700 NW 18th Pl, McMinnville, OR, 97128 | $15/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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700 NW 18th Pl, McMinnville, OR, 97128 | $15/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 700 NW 18th Pl, McMinnville, OR, 97128 offers a 7.28% rental yield on a $529,900 purchase with $3,214/mo rent. Total monthly income registers $3,214/mo, and a $2,594/mo payment leaves $15/mo available for distribution. Annual cash flow reaches $180/yr on $174,337 to close, and return on cash invested stands at 20.16% in year one. Equity gained on principal adds $3,419/yr while 5% annual appreciation supports $146,402 over five years. Portfolio math shows five-year ROI at 103.99% and total cumulative return in cash at $181,295. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,214/mo property income against a $2,594/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1957

0.32 Acres lot

$N/A/sqft

No HOA

More details about the property

Awesome Location! Oversized lot with landscaped back yard and fish pond. 20x24 shop in the back yard with an extra 6 foot garden shed. Sprinkler system in back yard. Security system paid for. Separate room off the garage, great for private office. Opens to formal living room and dining room with fire place. Windows open to the back yard. Separate eating area off kitchen. Good sized bedrooms. Room for possible RV parking. Roof around 2 years old.

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