691 SE Millright Ct, McMinnville, OR, 97128 | $284/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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691 SE Millright Ct, McMinnville, OR, 97128 | $284/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 691 SE Millright Ct, McMinnville, OR, 97128 with 5% annual appreciation on a $449,900 basis while $3,000/mo rent supports operations. Total monthly income totals $3,000/mo and a $2,202/mo payment preserves $284/mo for cash returns. Annual cash flow comes to $3,412/yr on $149,142 deployed, and return on cash invested reaches 22.2% in year one. Equity gained on principal adds $2,903/yr, and five-year appreciation sums $124,299 alongside rental yield of 8%. Five-year ROI measures 114.93% and total cumulative return in cash totals $171,406.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,000/mo property income versus a $2,202/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 2014

6,534 sqft lot

$N/A/sqft

No HOA

More details about the property

OPEN HOUSE SUNDAY 122PM! This move-in ready home is near one of Oregons most celebrated downtowns and just minutes from Linfield University. Grab pastries and coffee at Bad Dog Bakery, stroll to boutiques and restaurants, or explore nearby parks. Tucked away in a quiet cul-de-sac, the home features 9-foot ceilings, engineered hardwood floors throughout, and a kitchen with warm wood cabinetry, granite tile counters, and a classic backsplash. Upstairs, youll find generous bedrooms, a versatile mini-loft, and a convenient laundry room. Step outside to a truly exceptional oversized fenced backyard complete with a patio, fire pit area, paved path, and expansive lawn. Additional highlights include air conditioning to keep you cool, new hard-surface flooring, and a newer construction home that offers rare backyard space. Schedule your tour today!

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