For SaleRisky Deal30 days on market
1602 NE Riverside Dr Unit 68
1602 NE Riverside Dr Unit 68, McMinnville, OR 97128, McMinnville, OR 97128
$110,000
Listing Price
1602 NE Riverside Dr Unit 68, McMinnville, OR 97128
Loc: McMinnville, OR
Days Listed
30
Tax Assessed
$120k
Type
manufactured
More Than Just a Property
We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.
4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
4
Sue Buel Elementary
K-5
1.6 mi away
6
Patton Middle School
6-8
0.6 mi away
9
McMinnville High School
9-12
0.6 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
manufactured homeranch stylesingle-storycarportwood sidingcovered entranceresidentialsuburbanlandscapedsunnymature treessloped lotprivate drivewaylow maintenance
Haven AI Verdict
Recommendation
Risky
Confidence Score: 1/10
Exercise caution due to potential market volatility.
Cap Rate
5.24%
Total ROI
72.8%
Cash Flow
$-90/mo
DSCR
0.84
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-90/mo net cash flow with a 5.2% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Prime residential location in McMinnville, OR
- • Long-term capital appreciation corridor
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-09-03 | Listed for sale | $110,000 | $70 |
| 2026-08-26 | Pending sale | $110,000 | $70 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $961.83 | $54,015 |
| 2024 | $911.5 | $52,442 |
| 2023 | $860.59 | $50,915 |
| 2022 | $815.26 | $49,432 |
| 2021 | $795.97 | $47,992 |
| 2020 | $789.61 | $46,594 |
| 2019 | $768.2 | $45,237 |
| 2018 | $613.95 | $35,880 |
| 2017 | $623.95 | $29,210 |
| 2016 | $421.71 | $24,385 |
| 2015 | $421.71 | $3,788 |
| 2014 | $70.23 | $2,193 |
| 2013 | $6 | $0 |
| 2012 | $8.07 | $431 |
| 2011 | $6 | $0 |
| 2010 | $451.91 | $27,037 |
| 2009 | $444.56 | $26,250 |
| 2008 | $410.92 | $24,647 |
| 2007 | $389.12 | $23,179 |
| 2006 | $320.06 | $20,439 |
Similar Properties Nearby
Explore other investment opportunities in McMinnville.