411 SW Cedarwood AveMcMinnvilleOR97128
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 411 SW Cedarwood Ave, McMinnville, OR, 97128 earns $374/mo cash flow from $3,995/mo rent with a $2,936/mo payment. Total monthly income totals $3,995/mo, and annual cash flow totals $4,489/yr on $197,367 capital. ROI tracks 22.33% on current figures, and rental yield reads 7.99% at a $599,900 purchase. Equity gained on principal adds $3,871/yr, and 5% annual appreciation supports $165,741 over five years. Five-year ROI reaches 115.63% and total cumulative return in cash sums $228,220. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,995/mo property income instead of your personal income.
Single Family
Built in 1917
9,919 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 |
|---|---|---|
| 2024-09-19 | Price change | $599,900 |
| 2024-08-23 | Listed for sale | $624,900 |
| 2017-06-06 | Sold | $370,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $3897.83 | 5.56% | $230,607 | 3.00% |
| 2022-10-15 | $3692.51 | 2.42% | $223,890 | 3.00% |
| 2021-10-15 | $3605.15 | 0.80% | $217,369 | 3.00% |
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1917
- Architectural Style: N/A
- Building Area: 2,792
- Living Area: 2,792 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Wall Furnace, Zoned
- Cooling: Window Unit(s)
- Flooring: Carpet, Laminate, Vinyl
- Interior Features: N/A
- Exterior Features: N/A
- Parking Features: Attached
Location
- City: McMinnville
- State: OR
- Subdivision: COZINES SECOND ADDITION
- Lot Size: 9,919 sqft
- Lot Features: N/A
- View: N/A
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: N/A
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: Newby
- Middle School: Duniway
- High School: McMinnville
Listed by: BRAD EATON • Exp Realty, Llc
Mls Name: WVMLS
Mls Provider:
Mls ID: #820861
Disclaimer: Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided 'AS IS' and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.