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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in McMinnville at 348 SW Mount Rainier St, McMinnville, OR, 97128 priced at $515,000 converts $3,868/mo rent into $759/mo cash flow after a $2,521/mo obligation. Total monthly income equals $3,868/mo, and annual cash flow totals $9,108/yr on $169,435 invested. Return on cash invested prints 25.44% in year one, and rental yield reads 9.01% against a $515,000 entry. Equity gained on principal adds $3,323/yr, while 5% annual appreciation compiles into $142,285 by year five. Five-year ROI reaches 132.27% and total cumulative return in cash sums $224,113. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,868/mo property income covering a $2,521/mo payment, not borrower’s personal income.
Single Family
Built in 2015
6,795 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97128, Mcminnville, OR area.
| 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 |
Residential
15,300
Single Family
13,960
Multi-Family
1,340
Businesses
1,475
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Jonathan Minerick • homecoin.com
Mls Name: RMLS (OR)
Mls ID: #198105736
