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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 1501 SW Baker St UNIT 70, McMinnville, OR, 97128 listed at $159,900 pairs $1,214/mo rent with a $783/mo payment to leave $248/mo cash flow. Total monthly income runs $1,214/mo, and annual cash flow reaches $2,981/yr on $53,007 cash to close. Return on cash invested measures 25.53% in year one, and rental yield registers 9.11% at a $159,900 basis. Equity gained on principal adds $1,032/yr, and annual property appreciation at 5% supports $44,177 by year five. Five-year ROI tracks 132.83% and total cumulative return in cash totals $70,410. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,214/mo property income relative to a $783/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1991
N/A 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 |
|---|---|---|
| 2025-04-24 | Listed for sale | $159,900 |
| 2024-06-21 | Listing removed | N/A |
| 2024-04-25 | Price change | $139,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-30 | $691.11 | 5.56% | $40,888 | 3.00% |
| 2022-04-30 | $654.70 | 2.42% | $39,697 | 3.00% |
| 2021-04-30 | $639.22 | 0.81% | $38,541 | 3.00% |
Listed by: PATTY HOPPER • More Realty
Mls Name: WVMLS
Mls Provider:
Mls ID: #828197
Disclaimer: Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided 'AS IS' and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.
