2669 NW Kingston WayAlbanyOR97321
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 2669 NW Kingston Way, Albany, OR, 97321 priced at $470,000 converts $3,080/mo rent into $237/mo cash flow after a $2,300/mo obligation. Total monthly income equals $3,080/mo, and annual cash flow totals $2,846/yr on $155,805 invested. Return on cash invested prints 21.74% in year one, and rental yield reads 7.86% against a $470,000 entry. Equity gained on principal adds $3,033/yr, while 5% annual appreciation compiles into $129,852 by year five. Five-year ROI reaches 112.47% and total cumulative return in cash sums $175,233. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,080/mo property income covering a $2,300/mo payment, not borrower’s personal income.
Single Family
Built in 2014
4,792 sqft lot
$N/A/sqft
$75 annually 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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Nearby investment properties with comparable prices
Listed by: BRANDON HANSON • Andco Real Estate
Mls Name: WVMLS
Mls Provider:
Mls ID: #829751
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.