1004 Lakewood Dr SWAlbanyOR97321
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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
Investment Highlights
Investment property for sale in Albany at 1004 Lakewood Dr SW, Albany, OR, 97321 uses $137,573 cash to close to unlock $3,291/yr annual cash flow and $274/mo monthly cash flow. Total monthly income runs $2,779/mo, and a $2,031/mo payment keeps the spread at $274/mo. Purchase price stands at $415,000, and rental yield measures 8.04% with $2,779/mo rent. Return on cash invested shows 22.3% in year one, and 5% annual appreciation builds toward $114,657 over five years. Five-year ROI reaches 115.49% and total cumulative return in cash records $158,877. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,779/mo property income covering a $2,031/mo payment rather than investor’s personal income.
Single Family
Built in 1995
4,792 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97321, Albany, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,501 (100%) |
| Owner Occupied HU | 8,923 (71.4%) |
| Renter Occupied HU | 3,233 (25.9%) |
| Vacant Housing Units | 345 ( 2.8%) |
| Median Home Value | $503,213 |
| Average Home Value | $539,335 |
Housing Distribution
Address Breakdown
Residential
12,191
Single Family
11,770
Multi-Family
421
Businesses
1,449
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