 NE Center St, Sheridan, OR, 97378

4 Bed
2 Bath
1725 sft

460 SE Wiens St, Dallas, OR, 97338

3 Bed
3 Bath
2007 sft

544 SE Cooper St, Dallas, OR, 97338

4 Bed
2 Bath
1638 sft

370 SE Davis Ct, Dallas, OR, 97338

Nearby investment properties with comparable prices

3 Bed
2 Bath
1614 sft

1614-2 Plan, Highland Gleanns Phase 2, Dallas, OR, 97338

3 Bed
2 Bath
1935 sft

200 SE Walnut Ave, Dallas, OR, 97338

4 Bed
2 Bath
1920 sft

292 SE Academy St, Dallas, OR, 97338

3 Bed
1 Bath
996 sft

204 Maddox Ave, Amity, OR, 97101

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in McMinnville at 1220 SW Melrose Ave, McMinnville, OR, 97128 earns $610/mo cash flow from $3,205/mo rent with a $2,104/mo payment. Total monthly income totals $3,205/mo, and annual cash flow totals $7,322/yr on $142,512 capital. ROI tracks 25.05% on current figures, and rental yield reads 8.95% at a $429,900 purchase. Equity gained on principal adds $2,774/yr, and 5% annual appreciation supports $118,773 over five years. Five-year ROI reaches 130.21% and total cumulative return in cash sums $185,563. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,205/mo property income instead of your personal income.

Single Family

Built in 1930

10,018 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this adorable 1,602 SF Cape Cod home on a rare .23-acre lot, just across from Linfield University and convenient to McMinnvilles 3rd Street, wineries, parks, and more! Classic curb appeal shines with a gable roof, inviting front porch, and fresh exterior paint. Inside, timeless character meets a spacious layout. Arched doorways, cornice moulding, and a vintage corner hutch accentuate the open living-dining area, making it perfect for entertaining. The spacious kitchen features warm wood cabinetry and a window overlooking the side yard. The main level includes two bedrooms, a peaceful primary bedroom with ample closet space and the other with wall-to-wall carpet and a ceiling fan. The bright bathroom offers a walk-in shower, built-ins, and a single-sink vanity. A large mudroom with washer/dryer hookups, built-ins, and exterior access adds convenience. Upstairs, a loft landing makes a great office, play area, or cozy nook, and three vaulted bedrooms each offer carpet, closets, and charming storage cubbies. Additional perks include fresh interior paint touch-ups, an oversized 2-car garage with built-in storage, expansive parking, and a detached tool shed, ideal for projects or extra storage. The oversized side yard offers endless potential for gardening, entertaining, or future dreams. Whether you're looking for a primary home or an investment convenient to campus, this one checks all the boxes. Don't miss this rare opportunity in the heart of McMinnville!

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