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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 1610 SW Apperson St, McMinnville, OR, 97128 offers a 5.58% rental yield on a $429,900 purchase with $2,000/mo rent. 9% in year one. Equity gained on principal adds $2,774/yr while 5% annual appreciation supports $118,773 over five years. Portfolio math shows five-year ROI at 75.8% and total cumulative return in cash at $108,019. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,000/mo property income against a $2,104/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1993
6,969 sqft 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 |
|---|---|---|
| 2025-04-04 | Listed for sale | $429,900 |
| 2025-01-10 | Sold | $215,500 |
| 2024-12-04 | Pending sale | $249,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-13 | $2535.68 | 5.56% | $150,018 | 3.00% |
| 2022-04-13 | $2402.12 | 2.42% | $145,649 | 3.00% |
| 2021-04-13 | $2345.29 | 0.80% | $141,407 | 3.00% |
Listed by: DARRYL BODLE II • Keller Williams Realty Portland Premiere
Mls Name: WVMLS
Mls Provider:
Mls ID: #827522
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.
