1815 Willamette Ave NEAlbanyOR97321
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
Investment property for sale in Albany at 1815 Willamette Ave NE, Albany, OR, 97321 uses $119,970 cash to close to unlock $6,286/yr annual cash flow and $524/mo monthly cash flow. Total monthly income runs $2,708/mo, and a $1,771/mo payment keeps the spread at $524/mo. Purchase price stands at $361,900, and rental yield measures 8.98% with $2,708/mo rent. Return on cash invested shows 25.15% in year one, and 5% annual appreciation builds toward $99,986 over five years. Five-year ROI reaches 130.73% and total cumulative return in cash records $156,834. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,708/mo property income covering a $1,771/mo payment rather than investor’s personal income.
Single Family
Built in 1930
0.32 Acres 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
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Listed by: LEAH OLSON • Coldwell Banker Valley Brokers
Mls Name: WVMLS
Mls Provider:
Mls ID: #827842
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.