2552 NW Merlot 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
Investment property for sale in McMinnville at 2552 NW Merlot Dr, McMinnville, OR, 97128 offers a 5.03% rental yield on a $715,000 purchase with $3,000/mo rent. 24% in year one. Equity gained on principal adds $4,614/yr while 5% annual appreciation supports $197,541 over five years. Portfolio math shows five-year ROI at 66.88% and total cumulative return in cash at $157,317. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,000/mo property income against a $3,500/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2009
9,147 sqft lot
$N/A/sqft
$250 annually 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 |
|---|---|---|
| 2024-10-10 | Listed for sale | $715,000 |
| 2009-08-14 | Sold | $110,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $5342.07 | 5.56% | $316,052 | 3.00% |
| 2022-10-15 | $5060.67 | 2.42% | $306,847 | 3.00% |
| 2021-10-15 | $4940.96 | 0.80% | $297,910 | 3.00% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 2009
- Architectural Style: N/A
- Building Area: 1,990
- Living Area: 1,990 sqft
- Property Condition: Resale
Features & Amenities
- Heating: Forced Air, Fireplace(s)
- Cooling: Heat Pump
- Flooring: Hardwood, Tile, Wall to Wall Carpet
- Interior Features: Granite, High Ceilings, Soaking Tub, Sound System, Vaulted Ceiling(s), Built-in Features, Closet, Pantry, Bookcases, Double Vanity, Walk-In Closet(s), Walkin Shower
- Exterior Features: Gas Hookup, Yard
- Parking Features: Driveway, RV Access/Parking, Garage Door Opener, Attached
Location
- City: McMinnville
- State: OR
- Subdivision: N/A
- Lot Size: 9,147 sqft
- Lot Features: Level, Seasonal, Sprinkler, SqFt 7000 to 9999
- View: Seasonal
HOA & Fees
- HOA Fee: $250 annually
- Association Fee: $250 annually
- Fees & Dues: N/A
- Association Amenities: Management
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: Concrete, Paved
School Information
- Elementary School: Memorial
- Middle School: Patton
- High School: Mcminnville
Listed by: Lacey Summers • Bella Casa Real Estate Group
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #24325302
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 2024-10-15 08:49:21 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.