1501 SW Baker St UNIT 72McMinnvilleOR97128
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Nearby investment properties with comparable prices
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
Investment Highlights
Rental property for sale in McMinnville at 1501 SW Baker St UNIT 72, McMinnville, OR, 97128 generates $2,345/mo in rent and, after a $587/mo payment, leaves $1,621/mo in cash flow. Total monthly income is $2,345/mo, and annual cash flow is $19,453/yr on $39,747 invested. Return on cash invested sits at 68.85% in year one, and rental yield is 23.47% on a $119,900 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation builds toward $33,126 over five years. Five-year ROI reaches 365.22% and total cumulative return in cash sums $145,164. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,345/mo property income rather than buyer’s personal income.
Manufactured
Built in 1991
N/A lot
$N/A/sqft
No HOA
More details about the property
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 |
Housing Distribution
Address Breakdown
Residential
15,300
Single Family
13,960
Multi-Family
1,340
Businesses
1,475
Price History
Date | Event | Price |
|---|---|---|
| 2024-09-23 | Price change | $119,900 |
| 2024-09-03 | Listed for sale | $129,900 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $768.02 | 5.56% | $45,438 | 3.00% |
| 2022-10-15 | $727.57 | 2.42% | $44,115 | 3.00% |
| 2021-10-15 | $710.35 | 0.80% | $42,830 | 3.00% |
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Facts & Features
General Information
- Type: MobileManufactured
- Year Built: 1991
- Architectural Style: N/A
- Building Area: 1,350
- Living Area: 1,350 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Forced Air
- Cooling: Central Air
- Flooring: Vinyl, Laminate
- Interior Features: N/A
- Exterior Features: N/A
- Parking Features: Carport
Location
- City: McMinnville
- State: OR
- Subdivision: N/A
- Lot Size: N/A
- Lot Features: N/A
- View: Territorial
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: Water Connected
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: Columbus
- Middle School: Duniway
- High School: McMinnville
Listed by: DANA SCHELL • Homesmart Realty Group - Keizer
Mls Name: WVMLS
Mls Provider:
Mls ID: #819016
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.