4155 NE Three Mile Ln UNIT 9, McMinnville, OR, 97128 | $212/mo Cash Flow

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4155 NE Three Mile Ln UNIT 9, McMinnville, OR, 97128 | $212/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 9, McMinnville, OR, 97128 listed at $109,900 pairs $875/mo rent with a $538/mo payment to leave $212/mo cash flow. Total monthly income runs $875/mo, and annual cash flow reaches $2,538/yr on $36,432 cash to close. Return on cash invested measures 26.88% in year one, and rental yield registers 9.55% at a $109,900 basis. Equity gained on principal adds $709/yr, and annual property appreciation at 5% supports $30,363 by year five. Five-year ROI tracks 140.06% and total cumulative return in cash totals $51,028. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $875/mo property income relative to a $538/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Manufactured

Built in 1978

N/A lot

$N/A/sqft

No HOA

More details about the property

Seize the lowest-priced opportunity to own a home in McMinnvilles coveted 55+ Olde Stone Village! This well-maintained 1978 single-wide manufactured home offers 938 sq ft of charm with 2 bedrooms, 1 bathroom, and an open floorplan. Savor a bright kitchen featuring a breakfast bar, built-ins, and an updated window, perfect for cozy mornings. The slider leads to a spacious porch, ideal for relaxing. Updates including a hot water heater and forced air furnace paired with an existing heat pump, ensure year-round comfort. Enjoy a vibrant community with a modern clubhouse, heated seasonal outdoor pool, and pickleball courts. Scenic paths near the Evergreen Aviation Museum add daily tranquility. With access to downtown McMinnvilles wine country charm, this affordable gem delivers unmatched value. Schedule your tour today! Offers subject to park approval, please refer to Olde Stone Village for park rules, regulations and any park questions as all park information is subject to change. ** Wall sconces/lights on either side of primary bed excluded from sale **

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
2025-05-09	Listed for sale	$109,900

Tax History

Date	Tax Paid	Tax Increase Rate	Value	Value Increase Rate
2023-05-10	$379.06	5.56%	$22,426	3.00%
2022-05-10	$359.09	2.42%	$21,773	3.00%
2021-05-10	$350.60	0.81%	$21,139	3.00%

Nearby investment properties with comparable rents

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450 SE Lacreole Dr UNIT 146, Dallas, OR, 97338

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450 SE Lacreole Dr UNIT 121, Dallas, OR, 97338

2 Bed
2 Bath
1344 sft

450 SE Lacreole Dr UNIT 31, Dallas, OR, 97338

2 Bed
1 Bath
780 sft

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Nearby investment properties with comparable prices

2 Bed
1 Bath
806 sft

450 SE Lacreole Dr UNIT 121, Dallas, OR, 97338

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2400 SE Stratus Ave UNIT 66, McMinnville, OR, 97128

2 Bed
2 Bath
1344 sft

450 SE Lacreole Dr UNIT 31, Dallas, OR, 97338

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Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Facts & Features

General Information

Type: MobileManufactured
Year Built: 1978
Architectural Style: N/A
Building Area: 938
Living Area: 938 sqft
Property Condition: Resale

Features & Amenities

Heating: Forced Air
Cooling: Central Air, Heat Pump
Flooring: Wall to Wall Carpet
Interior Features: N/A
Exterior Features: Yard
Parking Features: Carport, Covered

Location

City: McMinnville
State: OR
Subdivision: N/A
Lot Size: N/A
Lot Features: Level, SqFt 0K to 2999
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: Paved

School Information

Elementary School: Wascher
Middle School: Patton
High School: Mcminnville

Listed by: Kristi Masterson • Premiere Property Group, LLC

Mls Name: RMLS (OR)

Mls Provider: Mls

Mls ID: #703130247

Disclaimer: The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright 2025 RMLS, Portland, Oregon. This content last updated on 2025-05-10 12:17:26 PDT. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.

4155 NE Three Mile Ln UNIT 9,McMinnville,OR,97128

Nearby investment properties with comparable rents

Nearby investment properties with comparable prices

Ziffy AI Summary

Investment Highlights

More details about the property

Neighborhood Data

Housing Distribution

Housing Statistics

Housing Distribution

Address Breakdown

Price History

Tax History

Nearby investment properties with comparable rents

Nearby investment properties with comparable prices

Facts & Features

General Information

Features & Amenities

Location

HOA & Fees

Utilities

School Information

4155 NE Three Mile Ln UNIT 9McMinnvilleOR97128