1481 NW Riesling Way, Mc Minnville, OR, 97128 | $43/mo Cash Flow

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1481 NW Riesling Way, Mc Minnville, OR, 97128 | $43/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Mc Minnville at 1481 NW Riesling Way, Mc Minnville, OR, 97128 generates $3,000/mo in rent and, after a $2,398/mo payment, leaves $43/mo in cash flow. Total monthly income is $3,000/mo, and annual cash flow is $511/yr on $162,435 invested. Return on cash invested sits at 20.22% in year one, and rental yield is 7.35% on a $490,000 entry. Equity gained on principal adds $3,162/yr, while 5% annual appreciation builds toward $135,378 over five years. Five-year ROI reaches 104.33% and total cumulative return in cash sums $169,476. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,000/mo property income rather than buyer’s personal income.

Single Family

Built in 2004

5,227 sqft lot

$N/A/sqft

No HOA

More details about the property

This home has been refreshed from top to bottom with updates youll love! Brand-new laminate plank flooring flows throughout, and the living room is anchored by a cozy gas fireplace. The kitchen has been fully remodeled with crisp white cabinetry, granite countertops, tile backsplash, and new stainless appliances including a gas range. Bathrooms have been tastefully updated with modern finishes, and the primary suite features a walk-in shower with gray tile and granite. Two additional bedrooms offer flexibility for family, guests, or a home office. Outside youll find a large, level front yard and a nice fenced backyard with both an open and covered patio for year-round enjoyment. With a brand-new roof and recently updated hot water heater, this home is stylish, move-in ready, and within the Memorial Elementary boundary.

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