966 E 15th St, Lafayette, OR, 97127 | Equity Gain $2,965/yr

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

966 E 15th St, Lafayette, OR, 97127 | Equity Gain $2,965/yr | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

No similar rental properties found nearby.

Nearby investment properties with comparable prices

3 Bed
2 Bath
1661 sft

788 SE Meadows Loop, Sheridan, OR, 97378

3 Bed
3 Bath
1342 sft

890 SE Roberts Ct, McMinnville, OR, 97128

3 Bed
2 Bath
1468 sft

915 SW Fleishauer Ln, McMinnville, OR, 97128

3 Bed
3 Bath
1502 sft

280 NW Country Ct, McMinnville, OR, 97128

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

Explore more listings using simple english

Investment Highlights

Rental property for sale in Lafayette at 966 E 15th St, Lafayette, OR, 97127 generates $0/mo in rent, after a $2,249/mo payment. Total monthly income is $0/mo. Return on cash invested sits at -1.94% in year one, and rental yield is 0% on a $459,500 entry. Equity gained on principal adds $2,965/yr, while 5% annual appreciation builds toward $126,951 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $0/mo property income rather than buyer’s personal income.

Single Family

Built in 2014

5,227 sqft lot

$N/A/sqft

No HOA

More details about the property

This beautifully maintained 3-bedroom, 2.1-bath home offers a comfortable layout with thoughtful updates throughout. The main level features high ceilings and newer vinyl flooring, trim, and paint, creating an open flow from the living area into the dining space and kitchen. The kitchen includes granite countertops, stainless steel appliances, pantry, and beautiful wood cabinetry with an eat bar. Upstairs the primary suite features a dual-sink vanity and walk-in shower, and a second full bath with a tiled vanity serves the additional bedrooms. The laundry room is conveniently located on the upper level near all three bedrooms. Additional highlights include a spacious, fully fenced backyard, tool shed, patio, and firepit, while the covered front porch adds a welcoming touch. Located in North Lafayette just minutes from McMinnville, this home offers access to nearby parks and beautiful Oregon Wine Country.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97127, Lafayette, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,523 (100%)
Owner Occupied HU	1,274 (83.7%)
Renter Occupied HU	222 (14.6%)
Vacant Housing Units	27 ( 1.8%)
Median Home Value	$418,961
Average Home Value	$449,861