2947 SW Redmond Hill RdMcMinnvilleOR97128
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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 2947 SW Redmond Hill Rd, McMinnville, OR, 97128 generates $4,390/mo in rent and, after a $2,814/mo payment, leaves $920/mo in cash flow. Total monthly income is $4,390/mo, and annual cash flow is $11,034/yr on $189,175 invested. Return on cash invested sits at 25.89% in year one, and rental yield is 9.16% on a $575,000 entry. Equity gained on principal adds $3,710/yr, while 5% annual appreciation builds toward $158,862 over five years. Five-year ROI reaches 134.71% and total cumulative return in cash sums $254,831. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,390/mo property income rather than buyer’s personal income.
Single Family
Built in 2014
6,534 sqft lot
$N/A/sqft
No 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 |
|---|---|---|
| 2025-06-25 | Listed for sale | $575,000 |
| 2016-06-27 | Sold | $325,000 |
| 2015-05-04 | Sold | $284,900 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-06-26 | $4642.98 | 5.56% | $274,692 | 3.00% |
| 2022-06-26 | $4398.40 | 2.42% | $266,691 | 3.00% |
| 2021-06-26 | $4294.34 | 0.80% | $258,923 | 3.00% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 2014
- Architectural Style: Ranch
- Building Area: 1,856
- Living Area: 1,856 sqft
- Property Condition: Resale
Features & Amenities
- Heating: Forced Air, Fireplace(s)
- Cooling: Central Air
- Flooring: Hardwood, Wall to Wall Carpet, Vinyl
- Interior Features: Granite, Vaulted Ceiling(s), Built-in Features, Sink, Eat Bar, Eat-in Kitchen, Pantry, Double Vanity, Suite, Walk-In Closet(s), Walkin Shower, Tile
- Exterior Features: Yard
- Parking Features: Driveway, Garage Door Opener, Attached
Location
- City: McMinnville
- State: OR
- Subdivision: N/A
- Lot Size: 6,534 sqft
- Lot Features: Level, Sprinkler, SqFt 5000 to 6999
- View: N/A
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: Paved
School Information
- Elementary School: Willamette
- Middle School: Duniway
- High School: Mcminnville
Listed by: Emily Chlumak • Oregon First
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #290529515
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 2025 RMLS, Portland, Oregon. This content last updated on 2025-06-26 11:45:18 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.