1681 NW 6th StMcMinnvilleOR97128
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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
Rental property for sale in McMinnville at 1681 NW 6th St, McMinnville, OR, 97128 generates $3,263/mo in rent, after a $2,736/mo payment. Total monthly income is $3,263/mo. Return on cash invested sits at 19.33% in year one, and rental yield is 7% on a $559,000 entry. Equity gained on principal adds $3,607/yr, while 5% annual appreciation builds toward $154,441 over five years. Five-year ROI reaches 99.52% and total cumulative return in cash sums $183,027. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,263/mo property income rather than buyer’s personal income.
Single Family
Built in 2004
6,098 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 |
|---|---|---|
| 2025-04-18 | Listed for sale | $559,000 |
| 2021-05-17 | Sold | $449,500 |
| 2006-06-16 | Sold | $290,500 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-22 | $4224.37 | 5.56% | $249,926 | 3.00% |
| 2022-04-22 | $4001.86 | 2.42% | $242,647 | 3.00% |
| 2021-04-22 | $3907.19 | 0.80% | $235,580 | 3.00% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 2004
- Architectural Style: N/A
- Building Area: 2,043
- Living Area: 2,043 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Heat Pump, Forced Air
- Cooling: N/A
- Flooring: N/A
- Interior Features: Loft, High Speed Internet
- Exterior Features: Gray
- Parking Features: Attached
Location
- City: McMinnville
- State: OR
- Subdivision: Cypress Hills
- Lot Size: 6,098 sqft
- Lot Features: Landscaped
- View: N/A
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: Public Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: Newby
- Middle School: Duniway
- High School: McMinnville
Listed by: STEPHANIE FINDLEY • More Realty
Mls Name: WVMLS
Mls Provider:
Mls ID: #827863
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.