6617 NE Noel Ln, Albany, OR, 97321 | $429/mo Cash Flow

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6617 NE Noel Ln, Albany, OR, 97321 | $429/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Albany at 6617 NE Noel Ln, Albany, OR, 97321 listed at $579,900 pairs $3,929/mo rent with a $2,838/mo payment to leave $429/mo cash flow. Total monthly income runs $3,929/mo, and annual cash flow reaches $5,147/yr on $190,787 cash to close. Return on cash invested measures 22.76% in year one, and rental yield registers 8.13% at a $579,900 basis. Equity gained on principal adds $3,742/yr, and annual property appreciation at 5% supports $160,216 by year five. Five-year ROI tracks 117.88% and total cumulative return in cash totals $224,905. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,929/mo property income relative to a $2,838/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 2016

N/A lot

$N/A/sqft

No HOA

More details about the property

Peaceful, Single Level Living with Farm Views in Millersburg. Enjoy comfort, style, and tranquility in this beautifully maintained 3 bedroom, 2 bath home nestled in a quiet Millersburg neighborhood. Built in 2016 and freshly repainted in May 2025, this single level home offers quality finishes and thoughtful features designed for easy living. Step inside to 9 foot ceilings, a cozy gas fireplace, and a spacious kitchen with granite counters, shaker cabinets, updated hardware, stainless steel appliances, a gas range, built in microwave, and an undermount sink. A home truly ideal for both everyday living and entertaining. The vaulted primary suite provides a peaceful retreat with a walk in closet and a private bath featuring double sinks and a step in shower. Two additional bedrooms, both with updated flooring, share a well appointed hall bath with tile counters and a tub shower combo. Outside, enjoy multiple outdoor living spaces including a large covered rear patio (approx. 24 x 32) and a second patio with a pergola, perfect for relaxing or entertaining. Fully fenced yard with underground sprinkler system for easy maintenance. Garden shed and separately fenced garden area with raised bed, gives you plenty of opportunity to enjoy where you live. The gently sloping backyard offers a serene view of the surrounding farmland, creating a quiet, rural feel just minutes from town. The fiber cement siding with stone and shingle accents, fully wrapped windows, and covered front patio add to the homes curb appeal. The extended driveway accommodates three cars, and there is ample side yard space for future RV or boat parking. This is a rare opportunity to downsize or upsize in style without sacrificing quality, space, or peace of mind.

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