2253 NE Summit Dr, Albany, OR, 97321 | 6.27% Rental Yield

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

2253 NE Summit Dr, Albany, OR, 97321 | 6.27% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

4 Bed
3 Bath
1851 sft

670 N 12th St, Philomath, OR, 97370

3 Bed
2 Bath
2032 sft

1610 Springhill Dr NW, Albany, OR, 97321

3 Bed
3 Bath
1987 sft

1472 Logan Pkwy SE, Albany, OR, 97321

3 Bed
4 Bath
2940 sft

34118 Oakville Rd, Albany, OR, 97321

Nearby investment properties with comparable prices

3 Bed
2 Bath
1700 sft

4761 SW Hollyhock Cir, Corvallis, OR, 97333

4 Bed
2 Bath
2047 sft

5535 SW Bluestem Pl, Corvallis, OR, 97333

4 Bed
2 Bath
2403 sft

3425 Southwood Dr, Philomath, OR, 97370

4 Bed
3 Bath
2696 sft

236 NW Walker Ln, Albany, OR, 97321

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Albany at 2253 NE Summit Dr, Albany, OR, 97321 listed at $619,000 pairs $3,235/mo rent with a $3,030/mo payment. Total monthly income runs $3,235/mo. Return on cash invested measures 17.1% in year one, and rental yield registers 6.27% at a $619,000 basis. Equity gained on principal adds $3,994/yr, and annual property appreciation at 5% supports $171,018 by year five. Five-year ROI tracks 87.57% and total cumulative return in cash totals $178,345. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,235/mo property income relative to a $3,030/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 2017

10,018 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this beautifully maintained, single-level home in MIllersburg. This 3 bed, 2 bath home boasts an open concept, tall ceilings, a large kitchen with oversized island and walk-in pantry, and a covered back patio. UGS in the front and fenced backyard keep the landscaped yards green year round. Deep RV parking. Home has solar panels that cover all of the electric bill (Owner pays only the monthly metering fee). Solar was installed in 2023, has a 25 year warranty and is paid for. No HOA. Close to I-5

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