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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 1235 NW Michelbook Ln, McMinnville, OR, 97128 listed at $545,000 pairs $2,802/mo rent with a $2,668/mo payment. Total monthly income runs $2,802/mo. Return on cash invested measures 13.26% in year one, and rental yield registers 6.17% at a $545,000 basis. Equity gained on principal adds $3,517/yr, and annual property appreciation at 5% supports $150,573 by year five. Five-year ROI tracks 68.23% and total cumulative return in cash totals $122,340. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,802/mo property income relative to a $2,668/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1970
N/A lot
$N/A/sqft
$528 monthly 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 |
|---|---|---|
| 2025-03-29 | Listed for sale | $545,000 |
| 2018-09-21 | Sold | $309,900 |
| 2018-08-08 | Pending sale | $309,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-01 | $4215.30 | 5.56% | $249,389 | 3.00% |
| 2022-04-01 | $3993.25 | 2.42% | $242,125 | 3.00% |
| 2021-04-01 | $3898.78 | 0.80% | $235,073 | 3.00% |
Listed by: Stephanie Findley • MORE Realty
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #656304360
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 2025-04-01 12:04:31 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.
