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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in McMinnville at 2516 NE Norton Ct, McMinnville, OR, 97128 generates $3,000/mo in rent and, after a $1,859/mo payment, leaves $707/mo in cash flow. Total monthly income is $3,000/mo, and annual cash flow is $8,487/yr on $125,937 invested. Return on cash invested sits at 26.65% in year one, and rental yield is 9.48% on a $379,900 entry. Equity gained on principal adds $2,451/yr, while 5% annual appreciation builds toward $104,959 over five years. Five-year ROI reaches 138.81% and total cumulative return in cash sums $174,809. 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 1995
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97128, Mcminnville, OR area.
| 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 |
Residential
15,300
Single Family
13,960
Multi-Family
1,340
Businesses
1,475
Date | Event | Price |
|---|---|---|
| 2024-10-16 | Listed for sale | $379,900 |
| 2024-08-04 | Listing removed | $385,000 |
| 2024-07-12 | Listed for sale | $385,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-17 | $3337.11 | 5.56% | $197,433 | 3.00% |
| 2022-10-17 | $3161.33 | 2.42% | $191,683 | 3.00% |
| 2021-10-17 | $3086.54 | 0.80% | $186,100 | 3.00% |
Listed by: Gary Eckdahl • Bella Casa Real Estate Group
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #24199816
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 2024 RMLS, Portland, Oregon. This content last updated on 2024-10-17 04:49:12 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.
