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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 2423 23rd Ave NW, Albany, OR, 97321 generates $3,745/mo in rent and, after a $2,929/mo payment, leaves $120/mo in cash flow. Total monthly income is $3,745/mo, and annual cash flow is $1,443/yr on $196,907 invested. Return on cash invested sits at 20.79% in year one, and rental yield is 7.51% on a $598,500 entry. Equity gained on principal adds $3,862/yr, while 5% annual appreciation builds toward $165,355 over five years. Five-year ROI reaches 107.39% and total cumulative return in cash sums $211,449. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,745/mo property income rather than buyer’s personal income.
Single Family
Built in 2021
8,276 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 |
|---|---|---|
| 2025-07-11 | Sold | $598,500 |
| 2025-06-22 | Pending sale | $599,900 |
| 2025-06-14 | Listed for sale | $599,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-17 | $5952.81 | 2.92% | $326,177 | 3.00% |
| 2023-10-17 | $5783.89 | 1.53% | $316,677 | 3.00% |
| 2022-10-17 | $5696.87 | 373.27% | $307,453 | 361.64% |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
