2020 N Carol Ave, Newberg, OR, 97132 | 7.12% Rental Yield

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

2020 N Carol Ave, Newberg, OR, 97132 | 7.12% Rental Yield | Ziffy

For Sale

Rental Income

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

Motivated Seller+ 1 more

6 Bed
2 Bath
3000 sft

401 S College St, Newberg, OR, 97132

4 Bed
2 Bath
1786 sft

116 E 9th St, Newberg, OR, 97132

4 Bed
3 Bath
2603 sft

814 E 4th St, Newberg, OR, 97132

4 Bed
4 Bath
4683 sft

20420 NE Sunnycrest Rd, Newberg, OR, 97132

Nearby investment properties with comparable prices

3 Bed
2 Bath
2197 sft

1039 SW Upland Dr, Dundee, OR, 97115

4 Bed
3 Bath
2380 sft

2690 NW Meadows Dr, McMinnville, OR, 97128

3 Bed
3 Bath
1667 sft

3775 NE Joel St, McMinnville, OR, 97128

4 Bed
3 Bath
2284 sft

318 NW Meadows Dr, McMinnville, OR, 97128

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Newberg at 2020 N Carol Ave, Newberg, OR, 97132 offers a 7.12% rental yield on a $625,000 purchase with $3,706/mo rent. 67% in year one. Equity gained on principal adds $4,033/yr while 5% annual appreciation supports $172,676 over five years. Portfolio math shows five-year ROI at 101.35% and total cumulative return in cash at $208,393. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,706/mo property income against a $3,059/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1980

7,840 sqft lot

$N/A/sqft

No HOA

More details about the property

Tucked away at the end of a quiet cul-de-sac, this versatile home offers flexible living with an additional downstairs living area complete with a bedroom, cozy fireplace, and a second kitchenideal for multi-generational living, an ADU, or rental income potential (buyer to do due diligence). Thoughtful updates include a new roof, siding stain/paint, and a power-saving smart water heater (2017), plus a new HVAC and A/C system in 2021 for peace of mind. The remodeled upstairs kitchen is a true highlight, featuring quartz counters, updated cabinetry, a full-height tile backsplash, undermount sink, and sleek black stainless steel appliances. Storage is abundant throughout, and the layout provides both comfort and flexibility for a variety of lifestyles. Outdoors, enjoy a spacious 22 x 14 deck, water feature, greenhouse, chicken coop, raised garden beds, and multiple fishponds. The property backs to greenspace with a fully usable field, offering a private, natural buffer and space to spread out. Conveniently located near George Fox University, Chehalem Aquatic Center, schools, and parks, this home blends modern updates, unique amenities, and endless possibilities in a peaceful neighborhood setting.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97132, Newberg, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	12,751 (100%)
Owner Occupied HU	8,243 (64.6%)
Renter Occupied HU	3,884 (30.5%)
Vacant Housing Units	624 ( 4.9%)
Median Home Value	$557,408
Average Home Value	$619,628