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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in McMinnville at 591 SW Filbert St, McMinnville, OR, 97128 priced at $475,000 converts $2,814/mo rent into after a $2,325/mo obligation. Total monthly income equals $2,814/mo. Return on cash invested prints 19.5% in year one, and rental yield reads 7.11% against a $475,000 entry. Equity gained on principal adds $3,065/yr, while 5% annual appreciation compiles into $131,234 by year five. Five-year ROI reaches 100.45% and total cumulative return in cash sums $158,179. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,814/mo property income covering a $2,325/mo payment, not borrower’s personal income.
Single Family
Built in 1992
7,453 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97128, Mcminnville, OR area.
| 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 |
Residential
15,300
Single Family
13,960
Multi-Family
1,340
Businesses
1,475
Date | Event | Price |
|---|---|---|
| 2025-11-13 | Listed for sale | $475,000 |
| 2025-04-24 | Sold | $465,000 |
| 2025-03-28 | Pending sale | $479,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-19 | $3327.07 | 5.92% | $191,419 | 3.00% |
| 2023-11-19 | $3141.23 | 5.56% | $185,844 | 3.00% |
| 2022-11-19 | $2975.76 | 2.42% | $180,431 | 3.00% |
Listed by: ZACHARY THOMPSON • Works Real Estate
Mls Name: WVMLS
Mls Provider:
Mls ID: #835359
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.
