318 NW Meadows 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 318 NW Meadows Dr, McMinnville, OR, 97128 at $625,000 posts ROI 17.96% with from $3,413/mo rent. Total monthly income equals $3,413/mo. Return on cash invested measures 17.96% and rental yield reads 6.55% at the current $625,000. Equity gained on principal adds $4,033/yr, and 5% annual appreciation supports $172,676 by year five. Five-year ROI prints 92.17% and total cumulative return in cash totals $189,517. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,413/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1997
7,405 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 |
|---|---|---|
| 2025-04-02 | Listed for sale | $625,000 |
| 2017-04-28 | Sold | $375,000 |
| 2017-03-14 | Pending sale | $369,900 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-03 | $4841.33 | 5.56% | $286,427 | 3.00% |
| 2022-04-03 | $4586.30 | 2.42% | $278,084 | 3.00% |
| 2021-04-03 | $4477.79 | 0.80% | $269,984 | 3.00% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1997
- Architectural Style: Contemporary
- Building Area: 2,284
- Living Area: 2,284 sqft
- Property Condition: Resale
Features & Amenities
- Heating: Heat Pump, Zoned
- Cooling: Central Air
- Flooring: Hardwood, Laminate, Wall to Wall Carpet, Wood
- Interior Features: Ceiling Fan(s), High Ceilings, Quartz, Soaking Tub, Closet, Sink, Formal, Nook, Suite, Walk-In Closet(s), Walkin Shower
- Exterior Features: Fire Pit
- Parking Features: Driveway, Off Street, Garage Door Opener, Attached
Location
- City: McMinnville
- State: OR
- Subdivision: N/A
- Lot Size: 7,405 sqft
- Lot Features: Gentle Sloping, Greenbelt, Seasonal, Trees, Wooded, Sprinkler, SqFt 7000 to 9999
- View: Park/Greenbelt, Trees/Woods
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: Newby
- Middle School: Duniway
- High School: Mcminnville
Listed by: Steve Nassar • Premiere Property Group, LLC
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #465933417
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 2025-04-03 11:47:33 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.