1602 NE Riverside Dr UNIT 67, McMinnville, OR, 97128 | $272/mo Cash Flow

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1602 NE Riverside Dr UNIT 67, McMinnville, OR, 97128 | $272/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in McMinnville at 1602 NE Riverside Dr UNIT 67, McMinnville, OR, 97128 listed at $155,000 pairs $1,208/mo rent with a $759/mo payment to leave $272/mo cash flow. Total monthly income runs $1,208/mo, and annual cash flow reaches $3,264/yr on $51,383 cash to close. Return on cash invested measures 26.26% in year one, and rental yield registers 9.35% at a $155,000 basis. Equity gained on principal adds $1,000/yr, and annual property appreciation at 5% supports $42,824 by year five. Five-year ROI tracks 136.79% and total cumulative return in cash totals $70,288. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,208/mo property income relative to a $759/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Manufactured

Built in 1981

N/A lot

$N/A/sqft

No HOA

More details about the property

FOR SALE 1981 Walden Manufactured Home #67, 55+ Park. EXCELLENT condition. Beautifully updated and renovated like new, paint, textured ceilings and walls, laminate flooring, carpet in bedrooms, double paned white vinyl windows, blinds, stainless-steel appliances, front load washer/dryer, cabinets throughout with stone countertops, 2 walk-in showers, new porch roofs, and deck, new driveway, more to see! 2 Bedrooms 2 bath, 1152 sq ft., 55 plus Park with a really nice clubhouse and pool! $750 space rent $155,000 FINANCING AVAILABLE!.

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