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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 830 NE 18th St #18, McMinnville, OR, 97128 generates $3,956/mo in rent and, after a $2,687/mo payment, leaves $642/mo in cash flow. Total monthly income is $3,956/mo, and annual cash flow is $7,707/yr on $180,621 invested. Return on cash invested sits at 24.33% in year one, and rental yield is 8.65% on a $549,000 entry. Equity gained on principal adds $3,543/yr, while 5% annual appreciation builds toward $151,679 over five years. Five-year ROI reaches 126.32% and total cumulative return in cash sums $228,152. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,956/mo property income rather than buyer’s personal income.
Single Family
Built in 1968
0.28 Acres 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 |
|---|---|---|
| 2024-08-25 | Price change | $549,000 |
| 2024-08-19 | Listed for sale | $579,000 |
| 2024-08-08 | Contingent | $579,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: TRENT VAN CLEAVE • C&I Perfect Homes Realty Inc
Mls Name: WVMLS
Mls Provider:
Mls ID: #818891
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.
