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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 1301 SW Melrose Ave, McMinnville, OR, 97128 uses $140,523 cash to close to unlock $1,357/yr annual cash flow and $113/mo monthly cash flow. Total monthly income runs $2,672/mo, and a $2,075/mo payment keeps the spread at $113/mo. Purchase price stands at $423,900, and rental yield measures 7.56% with $2,672/mo rent. Return on cash invested shows 20.87% in year one, and 5% annual appreciation builds toward $117,116 over five years. Five-year ROI reaches 107.84% and total cumulative return in cash records $151,543. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,672/mo property income covering a $2,075/mo payment rather than investor’s personal income.
Single Family
Built in 1952
6,098 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 |
|---|---|---|
| 2013-05-15 | Sold | $107,890 |
| 2013-03-28 | Listed for sale | $104,500 |
| 2013-03-20 | Pending sale | $104,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-18 | $2785.86 | 5.92% | $160,281 | 3.00% |
| 2023-12-18 | $2630.25 | 5.56% | $155,613 | 3.00% |
| 2022-12-18 | $2491.70 | 2.42% | $151,081 | 3.00% |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
