323 NE Fircrest Pl, McMinnville, OR, 97128 | $222/mo Cash Flow

For Sale

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

Rental property for sale in McMinnville at 323 NE Fircrest Pl, McMinnville, OR, 97128 generates $2,666/mo in rent and, after a $1,982/mo payment, leaves $222/mo in cash flow. Total monthly income is $2,666/mo, and annual cash flow is $2,659/yr on $134,258 invested. Return on cash invested sits at 21.89% in year one, and rental yield is 7.9% on a $405,000 entry. Equity gained on principal adds $2,613/yr, while 5% annual appreciation builds toward $111,894 over five years. Five-year ROI reaches 113.26% and total cumulative return in cash sums $152,066. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,666/mo property income rather than buyer’s personal income.

Condo

Built in 2000

N/A lot

$N/A/sqft

No HOA

More details about the property

Updated Fircrest Village townhome in a 55+ community close to McMinnville shops, dining, and wineries. Open-concept living with vaulted ceilings, gas fireplace, vinyl plank floors, fresh paint, and plush carpet. Kitchen has new countertops, deep sink, and stainless appliances. Dining area opens to a private back patio with retractable awning. Main-level primary suite with full bath walk-in closet. Laundry also on main. Upstairs has full bath, two large bedrooms with vaulted ceilings, and big closets. Two-car garage, built-ins, and HOA that covers exterior maintenance. Move-in ready, low-maintenance, and close to wine country.

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