4155 NE Three Mile Ln UNIT 57, McMinnville, OR, 97128 | $238/mo Cash Flow

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4155 NE Three Mile Ln UNIT 57, McMinnville, OR, 97128 | $238/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 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

More details about the property

Welcome to Olde Stone Village McMinnvilles premier 55+ manufactured home community! This beautifully updated single-wide home sits on an oversized lot and offers a bright, vaulted open floorplan with stylish modern touches throughout. Recent upgrades include: Kitchen~ Quartz countertops, center island, updated appliances; Primary Bathroom~ Walk-in closet, built-in vanity with smart mirror, walk-in shower, and a new access door leading to the patio; Backyard~ Southern exposure, lush with flowering perennials, complete with a sprinkler system; Interior: Newer laminate flooring and updated lighting throughout, fresh paint; Newly painted exterior and interior for a crisp, clean look; Outdoor Features: Covered front and back porches, extended carport, and a separate 7x5 tool shed for extra storage. This charming home blends comfort, convenience, and curb appeal in a vibrant, welcoming community offering pool, pickleball/tennis court, gym, recreation center, park and more! Come see it for yourself!

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