2640 NE Cole Ave, McMinnville, OR, 97128 | $940/mo Cash Flow

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2640 NE Cole Ave, McMinnville, OR, 97128 | $940/mo Cash Flow | Ziffy

For Sale

Fix & Flip

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

Investment property for sale in McMinnville at 2640 NE Cole Ave, McMinnville, OR, 97128 uses $160,778 cash to close to unlock $11,283/yr annual cash flow and $940/mo monthly cash flow. Total monthly income runs $3,868/mo, and a $2,374/mo payment keeps the spread at $940/mo. Purchase price stands at $485,000, and rental yield measures 9.57% with $3,868/mo rent. Return on cash invested shows 26.93% in year one, and 5% annual appreciation builds toward $133,997 over five years. Five-year ROI reaches 140.29% and total cumulative return in cash records $225,554. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,868/mo property income covering a $2,374/mo payment rather than investor’s personal income.

Single Family

Built in 2004

6,969 sqft lot

$N/A/sqft

No HOA

More details about the property

A lovely two-story home located on a shared flag lot at the East entrance of McMinnville! This charming home offers 4 bedrooms and 3 full bathrooms, an office/bonus room, laundry room, high ceilings, and lots of natural lighting.The primary room is on the main floor with it's own bathroom, walk-in closet, and French doors that lead to the shady, fully fenced back-yard. The yard features a storage area, fruit trees, and a large gazebo. With no HOA, gas appliances,granite countertops, and gas fireplace, this home has all your convenient needs covered. Plus,less than 5 mins away from HWY 18, movie theater, and McMinnville hospital. Don't miss out on this incredible opportunity! Home being Sold as-is.

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