206 NE 10th St, McMinnville, OR, 97128 | 4.99% Rental Yield

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206 NE 10th St, McMinnville, OR, 97128 | 4.99% Rental Yield | Ziffy

For Sale

Airbnb Potential

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

Total monthly income runs $3,178/mo, and a $3,744/mo payment. Purchase price stands at $765,000, and rental yield measures 4.99% with $3,178/mo rent. Return on cash invested shows 13.2% in year one, and 5% annual appreciation builds toward $211,355 over five years. Five-year ROI reaches 66.62% and total cumulative return in cash records $167,663. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,178/mo property income covering a $3,744/mo payment rather than investor’s personal income.

Single Family

Built in 1894

5,662 sqft lot

$N/A/sqft

No HOA

More details about the property

Popular Vacation rental-within walking distance to many restaurant choices and McMinnville's famous tourist district. Award-winning restored Victorian offers 4 bedrooms and 3.5 baths. The spacious floorplan with two living rooms has the potential flexibility for a 5th sleeping room with bath access on main floor, for increased revenue. The Carriage House (labeled as the Great Room in photos) has use of a half bath and provides recreation and gathering space for guests. 2nd kitchen on the 2nd floor adds flexibility for various uses. Hook-up for a 2nd set of laundry equipment in the basement, which also has an exterior access convenient to the Carriage House. Solar panels on the Carriage House reduce utility costs. Great exposure makes this a prime investment property. Zoning also allows retail, professional office, multi-family and owner-occupied mixed uses, all subject to building and parking requirements. Ask your broker for the developer packet with demographics, zoning, maps and floorplans attached. Current use is permitted by zoning. This property is not subject to conditional use permit requirements for STRs. Buyer to do all due diligence necessary for intended use. Fixtures included, furniture and inventory negotiable. Financials available with acceptable offer. Buyer to do all due diligence re intended use.

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