2950 NE Hembree 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 2950 NE Hembree St, McMinnville, OR, 97128 priced at $750,000 pairs $3,868/mo rent with after a $3,671/mo payment. Total monthly income equals $3,868/mo. Return on cash invested is 16.85% in year one, and rental yield stands at 6.19% on a $750,000 basis. Equity gained on principal adds $4,840/yr, and 5% annual appreciation accumulates to $207,211 by year five. Five-year ROI measures 86.22% and total cumulative return in cash reaches $212,754. For financing, Ziffy Mortgage’s DSCR program evaluates $3,868/mo property income against a $3,671/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1969
1.35 Acres 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 |
|---|---|---|
| 2025-05-16 | Listed for sale | $750,000 |
| 2012-04-19 | Listing removed | $379,900 |
| 2011-11-15 | Listed for sale | $379,900 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-05-20 | $4022.20 | 5.56% | $237,965 | 3.00% |
| 2022-05-20 | $3810.33 | 2.42% | $231,034 | 3.00% |
| 2021-05-20 | $3720.19 | 0.80% | $224,305 | 3.00% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1969
- Architectural Style: N/A
- Building Area: 2,502
- Living Area: 2,502 sqft
- Property Condition: Approximately
Features & Amenities
- Heating: Baseboard, Fireplace(s)
- Cooling: N/A
- Flooring: Hardwood, Wall to Wall Carpet
- Interior Features: Built-in Features, Closet, Formal, Eat-in Kitchen
- Exterior Features: Yard
- Parking Features: Driveway, RV Access/Parking, Garage Door Opener, Attached
Location
- City: McMinnville
- State: OR
- Subdivision: N/A
- Lot Size: 1.35 Acres
- Lot Features: Corner Lot, Level, Pasture, SqFt 20000 to Acres1
- View: Territorial
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: Cable Connected
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: Paved
School Information
- Elementary School: Grandhaven
- Middle School: Patton
- High School: Mcminnville
Listed by: Stacy Martin • Baker Street Real Estate, LLC
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #788143985
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 2025-05-20 12:21:01 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.