510 NW 9th StMcMinnvilleOR97128
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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 510 NW 9th St, McMinnville, OR, 97128 at $572,000 posts ROI 17.17% with from $3,000/mo rent. Total monthly income equals $3,000/mo. Return on cash invested measures 17.17% and rental yield reads 6.29% at the current $572,000. Equity gained on principal adds $3,691/yr, and 5% annual appreciation supports $158,033 by year five. Five-year ROI prints 87.92% and total cumulative return in cash totals $165,461. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,000/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1961
6,098 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 |
|---|---|---|
| 2024-10-15 | Listed for sale | $572,000 |
| 2024-10-06 | Pending sale | $572,000 |
| 2024-10-02 | Price change | $572,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-17 | $3300.30 | 5.56% | $195,255 | 3.00% |
| 2022-10-17 | $3126.45 | 2.42% | $189,568 | 3.00% |
| 2021-10-17 | $3052.49 | 0.80% | $184,047 | 3.00% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1961
- Architectural Style: Mid Century Modern
- Building Area: 1,706
- Living Area: 1,706 sqft
- Property Condition: Resale
Features & Amenities
- Heating: Heat Pump, Fireplace(s)
- Cooling: Heat Pump
- Flooring: Tile, Wood
- Interior Features: Quartz, Closet, Pantry, Walk-In Closet(s)
- Exterior Features: Garden, Raised Beds, Yard
- Parking Features: Driveway, On Street, Carport
Location
- City: McMinnville
- State: OR
- Subdivision: N/A
- Lot Size: 6,098 sqft
- Lot Features: Level, Seasonal, Sprinkler, SqFt 5000 to 6999
- View: Seasonal
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: Concrete, Paved
School Information
- Elementary School: Memorial
- Middle School: Duniway
- High School: Mcminnville
Listed by: Lacey Summers • Bella Casa Real Estate Group
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #24641109
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 2024 RMLS, Portland, Oregon. This content last updated on 2024-10-17 04:44:22 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.