3034 SW 2nd 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
Total monthly income runs $3,276/mo, and a $3,421/mo payment. Purchase price stands at $699,000, and rental yield measures 5.62% with $3,276/mo rent. Return on cash invested shows 15.09% in year one, and 5% annual appreciation builds toward $193,121 over five years. Five-year ROI reaches 76.76% and total cumulative return in cash records $176,522. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,276/mo property income covering a $3,421/mo payment rather than investor’s personal income.
Single Family
Built in 2020
0.28 Acres lot
$N/A/sqft
$10 monthly 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 |
|---|---|---|
| 2025-09-23 | Sold | $699,000 |
| 2025-08-05 | Pending sale | $699,999 |
| 2025-07-15 | Price change | $699,999 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-17 | $5032.71 | 5.92% | $289,551 | 3.00% |
| 2023-10-17 | $4751.58 | 5.56% | $281,117 | 3.00% |
| 2022-10-17 | $4501.28 | 2.42% | $272,929 | 3.00% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 2020
- Architectural Style: N/A
- Building Area: 1,730
- Living Area: 1,730 sqft
- Property Condition: Resale
Features & Amenities
- Heating: Heat Pump, Fireplace(s)
- Cooling: Central Air
- Flooring: Tile
- Interior Features: Ceiling Fan(s), Quartz, Closet, Kitchen Island, Pantry, Walk-In Closet(s), Walkin Shower, Tile
- Exterior Features: Built-in Barbecue, Garden, Gas Hookup, Yard
- Parking Features: Driveway, On Street, RV Access/Parking, Attached
Location
- City: McMinnville
- State: OR
- Subdivision: N/A
- Lot Size: 0.28 Acres
- Lot Features: Level, SqFt 10000 to 14999
- View: N/A
HOA & Fees
- HOA Fee: $10 monthly
- Association Fee: $10 monthly
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Public Sewer
- Water Source: Cistern, Public
- Road Surface Type: Paved
School Information
- Elementary School: Columbus
- Middle School: Duniway
- High School: Mcminnville
Listed by: Steve Nassar • Premiere Property Group, LLC
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #587150632
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 2025-10-17 04:24:02 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.