2227 NW Victoria DrMcMinnvilleOR97128
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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
Investment Highlights
Rental property for sale in McMinnville at 2227 NW Victoria Dr, McMinnville, OR, 97128 offers $3,000/mo rent that, after a $3,475/mo payment. Total monthly income is $3,000/mo. Return on cash invested measures 13.24% in year one, and rental yield stands at 5.07% at a $709,900 entry. Equity gained on principal adds $4,581/yr while 5% annual appreciation compounds into $196,132 by year five. Five-year ROI records 66.93% and total cumulative return in cash reaches $156,316. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,000/mo property income versus a $3,475/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2018
6,969 sqft lot
$N/A/sqft
$42 monthly HOA
More details about the property
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 |
Housing Distribution
Address Breakdown
Residential
15,300
Single Family
13,960
Multi-Family
1,340
Businesses
1,475
Price History
Date | Event | Price |
|---|---|---|
| 2025-03-26 | Listed for sale | $709,900 |
| 2023-05-02 | Sold | $681,000 |
| 2023-04-03 | Pending sale | $649,900 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 2018
- Architectural Style: N/A
- Building Area: 2,060
- Living Area: 2,060 sqft
- Property Condition: Resale
Features & Amenities
- Heating: Forced Air 95 Plus, Fireplace(s)
- Cooling: Central Air
- Flooring: Laminate
- Interior Features: Ceiling Fan(s), High Ceilings, Quartz, Soaking Tub, Vaulted Ceiling(s), Closet, Kitchen Island, Pantry, Double Vanity, Walk-In Closet(s), Walkin Shower, Tile
- Exterior Features: Yard
- Parking Features: Driveway, Garage Door Opener, Attached
Location
- City: McMinnville
- State: OR
- Subdivision: N/A
- Lot Size: 6,969 sqft
- Lot Features: Level, Sprinkler, SqFt 5000 to 6999
- View: N/A
HOA & Fees
- HOA Fee: $42 monthly
- Association Fee: $42 monthly
- Fees & Dues: N/A
- Association Amenities: Commons
- Association Fee Includes: N/A
Utilities
- Utilities: Cable Connected
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: Paved
School Information
- Elementary School: Memorial
- Middle School: Duniway
- High School: Mcminnville
Listed by: David Shaulis • Premiere Property Group, LLC
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #734886746
Disclaimer: The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright 2025 RMLS, Portland, Oregon. This content last updated on 2025-03-27 12:00:23 PDT. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.