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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 1602 NE Riverside Dr UNIT 48, McMinnville, OR, 97128 offers a 16.62% rental yield on a $197,000 purchase with $2,728/mo rent. Total monthly income registers $2,728/mo, and a $964/mo payment leaves $1,539/mo available for distribution. Annual cash flow reaches $18,469/yr on $65,306 to close, and return on cash invested stands at 48.19% in year one. Equity gained on principal adds $1,271/yr while 5% annual appreciation supports $54,427 over five years. Portfolio math shows five-year ROI at 254.35% and total cumulative return in cash at $166,106. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,728/mo property income against a $964/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1997
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 |
|---|---|---|
| 2025-07-25 | Sold | $197,000 |
| 2025-06-24 | Pending sale | $172,000 |
| 2025-06-13 | Listed for sale | $172,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-25 | $1057.12 | 5.92% | $60,820 | 3.00% |
| 2023-10-25 | $998.08 | 5.56% | $59,049 | 3.00% |
| 2022-10-25 | $945.50 | 2.42% | $57,329 | 3.00% |
Listed by: STEPHANIE FINDLEY • More Realty
Mls Name: WVMLS
Mls Provider:
Mls ID: #830175
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.
