777 College Park Dr SW #51AlbanyOR97321
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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 777 College Park Dr SW #51, Albany, OR, 97321 offers a 20.67% rental yield on a $190,460 purchase with $3,280/mo rent. Total monthly income registers $3,280/mo, and a $932/mo payment leaves $1,389/mo available for distribution. Annual cash flow reaches $16,663/yr on $63,137 to close, and return on cash invested stands at 46.3% in year one. Equity gained on principal adds $1,229/yr while 5% annual appreciation supports $52,621 over five years. Portfolio math shows five-year ROI at 249.32% and total cumulative return in cash at $157,417. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,280/mo property income against a $932/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1996
3,500 sqft lot
$N/A/sqft
$742 monthly 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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