2317 SW Peggy St, McMinnville, OR, 97128 | $229/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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2317 SW Peggy St, McMinnville, OR, 97128 | $229/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

Rental property for sale in McMinnville at 2317 SW Peggy St, McMinnville, OR, 97128 generates $3,000/mo in rent and, after a $2,247/mo payment, leaves $229/mo in cash flow. Total monthly income is $3,000/mo, and annual cash flow is $2,748/yr on $152,159 invested. Return on cash invested sits at 21.71% in year one, and rental yield is 7.84% on a $459,000 entry. Equity gained on principal adds $2,962/yr, while 5% annual appreciation builds toward $126,813 over five years. Five-year ROI reaches 112.32% and total cumulative return in cash sums $170,903. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,000/mo property income rather than buyer’s personal income.

Single Family

Built in 2003

7,840 sqft lot

$N/A/sqft

No HOA

More details about the property

One level home in desirable SW McMinnville neighborhood - 3 bedrooms, 3 bathrooms - spacious floor plan with vaulted ceiling! This home is situated on a corner lot with possible boat or small travel trailer parking - easy care fenced yard with fruit trees. Laminate flooring installed in entry way, hallways, kitchen and dining area and carpet in bedrooms and living room. Recent exterior paint. This home is nestled in quiet neighborhood and is near new park up on 2nd St, walking trails and close in to convenient shops. Laundry room has utility sink and the extra half bath has a walk in shower and commode for convenience. Great neighborhood for dog walks, restaurant, convenience store and yet private and tucked away. Call for your own home tour and Welcome Home!

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