1586 NE Grandhaven StMcMinnvilleOR97128
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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 1586 NE Grandhaven St, McMinnville, OR, 97128 offers $3,024/mo rent that, after a $2,157/mo payment, leaves $364/mo cash flow. Total monthly income is $3,024/mo, and annual cash flow is $4,366/yr on $146,092 cash. Return on cash invested measures 22.9% in year one, and rental yield stands at 8.23% at a $440,700 entry. Equity gained on principal adds $2,844/yr while 5% annual appreciation compounds into $121,757 by year five. Five-year ROI records 118.66% and total cumulative return in cash reaches $173,354. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,024/mo property income versus a $2,157/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
7,840 sqft 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 |
|---|---|---|
| 2012-05-17 | Sold | $175,000 |
| 2012-02-09 | Listed for sale | $175,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-30 | $4218.95 | 5.92% | $242,732 | 3.00% |
| 2023-10-30 | $3983.28 | 5.56% | $235,662 | 3.00% |
| 2022-10-30 | $3773.45 | 2.42% | $228,798 | 3.00% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 2005
- Architectural Style: N/A
- Building Area: N/A
- Living Area: 1,564 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Forced air, Gas
- Cooling: Central
- Flooring: Tile, Carpet, Hardwood
- Interior Features: N/A
- Exterior Features: Stone
- Parking Features: Garage - Attached, Off-street
Location
- City: McMinnville
- State: OR
- Subdivision: N/A
- Lot Size: 7,840 sqft
- Lot Features: N/A
- View: City
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: N/A
- Sewer: N/A
- Water Source: N/A
- Road Surface Type: N/A
School Information
- Elementary School: Grandhaven
- Middle School: Patton
- High School: McMinnville
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A