15820 SW Dusty DrMcMinnvilleOR97128
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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
Total monthly income runs $3,257/mo, and a $4,772/mo payment. Purchase price stands at $975,000, and rental yield measures 4.01% with $3,257/mo rent. Return on cash invested shows 10.23% in year one, and 5% annual appreciation builds toward $269,375 over five years. Five-year ROI reaches 50.69% and total cumulative return in cash records $162,591. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,257/mo property income covering a $4,772/mo payment rather than investor’s personal income.
Single Family
Built in 1977
35.35 Acres 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 |
|---|---|---|
| 2024-09-27 | Price change | $975,000 |
| 2024-09-04 | Price change | $999,999 |
| 2024-08-13 | Listed for sale | $1,080,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $3003.91 | 2.27% | $240,465 | 3.00% |
| 2022-10-15 | $2937.21 | 7.00% | $233,462 | 3.00% |
| 2021-10-15 | $2745.00 | 2.86% | $226,663 | 3.00% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1977
- Architectural Style: N/A
- Building Area: 1,792
- Living Area: 1,792 sqft
- Property Condition: Resale
Features & Amenities
- Heating: Forced Air, Heat Pump, Wood Stove
- Cooling: Heat Pump
- Flooring: Hardwood, Wall to Wall Carpet
- Interior Features: High Speed Internet, Kitchen, Built-in Features, Eat Bar, Bathroom, Pantry, Tile
- Exterior Features: Raised Beds, Yard
- Parking Features: Driveway, RV Access/Parking, Garage Door Opener, Attached
Location
- City: McMinnville
- State: OR
- Subdivision: N/A
- Lot Size: 35.35 Acres
- Lot Features: Gentle Sloping, Pasture, Private, Sloped, Trees, Acres 20 to 50
- View: Mountain(s), Valley, Vineyard
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: Satellite Internet Service
- Sewer: Septic Tank
- Water Source: Cistern, Well
- Road Surface Type: Gravel
School Information
- Elementary School: Columbus
- Middle School: Patton
- High School: Mcminnville
Listed by: Donna Dempsey • Berkshire Hathaway HomeServices NW Real Estate
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #24056122
Disclaimer: The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright 2024 RMLS, Portland, Oregon. This content last updated on 2024-10-15 08:59:19 PDT. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.