2798 Essex Ave NWAlbanyOR97321
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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 2798 Essex Ave NW, Albany, OR, 97321 uses $171,080 cash to close to unlock $2,344/yr annual cash flow and $195/mo monthly cash flow. Total monthly income runs $3,334/mo, and a $2,545/mo payment keeps the spread at $195/mo. Purchase price stands at $520,000, and rental yield measures 7.69% with $3,334/mo rent. Return on cash invested shows 21.43% in year one, and 5% annual appreciation builds toward $143,666 over five years. Five-year ROI reaches 110.78% and total cumulative return in cash records $189,515. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,334/mo property income covering a $2,545/mo payment rather than investor’s personal income.
Single Family
Built in 2022
5,227 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
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