1940 NW 21st 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
Investment property for sale in McMinnville at 1940 NW 21st St, McMinnville, OR, 97128 offers a 8.6% rental yield on a $539,900 purchase with $3,868/mo rent. Total monthly income registers $3,868/mo, and a $2,643/mo payment leaves $561/mo available for distribution. Annual cash flow reaches $6,727/yr on $177,627 to close, and return on cash invested stands at 23.85% in year one. Equity gained on principal adds $3,484/yr while 5% annual appreciation supports $149,164 over five years. Portfolio math shows five-year ROI at 123.85% and total cumulative return in cash at $219,991. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,868/mo property income against a $2,643/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2019
5,227 sqft lot
$N/A/sqft
$48 monthly 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 |
|---|---|---|
| 2024-10-16 | Listed for sale | $539,900 |
| 2019-08-05 | Sold | $343,900 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-17 | $3995.16 | 5.56% | $236,365 | 3.00% |
| 2022-10-17 | $3784.72 | 2.42% | $229,481 | 3.00% |
| 2021-10-17 | $3695.18 | 0.80% | $222,797 | 3.00% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 2019
- Architectural Style: Traditional
- Building Area: 1,880
- Living Area: 1,880 sqft
- Property Condition: Resale
Features & Amenities
- Heating: Wall Furnace
- Cooling: Air Conditioning Ready
- Flooring: Laminate, Wall to Wall Carpet
- Interior Features: Ceiling Fan(s), High Ceilings, Quartz, Cook Island, Pantry, Bathroom, Double Vanity, Soaking Tub, Walk-In Closet(s), Walkin Shower
- Exterior Features: Raised Beds, Yard
- Parking Features: Driveway, Attached
Location
- City: McMinnville
- State: OR
- Subdivision: Baker Creek West
- Lot Size: 5,227 sqft
- Lot Features: Corner Lot, Level, Sprinkler, SqFt 5000 to 6999
- View: Park/Greenbelt
HOA & Fees
- HOA Fee: $48 monthly
- Association Fee: $48 monthly
- 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: Paved
School Information
- Elementary School: Memorial
- Middle School: Duniway
- High School: Mcminnville
Listed by: LeAnne Cray • Allegiant Realty Group
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #24084433
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 2024-10-17 04:49:12 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.








