3300 Devon Pl SEAlbanyOR97322
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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 3300 Devon Pl SE, Albany, OR, 97322 offers a 9.82% rental yield on a $320,000 purchase with $2,618/mo rent. Total monthly income registers $2,618/mo, and a $1,566/mo payment leaves $604/mo available for distribution. Annual cash flow reaches $7,251/yr on $106,080 to close, and return on cash invested stands at 26.74% in year one. Equity gained on principal adds $2,065/yr while 5% annual appreciation supports $88,410 over five years. Portfolio math shows five-year ROI at 139.66% and total cumulative return in cash at $148,155. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,618/mo property income against a $1,566/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1975
8,712 sqft lot
$N/A/sqft
No HOA
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Listed by: RICK MAURMANN • Coldwell Banker Mountain West Real Estate, Inc.
Mls Name: WVMLS
Mls Provider:
Mls ID: #830464
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.