1405 Calapooia St SW, Albany, OR, 97321 | $311/mo Cash Flow

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1405 Calapooia St SW, Albany, OR, 97321 | $311/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

Investment property for sale in Albany at 1405 Calapooia St SW, Albany, OR, 97321 offers a 8.27% rental yield on a $365,000 purchase with $2,514/mo rent. Total monthly income registers $2,514/mo, and a $1,786/mo payment leaves $311/mo available for distribution. Annual cash flow reaches $3,735/yr on $120,998 to close, and return on cash invested stands at 23% in year one. Equity gained on principal adds $2,355/yr while 5% annual appreciation supports $100,843 over five years. Portfolio math shows five-year ROI at 119.22% and total cumulative return in cash at $144,247. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,514/mo property income against a $1,786/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1940

4,792 sqft lot

$N/A/sqft

No HOA

More details about the property

Move right in! Kitchen features new cabinetry and countertop and has a dining nook. Large laundry/utility room. 2 bedrooms and bathroom off of living room and 3rd bedroom is off of bonus room with 2nd bathroom. Bonus room has outdoor access. New flooring in many areas. New roof (10/2025). Fenced backyard with plenty of room for gardening and outdoor activities. Located on a corner lot. Seller Brian Oare is listing agent.

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