4155 NE Three Mile Ln UNIT 57McMinnvilleOR97128
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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 4155 NE Three Mile Ln UNIT 57, McMinnville, OR, 97128 offers a 9.5% rental yield on a $127,000 purchase with $1,005/mo rent. Total monthly income registers $1,005/mo, and a $622/mo payment leaves $238/mo available for distribution. Annual cash flow reaches $2,856/yr on $42,101 to close, and return on cash invested stands at 26.69% in year one. Equity gained on principal adds $820/yr while 5% annual appreciation supports $35,088 over five years. Portfolio math shows five-year ROI at 139.15% and total cumulative return in cash at $58,581. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,005/mo property income against a $622/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1993
N/A lot
$N/A/sqft
No HOA
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
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Listed by: Alana Walters • John L. Scott Market Center
Mls Name: RMLS (OR)
Mls ID: #676595694