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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 1510 Broadway St SW, Albany, OR, 97321 offers $2,462/mo rent that, after a $1,835/mo payment, leaves $199/mo cash flow. Total monthly income is $2,462/mo, and annual cash flow is $2,386/yr on $124,313 cash. Return on cash invested measures 21.83% in year one, and rental yield stands at 7.88% at a $375,000 entry. Equity gained on principal adds $2,420/yr while 5% annual appreciation compounds into $103,606 by year five. Five-year ROI records 112.92% and total cumulative return in cash reaches $140,379. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,462/mo property income versus a $1,835/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97321, Albany, OR area.
| 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 |
Residential
12,191
Single Family
11,770
Multi-Family
421
Businesses
1,449
Date | Event | Price |
|---|---|---|
| 2025-08-28 | Listed for sale | $375,000 |
| 2025-05-12 | Sold | $260,000 |
| 2025-04-29 | Contingent | $275,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-09-02 | $3060.51 | 2.92% | $153,770 | 2.99% |
| 2023-09-02 | $2973.69 | 1.60% | $149,300 | 2.99% |
| 2022-09-02 | $2926.85 | N/A | $144,960 | 3.00% |
Listed by: DON SHELBY • Shelby Real Estate P.C.
Mls Name: WVMLS
Mls Provider:
Mls ID: #832933
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.
