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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 Albany at 1209 38th Ave SE, Albany, OR, 97322 generates $2,791/mo in rent and, after a $2,056/mo payment, leaves $256/mo in cash flow. Total monthly income is $2,791/mo, and annual cash flow is $3,066/yr on $139,230 invested. Return on cash invested sits at 22.11% in year one, and rental yield is 7.97% on a $420,000 entry. Equity gained on principal adds $2,710/yr, while 5% annual appreciation builds toward $116,038 over five years. Five-year ROI reaches 114.46% and total cumulative return in cash sums $159,367. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,791/mo property income rather than buyer’s personal income.
Single Family
Built in 1968
9,583 sqft lot
$N/A/sqft
No HOA
Date | Event | Price |
|---|---|---|
| 2025-09-24 | Sold | $420,000 |
| 2025-08-19 | Pending sale | $419,999 |
| 2025-08-19 | Contingent | $419,999 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-20 | $3205.26 | 2.92% | $191,690 | 3.00% |
| 2023-10-20 | $3114.27 | 89.21% | $186,110 | 3.00% |
| 2022-10-20 | $1645.96 | N/A | $180,690 | 3.00% |
Listed by: LEANNA LANGLEY • Nexthome Realty Connection
Mls Name: WVMLS
Mls Provider:
Mls ID: #830418
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.
