1616 2nd Ave SEAlbanyOR97321
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Albany at 1616 2nd Ave SE, Albany, OR, 97321 generates $1,944/mo in rent and, after a $1,542/mo payment, leaves $42/mo in cash flow. Total monthly income is $1,944/mo, and annual cash flow is $508/yr on $104,423 invested. Return on cash invested sits at 20.4% in year one, and rental yield is 7.41% on a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 105.27% and total cumulative return in cash sums $109,925. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,944/mo property income rather than buyer’s personal income.
Single Family
Built in 1910
4,356 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: ANDREA FAHY • Homesmart Realty Group - Corvallis
Mls Name: WVMLS
Mls Provider:
Mls ID: #829757
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.