1248 Penn St SW, Albany, OR, 97321 | $145/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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1248 Penn St SW, Albany, OR, 97321 | $145/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Albany at 1248 Penn St SW, Albany, OR, 97321 generates $2,496/mo in rent and, after a $1,906/mo payment, leaves $145/mo in cash flow. Total monthly income is $2,496/mo, and annual cash flow is $1,744/yr on $129,119 invested. Return on cash invested sits at 21.26% in year one, and rental yield is 7.69% on a $389,500 entry. Equity gained on principal adds $2,513/yr, while 5% annual appreciation builds toward $107,612 over five years. Five-year ROI reaches 109.89% and total cumulative return in cash sums $141,895. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,496/mo property income rather than buyer’s personal income.

Single Family

Built in 1958

6,970 sqft lot

$N/A/sqft

No HOA

More details about the property

Accepted Offer with Contingencies. Don't miss this fantastic 3-bed, 2-bath home at the end of a quiet street in SW Albany! The home features a significant remodel in 2013 and within the last few years the water heater and furnace were replaced, the deck was stained, and the exterior was painted! Other features include a gas stove in the living room, and a large utility room. Outside is a large wood deck, private yard, long driveway to the detached 2 car garage, and a large storage shed! Washer /Dryer and Kitchen appliances included!

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