240 SE Davis StMcMinnvilleOR97128
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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 240 SE Davis St, McMinnville, OR, 97128 priced at $420,000 converts $3,240/mo rent into $705/mo cash flow after a $2,056/mo obligation. Total monthly income equals $3,240/mo, and annual cash flow totals $8,454/yr on $139,230 invested. Return on cash invested prints 25.98% in year one, and rental yield reads 9.26% against a $420,000 entry. Equity gained on principal adds $2,710/yr, while 5% annual appreciation compiles into $116,038 by year five. Five-year ROI reaches 135.21% and total cumulative return in cash sums $188,251. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,240/mo property income covering a $2,056/mo payment, not borrower’s personal income.
Single Family
Built in 1914
8,276 sqft lot
$N/A/sqft
No HOA
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
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Listed by: STACEY MCGHEHEY • Coldwell Banker Professional Group
Mls Name: WVMLS
Mls ID: #834962