361 SW Howard Dr, McMinnville, OR, 97128 | $49/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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361 SW Howard Dr, McMinnville, OR, 97128 | $49/mo Cash Flow | Ziffy

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

Investment property for sale in McMinnville at 361 SW Howard Dr, McMinnville, OR, 97128 listed at $489,000 pairs $3,000/mo rent with a $2,393/mo payment to leave $49/mo cash flow. Total monthly income runs $3,000/mo, and annual cash flow reaches $585/yr on $162,104 cash to close. Return on cash invested measures 20.27% in year one, and rental yield registers 7.36% at a $489,000 basis. Equity gained on principal adds $3,155/yr, and annual property appreciation at 5% supports $135,102 by year five. Five-year ROI tracks 104.58% and total cumulative return in cash totals $169,522. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,000/mo property income relative to a $2,393/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 2003

6,098 sqft lot

$N/A/sqft

No HOA

More details about the property

Immaculate One-Owner Home in a Peaceful Neighborhood! Updated kitchen features Granite counters & Stainless Steel appliances. Great traditional layout featuring living & family rooms. Spacious primary suite features vaulted ceilings & walk-in closet. Great corner lot features tool shed & space for additional vehicle/boat parking. Quiet area with great access to all that downtown McMinnville & the Yamhill Valley have to offer!

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