1535 NW 2nd StMcMinnvilleOR97128
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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
Investment Highlights
Investment property for sale in McMinnville at 1535 NW 2nd St, McMinnville, OR, 97128 earns $172/mo cash flow from $866/mo rent with a $563/mo payment. Total monthly income totals $866/mo, and annual cash flow totals $2,061/yr on $38,123 capital. ROI tracks 25.31% on current figures, and rental yield reads 9.04% at a $115,000 purchase. Equity gained on principal adds $742/yr, and 5% annual appreciation supports $31,772 over five years. Five-year ROI reaches 131.66% and total cumulative return in cash sums $50,193. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $866/mo property income instead of your personal income.
Manufactured
Built in 1971
N/A lot
$N/A/sqft
No HOA
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
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Listed by: Zach Bernards • Willcuts Company Real Estate
Mls Name: RMLS (OR)
Mls ID: #776978331