1995 NW Wessex St, McMinnville, OR, 97128 | $308/mo Cash Flow

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1995 NW Wessex St, McMinnville, OR, 97128 | $308/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 1995 NW Wessex St, McMinnville, OR, 97128 offers a 7.87% rental yield on a $589,900 purchase with $3,868/mo rent. Total monthly income registers $3,868/mo, and a $2,887/mo payment leaves $308/mo available for distribution. Annual cash flow reaches $3,690/yr on $194,077 to close, and return on cash invested stands at 21.96% in year one. Equity gained on principal adds $3,807/yr while 5% annual appreciation supports $162,978 over five years. Portfolio math shows five-year ROI at 113.62% and total cumulative return in cash at $220,509. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,868/mo property income against a $2,887/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 2023

3,920 sqft lot

$N/A/sqft

No HOA

More details about the property

Better than New! Situated in one of McMinnville's newest and most desirable locations and close to downtowns restaurants, shopsand wineries. Nature trails surround this scenic neighborhood for true peace and relaxation. This home has been upgraded and features designer touches you'll enjoy through out the home. Thegreat room is spacious and includes, laminate flooring, custom built-ins for additional storage and a beautiful accent wall. The gourmet kitchen has a 5 burner gas stove, cabinet pantry withupdated matte black door pulls and hinges, a center island with quartz counter tops, upgraded faucet & soap dispenser and a garbage disposal button for easy access. The primary bedroomhas a walk-in closet and ugraded closet door, designer accent wall and built-in media wall, complete with a large primary bathroom with soaker tub and tile surround and custom tile mudset shower with a glass shower door. Enjoy the extra space with three additional upstairs bedrooms including a jack & jill bathroom. All rooms are spacious and include upgraded blindsand fully encased windows. A/C and smart garage door included. The home is spotless and move-in ready!

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