1731 NW Doral 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 1731 NW Doral St, McMinnville, OR, 97128 offers $3,152/mo rent that, after a $3,764/mo payment. Total monthly income is $3,152/mo. Return on cash invested measures 12.74% in year one, and rental yield stands at 4.92% at a $769,000 entry. Equity gained on principal adds $4,962/yr while 5% annual appreciation compounds into $212,461 by year five. Five-year ROI records 64.23% and total cumulative return in cash reaches $162,511. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,152/mo property income versus a $3,764/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1986
0.27 Acres lot
$N/A/sqft
$650 annually 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 |
|---|---|---|
| 2024-10-04 | Listed for sale | $769,000 |
| 2024-09-11 | Pending sale | $769,000 |
| 2024-08-16 | Listed for sale | $769,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $5988.98 | 5.56% | $354,325 | 3.00% |
| 2022-10-15 | $5673.50 | 2.42% | $344,005 | 3.00% |
| 2021-10-15 | $5539.27 | 0.80% | $333,985 | 3.00% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1986
- Architectural Style: Contemporary
- Building Area: 1,921
- Living Area: 1,921 sqft
- Property Condition: Approximately
Features & Amenities
- Heating: Forced Air, Heat Pump
- Cooling: Heat Pump
- Flooring: N/A
- Interior Features: Formal, Sunken, Eat Bar, Bathroom, Granite
- Exterior Features: N/A
- Parking Features: Off Street, Attached
Location
- City: McMinnville
- State: OR
- Subdivision: N/A
- Lot Size: 0.27 Acres
- Lot Features: Golf Course, Level, SqFt 10000 to 14999
- View: Golf Course
HOA & Fees
- HOA Fee: $650 annually
- Association Fee: $650 annually
- Fees & Dues: N/A
- Association Amenities: Road Maintenance
- Association Fee Includes: N/A
Utilities
- Utilities: Cable Connected
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: Paved
School Information
- Elementary School: Memorial
- Middle School: Duniway
- High School: Mcminnville
Listed by: Kirk Bales • Keller Williams Realty Portland Premiere
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #24489027
Disclaimer: The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright 2024 RMLS, Portland, Oregon. This content last updated on 2024-10-15 08:59:19 PDT. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.