697 SE Millright CtMcMinnvilleOR97128
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Nearby investment properties with comparable prices
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 697 SE Millright Ct, McMinnville, OR, 97128 at $430,000 posts ROI 24.41% with $535/mo cash flow from $3,131/mo rent. Total monthly income equals $3,131/mo, and annual cash flow records $6,421/yr on $142,545 to close. Return on cash invested measures 24.41% and rental yield reads 8.74% at the current $430,000. Equity gained on principal adds $2,775/yr, and 5% annual appreciation supports $118,801 by year five. Five-year ROI prints 126.82% and total cumulative return in cash totals $180,783.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,131/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2014
5,170 sqft lot
$N/A/sqft
No HOA
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
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Listed by: GLADYS BLUM • Blum Real Estate
Mls Name: WVMLS
Mls ID: #832228