621 4th Ave SEAlbanyOR97321
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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
Rental property for sale in Albany at 621 4th Ave SE, Albany, OR, 97321 priced at $370,000 converts $2,622/mo rent into $389/mo cash flow after a $1,811/mo obligation. Total monthly income equals $2,622/mo, and annual cash flow totals $4,663/yr on $122,655 invested. Return on cash invested prints 23.71% in year one, and rental yield reads 8.5% against a $370,000 entry. Equity gained on principal adds $2,388/yr, while 5% annual appreciation compiles into $102,224 by year five. Five-year ROI reaches 123.04% and total cumulative return in cash sums $150,917. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,622/mo property income covering a $1,811/mo payment, not borrower’s personal income.
Single Family
Built in 1898
4,356 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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