2031 SW Alexandria St #110, McMinnville, OR, 97128 | $1,823/mo Cash Flow

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2031 SW Alexandria St #110, McMinnville, OR, 97128 | $1,823/mo Cash Flow | Ziffy

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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 2031 SW Alexandria St #110, McMinnville, OR, 97128 earns $1,823/mo cash flow from $2,964/mo rent with a $925/mo payment. Total monthly income totals $2,964/mo, and annual cash flow totals $21,879/yr on $62,654 capital. ROI tracks 54.83% on current figures, and rental yield reads 18.82% at a $189,000 purchase. Equity gained on principal adds $1,220/yr, and 5% annual appreciation supports $52,217 over five years. Five-year ROI reaches 289.95% and total cumulative return in cash sums $181,666. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,964/mo property income instead of your personal income.

Manufactured

Built in 1998

N/A lot

$N/A/sqft

No HOA

More details about the property

Property is located in Kathleen Manor community open to all ages in established neighborhoods in the beautiful town of McMinnville just 45 minutes from the Oregon Coast. This 3 bedroom 2 bath Double wide Manufactured Home sits on a corner lot backing to green space making the lot size feel very large. Front deck and back deck w/covered enclosed patio setting along with built-in covered Hot tub and opens up to the back deck overlooking the green space.

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