2016 SW Phyllis Dr, McMinnville, OR, 97128 | $154/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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2016 SW Phyllis Dr, McMinnville, OR, 97128 | $154/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 2016 SW Phyllis Dr, McMinnville, OR, 97128 offers a 8.1% rental yield on a $215,000 purchase with $1,451/mo rent. Total monthly income registers $1,451/mo, and a $1,052/mo payment leaves $154/mo available for distribution. Annual cash flow reaches $1,842/yr on $71,273 to close, and return on cash invested stands at 22.49% in year one. Equity gained on principal adds $1,387/yr while 5% annual appreciation supports $59,401 over five years. Portfolio math shows five-year ROI at 116.53% and total cumulative return in cash at $83,053. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,451/mo property income against a $1,052/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1998

N/A lot

$N/A/sqft

No HOA

More details about the property

Find luxury and affordability all in one. Remodeled in 2023 from top to bottom with new roof and HVAC ducting, new cabinetry, flooring, quartz countertops, mosaic tile backsplashes, chandelier, and more! This lot is extra deep and backs up to a small forest of trees and a seasonal creek. With a 8x16 greenhouse for all your gardening needs. Open floorplan is great for hosting gatherings, or for a large family. Located in Kathleen Manor, an all age manufactured home community. Lot rent is only $580 a month! The lowest lot rent around with amazing management and owners! Must pass their background check to purchase in the community. Come check it out before it's gone.

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