1997 SW Oleander Ct, McMinnville, OR, 97128 | $525/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1997 SW Oleander Ct, McMinnville, OR, 97128 | $525/mo Cash Flow | Ziffy

For Sale

Listed for sale 7 days ago

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 1997 SW Oleander Ct, McMinnville, OR, 97128 listed at $409,999 pairs $3,000/mo rent with a $2,007/mo payment to leave $525/mo cash flow. Total monthly income runs $3,000/mo, and annual cash flow reaches $6,299/yr on $135,915 cash to close. Return on cash invested measures 24.54% in year one, and rental yield registers 8.78% at a $409,999 basis. Equity gained on principal adds $2,646/yr, and annual property appreciation at 5% supports $113,275 by year five. Five-year ROI tracks 127.49% and total cumulative return in cash totals $173,279. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,000/mo property income relative to a $2,007/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1990

7,405 sqft lot

$N/A/sqft

No HOA

More details about the property

Beautifully Updated Corner-Lot Home in McMinnvilleNestled in a quiet, well-established neighborhood, this thoughtfully updated single-level residence sits proudly on a landscaped corner lot, offering both curb appeal and functional outdoor space. Inside, youll find an inviting open floor plan designed for comfortable everyday living and effortless entertaining. With no HOA, homeowners can enjoy added flexibility and convenience. Ideally located just minutes from parks, top-rated schools, Linfield University, and the shops, restaurants, and tasting rooms along historic 3rd Street, this home provides the perfect blend of tranquility and accessibilityan exceptional opportunity in the heart of McMinnville.

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